Podcasts about alphabets

Erfahre hier mehr über unseren Partner Scalable Capital - dem Broker mit einem der besten YouTube-Kanäle zu Aktien & Investments. https://www.youtube.com/@scalable.capital/videos Berkshire steigt bei Alphabets 80 Mrd. $ Kapitalerhöhung ein. Short-Squeeze bei Victoria's Secret. Marvell steigt 20% nach Huang-Lob. Tencent startet KI-Agent in WeChat. Abivax verliert 50% wegen Krebsverdacht. Fulcrum auch, aber wegen schwacher Daten. Aktivist bei Northern Star. ST Microelectronics hebt Prognose. Quantinuum geht für bis zu 14 Mrd. $ an die Börse. Noch spannender: Großaktionär Honeywell (WKN: 870153) spaltet sich auf. Am 29. Juni kommt Honeywell Aerospace als eigene Firma. Was bleibt, ist ein Automatisierungs-Riese mit 20 Mrd. $ Umsatz. AutoZone (WKN: 881531) ist der Großmeister der Kapitalallokation. 40 Mrd. $ in Rückkäufen seit 1998, 3.300% Kursplus in 20 Jahren. Jetzt ist das KGV wieder beim 10-Jahres-Schnitt. Aber wie lange hält das Modell bei E-Autos? Diesen Podcast vom 03.06.2026, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hur ska man värdera bolag i allmänhet, och i synnerhet i AI-eran? En konflikt uppstår i poddstudion, där ena hörnet går på kassaflödesanalyser, och det andra på marknadsstorlek och potential. Samtalet börjar i Anthropics rekordvärdering på 965 miljarder dollar, rör sig igenom DCF-analysens styrkor och brister, Spotifys pivot till lönsahet, Plejds resa och varför fondförvaltare sällan slår index – och landar i den stora frågan: hur positionerar man sig som investerare när AI-dimman gör det svårare än någonsin att se mer än tre år framåt? I veckans avsnitt medverkar: Jacob BursellHampus BrodénViktor FritzénLars Jörnow TIDSSTÄMPLAR 00:00 Intro: Anthropic värderas till 965 miljarder dollar – nu mer värt än OpenAI. 00:02 Varför Anthropic vinner: enterprise-fokus, kodmodeller och kommersiell disciplin 00:06 Opus 4.8 vs ChatGPT 5.5 – benchmark vs användarupplevelse 00:08 Att göra DCF-analys med AI: från en veckas arbete till några minuter 00:10 Lars investeringsfilosofi: VC-tankesätt på börsen, sex koncentrerade innehav 00:14 Spotify som case study: unit economics, earnings power och timingrisken 00:18 DCF förklarat: nuvärde, terminalvärde och varför de flesta antaganden är gissningar 00:24 ROIC, cost of equity och vad som verkligen skapar aktieägarvärde 00:26 Plejd – varför Lars äger den och varför småbolagsfonder missat den 00:28 Traumat från IT-bubblan 2000 och vad det gör med en analytiker 00:30 Marknadseffektivitet: Goldman Sachs-anekdoten och Roger Federer-parallellen 00:32 Spiva-rapporten: varför fondförvaltare sällan slår index – och varför de som gör det inte upprepar det 00:34 Greenblatt's Magic Formula 00:38 Peter Lynch: investera i det du känner till 00:40 GoPro och Zoom – tillväxt utan försvarbar position 00:42 Köp-vad-du-använder-strategin: Apple, Spotify och när man ska sälja 00:46 AI-fog: varför det är svårare än någonsin att investera med lång horisont 00:50 Bolag som Loveable – tillväxttakt som tidigare var omöjlig 00:58 Frontier models som cornered resource – värde sugs in i tre bolag 01:02 Google äger del av Anthropic, Amazon likaså – infrastruktur vinner oavsett 01:04 Alphabets värdering: inte dyr när man räknar in tillväxttakten 01:08 Är det en värderingsbubbla eller en vinstbubbla? 01:10 Halvledarsupercykeln – "this time is different" eller klassisk cyklikalitet? 01:14 Det dystopiska vs det utopiska AI-scenariot 01:16 Sverige som energileverantör åt utländska datacenter 01:18 Hur man positionerar sig: S&P 500, Indien, Latinamerika, datadrivna bolag 01:20 Garmin som outnyttjat guldberg – och megakonglomeratens era OM PODDEN Marknaden är en podd om börs, ekonomi och finans. Vi som gör den är Hampus Brodén, Johan Isaksson, Petter Hjerstedt, Viktor Fritzén, Lars Jörnow och Jacob Bursell. Följ oss på X: https://x.com/marknadspodden Hör av er till oss på jacob@monopolmedia.se #marknadspodden #ekonomi #investeringar #DCF #AI #Anthropic #Plejd #Spotify #aktier #värdeinvestering #halvledare #AIinvesteringar

Norske og amerikanske børser når stadig nye høyder, og oljeprisen signaliserer at Iran-konflikten nærmer seg en løsning hvor Hormuzstredet gradvis åpnes. Under overflaten er bildet likevel mer urolig. Anders Johansen og Eirik Torsnes Kveldro tar temperaturen på et marked drevet av én megatrend: kunstig intelligens.De graver i forskjellen mellom en earnings-boble og en valuation-boble, og spør hvordan selskaper som Nvidia får lov til å tjene så vanvittig mye uten at konkurransen tar dem. De ser også på Anthropics ferske børsnoteringssøknad, Alphabets nye «AI-krigskasse», og hvorfor neste rentebevegelse både i Norge, USA og Europa nå ser ut til å bli en økning fremfor et kutt.Til slutt diskuterer de de smale ETF-ene som har steget over 1000 prosent på et år, den rekordlave spareraten i USA, og hvorfor Ferraris nye elbil ikke klarte å måle seg med kineserne.Disclaimer: Podcasten er et markedsføringsmateriale fra Danske Bank. Uttalelsene i podcasten er ikke å regne som investeringsrådgivning eller en anbefaling til å investere, og uttalelsene er ikke et tilbud eller en oppfordring til å kjøpe eller selge et finansielt instrument. Vær alltid oppmerksom på at historisk avkastning ikke er en pålitelig indikator for fremtidig utvikling eller avkastning på en investering. Søk råd hos profesjonelle rådgivere omkring juridiske, skattemessige, finansielle eller andre forhold knyttet før du foretar en investering.

In this episode, I talk with author and researcher Judith Dillon to explore her latest book, Futhark Rune Mysteries: Origins of Magic and Divination in the Primal Alphabet. Judith brings more than 40 years of study into the relationship between early alphabets, Mystery Traditions, language, and sacred symbolism.Together, we explore the hidden lineage of the runes, tracing their possible journey from Egyptian hieroglyphs through Phoenician and Semitic writing systems into northern Europe. Judith reveals the runes not just as letters carved into stone or wood, but as magical symbols, spiritual portals, and initiatory tools connected to divination, myth, transformation, and the deeper architecture of reality.We also dive into Norse sagas, runic poems, the Egyptian Book of the Dead, and the ancient understanding of passage through life, death, and the afterlife. At the heart of this conversation is the mystery of language itself: the idea that alphabets may have been far more than practical systems of communication, carrying encoded wisdom, ritual power, and secret knowledge about the soul's journey and its return to the light.This conversation opens a doorway into the living power of symbols and the ancient belief that language itself could shape reality. It is a journey through history, mythology, magic, and the sacred codes hidden within humanity's earliest alphabets. An incredible episode... Drop in!https://berkeley.academia.edu/JudithDillonJudith Dillon Bio:Judith Dillon is an author and researcher whose work explores the relationship between ancient alphabets, sacred symbolism, runes, oghams, Hebrew, Phoenician, and the Western Mystery Traditions. She holds a degree in Near Eastern languages and anthropology from the University of California, Berkeley, and has spent more than 40 years studying the hidden spiritual and esoteric dimensions of early writing systems. She is the author of Alphabets and the Mystery Traditions and Futhark Rune Mysteries: Origins of Magic and Divination in the Primal Alphabet. Hosted on Acast. See acast.com/privacy for more information.

Schmetterlingsflügel mit den Buchstaben unseres Alphabets. Für Helmut Nagel ein Zeichen für das Wunder Leben, das uns der Schöpfer gibt.

