My proof that we’re onto one thing is we have seen a handful of content material offers, and the corporate that has gotten the perfect deal by far is Reddit. We all know from their public filings that final 12 months they bought near $140 million a 12 months from Google and OpenAI.
Hmm.
For those who examine that with the same deal that was executed for The New York Occasions, they bought about $20 million. So Reddit bought seven instances greater than The New York Occasions. Why? Nicely, possibly it is loopy …
I feel I do know the place you are going, and I am gonna agree with you, however [$140 million compared to $20 million is] a wildly totally different quantity.
Yeah. However 20 minutes in the past we each, I feel, agreed that we’re nostalgic for the quirky web …
Oh, I like Reddit.
… and there is nothing that represents that greater than Reddit. The New York Occasions is wonderful, however you probably have knowledge from The New York Occasions, The Wall Avenue Journal, The Washington Publish, The Boston Globe, like how a lot actual distinction is there? Principally the info keep the identical between these, whereas Reddit is that this distinctive content material, and so we have already got some proof that the enterprise mannequin of the AI-driven net goes to be one which rewards the Reddits of the world extra.
All proper. I gotta determine what gap within the Swiss cheese I am gonna fill.
You recognize, the scariest assembly I’ve had within the final little bit was espresso with Anna Wintour. My spouse was like, “It’s important to put on a swimsuit.” And I’m like, “I don’t have something.”
Wait. That is actually necessary. What did you put on, Matthew?
It was in New York and it was 100 levels outdoors, one hundred percent humidity. The one swimsuit I had was this gentle blue, fall, comparatively heavy swimsuit. So, I wore the swimsuit.
Oh boy.
Anna most likely rolled her eyes at this. However I additionally was only a sweaty mess. So I feel it was a reasonably embarrassing assembly.
It is a stunning visible. I am positive she thought it went nice. The factor about my boss is that she’s really actually, very nice. So there you go.
She was extremely, extremely pretty, and so considerate about the entire content material and media business. So I actually appreciated the chance to get to choose her mind.
That is actually humorous.
Regardless that my sartorial sense is fairly …
Belief me, so is mine. I do know the sensation.
Earlier than we finish, I wanna play a bit of recreation we got here up with. It is known as Management, Alt, Delete. What piece of tech would you like to regulate? What piece would you alt, so alter or change, and what would you delete? What would you vanquish from the Earth if given the chance?
So, delete. I would most likely say TikTok. Zero protein, very low-value content material, I feel, is de facto harmful and damaging.
Um, management. I really feel tremendous privileged by way of what we do at Cloudflare, so I might like to have important affect in considering by way of what the subsequent enterprise mannequin of the net seems like. I do not essentially wanna management it, however I might like to a minimum of management ensuring that we’re rewarding filling the holes within the cheese.
Then, alt. I am nonetheless eager for a house automation system that does not suck. As a result of I confirmed up at my home in Austin and the sunshine switches did not work and I could not flip the TV on. You recognize, a wise residence that was a bit of bit smarter.
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