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Omnivore Digest 5/27/2024

·3461 words·17 mins

I Make $600,000 a Year From My Online Business and I Skipped College (210 words) #

According to Ellen Nguyen’s article, Oliur Rahman, a YouTuber and entrepreneur, recounts his journey from humble beginnings to earning $600,000 annually through his online business. Rahman, from a financially constrained South Asian family in the UK, never had internet access until he was 15. His venture into online business started by selling smartphone customizations on XDA Developers, eventually progressing to creating and selling digital designs on platforms like Tumblr and Dribbble.

Rahman bypassed university, convincing his parents to let him pursue online income. His success selling Tumblr themes propelled his earnings into six figures, allowing him to buy his first house. Rahman’s income diversified when he worked at the startup Plasso, eventually reaping significant financial rewards when GoDaddy acquired it.

He launched ULX Store in 2018 and grew his YouTube channel, which together amassed substantial revenue. During a cancer diagnosis in 2020, his passive income streams carried him financially. Rahman emphasizes the importance of diversifying income sources and continually learning new skills, strategies that have helped him achieve financial stability and long-term goals, including creating an investment portfolio and moving to Dubai.

Dependency Inversion Principle in Go: What It Is and How to Use It | HackerNoon (214 words) #

According to Kirill Parasotchenko in his HackerNoon article “Dependency Inversion Principle in Go: What It Is and How to Use It,” the Dependency Inversion Principle (DIP) is a core concept in object-oriented programming that states high-level modules should depend on abstractions rather than low-level modules relying on implementations. Parasotchenko elucidates DIP using a Go application as an example to clarify its practical utility.

Parasotchenko first introduces a straightforward HTTP application that interacts with an external service to fetch book data. Initially, this code is cluttered and ineffective, termed “spaghetti code.” By refactoring, he demonstrates the process of adhering to DIP: abstracting the HTTP client into a separate package and creating interfaces that encapsulate low-level module functionalities.

He then emphasizes that high-level modules should define the interfaces needed, rather than directly depending on lower-level implementations. This approach eliminates tight coupling and enhances code maintainability and readability.

Parasotchenko substantiates his claims with code snippets, illustrating the evolution from a tightly coupled design to a clean, modular structure consistent with DIP. This practical demonstration provides a clear roadmap for Go developers to implement the principle, ultimately fostering cleaner and more sustainable codebases.

SIX at 6: How To Conform, Get Trapped, Not Make It, Bother A French Guy, Be True To Your Interests, and Make a Life (253 words) #

Billy Oppenheimer, in his article “SIX at 6: How To Conform, Get Trapped, Not Make It, Bother A French Guy, Be True To Your Interests, and Make a Life,” discusses the importance of aligning one’s goals with personal desires and abilities rather than societal expectations. He references Hunter S. Thompson, who advises adjusting goals to fit one’s true self to avoid disillusionment, proposing that one’s abilities should drive the goals they pursue.

Oppenheimer recounts Michael Lewis’s journey from Wall Street to becoming a successful author, illustrating how Lewis chose to follow his passion for writing rather than pursuing financial security, which ultimately led to his success with books like Liar’s Poker. Similarly, he mentions comedian Jerry Seinfeld, who emphasized the importance of pursuing personal fulfillment over external markers of success to fellow comedian Orny Adams.

Chef Wylie Dufresne’s career is highlighted to show the balance between conforming to traditional learning while eventually pursuing one’s individual curiosity, which led him to innovate in cooking. Music producer Rick Rubin exemplifies living a life driven by personal interests, reinforcing Thompson’s message to seek a life one desires and then find a way to make a living within that framework. Oppenheimer underlines that real fulfillment comes from a life molded around personal passions and curiosities.

Microsoft Is ‘Below Them, Above Them, Around Them’ (209 words) #

In the article “Microsoft Is ‘Below Them, Above Them, Around Them’,” the author Every highlights the tension and competition in the field of artificial intelligence (AI) technologies. According to Every, Microsoft is strategically positioning itself around its competitors by enhancing its AI capabilities and hardware. Every underscores Microsoft’s announcement of new PCs with optimized silicon for AI and a software suite designed for AI agents, suggesting these moves could significantly alter professional knowledge work.