The Great private Capital Reset is upon us. Markets are volatile and driving new economic imperatives. Are VC funds still VC funds, even if they raise billions per fund? What happened to the rest of the market? What is driving VC investments? What do Limited Partners think? What is on their minds? This and more, in episode 76 of Tech Deciphered. Navigation: Intro The State of the Reset: The Hangover from the Party? LP Fatigue and VC Differentiation What Really Matters: Performance.. Returns The Mega Fund Question The Case for Smaller… Rightsized Funds What Comes Next? Conclusion Our co-hosts: Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder of App Annie / Data.ai, business angel, advisor to startups and VC funds, @bschmitt Nuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedro Our show: Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news Subscribe To Our Podcast Bertrand Introduction Welcome to episode 76 of Tech Deciphered. This episode will be about the great private capital reset. As you know, or you have probably heard, there is significant structural transformation in the world of venture capital, and we are probably witnessing a fundamental reset of the private capital stack. We got a huge bubble in 2020, 2021. Fueled by near-zero interest rates. We got inflated fund size, compressed due diligence, and now a generation of zombie funds and zombie startups. Now that rates have normalized, exits have not been as much as expected. LP patience is a warning sign, and I guess the industry is being forced to confront an uncomfortable truth: most VC funds raised since 2017 might not return what their LPs expected. You know, how do we start?   Nuno This is going to be a relatively nuanced episode. Obviously, there is going to be a lot of haves and have-nots, both in terms of VC funds, also in terms of startups. And so I want to start with that. This is going to be more nuanced than all transformational and disruptive.   Bertrand It’s not the end. It’s not the end.   Nuno State of the Reset: The Hangover from the Party? It’s not the end. There’s still huge mega funds that are raising more and more. It’s clear that the music has stopped, right? So if we’re playing the game of chairs, the music has stopped. Around ’22, ’23, we started seeing the first signals that funds had raised way too much money. Firms collectively raised around $669 billion globally in 2021 alone. If we fast forward now to last year, 2025, depending on the sources, we did some internal analysis at Chameleon. We came up with $75.6 billion was raised last year by 493 funds, right? So That’s a significant drop, right, in terms of fundraising. Other sources would say a little bit more. There’s a little bit of a discussion around how much did the top 30 funds capture. If you believe some of the stats out there, they would say that actually top 30 funds captured 75% of all capital raised last year. We did again some internal analysis at Chameleon, and the conclusion we came to, it was closer to 50 to 55%. So not as dramatic as some of the sources out there, but still pretty dramatic. There’s a lot of capital concentration on the top funds. Again, the top 30 funds would’ve raised 50 to 55% of capital or up to 75% according to other sources. So definitely a tremendous amount of concentration. There was a lot more fragmentation in terms of capital raised if we’re looking at the years from 2010, 2011, all the way through 2021. So 2021 would’ve been sort of the peak of non-concentration if you look at that. And that again, now we are getting more and more concentration. There’s more and more of this arbitrage around, I’ll give money to the top funds, I will not give money to the smaller funds, or I’ll give less money to the smaller funds. There’s a little bit of a movement around concentration. We’ll talk about it later and what that means. Are mega funds really better? Are the small funds still the way to go? We’ll talk a lot about that later in today’s episode. There seems to be a little bit of a bifurcation. We could say it’s either bifurcation around top-tier VCs or larger VC funds versus smaller VC funds. My perspective is the bifurcation that we’re seeing right now is more of a bifurcation between funds that are no longer just stepped into the VC space, but they’re actually becoming more and more private equity firms with full asset management range from early stage all the way to late stage. Think of it almost like a private equity hedge fund, quasi, versus classic VC funds. And I think what we’re seeing is the Andreessen Horowitzes, the a16zs of the world, the NEAs, the Sequoia Capitals, just to name a few, becoming more and more broad asset class managers across private equity, whereas you have more classic VC happening in earlier stages. And so that’s the real bifurcation that I think is actually happening.   Bertrand And maybe not really hedge fund, because they are always still long-only funds. So there is no hedging happening, at least as far as I know.   Nuno Well, some of these guys have become RIAs, like A16z has become an RIA, so they can do secondaries.   Bertrand That’s true. Yeah.   Nuno And they can also sell stuff, etc. So I don’t know how aggressive they’re going to be in terms of secondaries and selling and actually doing other kinds of services you can do if you’re an RIA. But it’s not, I think, out of the realm of possibility that they would sort of acquire and sell stock more rapidly. In that way, to your point, Bertrand, maybe they actually become beyond just long guys, right?   Bertrand Yes. Another trend I have seen is some of the larger VC funds seems to have no problem investing in multiple competitors. This was not possible before. I mean, if you’re a VC fund, you had some sort of duty not to invest in the competitors, but now some invest OpenAI, Anthropic at the same time. Do you see that as part of this evolution?   Nuno For sure. And I think there’s a lot of people like the ostrich putting their heads below the ground and it’s like, “Eh, no, no, nothing to see here.” But that does constitute a conflict of interest. And if I’m a startup raising, this assumption that you will not invest in one of my competitors is no longer there, certainly for the mega funds, because of that notion of deployment of capital. Now, some funds will still hide under the notion, actually formally from a fund perspective, we’re not investing in competitors. It just happens that different types of our funds are investing in competitors. Like maybe my growth fund is investing in a competitor to my early stage fund, right? But our funds are relatively independent. So I think there’s a little bit of hide and seek that will go on if you talk to some of the fund managers. Well, they say, well, we’re not investing out of the same fund into these competitors. But between you and I, as we know, a lot of these partnerships actually do a lot of stuff together at the general partnership level. So are there really actual Chinese walls between the funds? Well, it really depends on the partnership. And to be honest, most of the partnerships don’t have very significant Chinese walls between the funds, right? The managing general partners sometimes actually occupy investment committee roles across different funds. So I think the conflict of interest is there. So that’s why I say there’s a little bit of ostrich behavior. Put your head behind the ground or below the ground and just pretend nothing is happening. Just sharing maybe a couple of interesting stats. Global fund closings for 2025, according to our numbers at Chameleon, 1,098 closed. In 2025. Closed is when you start deploying capital, right? Whereas— so it’s not closed down, it’s closed like we start deploying capital. And that number, 1,098, is dramatically down from 1,600 in 2024. And it’s actually the lowest number of closings that we saw since 2014. So again, this is bad, right? It means there’s less funds doing fund closings and deploying capital in the market than since 2014 and dramatically below the 2024 numbers, right? Where we already saw some market readjustments. The number of active VC firms in the US that did 2+ deals, which is not a huge bar, has dropped 38% back to numbers in 2023. So we don’t have numbers that are a little bit more up to date, but basically in 2023, those numbers are already dramatically dropped. So there’s less and less active funds. So there’s funds that might be in the market, but they’re not actually deploying that much capital, not doing that many investment. They’re sort of either zombie funds or relatively passive funds that have passed their investment period. For those listening to us, the investment period for a VC fund is normally between the first 3 to 5 years of the fund, which is when you build your portfolio, when you can invest in new companies. After that time period, everything that you do up to normally what would be year 10 is follow-ons. You put more money into the companies that you’re already invested in, that you already constructed portfolio with during those 3 to 5 years.   Bertrand Yeah, that’s a pretty scary change. And obviously, I guess we’ll come to it, but the time it takes to fully liquidate investments is getting longer and longer. In the old days, we used to talk about VC funds having a 10-year life, maybe a +1/+1 in terms of extension of the fund life. But it looks like it’s taking 16 to 18 years actually to get full liquidity from a fund investment.   Nuno LP Fatigue and VC Differentiation And I think that’s the scariest piece. I mean, just to share some numbers, we in venture capital talk about vintages, right? Which year did your fund start in? Normally when you did your first close onto the fund, as we were saying before, close is when you get all your investors at that moment in time to come in and you do your first close so the next fund starts running. 2018 vintage funds, right? This is now almost 7 years ago. So you should start having— actually 8 years ago almost at this point in time. You should start already getting distributions or you start getting cash back if you’re a limited partner and investor in those funds, you should start getting cash back. Half of all 2018 vintage funds have returned $0 to their LPs. So they’ve had no distributions to their LPs. 2020 vintage, which was a very hot vintage, only 42% have begun any distribution. So 58% have distributed $0, right? 2021, only 25% have done any distributions. Now, I happen to have a 2018 vintage fund and a 2021 fund. My 2018 fund has already distributed over 3x net of fees in distributions, and my 2021 fund’s already over 10% distributed back in distribution. So we’re very proud of that. But in general, the numbers are awful. There’s no liquidity back to LPs. And to your point, that’s kind of a big deal because some of these funds have been going on for 7, 8 years, and where’s the liquidity going to come from? On the other hand, if you look at TVPI, so DPI is distributions to paid-ins cash on cash. But if you look at TVPI, which is total value to paid-in, which also includes the book value or the value that you’re marking it on your books, basically the paper value as we call it for the company, even on that, the median 2017 fund, so 2017 vintage fund has a TVPI, total value to paid-in, of only around 1.76x, which is well below what should be, which is sort of the 2 to 3x benchmark of a really good performing fund. So the median funds are doing very, very poorly overall. So if you add that to the fact of what’s happening and distributions are taking a long time, back to your point, Bertrand, it’s taking like— this should be a 10-year asset class, maybe 11, 12 years, and now it’s looking a little bit like a 15, to 18-year asset class, which is not what most limited partners sign up for. Part of this dynamic, I think, is that we’ve had tremendously overvalued private companies over the last few years, right? Secondly, these companies have just stayed private longer. And I was having a discussion recently with a friend of mine, it’s like, hey, what’s this thing about companies are staying private much longer? Is there some dynamic around secondaries? And the reality is there is a dynamic around secondaries, right? Because if I’m a very large fund and I can get away with doing secondaries on my portfolio, I will get liquidity at some point, right? But someone else is stuck with private stock, which hopefully will IPO, but who knows, right? And so there’s this funny dynamic right now of because of secondaries, because of a couple of other things that are happening in the market, actually a lot of these startups are staying private for tremendous amounts of times, and some of them will IPO and they’ll be huge deals. Some of them might not and might not warrant the latest private valuations that they’ve exercised. And so there’s this tremendous noise that we’re seeing in the mid to late funnel of privately held companies where some are just waiting to be public. Some of them might not be able to go public at anything that is an up round versus private valuations that they’ve had in previous moments and in previous rounds.   Bertrand And obviously the 2 to 3x returns that funds are targeting, and obviously more 3x than 2x, I mean, that was good and nice if it’s a 10-year fund, but if it’s the same 3x for 15 to 18 years, it’s not at all the same rate of return annualized. So it’s a really, really, really big issue if you keep the return the same, but you extend the duration of the fund. Concerning going IPO, there is a lot of complexity going public, the IPO process itself, but also after that when you’re a public company. It changed how you can run the business. Some would argue that we have had an issue with more companies delisting than companies listing on the public market. So I think there might be also separate issues about the efficiency of the public market and maybe a need for change. We went very strongly in one direction for the public market, have post and run, but was it really ultimately the right thing to do? I’m actually not so sure.   Nuno Yeah, I mean, just to be clear, this is anecdotal, but when we tell prospective LPs at Chameleon about our returns, the last few funds, 2018, 2021, the first reaction is, “You must be lying, right? Surely you can’t have distributions already for 2021,” et cetera, et cetera. So clearly there’s almost a state of disbelief right now from limited partners. And liquidity does matter. So clearly you have to move forward. So how did we get to this point where we had this bubble 2021 all around that time space and now things don’t look so good. Well, the macro conditions have changed dramatically. I mean, rates when they were near zero, safer assets yield nothing or yield nothing. So basically you had to push capital into longer duration risk assets like venture capital. And so you had to push it. So the opportunity cost of capital also has fundamentally shifted. Obviously a 3x VC return in 15 years over 10 actually competes very poorly against 5% annual credit returns over several years. So there’s been a readjustment of stuff. And then the public equities in particular, the tech public equities have had a lot of volatility, but some of them have done extremely well, right? Chipsets, things like NVIDIA, the Amazons of the world, Alphabets, et cetera, et cetera. They’ve done very, very well. So why would I invest in a long-term illiquid asset that takes now longer to give me money back, and in some case doesn’t give me back, if I can invest just in public equities, and a variety of other things. The venture debt costs have increased dramatically. The burn rates that were sustainable back in the day with sort of the addition of venture debt, private credit, et cetera, now are overblown at this moment in time. At the end of the day, there’s been a lot of movements also overall in the pipeline in terms of valuations, et cetera, et cetera. Now, I would put a grain of salt into all the numbers I just told you. There still is a little bit of the haves and have-nots in startup land. Certainly in early stage where if you’re a hot AI company, you can get away with raising a Series C or $480 million. This is actually a true story. Series C, right? Not Series C, a $480 million at $4 billion pre-money valuation. Whereas if you are maybe in a space that’s less hot, you’ll have more difficulty in raising money at this point in time, might not be able to even raise a Series C, right? So there’s a little bit of the haves and have-nots happening on the VC side in early stage that has been really amplified by the macro regime and where we’re at, which is actively zero-rate era is done and now the new regime is quite different. And so I can get better returns by doing something else.   Bertrand Kind of makes sense. I mean, if you have some ways the SaaSpocalypse in the public market because there is that fear that AI is going to completely change the game for especially for the more typical software companies. Good luck raising private money to quote unquote just build traditional software companies. You cannot expect a warm embrace from the private market if the public markets are completely destroying that category. I’m not saying that this is there forever, uh, things might change over time, but for sure what’s happening on the public markets always have a very strong impact on the private market.   Nuno Indeed. So what’s happening in this relationship between limited partners and VCs, the general partners? Again, limited partners are the people that give venture capital firms and venture capital funds their capital to actually deploy. And they are a variety of different players, right? Could be endowments, like university endowments, pension funds, family offices, very high net worth individuals, fund of funds, et cetera, et cetera. I mean, in particular, if you look at the institutional investors, the endowments, the pension funds, the fund of funds, they have allocations that they do to different asset classes typically. And the feedback that we’ve received from the market is they are increasingly frustrated with what’s happening in terms of distributions. They’re not getting capital back. It’s like, I gave you capital 8 years ago, 9 years ago, 2017, 2018 vintages, and I’m not getting any capital back. So what the hell’s happening? On paper, it looks maybe the fund’s doing okay or it’s doing great in some cases, but where’s my money? And so that creates a little bit of wait-and-see kind of game on portfolio allocation. As we’re thinking through their re-ups, putting more capital into funds that they’re already actually put capital or putting in capital into new slots, into new fund managers that they want to put money into. They’re like, well, let’s wait and see. I want to get my money back or get some money back first before I redeploy it. Again, this is a little bit the haves and have-nots because we’ve seen, for example, a couple of top-end LPs in terms of returns that have a little bit the opposite problem, right? Because they are into funds that are performing extremely well. They actually are over that period and they want to actually redeploy. But to be honest, the average in the industry right now is a wait-and-see game. It’s like, I want to wait and see, which leads to what can only be characterized— I was hearing someone the other day, one of the top advisors in the LP community, saying this is the worst fundraising environment ever for venture capital. Not the last 20 years, 30 years, like ever, right? Since this became an asset class more institutionally in the late ’60s, early ’70s, Pulse Robo 2 as it was created, this is the worst fundraising environment ever. Oh, wow.   Bertrand And concerning TVPI, let’s not forget that typically it’s not mark-to-market. So the metrics in terms of TVPI, correct me if I’m wrong, you know, but the metrics in TVPI are based on typically the last fundraise. So if the valuation went down but there was no additional fundraise, we wouldn’t know by looking at the TVPI metrics. It will only be updated if there is a new Financing, equity financing, or an exit.   