Sangeet Paul Choudary says Kodak was the top US digital camera seller in 2006 and went bankrupt in 2011.
“Kodak was the number one digital camera manufacturer and seller in the US in 2006, and then went bankrupt in 2011.”
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Sangeet Paul Choudary
1 episodes · 24 quoted claims
Choudary says Fujifilm survived the shift to digital photography by recognizing its core business was chemistry.
“Fujifilm saw that value is moving, and it realized that its business had always been about chemistry, about chemicals”
Choudary says Fujifilm moved its chemistry capabilities into pharmaceuticals and cosmetics.
“It took the same capabilities, moved into pharmaceuticals, moved into cosmetics, and essentially used its capabilities in chemistry”
Choudary says the first-order effect of the shipping container was automating port work, which cost dock workers their jobs.
“the first order effects were certainly that of automating the task and making it better, faster, cheaper.”
Choudary says that before Walmart's barcode-based data aggregation, individual stores negotiated separately with suppliers, who held more power.
“Before that, stores used to individually negotiate with suppliers, and suppliers, which were the brands, had more power.”
Choudary says Walmart paired barcodes with a satellite system, supplier management systems and EDI, unlike Kmart.
“But Walmart combined the technology of the barcode with complements. It had invested in a satellite system.”
Choudary says Kmart adopted barcodes only to speed checkout.
“Kmart adopted only the technology of the barcode and hence, uh, improved the checkout speed at the register.”
Choudary says TikTok combined mobile, streaming video and improved AI with videos under one minute.
“TikTok combined the three things, made the video dura- duration less than one minute”
Choudary says TikTok built an interest or behavior graph from viewing data instead of a social graph of followed people.
“it was able to create an interest graph or a behavior graph through which it was able to populate feeds.”
Choudary says Shein sends designs to manufacturing partners for small runs of 50 to 100 units and tests them in the market.
“asks them to run very small production runs of fifty to a hundred units.”
Choudary says traditional fashion sent experts to Milan and Tokyo to sense trends and build seasonal collections.
“you would have experts go to Milan and Tokyo, sense the trends, build out a collection for the next season”
Choudary predicts that cheaper AI compound generation in materials will bring patent trolls who file patents without applying them.
“the cost of creating compounds goes down is you see patent trolls, because anybody can use AI to generate compounds”
Choudary says typists' jobs existed because edits were costly before word processors.
“The typist job existed because of the constraint in the system, which was that before the word processor, uh, managing edits on a document was very expensive.”
Choudary says the typist's job disappeared although the task of typing was not automated.
“the task of typing never got automated, but the job of the typist went away.”
Choudary says anesthesiologists are well paid because they manage risk, even though machines perform their tasks.
“an anesthesiologist, you know, every single task he performs in the operating room is performed by a machine.”
Choudary says Uber drivers' pay fell because an algorithm set it, not merely because more drivers entered.
“the pay of the driver went down because the pay was now set by an algorithm.”
Choudary says Google Maps let less experienced drivers match experienced drivers and reduced the latter's pay.
“mapping helped the less experienced drivers get access to the same pay and reduce the pay of the more experienced drivers.”
Choudary says the internet cut the value of magicians' tricks because it let people expose and spread secrets cheaply.
“when the internet came, ca- you know, uh, happened, um, the value of a magician's skills went down dramatically”
Choudary says digital cameras drove the cost of taking photos to zero, moving value to storage and then sharing, as with Flickr and Instagram.
“when digital cameras came, uh, the cost of taking photos went down to zero.”
Choudary says early Internet of Things startups gave devices away below cost hoping to monetize data, a loss-making model.
“there were a lot of startups that came out and that came in to IoT with a consumer Internet mindset”
Choudary says the move from on-premise software to SaaS dismantled incumbents' logic, which relied on upfront revenue.
“the incumbents' logic was dismantled because it was structured on a fundamentally different, um, you know, financial structure of upfront”
Choudary says Facebook, Instagram and YouTube were seen as social networking winners in the mid-2010s, all built on the social graph.
“Facebook, Instagram, YouTube were declared as the winners of social networking, and all of them were structured on a s on a simple logic of the social graph.”
Choudary says the global logistics ecosystem aligned around common standards and a unified contract for containers.
“They agreed on common standards. They agreed on a unified contract.”
Choudary says studies show AI helps less skilled workers more than higher skilled ones, compressing the skill premium.
“there have been many studies over the past two to three years which show that less skilled workers when complemented by AI”