The author buttresses the argument with specific instances from the recent Microsoft Build developer conference, detailing how Microsoft’s CTO, Kevin Scott, elaborated on the transformative potential of GPT-5. Additionally, using new developments like AI programming agents named Devin, Every illustrates the profound impact of AI on software development tasks.

Every leverages interviews and live event observations to support these claims, showcasing first-hand insights into Microsoft’s strategies and their anticipated industry-wide influence. For example, discussions with Scott reveal a candid perspective on AI’s future, reinforcing the competitive edge Microsoft aims to secure in the AI wars through strategic hardware and software innovations.

Why We Avoid Taking Action (213 words) #

Mark Manson argues that people often procrastinate on taking action because they wait for certainty, which he insists will never come without first acting. According to Manson, the idea that one must feel certain before undertaking any action is a misconception that hinders progress. He uses reflective prompts, encouraging readers to identify where they are awaiting certainty and to act despite this uncertainty.

Manson supports his argument by referencing data from a previous week’s newsletter, where 108 people reported significant personal breakthroughs after applying his advice. This data suggests that action in the face of uncertainty can lead to substantial positive change.

To help readers apply these concepts, Manson offers practical advice: try taking action without being certain of the outcome. He emphasizes that even small steps can lead to lasting breakthroughs. By doing so, readers might learn valuable lessons that they otherwise wouldn’t have.

Additionally, Manson provides responses from his audience, illustrating real-life experiences of readers who have benefited from distancing themselves from toxic influences and taking proactive steps towards self-improvement. This peer feedback serves as anecdotal evidence that reinforces his claims about the benefits of action over hesitation.

You don’t understand, this is an Alaïa (234 words) #

Jane Doe highlights several key updates and cultural moments in the article “You don’t understand, this is an Alaïa,” beginning with news on significant Memorial Day sales. According to Doe, Memorial Day is also a time to honor those who lost their lives serving the country. She underscores the importance of budget-friendly shopping during daylight saving time and recounts using personal style inspirations such as Nicola Coughlan’s “Bridgerton” press style and the millennial side part, which she notes is making a comeback.

Doe reports on an Israeli airstrike in Gaza that resulted in casualties, presenting the data supplied by the Gaza Health Ministry and the IDF’s response. She also notes that Arkansas Sen. Tom Cotton is a strong contender for Trump’s running mate, as per The New York Times, and mentions Nicki Minaj’s arrest in the Netherlands under drug suspicion.

In her consumer insights, Doe uses specific sales data to recommend various discounted products, from Dyson straighteners to Stuart Weitzman loafers, and emphasizes the importance of using sales to stock up on essentials. Doe illustrates consumer trends by showcasing popular items like the HigherDose Red Light Face Mask and EltaMD sunscreen, underscoring their benefits supported by dermatologist recommendations and personal anecdotes.

💡 Axios AM: Inflation reality check (192 words) #

Mike Allen argues in “Axios AM: Inflation reality check” that the public’s understanding of “inflation” has evolved, shifting from “rising prices” to “high prices.” He supports this claim using data from the Bureau of Labor Statistics (BLS), which shows that although inflation has decreased from a 9% peak in mid-2022 to 3.4%, cumulative price increases since Biden took office amount to 19.4%. Allen underscores the importance of this shift, especially in an election year, as it impacts voter perceptions and political accountability. According to Allen, this redefinition of inflation has significant political implications, influencing voter tendencies to blame President Biden for high inflation and diminishing his approval. Allen uses BLS data to illustrate the gap between official inflation measures and public sentiment, suggesting that policymakers’ dismissals of high inflation could appear disconnected from the electorate’s economic realities. This discrepancy sets the stage for a critical narrative in the 2024 presidential campaign, framing economic discourse and voter expectations.