Nuno Yeah, normally most funds act like that. Some funds are a little bit more aggressive and do do mark-to-market, but normally funds would be conservative and say, hey, I’m being conservative, it’s whatever is the last known valuation of the company. And if there wasn’t a priced round, it’s a little bit more obscure than that, right, Bertrand? Because it might actually be the company has raised money on a note, or either convertible note or a SAFE note, and that wouldn’t count as a priced round. So I would say actually, even if it was a cap that’s below with a significant discount, I won’t recognize the assets as a down round. I won’t recognize the asset with a lower valuation because formally it wasn’t a price round. So it’s on the one hand conservative, on the other hand, it’s only relating to price rounds or exits to your point. So it’s sort of, you can be like, hmm, well, we opt to do that because we think it’s actually the most conservative route. Mark-to-market is extremely difficult to do. And who would do the mark-to-market for you, right? It’s like it’s some valuation firm, et cetera.   Bertrand I’m not saying a mark-to-market is easy, but I’m not sure I would call using the last valuation something conservative in the context that most startups will fail. So it’s not clear.   Nuno Well, in some cases it is, some cases it’s not, right? Depends on the startup situation, to be honest. Yeah, yeah.   Bertrand But yeah, at least that’s how it’s done. So for instance, to evaluate the impact of the SaaS apocalypse, it’s tough to know. We will have on the private market. I mean, we will see that in a few quarters. Because if companies still exist in that environment, if they still do additional truly price rounds after that, that’s when I will start to know.   Nuno I mean, just to share a little bit more data, like VC fund close time stretched to 15 months. Basically, it’s just taking a long time to raise money. It’s taking a long time to do your first close, get your fund running. When entrepreneurs complain to me that their fundraising is difficult, I always say, you have no clue how difficult it is compared to ours. First-time funds have collapsed. We had some numbers that only 77 first-time funds actually closed. I assume this is in 2025 versus 215 in 2023. So that’s a huge number. We did some internal analysis on our side and we did some analysis that emerging fund managers, emerging fund managers are normally people that are in their first one or two funds. Basically emerging fund managers gained some ground until 2017. Reaching by then a slice that was 63.7% of all capital raised in 2017. But since then, the capital deployed to emerging managers has been largely reduced to actually 24.2%, right? So it’s gone from 63.7% in 2017 to 24.2%. So this has been a culling of sorts on emerging managers and almost like a slaughterhouse of emerging managers. Compared to previous situations, which is obviously incredibly concerning if you’re an emerging manager starting your VC firm, et cetera, et cetera. So really tremendously problematic for those. We think capital’s not leaving VC. I think we see a lot of the institutionals saying— there’s some numbers as high as 33% of institutional investors plan to invest more in venture in the next 12 months. So I don’t think capital’s leaving VC. I think it’s really concentrating. We’ll come back to the concentration issue later in the episode. And part of that concentration comes from a topic that has been widely spoken in venture capital recently, which is differentiation. How do you differentiate in venture capital if you’re talking to a limited partner, right? How does my firm differentiate versus the firm next to mine? And that’s incredibly, incredibly challenging. Bertrand, what are your thoughts on that?   Bertrand Differentiation is always a question. I mean, if you’re an entrepreneur, Typically, you think fully about the best possible partner for your stage and for your type of business model. You want a VC who understands fully your business model, because if they don’t, then it’s going to be troubled down the line. But that’s true that another piece of the puzzle is that the best VCs help you get more visibility in terms of achieving potential customer deals, in terms of attracting the best talent. And that’s where VCs’ brand names can help. If you can say you have backing by some of the top, most visible names in the industry, and usually these are the mega funds because others have trouble to be as visible, then they have some sort of unfair advantage compared to others. So I can see that there is some level of concentration happening naturally, especially in the later stage from Series B onwards.   Nuno What Really Matters: Performance… Returns Yeah, I mean, we did some analysis internally about What are the top funds that invested in the top performing companies in early stage, Series C, Series A? And we looked at it by size of fund and the top performing normally are funds below $100 million, but in some cases very closely followed by funds between $100 and $500 million. And actually funds above $500 million, so $500 million to $1 billion and then $1 billion and above are actually tremendously underperforming. So this notion of the industry that says, well, the mega funds still see The top investments early on, because they still deploy in Series C and Series A opportunistically, in some cases even spray and pray if they have their own incubation and acceleration programs, is not true. Actually, we verified that over the last 12 to 13 years. It is not 12 to 13 years in vintage, right? So up to a 2021 vintage fund. So we went basically 12, 13 years back from there. And it’s not true. Actually, the most performing are 0 to 100 and then 100 to 500. And as I said, there’s 100 to 500 in a couple of years actually are a little bit better. Than the $0 to $100 million ones. So that’s the first thing that’s a conclusion. And actually, that’s not shocking. If we remember back in the day, Kleiner Perkins used to raise funds up to $600 million, Benchmark raised their $425 million funds. It seems like the sweet spot for a VC fund would be around $500 million at the top end, like maximum. And now somehow people are saying, well, I’m raising a $3 billion VC fund. It’s like, well, it can’t be a VC fund. The return profile is totally different, right? You can’t deploy that capital just based on early stage investing. And by the way, you’re not seeing the guys at early stage, all that you’re seeing, you’re going to make your returns in mid to late stage, right? Back to what we said at the beginning of the episode. So there’s a little bit of the haves and have-nots there. The big guys are raising more and more money, but they’re no longer venture capital. And I think limited partners that are a little bit more evolved, that are a little bit more conscious of this, that have been in the market longer, are realizing that shift. So it’s like if they want to have the alpha of venture capital, they need to deploy to the sub-$100 million funds or the sub-$500 million funds, right? That’s where they need to actually focus their VC capital. They can still deploy to mega funds, but they’re deploying to a different asset class. They’re deploying to a private equity, mid to late stage asset class, which looks maybe a little bit more like a growth fund or something like that. The second part of differentiation is the honest truth is most VC funds are like, I have proprietary network access, right? I’m ex-Stripe or I’m ex-Google or I’m ex-Facebook or whatever, and I have access to that. I mean, we know proprietary networks from that standpoint are no longer true. The whole thing that created Silicon Valley back in the ’70s of what I used to call the country club deals where there were a few people coming out of the big companies, the Fairchilds of the world, later on the Intels of the world, et cetera, et cetera, that made some money along the way that sort of bootstrapped their next companies, were well-known quantity to the existing VCs and raised money relatively easy on ideas, that doesn’t work anymore. Someone was telling me the other day one interesting thing that I wasn’t quite aware of, a lot of it had to do with the NDAs. I don’t know if you knew this, Bertrand, but like the fact that in California, it was sort of the Silicon Valley community sort of imposed this, we don’t sign NDAs thing and Boston continued signing it. And this whole NDA enforcement issue and non-compete, actually not the NDA thing, but more strongly that California did not enforce non-competes. I could leave Fairchild and start a company that magically was doing something that could be considered competitive to Fairchild. And that was sort of part of the acceleration actually of venture capital in California versus, for example, Boston, which was sort of hand in hand at the beginning.   Bertrand Yeah, I mean, I’m a big, big believer in California success coming from not enforcing or banning non-compete agreements. I think it’s a key part of the game. If you lock people into not doing something similar in the next 6 months to 24 months. And the industry has always been moving fast. So this is a significant time where you are blocked to do something very similar. I think it was really an issue. So I think it’s a key part of the game and it has been there. I don’t know how it started, but I think that non-enforcement of non-compete has been a key part of the success of California. I’m actually pleased to say that Washington State is going in the same direction. They are just signing a non-compete ban. And you might remember that at the federal level, I think in 2024, there was also a ban that was put in place to ban non-compete, but this has been reversed by the courts. So this is not there anymore. So that’s why we see a state like Washington State putting their own ban, and we might see more state by state moving in that direction. I think it was not helping at all, this non-compete. I mean, there is obviously stuff that needs to be done, like you cannot steal secrets, you cannot steal IP.   Nuno Yeah.   Bertrand Even stealing employees, there should be some restraints. We need to find the right balance, but you have to be careful there. That was key for the success of California, and I’m glad to see that this is a trend that’s going to go beyond California. And I hope most states will have a ban on non-compete.   Nuno Maybe just to close on the differentiation process, two things. One, I think there’s this notion When you talk to some LPs, that seems to be a little bit ingrained, some LPs that prefer specialized funds. We’ve also done some significant analysis internally and have talked to a couple of datasets other than our own, or people that own datasets other than our own, and the feedback has actually been not so fast. Actually, generalist funds over time cannot perform specialist funds. There seems to be a little bit of a sweet spot around generalist funds. We like to call ourselves multi-specialized at Chameleon, but ultimately from the perspective of specialized versus Generalist funds, the picture’s not as clear as specialized funds outperform generalists or generalists outperform specialized. We’ve seen there are pockets where actually generalists outperform specialized, in other pockets where specialized of a certain size can outperform generalists. So that’s one topic on differentiation that is a little bit broader. And then the final topic on differentiation, it’s really an industry that hasn’t innovated dramatically on where it creates the most value, which is really the picking stage, right? So it’s having great deal flow, very optimal, productive, efficient due diligence with very few resources and the ability to then get into those deals. That’s where most of the value is created. And then hopefully liquidating the asset if there’s an opportunity to do so at the right time, either through secondary trade sales or an IPO or something else. And what we’ve seen is the industry has innovated very little. I mean, the only thing I could point out in terms of core innovation at the top of the funnel has been the creation of the mega funds, the well-known funds, right? Like a16z, Union Square Ventures, et cetera, et cetera. But there needs to be more innovation on that cycle. And that’s why we certainly at Chameleon believe that the future is to have quant and AI-native VC firms that develop their own tooling, their own platforms. We have Mantis in our case that allow you to have this unfair advantage in how you source deals and how you do due diligence, how you get into the deals, et cetera, and how you take it to the next level. And we think that’s the beginning of the next stage is that the industry becomes more tech-enabled, shockingly enough, an industry that has made all its returns on tech or almost all of its returns on tech. That we need to be more tech-enabled ourselves. But I think the writing is on the wall there, and that will be a source of differentiation certainly over the next 3 to 5 years.   Bertrand One thing the industry has innovated somewhat and maybe could innovate even more is providing liquidity beyond trade sale and an IPO, because it’s clear that if VCs want more liquidity without waiting 18 years, you need that liquidity at different stage, not just when it’s time to do an exit, a full exit for the business. And for employees as well. I mean, it’s one thing to stay for a company for 4 years, which is your typical vesting. Maybe you extend that to 6 years, to 8 years, you have a great time at the company. But to think that maybe you have to stick around for 15 to 20 years in order to get liquidity on your stock options. I mean, that’s too much to ask for most people. I mean, people have a life, they have other things to do, other plans, they might want to move, they come at a different stage of life. So you need to provide them liquidity. The new game is we are not going to exit until 15 to 20 years, else it’s truly unfair. It’s not just unfair, but people will say, you know what, I’m going to go across the street, go work for Amazon or Google. I will have RSUs at best regularly that are liquid, and why bother? I mean, we need to find pathways to liquidity for both investors but also employees. There has been a change in that direction, but I think we need more of this change, and maybe not just reserved for the absolute biggest, most successful companies like OpenAI or SpaceX, but also us as well. Hopefully we can find a way.   Nuno Well, now we have these AI companies that actually grow so fast that they will IPO in one year. Now, isn’t that what’s going to happen? They raise They raised $500 million in Series C or $1.4 billion in Series C, and they’re going to IPO in 2 years. No? Is that not the new reality? I’m being facetious.   Bertrand At the same time, I mean, there are rumors that some of them are going to IPO this year. I mean, we talk about OpenAI, about Anthropic. I mean, OpenAI is quite old, but Anthropic is a relatively new business, quote unquote. So I think it’s a good time.   Nuno The Mega Fund Question So maybe it will be true after all. Moving to the next section, are mega funds still venture capital, Bertrand? Are they still venture capital funds?   Bertrand Yeah, I guess venture capital is a term that can encompass from small to very big funds. I truly don’t know. I mean, once you reach a growth stage, are you truly a VC fund? I don’t know. I think some of these definitions are kind of arbitrary from my perspective. What is clear is that you as a business need different providers of capital. And as we just discussed, you as a business, probably need to keep going and stay private for longer. One reason being, again, there is a tremendous cost to being a public company. There are some true strategic disadvantages. And at the same time, just practically, I mean, you need to get bigger and bigger in order to have a chance of a successful IPO. So you cannot just go IPO at a $500 million valuation. I mean, that’s like committing suicide, at least in the US market on NASDAQ. So my point is, you truly have no choice. You need to extend and If you need to extend, then you need to have capital providers that are there at later stage and therefore have more money. Is it still true venture capital? Is it true venture? I don’t know. At some point, it makes sense that from the startups to the capital providers, everyone adjusts to a reality where the life cycle is getting longer.   Nuno We don’t think it is. We don’t think mega funds are venture capital. We have actually some data that shows that they’re not in terms of actual returns. The alphas you can generate, the IRR that you can generate is actually not comparable. We did some analysis again with some of our datasets and from 2012 to 2022, so that’s the datasets that we used so that we had actual distributions and stuff we could take into account and so on and so forth. And looking at IRR, just to share some numbers in terms of IRR over those 10 years on sub-$100 million funds versus above $1 billion funds, the differences are incredibly stark. And this is true for global and US IRR, right? So just to quote some numbers in terms of average, sub-$100 million funds, global IRR of 22.9%, US IRR of 21.6% versus above $1 billion, 9.1% and 9.0%. Median IRR, if we just looked at median, 7.3% and 16.6% for sub-$100 million funds, 7.5% and 8.1% above $1 billion. Top quartile IRR, sub-$100 million, 31% versus 30.4% US IRR. And then above $1 billion funds, 14.7%, 15.5%. So it’s very clear if you sort of cut this in different ways, averages, medians, top quartiles, et cetera, over all these years that sub-$100 million funds are in a very different asset class than above $1 billion funds. They’re in different alpha that you can generate and so on and so forth. Now to the point you made, Bertrand, I don’t fully disagree with the point you made of the bigger funds should become bigger. I just think they’re becoming different things. Now, again, some of these funds will hide under the facts like, well, wait a second, we have all these assets under management, but they’re over different funds. Sequoia, we’re still raising small early-stage funds, $500, $600 million funds. And then we have larger funds for growth, et cetera, et cetera. Andreessen Horowitz, a little bit less clear what they’re actually doing. We heard that they’ve raised $15 billion across funds. I’m not sure if that’s the exact number at the end of the day. But the point is, if I’m a multi-asset class manager, like early growth, et cetera, et cetera, then it still applies what Nunu is saying. I’m still going after the $500 million, $600 million early-stage funds. Well, not so fast, right? Because you still have all this capital with managing general partners that are maybe across funds for which their incentives in particular, both carry and management fees are coming from the larger funds. Et cetera, et cetera. So there’s necessarily conflicts of interest. In many cases, the funds are just straight up big, right? And so they are above a billion. And so I don’t think a lot of these guys are in early-stage investing anymore, right? It may appear that they are, but I don’t think that’s where the returns necessarily are going to come from. And so if you are a limited partner, if you’re looking at your asset class allocation, again, you’re absolutely free to put money into mega funds because that’s the kind of asset class you want to play in. In terms of a blended private equity asset class that has a little bit of growth, a little bit of whatever, or actually a lot of growth, a lot of late stage, and maybe a little bit of early stage. And I want something that’s a little bit more blended, right? But if I still want the alpha venture capital, I need to deploy to funds that are early stage, right? And that’s like up to $100 million, up to $500 million. I think that’s my two cents on that topic. We see crossover things coming around, like guys who do both public and private markets. Again, that starts feeling a bit like a hedge fund. A lot of these funds have also become RAs, as we discussed earlier. So I feel the writing’s on the wall. The mega funds are going more and more after either some mechanism of edging or a mechanism that’s a little bit more blended in terms of private equity than classic venture capital.   