The 49-Year Unicorn Backlog🦄, AI has a gross margin problem🤖, The Path to CFO📚 (224 words) #

In “The 49-Year Unicorn Backlog🦄, AI has a gross margin problem🤖, The Path to CFO📚,” The VC Corner analyzes several pertinent issues in the venture capital and startup ecosystem. According to The VC Corner, the IPO and acquisition pace is so sluggish that it would take over 49 years for all current U.S. unicorns to exit, highlighting a significant backlog (sourced from Crunchbase). Furthermore, CJ Gustafson discusses AI’s gross margin problem, questioning its profitability and sustainability in the face of skepticism.

Jason Cohen emphasizes that scaling software is challenging and introduces unforeseen issues, arguing that architecture and automation alone aren’t sufficient. Moti Elkaim introduces a new investment pitch approach called “The Pitch Cycle,” which is said to leverage storytelling for more compelling investor presentations. The VC Corner also addresses the concept of “Productitis,” providing strategies to avoid it.

The article integrates various data points and reports from credible sources like Crunchbase and industry experts to support these claims, thus offering a holistic view of current challenges and trends in the industry. The author aims to equip readers with actionable insights and methods to navigate the evolving venture capital landscape.

A System for Self-Care [5 Love Languages] (211 words) #

In “A System for Self-Care [5 Love Languages],” Ben Meer argues that utilizing Dr. Gary Chapman’s 5 Love Languages framework—typically associated with romantic relationships—can significantly enhance personal self-care practices. The love languages include Words of Affirmation, Acts of Service, Receiving Gifts, Quality Time, and Touch. Meer contends that by identifying and incorporating one’s primary love languages into self-care routines, individuals can avoid burnout and foster a deeper sense of self-appreciation.

Meer uses vivid analogies, such as likening self-care to regularly adding kindling to a fire to keep it burning brightly. He provides data to support his claims, noting the profound impact on reducing stress and increasing happiness when self-care is aligned with one’s love languages. Detailed examples are given for each language, like practicing positive self-talk for Words of Affirmation and scheduling solo dates for Quality Time.

Furthermore, Meer outlines specific steps and practical tips for implementing these self-care strategies, reinforcing that self-care is not a luxury but a necessity for overall well-being. He emphasizes the importance of consistency in these practices to yield the best outcomes.

🟡 Mixed Signals (214 words) #

According to Semafor Media, the new podcast Mixed Signals, co-hosted by former Times colleagues, aims to unravel stories intersecting media, politics, technology, and culture. The article discusses several scoops. For instance, the Washington Post’s decision to not report on a flag incident outside Justice Samuel Alito’s home in January 2021, attributed to a consensus among the paper’s editors, was reconsidered in light of recent reports by The New York Times.

Furthermore, the article highlights the exclusion of partisan media from the AI boom. Semafor Media notes AI companies, like OpenAI, are forging content deals with established outlets while sidelining partisan ones such as Breitbart News and The Daily Caller. Neil Patel of the Daily Caller expresses concern over potential biases in AI systems.

Additionally, publishing insights include shifts in The New York Times’ restaurant reviews and a new political news outlet aiming to capture a conservative readership. The article suggests this media landscape adjustment is in response to industry changes, supported by anecdotal instances and industry commentary.

Overall, the author leverages specific cases and quotes from industry professionals to underscore shifting media dynamics.

Can a Paramount Sale Break the Mold of Media Mergers? - The Daily Upside (258 words) #

Brian Boyle, in his article “Can a Paramount Sale Break the Mold of Media Mergers?” for The Daily Upside, explores the potential advantages of Sony and Apollo Global Management acquiring Paramount Global. Boyle highlights the uncertainties surrounding the acquisition by referencing Sony and Apollo’s initial interest, followed by their hesitation after examining Paramount’s financials. He notes Paramount’s struggles, including significant losses in streaming and underperformance in film and linear TV sectors.

Boyle employs industry data to reinforce Paramount’s precarious situation, citing Parrot Analytics’ assessment that the company’s value lies more in its content library than its current operations. Jamie Lumley of Third Bridge supports this by emphasizing Sony’s potential strategy to shutter Paramount’s streaming service and capitalize on content licensing.

The article also examines past media mergers, like Amazon’s acquisition of MGM and Disney’s purchase of 21st Century Fox, to contextualize the complexities and outcomes of such deals. Boyle underscores Shari Redstone’s reluctance to dismantle her family’s media legacy, juxtaposing it with Rupert Murdoch’s timely exit from the media conglomerate business.

Ultimately, Boyle questions whether legacy media deals are worth their hefty price tags in an industry increasingly dominated by tech giants and digital media, pointing to Paramount’s uncertain future as a testament to the volatility of such acquisitions.

Tech Workers Retool for Artificial-Intelligence Boom - WSJ (209 words) #

Katherine Bindley argues that tech workers are urgently retooling their skill sets in response to the surging demand for artificial intelligence (AI) expertise. Workers like Asif Dhanani are actively seeking to bridge the knowledge gap through means such as AI boot camps, despite challenges in securing job offers. Bindley highlights that tech companies are transitioning to AI-centered operations, leading to a competitive job market with high entry barriers based on specific AI skills.

Data from the 2024 Work Trend Index, cited by Bindley, indicates a dramatic increase in LinkedIn members adding AI-related skills to their profiles and a higher application rate for AI-related job postings. However, the overall tech job market has contracted, with new postings declining but the share of AI and machine learning roles growing.

Bindley also refers to industry insights from various stakeholders, explaining that while major firms like OpenAI are willing to train new talent, many companies still require foundational AI knowledge. Programs at companies like Salesforce are aimed at reskilling existing employees to be AI proficient. Ultimately, tech professionals are driven by the realization that understanding AI is essential for job security and career progression.

May 26, 2024 (212 words) #

According to Heather Cox Richardson, Memorial Day is a time to honor those who died in military service, including her childhood acquaintance Beau Bryant. Richardson recounts Beau’s life, noting his responsibility toward his three younger sisters after their father fell short, his work as a plumber contributing to family income, and his enlistment in the Army Air Corps in 1942. Beau became a staff sergeant in the 322nd Bomber Squadron, known as “Wray’s Ragged Irregulars.” Despite his dedication, Beau’s squadron faced high casualties due to a lack of adequate fighter support. He was killed on August 12, 1943, when enemy flak cut his oxygen line during a mission.

Richardson uses personal anecdotes, such as Beau hitchhiking to see his family before deployment and buying a dress for his sister, to highlight his character and sacrifice. She underscores the long-term impact of such deaths on families and societal progress. Remarkably, after she shared Beau’s story, people began visiting his grave, ensuring his memory and the values he stood for endure. Richardson hopes for a meaningful Memorial Day for all readers.

🟡 Socially inept, physically clumsy, psychologically fragmented (293 words) #

In the article “Socially inept, physically clumsy, psychologically fragmented” by Semafor Flagship, the author explores various global issues, highlighting critical developments across different regions. Key points include:

Russia’s Increased Confidence: Semafor notes that Russian military capabilities are growing, causing concern for Ukraine and its Western allies. Data from Sky News is cited, indicating that Russia’s artillery production is three times that of Ukraine and its allies.

Israel’s Gaza Offensive: The author reports that Israeli bombings continue in Gaza despite international pressure, leading to significant casualties among Palestinians.

Papua New Guinea Landslide: Over 2,000 people are buried due to a landslide, exacerbated by severe weather conditions. The remote location and tribal clashes hinder rescue efforts, as noted by aid workers and a senior UN official.

Elon Musk’s AI Startup Funding: Musk’s xAI has raised $6 billion, intended to enhance research and development and build a new supercomputer for its chatbot. This move underscores the fiercely competitive landscape of AI development.

China’s Economic Challenges: Analysts highlight issues arising from China’s slowing economic growth, such as increased regional disparities and the challenge for leadership to maintain stability and support without rapid wealth creation.