Bertrand Yes, I think a few things. One, if you’re an LP, I can imagine that dealing with multiple $100 million funds might be more difficult. You, you need to know the partners, you need to have some background, uh, visibility. You need potentially to change regularly of VC investments. So I can see some level of simplicity if you just focus on the bigger ones, especially if you have a lot of assets you have to put to work. Another piece of the puzzle, I would guess that the bigger funds are able to return money faster because they are at later stage of the cycle. So instead of that 15 to 18 years, maybe they are more in a 5 to 10 year range, while the smaller funds being there more early might be the one who are taking longer to deliver. So I can see that Yes, there is an IRR picture, but there is also time to liquidity that is not the same. So that can probably also influence. And in terms of crossover PE hybrid model, I mean, for sure we have seen some of the public equity investors doing crossover, meaning going into private equity firms like Coatue, like Tiger Global and others. And for companies that are preparing for IPO, there is a lot of value to work with these firms because they have very good visibility and understanding of the public markets. And their presence in the cap table is also a sign of quality, typically for public market investors. So there is a lot of value and logic for them to be there on both sides of the puzzle. But again, the fact that firms keep delaying IPOs, that the market is not so much startup-friendly, makes this model a bit more difficult. But personally, I think there is value there.   Nuno Yeah, I think on the mega fund, just so that I’m not boo-booing everything, I mean, but there’s definitely angles in terms of the asset class that make a lot of sense. And there’s the scalability of the model. The ability to go after Series B, Series C, as well as mid-stage, as well as late-stage, even secondaries over time, to your point, in some cases even public equities. And that level of skill I think matters. We’ve also seen, as we’ve known, we won’t mention any brands, but people will know who they are, that late-stage hedge funds and investors, even if they’ve done okay-ish in growth in private equity, don’t necessarily do well in venture. So it’s clearly a very different asset class, right? So once you start getting venture teams together, The returns are not quite the same. Actually, sometimes they’re not even quite the same as the growth investments. So clearly they’re very good at the growth side, but not so good in early stage. But definitely there is a case for it. The Case for Smaller…Rightsized Funds But if we switch gears maybe to the small, or I would call right-sized funds, maybe just to quote a couple of numbers and then open up the discussion. Small funds do seem to outperform larger funds. There’s a lot of data in the market that shows some of that dynamic outperformance frequency. All the Very historical numbers from Cambridge Associates from 1981 to 2010. 19 out of 30 vintages were won by sub-$150 million funds. We did our own analysis as I was sharing before. Funds between $0 and $100 won most years between around 2010 and 2021. And the years that they didn’t outperform in terms of investing in the top-performing companies in early-stage Series C, Series A, they were outperformed by the $100 to $500 million funds. The $500 to $1 billion funds and $1 billion or above were never even in the same league in terms of performance, of having identified those top performers in terms of quantity over those early-stage investments. Top 10 funds by vintage, 2004 to 2006, 2016 numbers. Top 10 funds, 73% were sub-$100 million. 2004 to 2016, top 10 funds by vintage, 73% of those were sub-$100 million. So there seems to be a little bit of a case that actually smaller funds, sub-$100 million, sub-$500 million in some cases, are outperforming the larger funds over time. Now, these funds are complex in and of itself. The positive of it is small fund GPs like myself, we are deeply invested in our own funds. We’re not there to just make management fee monies. I mean, we’re not making $1 million, $2 million a year in management fees of salary ourselves, like some of the larger funds. So we are there to really get the carry and be less focused on management fees. And so I think there’s a little bit of alignment around that and really taking that kind of perspective on portfolio construction and liquidation, being also more aggressive on the individual time that we spend with our startups. On the negative side, obviously a lot of these smaller funds, not the case of Chameleon, but others out there are single GPs, very little teams or very small teams. And so it’s sometimes difficult to actually do a lot for portfolio companies as well. And this is where the mega funds, for example, a16z notably would say, hey, we have 600+ people that can support you, right? On market development, business development, communications, talent recruiting, all this stuff. Question mark whether that’s the right way to do it in terms of operating model, if technology is not a better way of supplying that value back to your portfolio companies, or if there’s no better way of doing it. But still, that’s one of the appeals of actually dealing with a larger mega fund if you’re a startup, right? That they will have the resources, also the financial resources to put more capital in you. But also, again, if there’s entrepreneurs listening to this right now, and hopefully there are, it’s a two-edged sword, right? Because if you have Andreessen Horowitz putting money in you, or NEA, or General Catalyst, or whatever, putting money in you on a Series C and then not doubling down on the Series A or the Series B, there will be questions, right? Because like they have the capital, they have other funds, so why the hell are they not putting more money in? Um, so, so it’s a little bit of a two-edged sword.   Bertrand Yeah, I think that one is a pretty big one. And on top of it, as we discussed, some of these big firms have multiple funds managed technically by different teams. So you might have convinced the early-stage teams, they have investors, they’re happy, but you don’t convince the growth-stage firm. As you say, it might raise questions because people might think that there is some communication between the early-stage team and the growth-stage team. So why the heck are they not deciding to invest? And as we also discussed, even worse possible situation, what happens if the growth-stage team has invested in your competitor? It’s even more trouble. So I think trying to understand how firms behave, what’s the reputation of the firm, what’s the reputation of the partner you are working with, I mean, can have tremendous importance and impact. When it’s time for you to work with a firm.   Nuno Indeed. I mean, at the end of the day, we still believe that the smaller fund— we at Chameleon discuss the notion that our limit should be $500 million per fund, right? And that’s the logic of it. We think that model is the model that works well in venture capital. We do recognize, as I said before, why mega funds keep raising more and more money, right? It becomes a harm’s race at that end of the market. As I said, probably a slightly different asset class, or if not a significantly different asset class as well. So seeing a little bit both sides of the market, I mean, we often compete with the mega funds, but honestly, a lot of the mega funds are kind to us and they let us in. And this whole notion of elbows out, we haven’t felt it that much in the market. And people see our value at the table. And in many cases, I, I do see the larger funds more and more seeing the value of smaller funds coming in on the same rounds and even in some cases co-leading early stage rounds like Series C. So it’s not like elbows are out everywhere across the board. So I don’t mean to say this is like an all-out war between small funds and big funds and the small funds need to win or the big funds need to win. I think actually there’s a lot of potential for coexistence. My point is more that the asset classes and the returns are quite different over time, and that’s how I would think through it. And if you’re an entrepreneur, you should think about that as well, right? What are the implications of taking money from certain funds versus others in terms of the expected returns, expected time allocated to you? For example, if you’re not doing very well as a as a company, right? Will the big funds spend the same amount of energy on you if you’re not doing great and all of that? So it’s a little bit sort of a beware, open your eyes, both for limited partners and for startups. What do you actually want, right? What do you want from your VC firm if you’re a startup? And what do you want from your VC firm if you’re an LP?   Bertrand I must say, as an entrepreneur, uh, a board member, I have seen some situations where the bigger funds are actually trying sometimes to elbow out the existing investors. Like, uh, we have that much money to put to work, we cannot do less. And you’re like, yeah, but I don’t need that much money. And then they’re like, okay, just don’t let your existing investors do their pro rata. I don’t think it’s great because an entrepreneur, if your investors, your VCs, trusted you earlier stage when it’s more risky, and when it’s becoming less risky, you don’t give them the right to their pro rata because you have to let this big guy come in. That’s not great. Or even if there is not this pro rata issue, when an investor tries to put more money to work than it’s really necessary, it’s also not a good idea as an entrepreneur to take more capital than you could use. It will dilute you more, it will set higher expectations in terms of valuation, it will push you to use that capital faster than maybe would be reasonable. So I think that’s something you want to be careful with the bigger funds. So don’t talk to funds that are in some ways beyond your stage and try to make it work in that context. Or don’t accept to have your strategy change dramatically for no good reason by funds that just want to put too much money to work in your business. And that for me is surprising because it should also be in their best interest not to invest in businesses that are not ready to accept that much capital. But as we have seen, there were in the past some funds that believe that capital is a moat. Was a good idea. So hopefully, I guess we’re a bit behind that. But yeah, I would say entrepreneurs, be careful, find partners that are the right partners for you at your current stage. Sometimes some big names look great, but at the same time, if it comes with a lot of issues, from too much capital to also taking the risk that these partners don’t understand the stage of the business you are in or your industry, Just be careful. There is a lot of value to have firms that are very focused on your stage, on your industry, are finely attuned to that situation.   Nuno What Comes Next? Maybe to end in terms of sections, what comes next? And maybe we can come up with some predictions that are a little bit provocative on what’s going to happen to the market. You, if you’re listening to us, feel free to interact with us on LinkedIn, on X. If you have our email address, shoot us an email as well. We’d love to hear from you if you think these are the right predictions or if we’re totally off. Maybe I’ll throw in the first one, Bertrand, and we’ll go one by one. So we’ll each put one at the table and see where we head. My first one is that we’ll have a huge culling of VC investors. We had this rapid expansion of the VC asset class with arguably at least tens of thousands of firms globally, maybe even over 10,000 in the US. I think we’ll have a culling and the culling will continue and we’ll have several firms sort of getting eliminated over the next couple of years that will have either because they’re having tremendous difficulty doing their first close in their next fund, or the returns are not there, or it’s a firm that has done 3, 4 funds, but for some reason the returns have just gone out of whack in the last few years during the bull years. And so therefore, actually they can’t justify to raise more funds out there. So I predict there will be a significant elimination of active firms in the next at least 2 to 3 years. So maybe by 2028, and we’ll be below, I don’t know, 30% of number of active firms that we are today. The other side of it is I do think if we look beyond that, 2029, 2030, and so on, we’ll have the reemergence of not micro funds, but nano funds where people will start deploying capital very, very early and writing small angel checks, but doing it in a way that it’s sort of not this cottage industry that we’ve had of angel investors. So I think angel investment will be disrupted by people that will use more and more of the AI toolification out there to actually manage their portfolios of 10, 15, 5K investments in a way that is a lot more professional, creating sort of an advent of nano funds.   Bertrand Yeah, makes sense. On my side, in terms of prediction, I think there is a possibility that the mega fund model keeps expanding and looks more similar over time to some PE models. So do we have the top 10 VC firms that look more like a Blackstone than a Kleiner Perkins or Sequoia used to be? That for me will be an interesting question and development. I think that there is some possibility that it keeps going in that direction. A lot of incentives are pushing things that way.   Nuno My next prediction is that DPI, distributions to paid-in cash on cash, just cash back, will become essential for limited partners. I think TVPI, total value to paid-in, that also has in there, as we just said, paper valuations. There’s a lot of disbelief now around the TVPI metric if there isn’t distributions going alongside it. For those who, again, don’t know what TVPI is, it’s total value paid in, but it also includes DPI. So it’s cash on cash component plus a remaining valuation to paid in, an RVPI. And the problem is the RVPI really, in reality, it’s that kind of on-paper valuation that never gets attributed. I think LPs, they’ve seen the writing on the wall and they’re like, dude, just show me your DPI numbers. I don’t care about TVPI. Some LPs will still ask about TVPI just to make sure that the rest is sort of looking in order. Like, show me the money, show me the cash. Actually, it’s not money, show me the cash, right? I want money back.   Bertrand But that’s an issue. I mean, if you’re supposed to raise financing every 3 or 4 years, good luck getting DPI to show for that. So you need to be at least on your third fund in order to be able to show DPI, I guess.   Nuno I mean, my corollary to that, Bertrand, is if you allow me just to have a corollary kind of prediction, is that we’ll see certainly for funds like $50 million and above, $100 million, $200 million, et cetera, even increased concentration, right? I really need to have anchors that believe in me over time. And we might start having, again, the advent— we had it some decades ago, the advent of cap table kind of VCs, right? Like Sutter Hill Ventures, right? Where they’re not really raising funds anymore. And so we might have the advent of that, that we’ll have structures that are created that have more permanent capital allocated to them, or at the very least more concentrated capital by very few players.   Bertrand Interesting. Me on my side, as I shared before, I believe secondaries are, are important and here to stay. Um, in the past, some could argue, is it a distress signal or something? I, I don’t think it’s true anymore. In a world where your average startup might take 15 to 18 years to exit through M&A or IPO, we need to have other options. For funds, for employees, they cannot be expected to stick around for so long and have no liquidity. I mean, it’s just pure madness. It’s just bad alignment at some point to do that. So I think secondaries are becoming the third liquidity pathway for VCs, for employees, and it should be more and more a key part of the game, a key infrastructure in the VC/startups tech industry.   Nuno I mean, on specialized versus generalist funds, I believe we’ll continue seeing the coexistence of those two models where the specialized funds will in many pockets actually outperform generalist funds, but where we’ll continue seeing that the large franchises, the tier one franchises will likely be generalist funds. I mean, we just saw it in the cycle. The AI cycle went upon us. We had a 2021 fund. We could easily adapt and go into AI and figure out that AI was growing very fast. I mean, if you have an ultra-specialized fund and that’s your remit and that’s the only thing you can invest on, very difficult to change even during our investment period. I will put a caveat on that. We don’t call, for example, ourselves at Chameleon generalist. We call ourselves multi-specialized because our scoring models for the verticals that we track are specialized within Mantis. Because the partnership is specialized, we all focus on different areas. And because we have the Kin network that allows us to tap into that level of expertise, Again, I think the world will be specialized coexistence. Some pockets specialized will do very well, certainly on the smaller fund size, but the big franchises will likely look a little bit more generalist. And as I said, multi-specialized from our perspective is the future. We’ll start seeing more and more funds that are multi-specialized like ourselves. Do you want to talk about AI and how it’ll distort the metrics? No.   Bertrand Yes. I think AI is an exciting moment in the tech industry. It feels in some ways that the same way we had a big distortion coming with COVID and work from home in 2020, 2021. 2021, where suddenly everyone and their mother will build a SaaS company or invest in a SaaS company. AI feels a bit of the same. I mean, to be clear, I truly believe it’s deserved. I mean, we are facing a dramatic shift in how computing is being done in terms of value you can get from software. So at the same time, AI will probably distort this matrix for a long time. We clearly see a split where investments are going, in what startups are being created. So I think, yeah, we will see some distortion. And we know that maybe 50% of all deal value is going to AI in 2025. We have seen single rounds reaching 40 billion, like to OpenAI. We have seen, as you discussed, some seed stage investment of 400 million. So AI investing and AI startups are definitely a beast on their own. And will distort VC metrics for a long time. And we might need two sets of metrics in parallel, you know, AI versus everything else. So that would be an interesting bifurcation in the industry in some ways. I would say it’s fair to separate AI versus non-AI. We reach a point where it’s two different beasts.   Nuno Conclusion So in conclusion, AI has changed the world and it’s changing VC as well, as we discussed earlier in the episode. We have a tremendous momentous occasion for the asset class where venture capital is really bifurcating into very large funds, which no longer are in venture capital or seemingly may be distributed between different asset classes, and the smaller funds, sub-$500 million and sub-$100 million, that keep having the better returns, but also with much smaller scale. We’re seeing a culling of the industry where the industry is definitely getting smaller and smaller and more concentrated at both ends, number of VC firms, as well as a number of limited partners per fund and the interest that some of these limited partners have of being more and more concentrated in their own portfolio allocations. And last but not the least, the discussion around specialized versus generalist, where it seems like there’s some clear winners on some asset classes, on some sizes, in some industries, but on others, there’s other kinds of winners. And so maybe the future is multi-specialized, as I framed at the end. Thank you so much for listening. If you want to check us out and if you want to comment, feel free to send us messages on X, LinkedIn, to both myself and Bertrand, as well as send us an email. Thank you so much, Bertrand.   Bertrand Thank you, Nuno.