Venezuela Gas Shortage: The article discusses Venezuela’s crippling gasoline shortage, affecting the economy and potentially impacting upcoming elections. The collapse is linked to poor infrastructure maintenance and US sanctions.

Semafor supports these claims through references to various reports and expert opinions, emphasizing the significant, multifaceted challenges affecting these regions.

How My 2-Year Job at McKinsey Ruined My Future Job Prospects (221 words) #

Lakshmi Varanasi relays the experience of a former McKinsey associate whose job prospects were severely impacted by a negative performance rating at the firm. The anonymous ex-employee describes how McKinsey’s over-hiring and contrived performance ratings created an environment where consultants were pushed out without clear justification. Initially receiving strong feedback, the associate was later given a “concerns” rating with vague criticisms like not taking “end-to-end ownership” and lacking “top-down communication.”

According to Varanasi, the former associate felt McKinsey’s intention was to reduce staff without offering support for improvement, leading to their departure and subsequent job search challenges. Recruiters and the McKinsey alumni network would often inquire about the performance rating, which affected salary negotiations and interview dynamics, casting a shadow over the associate’s confidence and mental health.

Varanasi highlights the prolonged job hunt, taking nearly five months, resulting in the associate accepting a 20% pay cut. The author uses this narrative to criticize McKinsey’s practices and suggests straightforward layoffs could be a more humane approach. The article, verified by Business Insider, shines a light on the broader implications of such corporate practices on former employees’ careers and well-being.

Protect People From Themselves: Reducing Default Risks in P2P Lending | HackerNoon (236 words) #

Alexander Koptelov argues that P2P lending platforms need to implement regulatory measures to mitigate default risks and protect users from making reckless financial decisions. Through his experience as the founder of Lendsbay, Koptelov learned that while the fintech sector aims to offer freedom from traditional banking constraints, many investors make hasty decisions comparable to gambling. He notes that despite thorough KYC processes and borrower rating systems, investors still opted for high-risk, high-interest loans, leading to high default rates.

To counter this, Koptelov implemented several measures: dividing loans into tranches, restricting novice investors from accessing low-rated loans, showing potential returns after risk calculation, evaluating portfolio quality, recommending adjustments, and prioritizing better-rated loans. These steps reduced the default rate to 20%, closer to Lending Club’s averages, despite Lendsbay operating in a higher-risk Eastern European market.

Koptelov supports his claims with data from Zopa and Lending Club, highlighting different default rates and strategies based on borrower quality and market conditions. He concludes that effective P2P lending platforms require a balance of educational and restrictive measures to ensure informed investment decisions while gradually lifting restrictions as investors become more knowledgeable. Fintech, in his view, remains committed to the ideals of freedom, albeit with necessary safeguards in place.

⚙️ AI-powered recruiting (238 words) #

The article “AI-powered recruiting” by The Deep View explores the future of talent acquisition with the startup Athyna, an AI-driven recruitment platform. The author highlights the inefficiencies and high costs in traditional recruiting methods. According to The Deep View, Athyna leverages AI to streamline the recruitment process, significantly reducing time from job post to hire. Athyna’s AI-assisted matching immediately vets tens of thousands of candidates, ranks their English proficiency, and creates a short list for recruiters.

Athyna’s AI strategy involves several innovations like the Ava tool, which helps job seekers optimize their profiles, and a global job board to broaden the talent pool. The platform uses sophisticated data analytics to match candidates more accurately and quickly than traditional methods. The Founder and CEO, Bill Kerr, stresses the blend of AI with human oversight to ensure quality matches.

Data supporting the claims include the increase in remote work, the rise in remote job popularity, and projected market growth in remote workplace services. The author believes Athyna’s approach will transform global talent acquisition, offering precise and efficient hiring solutions while mitigating challenges like ensuring AI quality and bias. The Deep View’s positive experience with Athyna supports this outlook, emphasizing the rapid and effective placement of high-quality candidates.