Kleine Wissens-Nuggets gefällig? Lust, Wissen aufzufrischen, oder ein paar neue Begriffe und Methoden kennenzulernen? Dann bis du hier richtig: Für jeden Buchstaben des Alphabets haben wir einen passenden Begriff aus dem Bereich des Projektmanagements für dich gesammelt und kurz erklärt. Los geht's!

Ein Alphabet ist ungenügend, um umzugehen mit dem, was ist. Trotzdem müssen wir alles damit sagen. In dieser Folge reden wir ab Minute 21 über sexualisierte Gewalt im Internet. Wenn ihr das nicht gut hören könnt, dann überspringt diese Folge lieber, oder hört sie euch zusammen mit anderen Leuten an. -- ZEMENT GIESSEN ist aus allen Buchstaben des Alphabets gemacht. Du kannst uns sehr gerne mit einem kleinen monatlichen Betrag auf STEADY unterstützen: https://steady.page/en/zement-giessen-podcast/about oder uns was über Paypal SPENDEN oder uns eine E-MAIL schreiben und für beides ist diese ADRESSE da: zementgiessen_loves_you@freenet.de xx

Leviticus - turning points; What's wrong here?; Words?; Deception and sophistry; Gregory history; Burnout?; Accepting doctrines of men; Replacing the truth; Confusion; Learning Hebrew?; Writing; Alphabets; "Breastplate"?; chet-shin-nun; Questioning your teachers and preconceptions; Honoring parents; Caring - attending to their welfare; Why honor parents?; Monkey story; Old testament altars; Dignity, purpose and affirmation; "Wave offering"; Ex 29:24; "Aaron"; Garments?; Breeches made by the people?; Is God so shallow?; Breast of the ram?; Do you believe?; Ordering the wood; Sacrifice of the red heifer; "Heave offering"; Seed of Abraham; Faith!; "Idolatry"; Covetousness?; Freewill offerings; Creating social bonds; Moses' social security; Fire = wife/woman = caregiver of the family; Contributions for Christ; Righteous redistribution; "Sprinkling"; "wood" = "counsel"; Kickbacks? ;"One Purse"; Choosing what Christ had forbidden; Lev 8:1 Does Moses hear a voice?; Aaron and his sons; Seeking righteousness; Literally?; Tents of the congregation; Where to gather?; Washing Aaron and sons; Baptism; Urim and Thummim?; Chet-shin-nun; "Leaven"; Nakedness?; God breathed life into man; Tree of knowledge?; Sitting in darkness; Bringing light and liberty?; Presumptions; Clothing = status; Pastor?; Strange fire; Ex 29:21; Gleaning meaning; biet-gimel-dalet (garment); Steps?; Authority; Freewill offerings; Responsibility of government; Miracle of loaves and fishes; Oversight; Returning everyone to family and possessions; Making sure all have enough; Mt 20:25, Mk 10:42, Lk 22:25; "Sophistry" article - kidneys given to Levites?; "Burnt" offerings; Rights in God's system; vs man's system; Fixing corruption; Measuring a man's Christianity; "Casting bread upon the waters"; Pure Religion - unspotted by "world"; Dependence on government; Inheritance tax?; Legal title; Benefit addiction; Covetous practices; "breast" = chet-zayin-hey; Communicating with "stones"?; Enlightenment; "chezah" = see, behold, prophesy, provide; Redistributing the wave offering; Breast? Shin-dalet; DOGE?; Repentance; Recreating Christ's system; Service; Learning to be free; Going contrary to God's way; Parental responsibility; Family!; Hate of the day…; Error of Baalam = Deeds of Nicolaitans; Welfare snares; alternate system of Leviticus; Join the Living Network.

Is the concern of stagflation putting downward pressure on bank stocks? The term stagflation was first used in 1965 by a British politician. A quick definition for an economy with stagflation is when there is slow economic growth, high unemployment, and high inflation. A scenario like that would put a strain on banks because as people lose their jobs one of the first things they stop paying on are consumer loans like credit cards and personal loans. Banks can also get squeezed because they may have locked in long-term loans at lower rates and because of high inflation, the Federal Reserve could increase short-term interest rates, which would compress margins. The banks also need meet certain liquidity requirements, which could hurt margins even more. On the bright side, this could be a buying opportunity to invest in banks since they are down roughly 9 to 10% since the beginning of the year. The reason I think this could be a good opportunity is manyfold. First off, the high oil prices that are currently causing inflation concerns appear to be a short-term problem and I believe they should start reversing by May or June. Second, employers have slowed down on hiring new people but are reluctant to let employees go because it's very costly to hire new employees. Third, the economy appears to still be doing well and consumers have already started receiving part of the $50-$60 billion in tax refunds from the Big Beautiful Bill, which should help with consumer spending. This is also the year where agreements from other countries to invest trillions of dollars into our economy should start taking place. In regard to the banks themselves, they're sitting in a pretty good situation with diversified businesses as your mega banks like JPMorgan and Bank of America have trading houses and global markets that are growing in the low double digits. Some banks expect mid-teens growth in the trading business. Some of the bankers have also said that demand for traditional commercial loans has been improving so far this year. In its most recent data, the Federal Reserve showed commercial industrial loans were up 5% year over a year, which is the largest increase since 2023. As always with investing, you should be looking out at least 2 to 3 years. One other perk is many banks pay a decent dividend around 2% to 2.5%    Meta and YouTube get screwed in court I was very disappointed to see that a 20-year-old woman, who won in a California court, is set to receive a total of $6 million from Meta and YouTube. Her claim was she was addicted to social media, and it dominated her life for years, which caused mental health issues like anxiety and depression. I'm really getting tired of the legal system in California and the theatrics played by attorneys such as her attorney having a jar of 415 M&M's saying each M&M represented $1 billion of the near $400 billion in total stockholder equity when looking at Alphabets value. He began to remove one M&M at a time and demonstrated how taking out a few M&Ms did not change the weight of the jar. My feeling is this attorney should go to Hollywood and try to get an acting job. It is disappointing to see how no one wants to take accountability for their actions any longer. They want to blame somebody else and not take responsibility for the fact that she uploaded more than 200 YouTube videos before the age of 10 and had 15 Instagram accounts before she was 15. I do have to ask where were the parents? This could just be the beginning as there are 3000 other similar lawsuits against social media companies that are pending in California courts. I do believe there should be some changes made to the regulatory framework around social media, but this goes too far and is just in my opinion greed from attorneys and people trying to get a free ride. I was glad to see that both companies are appealing the decision, and this will likely continue to move up the court system and may land in the Supreme Court. Meta also lost a case in New Mexico this past week as jurors found that Meta willfully violated the state's unfair practices. The state's Attorney General claimed the company failed to properly safeguard its apps from online predators targeting children. It is disappointing to see the number of lawsuits that are going on in our country. Our country was not built on attorneys and lawsuits; it was built on people working hard and taking responsibility for their own actions. I do fear for my grandkids if we continue on this path and wonder what our country will look like in 30 or 40 years. When it comes to investing, I would be very careful in this space, as these cases could set a dangerous precedent for trials to come. There is also a federal trial set to begin this summer in the Northern District of California involving claims by school districts and parents nationwide that apps from Meta, YouTube, TikTok and Snap helped foster detrimental mental health-related harms to young users.   Will higher gas prices hurt strong US car sales? Current US car sales are around 16 million on an annual basis, which is down from 2019 when they were 17 million, but overall, they are still very healthy. The car business has changed from low margin vehicles to more luxury vehicles with higher profit margins and the average price on a new car is now over $50,000. The car buyers themselves have changed with the average new vehicle buyer around 50 years old. This is seven years older than in the year 2000. It's no surprise, but because of the higher prices for cars, people earning over $150,000 a year account for 42% of the sales. Six years ago, it was just 29%. It was also reported that buyers who have incomes of $75,000 or less are no longer buying new cars because of the affordability. The higher gas prices do not seem to be affecting car sales at this point and according to the manufacturers, they are still saying the buyers remain resilient. However, if gas and oil prices remain at current levels that would then likely put a strain on car sales. Fortunately, at this time, based on many factors, I think by May or June we will start to see the easing of prices at the pump. Also helping US manufacturers is the deductible interest on cars made in the US. There are restrictions on this, but that does also help ease the pain with a little tax deduction. Also, since the President ended the tax credits for electric vehicles, US car manufacturers were able to scrap the losing endeavor of trying to build profitable EVs. With the stock prices for car manufacturers down around 9 to 10%, I believe the investment clouds should be clearing in the next couple of months and investors may have an opportunity to invest in a good US car manufacturer. It's important to remember that if you step in and buy here, you own a small piece of a large company and don't worry about the day to day volatility, you should be focusing on where that business will be at least 2-3 years down the road.   Should crypto companies be allowed into the United States banking system? Unfortunately, Jonathan Gould, who is Comptroller of the Currency and is one of the country's most powerful bank regulators, believes so. He thinks it's a good idea to let firms like Ripple, Crypto.com and others in this area to become a trust bank. A trust bank is a little bit different than a normal bank because they don't take deposits or make loans and instead offer other services like safekeeping of various assets. An example of trust banks would be insurance companies and payroll processors. My concern is what the average consumer may think as they could believe that because it's a trust bank it is automatically insured by the federal government. This is a gray area as some trust banks can have insurance from the federal government, but they do not insure investments like stocks bonds, and cryptocurrencies. The Bank Policy Institute and other banks are against this because it is unclear what these crypto companies would do with bank charters. There is talk that some applicants may want access to the Federal Reserve payment rails, which would allow them to move money between digital currencies and the banking system. My concern is this could jeopardize the strength of our banking system and cause our federal government to be on the hook for some big financial liability in the years to come as some cryptocurrency drops dramatically or fails.   Companies Discussed: DICK'S Sporting Goods, Inc. (DKS), Best Buy Co., Inc. (BBY), Signet Jewelers Limited (SIG) & CF Industries Holdings, Inc. (CF)

In der heutigen Folge sprechen die Finanzjournalisten Anja Ettel und Lea Oetjen über den Ausverkauf der Tech-Lieblinge, die neuen KI-Pläne von Amazon und den nächsten Dämpfer für Novo Nordisk. Außerdem geht es um Microsoft, Oracle, Palantir, Synopsys, Alphabet, FactSet Research, S&P Global, Rheinmetall, Renk, Hensoldt, Eli Lilly, Hims & Hers Health, Estée Lauder, Qiagen, Rational und Nvidia. https://www.businessinsider.de/informationen/newsletter/alles-auf-aktien/ Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Der Börsen-Podcast Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Judith is an author whose research has focused on the history of alphabets, runes, oghams, Hebrew, and ancient Phoenician as well as its relation to number magic.  She is the author of Alphabets and the Mystery Traditions (2024) and Futhark Rune Mysteries: Origins of Magic & Divination in the Primal Alphabet (2026), the latter being the subject of this podcast.  In Rune Mysteries, Judith reveals the spiritual and divinatory attributes of each rune by examing the physical characteristics of the objects chosen to represent them. For more information about Judith's academic work, please see: https://berkeley.academia.edu/JudithDillon.  You will find she has a wealth of knowledge on these subjects and she welcomes you to contact her at:  jdillon022@gmail.com for more information. This podcast is available on your favorite podcast platform, or here: Artwork is Grave in the form of an A.  Yugoslavia circa 6000 BCE. From Gimbutas, The Language of the Goddess, 156.

OMR feiert 10 Jahre Podcast-Party. OpenAI verliert Nutzer an Google. Google Gemini 3 Pro setzt neue Benchmarks und wird komplett auf TPUs trainiert, was intern bei OpenAI für Alarm sorgt. Meta prüft ebenfalls Google-TPUs, wodurch Google Anteile am Nvidia-Markt gewinnen könnte. YouTubes AI-Dubbing floppt. Anthropic senkt Preise deutlich, der Preiskampf eskaliert. Adobe kauft SEMrush, um AI-SEO auszubauen. Philipp nennt Gründe gegen einen eigenen Investmentfonds. Die Trump-“Genesis Mission” plant massive KI-Investitionen, Amazon baut dafür Gigawatt-Infrastruktur. Meta sichert langfristigen Strom und gerät wegen vernichteter Child-Safety-Beweise unter Druck. X zeigt fragwürdige Account-Standorte politischer Profile. Trump erwägt Chip-Exporte Richtung China. Doge ist verschwunden. Unterstütze unseren Podcast und entdecke die Angebote unserer Werbepartner auf ⁠⁠⁠⁠⁠doppelgaenger.io/werbung⁠⁠⁠⁠⁠. Vielen Dank!  Philipp Glöckler und Philipp Klöckner sprechen heute über: (00:00:00) Intro & 10 Jahre OMR Podcast Party (00:07:17) OpenAI Churn & 3 Monate gratis Retention-Trick (00:09:03) Google Gemini 3 Pro setzt neue Standards (00:17:11) Sam Altman Memo: Rough Times durch Google (00:22:05) Meta will Google TPUs nutzen für Training (00:26:33) YouTube AI-Dubbing (00:30:37) Anthropic Opus 4.5 & Preiswettkampf (00:33:19) Adobe übernimmt SEMrush (00:36:30) Warum Philipp keinen Investmentfonds startet (00:40:27) Trump Genesis Mission & Amazon $50B Government (00:48:07) Meta Stromhandel & systematische Beweisvernichtung (01:04:58) X zeigt Account-Locations: Maga aus Nigeria (01:12:54) Trump erwägt H200-Chips nach China (01:14:46) Doge existiert nicht mehr Shownotes Altman-Memo prognostiziert 'schwierige Zeiten' wegen Google-Renaissance – theinformation.com Alphabet profitiert von Meta-Plänen für AI-Chips; Nvidia fällt – bloomberg.com Google muss KI-Kapazität alle 6 Monate verdoppeln – cnbc.com Claude Opus 4.5 und die Herausforderungen bei der Bewertung neuer LLMs – simonwillison.net Adobe stärkt KI-Marketing-Tools durch Semrush-Kauf für 1,9 Milliarden Dollar – reuters.com Trump kündigt KI-"Genesis-Mission" an: Auswirkungen auf Energiekosten – axios.com AWS kündigt KI-Investition für US-Regierung an – foxbusiness.com Meta plant Energiehandel zur Unterstützung von KI-Rechenzentren – bloomberg.com ChatGPTs neues Shopping-Tool: schnell, unterhaltsam, kostenlos - besser als ich? – zdnet.com Google testet Werbung im AI Mode – linkedin.com Nvidia: Kein Enron, AI-Buchhaltung verteidigt – barrons.com KI-Super-PAC startet $10-Millionen-Kampagne für einheitliche nationale Politik – cnbc.com Meta vergrub Beweise für Schäden durch soziale Medien, so US-Gerichtsdokumente – reuters.com Mark Zuckerberg: Kindersicherheit weniger wichtig als "Metaverse" – futurism.com Top MAGA-Influencer als ausländische Akteure enttarnt – thedailybeast.com Mike Bird X – x.com AFD X – x.com Trumps Team erwägt Verkauf von Nvidia H200 Chips nach China – bloomberg.com Elon Musk: KI macht Arbeit optional, Geld irrelevant – apnews.com DOGE 'existiert nicht' mit acht Monaten verbleibender Laufzeit – reuters.com

Heute, am Dienstag, dem 25. November, sprechen Johannes Bauer und Sina Osterholt über die heimlichen Gewinner des KI-Booms, den Hoffnungsschimmer für deutsche Autobauer und die Milliardeninvestitionen der Pharmabranche.

Kollel Iyun Halacha. Shuirim are held Sun-Thurs at 11 Gudz Road Lakewood NJ. For more info email: kih185miller@gmail.com

Kollel Iyun Halacha. Shuirim are held Sun-Thurs at 11 Gudz Road Lakewood NJ. For more info email: kih185miller@gmail.com

Dubbed the "Greatest worst break we've done on the show"See omnystudio.com/listener for privacy information.

With great pleasure I present to you a lovely chat with Judith Dillon. This is a wonderful journey through the connective tether of the alphabet, tarot, nature, Mother Goose, life, and above all, the mystery of language. Judith at Inner Traditions:https://www.innertraditions.com/author/judith-dillonJudith's Academia Page: https://berkeley.academia.edu/JudithDillonThe Crow Tarot mentioned (artist page): https://www.mjcullinane.com/indie-tarot-oracleTips are most welcome:⁠⁠⁠⁠⁠⁠⁠⁠⁠buymeacoffee.com/niish⁠⁠⁠⁠⁠⁠⁠⁠⁠Our website:⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thecosmicsalon.com⁠⁠⁠⁠⁠⁠⁠⁠⁠I want to thank the producers of this show:Meredith Walako (Scheduling, bookings, and social media manager). Myra. Cale Darnegie. Lalita Karoli. Jorge. Susan Jenkins. Kerry Hoyal. Sarah Etta. Lizz Radican. Claire Cathcart. Steven Mercer. Pamela Holdahl. Jake J. Vanek. WiseNightOwl. Noël Jeanette. Melanie Poe. Jason Lambson. Neil Macnaughton. Mark Boettcher. Kate Kukulkan. Jane F. Kim Simone. Everlong,Niish-

It has been a couple weeks because I have been traveling. I update you on all my adventures with the alphabet traveling to fort Lauderdale and Washington DC for three different events. And I talk about all the ballots that have been sent out you UOCAVA, vote by mail, and sample ballots. Enjoy

Have scientists discovered an alphabet in whale calls? As researchers try to decipher the series of clicks made by sperm whales, we ask whether these cetaceans might have language, and if it follows that whales are thinking animals too. Could we one day get a peek into the thoughts of a humpback whale? Meanwhile, somewhere along the long path of evolution, one species emerged with an impressive gift for gab. Are speech and language unique human superpowers? Guests: Carl Zimmer – Columnist, The New York Times, including the article, “Scientists Find an ‘Alphabet' in Whale Songs”. Ev Fedorenko – Cognitive neuroscientist, director of the EV Lab, MIT Tecumseh Fitch – Evolutionary biologist at the University of Vienna Descripción en español Featuring music by Dewey Dellay and Jun Miyake Originally aired July 29, 2024 You can get early access to ad-free versions of every episode by joining us on Patreon. Thanks for your support! Big Picture Science is part of the Airwave Media podcast network. Please contact advertising@airwavemedia.com to inquire about advertising on Big Picture Science. Learn more about your ad choices. Visit megaphone.fm/adchoices

Have scientists discovered an alphabet in whale calls? As researchers try to decipher the series of clicks made by sperm whales, we ask whether these cetaceans might have language, and if it follows that whales are thinking animals too. Could we one day get a peek into the thoughts of a humpback whale? Meanwhile, somewhere along the long path of evolution, one species emerged with an impressive gift for gab. Are speech and language unique human superpowers? Guests: Carl Zimmer – Columnist, The New York Times, including the article, “Scientists Find an ‘Alphabet' in Whale Songs”. Ev Fedorenko – Cognitive neuroscientist, director of the EV Lab, MIT Tecumseh Fitch – Evolutionary biologist at the University of Vienna Descripción en español Featuring music by Dewey Dellay and Jun Miyake Originally aired July 29, 2024 You can get early access to ad-free versions of every episode by joining us on Patreon. Thanks for your support! Big Picture Science is part of the Airwave Media podcast network. Please contact advertising@airwavemedia.com to inquire about advertising on Big Picture Science. Learn more about your ad choices. Visit megaphone.fm/adchoices

In der heutigen Folge sprechen die Finanzjournalisten Nando Sommerfeldt und Holger Zschäpitz über die IBM-Schwäche T-Mobile's Mega-Cash-Flow und Hoffnung auf einen finalen Zoll-Deal zwischen Amerika und der EU. Außerdem geht es um SAP, Siemens Energy, GE Vernova, Microsoft, Service Now, Abivax, Porsche, Volkswagen, BMW, Mercedes-Benz, Merck, Bayer, BASF, Brenntag, DHL, Boeing, Siemens, Amazon, Gea Group, Knorr Bremse, Evonik, Puma, Campari, Remy Cointreau. Wir freuen uns über Feedback an aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter.[ Hier bei WELT.](https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html.) [Hier] (https://open.spotify.com/playlist/6zxjyJpTMunyYCY6F7vHK1?si=8f6cTnkEQnmSrlMU8Vo6uQ) findest Du die Samstagsfolgen Klassiker-Playlist auf Spotify! Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? [**Hier findest du alle Infos & Rabatte!**](https://linktr.ee/alles_auf_aktien) Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Workbooks (all levels) at my Etsy Shop: ARALOLAMy email for private lessons and packages: alaa.arabictutor@gmail.comLetters practice worksheets: https://www.etsy.com/listing/1673095946/arabic-writing-worksheets-alphabetsLetters Workbook: https://www.etsy.com/listing/1743735098/arabic-letters-workbook-practice-overLinks to all my social media: https://linktr.ee/alaa.arabictutorBeginners Level Workbook:⁠ https://www.etsy.com/listing/1686728957 ⁠Writing practice worksheets: https://www.etsy.com/listing/1673095946 ⁠ A quick link to all my workbooks and worksheets: https://www.etsy.com/shop/Aralola?ref=shop-header-name&listing_id=1576473947&from_page=listing%C2%A7ion_id%3D45222699It has helpful workbooks for beginners and intermediate and some other products. Welcome! In this short video, ill be speaking in Arabic with a translation anouncing a new workbook I am working on. ▶️ Visit My Website: https://learnarabic448720950.wordpress.com▶️ Spotify Podcast: https://open.spotify.com/show/4rabCwXjtej5RRD7HGCKQM▶️ All My Workbooks And Worksheets On Etsy:⁠ https://aralola.etsy.com⁠▶️ Please Subscribe: https://www.youtube.com/@learnlevantinearabicwithalaaModern Standard Arabic is widely understood, but the real magic happens when you can speak the local dialect – Levantine Arabic. The language you'll hear on the streets is the key to unlocking genuine connections and rich cultural experiences that go way beyond guidebooks.Learning complex phrases can feel daunting, but don't worry! We'll focus on the essentialsOnce you've mastered these forms, you'll notice a significant improvement in your ability to understand others and express yourself in Levantine Arabic. Your communication will become more fluid and natural, enhancing your overall language proficiency.If you like this video, Please SUBSCRIBE and don't forget to press the bell

Dr. Eric T. Karlstrom : Tavistock, Mind Control, Cults9/11 – New World OrderWebmaster, Dr. Eric T. Karlstrom: Emeritus Professor of Geography, California State University (bio)The Following Introductory Quotes Explain the Present Plight of the American Republic and the World:1) The 9/11 attacks were an inside job by the USAF (US Air Force) and the IZCS (International Zionist Criminal Syndicate). The staged Gladio-style False-Flag attack was the choice selected for the attack on the Twin Towers in NYC and the Pentagon in Washington, DC, on 9-11-2001. This attack was done by the USAF, under the authority of a zionist-controlled Criminal Cabal inside the Joint Chiefs of Staff (JCS) and the Secret Shadow Government (SSG).The 9/11 attack was planned, set up and run by (Jewish/dual Israeli-American citizen) NeoCon top Policy-Makers, Israeli Intel and their stateside Sayanims, utilizing a small criminal cabal inside the USAF, NORAD and the JCS. These are facts that can no longer be disputed by any reasonable person who has examined all the available evidence.And it is exceedingly clear to any reasonable person who examines the pre-announcement of WTC-7 destruction that the whole attack was pre-scripted in London and Israel, and that WTC-7 was wired in advance with conventional demolition charges.… There is now a New American War. It is inside America. It is called the “War on Terror”. The enemy is YOU! It is a staged, Phony War that has been created by the International Zionist Crime Syndicate (IZCS). This New War on Terror has an enemy. That enemy is the American People, You and Me…. This new War on Terror has been socially engineered to provide a continual stream of degradations and provocations against the average American, provoking many… to resist, and causing them to be labeled dissenters.Once they have been labeled dissenters they are put on a Department of Homeland Security (DHS) Main Core Terror Watch List, which top insiders know is a targeted assassination list for later eradication of all Freedom-loving Americans who want to restore the American Constitutional Republic.At present, the Main Core list has over ten million Americans on it, and it is growing every day with thousands of new additions. Get a ticket for a driving offense or any arrest (even if later proven innocent) and it is highly likely you will be placed on this Main Core Terror Watch and Assassination list…. Any and all Dissenters are now being defined as “Enemies of the State”. And anyone who wants to restore the American Republic will also be defined as a “Domestic Terrorist”.DHS (Department of Homeland Security) is a terrorist group, hand assembled by American/Israeli dual citizen Traitors and is designed to tyrannize, capture and eventually be deployed against Americans to serially mass murder them. This is why they have been called the New American Gestapo of the Neo-Bolshevik Red Cheka Terror Machine.…..The War on Terror is obviously a Phony. But it has been the greatest boon to the American Defense Complex ever, with many times more net American Taxpayer dollars spent on this war than any other war in history, including WW2 or the Vietnam War.Another way to establish a war is to create and fund so-called foreign terrorist groups. This is a costly exercise that take years and can involve as much work as fighting a war…. But enemies for necessary wars can be created if you have the technological help of a nation that has hundreds of years experience in creating its own enemies. This nation is the City of London (Financial District), a separate nation state like the Vatican, located within England.There is a reason England has been referred to as “Perfidious Albion” for centuries. They have been known for their ability to instigate chaos inside nations they want to control by their standard well-developed strategy of “Divide and Conquer”. They are experts at creating long-term provocations between different nations that have competing economic interests. They do this in order to establish a beach-head from which to control the removal of natural resources and accrued wealth.The nation state Israel was created to serve as a long-term provocation for numerous Mideast perpetual wars. This is why the Balfour Declaration was made. This is why the City of London created the New Israel and took land away from the Palestinians to set up a nation of Khazarian Judaic converts (aka “fake Hebrews”), a racially paranoid group mind-kontrolled to believe the delusion that they were of ancient Abrahamic Hebrew Blood.The IZCS believes in preemptive strikes against Goyim (non-Jews) and their institutions. Judaics have also been mind-kontrolled by zionists (many of whom are not Judaics) to believe that they must hijack the American political system to preemptively crush Christianity and American Goyim Culture.….A SERIOUS SPELL, A RACIAL DELUSION OF SUPERIORITY HAS BEEN CAST ON MANY JUDAICS NO MATTER WHERE THEY LIVE, BUT ESPECIALLY SO AMONG THOSE LIVING IN GREATER ISRAEL, WHERE THE LUCIFERIAN HEX FLAG FLIES. WHETHER TRUE OR NOT, TOP ZIONIST LEADERS BELIEVE THIS HEX FLAG SIGNIFIES THE MERGER OF DEMONIC FALLEN ANGEL BEAST-BLOODLINES FROM ABOVE, BRED WITH HUMAN FEMALE BLOODLINES BELOW. THEY BELIEVE THIS MAKES THEM THE “CHOSEN ONES” OF THEIR GOD LUCIFER, AND SUPERHUMAN OR PART GOD ALSO.Conclusion: The IZCS has hijacked America and has deployed numerous weapons against it now culminating in a phony, staged War on Terror, and if you are an American or live in America, one way or another YOU will soon become THEIR NEW ENEMY. Yes, from here on out if you live in America, you are the designated enemy of the USG and its agents of war DHS, the TSA, FEMA, the Alphabets and the US Military in this new War On Terror (which is a war against the American people who are not in the “federal Family”).If you are a member of the (IZCS-created and controlled) “federal family,” it is suggested that you read and study up on the Night of the Longknives (Operation Hummingbird) and the various purges under Lenin, Stalin and Mao. Maybe you should reconsider (following) the oath you took to UPHOLD the US Constitution from ALL ENEMIES, FOREIGN and DOMESTIC.….Preston James, PH.D., 2014, YOU are THE ENEMY (Veterans Today)2) “Israel was behind all four fronts in 9/11, that momentous event in our nation´s history: 1) The actual terror attacks themselves; 2) the subsequent cover-up; and both 3) ¨the U.S.-led military invasions overseas¨ and 4) the ¨domestic security state apparatus.¨(Hugh Akins, “Synagogue Rising,” 2012)3) “We (Jews and Israel) control America, and the Americans know it.” Ariel Sharon, Israeli Prime Minister, October, 2001, in response to question about 9/114) (9/11) was a mighty operation that was prepared by the special forces of the global mafia to involve the USA in the war against the Muslim world… The global mafia carries out global politics. The USSR collapsed and the same fate has been prepared for the USA. People like the Rothschilds and the Oppenheimers and the Morgans have long term plans.…the entire system of international terrorism works for fascism. There are explosions in Spain, France, Germany, United States, South America, Indonesia, Malaysia, Russia and Iraq. This is worldwide. The conclusion is very simple; The people themselves will want someone like (Chilean fascist General) Augusto Pinochet to rule them… The entire system of international terrorism is pushing humanity toward the reception of a hard fascist regime.Russian General Konstantin Petrov5) “Israel has used America as a whore…. They control our government, our media, and the finances of this country…. Through their lobby, Israel has manifested total power over the Congress of the United States… We're conducting the expansionist policy of Israel and everybody's afraid to say it… They are controlling much of our foreign policy, they are influencing much of our domestic policy. They control much of the media, they control much of the commerce of the country, and they control powerfully both bodies of the Congress. They own the Congress… Israel gets billions a year from the American taxpayers, while people in my district are losing their pension benefits…. and if you open your mouth, you get targeted. I was the number one target of the American Israeli Public Affairs Committee… We have investigated and found 2 separate incidents of AIPAC spying on America….My concern is the taxpayers and the citizens of the United States should control their government, not a foreign entity… But if you deal with the real problems in America, YOU GET TARGETED.”James Traficant, Jr., U.S. House of Representatives (Ohio) (1941-1941; who was expelled from the House and served 8 years in prison for representing the interests of the United States rather than those of Israel and the Jews6) Treason doth never prosper, what's the reason?For if it prosper, none dare call it Treason.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-opperman-report--1198501/support.

Pfuiklingendes Pünktchenzeichen gesucht! Unterstützt den "Weißt du's schon?" Podcast mit einem Supporter:innen-Abo und bekommt Zugriff auf mehr als 250 Hörrätsel und jede Menge Bonusinhalte. https://weisstdusschon.de Feedback, Fragen, Rätselwünsche? Schickt mir eine Nachricht für den Podcast: https://weisstdusschon.de/nachricht oder eine Email an christian@weisstdusschon.de ------ Das Rätsel zum Mitlesen ------ Buchstaben - Pünktchenträger Der Buchstabe, den wir suchen, steht im Alphabet an neunter stelle und gehört zu den beliebtesten Zeichen des Alphabets. Außerdem ist er Mitglied einer ganz besonderen Buchstaben-Gruppe, die man Vokale nennt. Dazu gehören das A, das E, das O, das U und der Buchstabe, den wir suchen. In der Gebärdensprache steht der abstehende kleine Zeigefinger für das Zeichen, das wir suchen und im Englischen klingt unser Buchstabe wie das deutsche Wort Ei. Also das runde Etwas, das Vögel ausbrüten. Apropos Ei… in diesem Zwei-Buchstaben-Wort ist eines der beiden Zeichen genau das, das wir suchen. In Ei zeigt unser Buchstabe auch seine große Besonderheit. Er trägt nämlich ein Pünktchen über sich, das schwebt über ihm wie ein witziges Ufo. Aber nur dann, wenn unser Zeichen klein geschrieben wird. Als Großbuchstabe steht es allein da - und sieht aus wie ein tiefgefrorener Grashalm. Ein gerader langer Strich von oben nach unten gezeichnet. Je nach Wort, klingt der Buchstabe, den wir suchen, manchmal kurz und manchmal lang. In Mit, Schritt und Witz ist er kurz. In Wir, Mir und Dir wird er lang ausgesprochen. Spricht man ihn ganz allein aus, dann klingt es so als würde man sich vor etwas ekeln. Einen Satz zu formulieren, in dem jedes Wort mit unserem Buchstaben beginnt, ist gar nicht einfach - aber es geht. Der hier zum Beispiel: In immergefroreren Iglus isst Igel Irmgard immer interessantes indisch-italienisches Insekten-Eis. Und? Weißt du's schon? Was suchen wir? Ich sag' es dir! Es ist: Das i! Wie Igel, Italien oder Igitt!

Get 15% off when you buy the Verbs WB, Intermediate WB, and the Prepositions WB. Verbs WB:⁠⁠⁠⁠https://aralola.etsy.com/listing/1745826310⁠⁠⁠⁠ Intermediate WB: ⁠⁠⁠⁠https://aralola.etsy.com/listing/1576473947⁠⁠⁠⁠ Prepositions WB: ⁠⁠⁠⁠https://aralola.etsy.com/listing/1757628429⁠⁠⁠⁠ Weather Vocabularies Workbook: ⁠⁠⁠⁠⁠⁠⁠https://www.etsy.com/listing/1743742676/vocabularies-workbook-arabic-fun-games⁠⁠⁠⁠⁠⁠⁠ Different levels WBs: ⁠⁠⁠⁠⁠⁠⁠https://www.etsy.com/shop/Aralola?ref=dashboard-header§ion_id=45222699⁠⁠⁠⁠⁠⁠ Absolute beginners grammar: ⁠⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1752645270⁠⁠⁠⁠⁠⁠ Absolute beginners Alphabets workbook: ⁠⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1743735098⁠⁠⁠⁠⁠⁠ Alphabets worksheets: ⁠⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1673095946⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1698161881⁠⁠⁠⁠⁠⁠ Alphabets flashcards: ⁠⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1706318089⁠⁠⁠⁠⁠⁠ A link to ALL my ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://linktr.ee/alaa.arabictutor⁠⁠⁠⁠⁠⁠⁠⁠⁠ I just started Instagram and I am pretty active on Tiktok. Follow me on Tiktok if you want to see me live and ask me questions! :3 It has helpful workbooks for beginners and intermediate and some other products. My email for private lessons and packages: alaa.arabictutor@gmail.com Welcome! In today's podcast, we will learn some essential Levantine Arabic vocabularies for deep feelings. Deep feelings are more intense feelings suck as happiness, sadness, safety..... etc. This is a helpful lesson for anyone who wants to speak Levantine Arabic more naturally. ▶️ Visit My Website: https://learnarabic448720950.wordpress.com ▶️ Spotify Podcast: https://open.spotify.com/show/4rabCwXjtej5RRD7HGCKQM ▶️ All My Workbooks And Worksheets On Etsy:⁠ https://aralola.etsy.com⁠ ▶️ Please Subscribe: https://www.youtube.com/@learnlevantinearabicwithalaa Modern Standard Arabic is widely understood, but the real magic happens when you can speak the local dialect – Levantine Arabic. The language you'll hear on the streets is the key to unlocking genuine connections and rich cultural experiences that go way beyond guidebooks. Learning complex phrases can feel daunting, but don't worry! We'll focus on the essentials Once you've mastered these forms, you'll notice a significant improvement in your ability to understand others and express yourself in Levantine Arabic. Your communication will become more fluid and natural, enhancing your overall language proficiency. If you like this video, Please SUBSCRIBE and don't forget to press the bell

Get 15% off when you buy the Verbs WB, Intermediate WB, and the Prepositions WB. Verbs WB:⁠⁠⁠https://aralola.etsy.com/listing/1745826310⁠⁠⁠ Intermediate WB: ⁠⁠⁠https://aralola.etsy.com/listing/1576473947⁠⁠⁠ Prepositions WB: ⁠⁠⁠https://aralola.etsy.com/listing/1757628429⁠⁠⁠ Weather Vocabularies Workbook: ⁠⁠⁠⁠⁠⁠https://www.etsy.com/listing/1743742676/vocabularies-workbook-arabic-fun-games⁠⁠⁠⁠⁠⁠ Different levels WBs: ⁠⁠⁠⁠⁠⁠https://www.etsy.com/shop/Aralola?ref=dashboard-header§ion_id=45222699⁠⁠⁠⁠⁠ Absolute beginners grammar: ⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1752645270⁠⁠⁠⁠⁠ Absolute beginners Alphabets workbook: ⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1743735098⁠⁠⁠⁠⁠ Alphabets worksheets: ⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1673095946⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1698161881⁠⁠⁠⁠⁠ Alphabets flashcards: ⁠⁠⁠⁠⁠https://aralola.etsy.com/listing/1706318089⁠⁠⁠⁠⁠ A link to ALL my ⁠⁠⁠⁠⁠⁠⁠⁠https://linktr.ee/alaa.arabictutor⁠⁠⁠⁠⁠⁠⁠⁠ I just started Instagram and I am pretty active on Tiktok. Follow me on Tiktok if you want to see me live and ask me questions! :3 It has helpful workbooks for beginners and intermediate and some other products. My email for private lessons and packages: alaa.arabictutor@gmail.com Welcome! In today's podcast, we will learn some essential Levantine Arabic vocabularies for deep feelings. Deep feelings are more intense feelings suck as happiness, sadness, safety..... etc. This is a helpful lesson for anyone who wants to speak Levantine Arabic more naturally. ▶️ Visit My Website: https://learnarabic448720950.wordpress.com ▶️ Spotify Podcast: https://open.spotify.com/show/4rabCwXjtej5RRD7HGCKQM ▶️ All My Workbooks And Worksheets On Etsy:⁠ https://aralola.etsy.com⁠ ▶️ Please Subscribe: https://www.youtube.com/@learnlevantinearabicwithalaa Modern Standard Arabic is widely understood, but the real magic happens when you can speak the local dialect – Levantine Arabic. The language you'll hear on the streets is the key to unlocking genuine connections and rich cultural experiences that go way beyond guidebooks. Learning complex phrases can feel daunting, but don't worry! We'll focus on the essentials Once you've mastered these forms, you'll notice a significant improvement in your ability to understand others and express yourself in Levantine Arabic. Your communication will become more fluid and natural, enhancing your overall language proficiency. If you like this video, Please SUBSCRIBE and don't forget to press the bell

Get 15% off when you buy the Verbs WB, Intermediate WB, and the Prepositions WB. Verbs WB:⁠⁠https://aralola.etsy.com/listing/1745826310⁠⁠ Intermediate WB: ⁠⁠https://aralola.etsy.com/listing/1576473947⁠⁠ Prepositions WB: ⁠⁠https://aralola.etsy.com/listing/1757628429⁠⁠ Weather Vocabularies Workbook: ⁠⁠⁠⁠⁠https://www.etsy.com/listing/1743742676/vocabularies-workbook-arabic-fun-games⁠⁠⁠⁠⁠ Different levels WBs: ⁠⁠⁠⁠⁠https://www.etsy.com/shop/Aralola?ref=dashboard-header§ion_id=45222699⁠⁠⁠⁠ Absolute beginners grammar: ⁠⁠⁠⁠https://aralola.etsy.com/listing/1752645270⁠⁠⁠⁠ Absolute beginners Alphabets workbook: ⁠⁠⁠⁠https://aralola.etsy.com/listing/1743735098⁠⁠⁠⁠ Alphabets worksheets: ⁠⁠⁠⁠https://aralola.etsy.com/listing/1673095946⁠⁠⁠⁠ ⁠⁠⁠⁠https://aralola.etsy.com/listing/1698161881⁠⁠⁠⁠ Alphabets flashcards: ⁠⁠⁠⁠https://aralola.etsy.com/listing/1706318089⁠⁠⁠⁠ A link to ALL my ⁠⁠⁠⁠⁠⁠⁠https://linktr.ee/alaa.arabictutor⁠⁠⁠⁠⁠⁠⁠ I just started Instagram and I am pretty active on Tiktok. Follow me on Tiktok if you want to see me live and ask me questions! :3 It has helpful workbooks for beginners and intermediate and some other products. My email for private lessons and packages: alaa.arabictutor@gmail.com Welcome! In today's podcast, we will learn some essential Levantine Arabic vocabularies for deep feelings. Deep feelings are more intense feelings suck as happiness, sadness, safety..... etc. This is a helpful lesson for anyone who wants to speak Levantine Arabic more naturally. ▶️ Visit My Website: https://learnarabic448720950.wordpress.com ▶️ Spotify Podcast: https://open.spotify.com/show/4rabCwXjtej5RRD7HGCKQM ▶️ All My Workbooks And Worksheets On Etsy:⁠ https://aralola.etsy.com⁠ ▶️ Please Subscribe: https://www.youtube.com/@learnlevantinearabicwithalaa Modern Standard Arabic is widely understood, but the real magic happens when you can speak the local dialect – Levantine Arabic. The language you'll hear on the streets is the key to unlocking genuine connections and rich cultural experiences that go way beyond guidebooks. Learning complex phrases can feel daunting, but don't worry! We'll focus on the essentials Once you've mastered these forms, you'll notice a significant improvement in your ability to understand others and express yourself in Levantine Arabic. Your communication will become more fluid and natural, enhancing your overall language proficiency. If you like this video, Please SUBSCRIBE and don't forget to press the bell

Get 15% off when you buy the Verbs WB, Intermediate WB, and the Prepositions WB. Verbs WB:⁠https://aralola.etsy.com/listing/1745826310⁠ Intermediate WB: ⁠https://aralola.etsy.com/listing/1576473947⁠ Prepositions WB: ⁠https://aralola.etsy.com/listing/1757628429⁠ Weather Vocabularies Workbook: ⁠⁠⁠⁠https://www.etsy.com/listing/1743742676/vocabularies-workbook-arabic-fun-games⁠⁠⁠⁠ Different levels WBs: ⁠⁠⁠⁠https://www.etsy.com/shop/Aralola?ref=dashboard-header§ion_id=45222699⁠⁠⁠ Absolute beginners grammar: ⁠⁠⁠https://aralola.etsy.com/listing/1752645270⁠⁠⁠ Absolute beginners Alphabets workbook: ⁠⁠⁠https://aralola.etsy.com/listing/1743735098⁠⁠⁠ Alphabets worksheets: ⁠⁠⁠https://aralola.etsy.com/listing/1673095946⁠⁠⁠ ⁠⁠⁠https://aralola.etsy.com/listing/1698161881⁠⁠⁠ Alphabets flashcards: ⁠⁠⁠https://aralola.etsy.com/listing/1706318089⁠⁠⁠ A link to ALL my ⁠⁠⁠⁠⁠⁠https://linktr.ee/alaa.arabictutor⁠⁠⁠⁠⁠⁠ I just started Instagram and I am pretty active on Tiktok. Follow me on Tiktok if you want to see me live and ask me questions! :3 It has helpful workbooks for beginners and intermediate and some other products. My email for private lessons and packages: alaa.arabictutor@gmail.com Welcome! In today's podcast, we will learn some essential Levantine Arabic vocabularies for deep feelings. Deep feelings are more intense feelings suck as happiness, sadness, safety..... etc. This is a helpful lesson for anyone who wants to speak Levantine Arabic more naturally. ▶️ Visit My Website: https://learnarabic448720950.wordpress.com ▶️ Spotify Podcast: https://open.spotify.com/show/4rabCwXjtej5RRD7HGCKQM ▶️ All My Workbooks And Worksheets On Etsy:⁠ https://aralola.etsy.com⁠ ▶️ Please Subscribe: https://www.youtube.com/@learnlevantinearabicwithalaa Modern Standard Arabic is widely understood, but the real magic happens when you can speak the local dialect – Levantine Arabic. The language you'll hear on the streets is the key to unlocking genuine connections and rich cultural experiences that go way beyond guidebooks. Learning complex phrases can feel daunting, but don't worry! We'll focus on the essentials Once you've mastered these forms, you'll notice a significant improvement in your ability to understand others and express yourself in Levantine Arabic. Your communication will become more fluid and natural, enhancing your overall language proficiency. If you like this video, Please SUBSCRIBE and don't forget to press the bell

Get 15% off when you buy the Verbs WB, Intermediate WB, and the Prepositions WB. Verbs WB:https://aralola.etsy.com/listing/1745826310 Intermediate WB: https://aralola.etsy.com/listing/1576473947 Prepositions WB: https://aralola.etsy.com/listing/1757628429 Weather Vocabularies Workbook: ⁠⁠⁠https://www.etsy.com/listing/1743742676/vocabularies-workbook-arabic-fun-games⁠⁠⁠ Different levels WBs: ⁠⁠⁠https://www.etsy.com/shop/Aralola?ref=dashboard-header§ion_id=45222699⁠⁠ Absolute beginners grammar: ⁠⁠https://aralola.etsy.com/listing/1752645270⁠⁠ Absolute beginners Alphabets workbook: ⁠⁠https://aralola.etsy.com/listing/1743735098⁠⁠ Alphabets worksheets: ⁠⁠https://aralola.etsy.com/listing/1673095946⁠⁠ ⁠⁠https://aralola.etsy.com/listing/1698161881⁠⁠ Alphabets flashcards: ⁠⁠https://aralola.etsy.com/listing/1706318089⁠⁠ A link to ALL my ⁠⁠⁠⁠⁠https://linktr.ee/alaa.arabictutor⁠⁠⁠⁠⁠ I just started Instagram and I am pretty active on Tiktok. Follow me on Tiktok if you want to see me live and ask me questions! :3 It has helpful workbooks for beginners and intermediate and some other products. My email for private lessons and packages: alaa.arabictutor@gmail.com Welcome! In today's podcast, we will learn some essential Levantine Arabic vocabularies for deep feelings. Deep feelings are more intense feelings suck as happiness, sadness, safety..... etc. This is a helpful lesson for anyone who wants to speak Levantine Arabic more naturally. ▶️ Visit My Website: https://learnarabic448720950.wordpress.com ▶️ Spotify Podcast: https://open.spotify.com/show/4rabCwXjtej5RRD7HGCKQM ▶️ All My Workbooks And Worksheets On Etsy:⁠ https://aralola.etsy.com⁠ ▶️ Please Subscribe: https://www.youtube.com/@learnlevantinearabicwithalaa Modern Standard Arabic is widely understood, but the real magic happens when you can speak the local dialect – Levantine Arabic. The language you'll hear on the streets is the key to unlocking genuine connections and rich cultural experiences that go way beyond guidebooks. Learning complex phrases can feel daunting, but don't worry! We'll focus on the essentials Once you've mastered these forms, you'll notice a significant improvement in your ability to understand others and express yourself in Levantine Arabic. Your communication will become more fluid and natural, enhancing your overall language proficiency. If you like this video, Please SUBSCRIBE and don't forget to press the bell

Weather Vocabularies Workbook: ⁠⁠https://www.etsy.com/listing/1743742676/vocabularies-workbook-arabic-fun-games⁠⁠ Different levels WBs: ⁠⁠https://www.etsy.com/shop/Aralola?ref=dashboard-header§ion_id=45222699⁠ Absolute beginners grammar: ⁠https://aralola.etsy.com/listing/1752645270⁠ Absolute beginners Alphabets workbook: ⁠https://aralola.etsy.com/listing/1743735098⁠ Alphabets worksheets: ⁠https://aralola.etsy.com/listing/1673095946⁠ ⁠https://aralola.etsy.com/listing/1698161881⁠ Alphabets flashcards: ⁠https://aralola.etsy.com/listing/1706318089⁠ A link to ALL my ⁠⁠⁠⁠https://linktr.ee/alaa.arabictutor⁠⁠⁠⁠ I just started Instagram and I am pretty active on Tiktok. Follow me on Tiktok if you want to see me live and ask me questions! :3 It has helpful workbooks for beginners and intermediate and some other products. My email for private lessons and packages: alaa.arabictutor@gmail.com Welcome! In today's podcast, we will learn some essential Levantine Arabic vocabularies for deep feelings. Deep feelings are more intense feelings suck as happiness, sadness, safety..... etc. This is a helpful lesson for anyone who wants to speak Levantine Arabic more naturally. ▶️ Visit My Website: https://learnarabic448720950.wordpress.com ▶️ Spotify Podcast: https://open.spotify.com/show/4rabCwXjtej5RRD7HGCKQM ▶️ All My Workbooks And Worksheets On Etsy:⁠ https://aralola.etsy.com⁠ ▶️ Please Subscribe: https://www.youtube.com/@learnlevantinearabicwithalaa Modern Standard Arabic is widely understood, but the real magic happens when you can speak the local dialect – Levantine Arabic. The language you'll hear on the streets is the key to unlocking genuine connections and rich cultural experiences that go way beyond guidebooks. Learning complex phrases can feel daunting, but don't worry! We'll focus on the essentials Once you've mastered these forms, you'll notice a significant improvement in your ability to understand others and express yourself in Levantine Arabic. Your communication will become more fluid and natural, enhancing your overall language proficiency. If you like this video, Please SUBSCRIBE and don't forget to press the bell

Title: Languaging in Hampton Roads Episode 12 : You Can't Play Scrabble in Urdu: Endangered Alphabets and Minority Scripts Hosts: Jill Winkowski and Prue Salasky Date: Dec. 31, 2024 Length: 48:20 Publication Frequency: Fourth Friday (approx)  of each month Co-hosts Jill Winkowski and Prue Salasky invite listeners to join them at https://languagemuseum.org as they present on ‘languaging in Hampton Roads' to The National Museum of Language, part of its monthly online speaker series. The event runs from 2 to 4 p.m EST  on Saturday, Jan. 4, 2025; registration is free at https://languagemuseum.org/speaker-series/#lghr The talk will be recorded and available on the NML site going forward. This month we interview Tim Brookes, a teacher, writer, and wood carver.  Fifteen years ago Brookes launched the Endangered Alphabets Project to raise awareness about — and to preserve — the estimated 275 minority scripts threatened with extinction. While there are 7,000 spoken languages still extant, there are only 300 scripts worldwide. Brookes memorializes the scripts by carving them in wood, a unique blend of art and literacy. He will host his 2nd Annual World Endangered Writing Day on Jan. 23, 2025 at https://www.endangeredwriting.world/  following the success of the inaugural event last year. Live-streamed speakers include script inventors, digitization experts, font creators, community activists and in-the-field researchers. Find an archive of last year's event at https://www.youtube.com/watch?v=oHR3fRN60tw&list=PLYG37Sb2buKjaMtjztHjDc5pSS1a1jorr).  According to Brookes, his website https://www.endangeredalphabets.com/ will feature a gallery that “celebrates a remarkable phenomenon that is springing up worldwide: people who are reviving their traditional scripts by teaching them through calligraphy workshops.” There will be give-aways and a quiz.  Brookes' two most recent books are “An Atlas of Endangered Alphabets” and “Writing Beyond Writing,” available through his website or Amazon.  In our wide-ranging interview with Brookes, edited for length, we discuss minority scripts around the world, cursive writing in the U.S.,the effects of printing and mechanization, and address the question, “What is writing?” We even find some connections to Hampton Roads, our local region.

I have a Mix-and-Match deal on most of the workbooks in my Etsy store, ARALOLA. When you choose a workbook, you'll see a note that says, 'If you get these 2, you will receive a discount Intermediate Workbook: https://www.etsy.com/listing/1576473947/intermediate-level-levantine-arabic Workbooks (all levels) at my Etsy Shop: ARALOLA My email for private lessons and packages: alaa.arabictutor@gmail.com Links to all my social media: https://linktr.ee/alaa.arabictutor Beginners Level Workbook:⁠ https://www.etsy.com/listing/1686728957 ⁠ Writing practice worksheets: https://www.etsy.com/listing/1673095946 ⁠ A quick link to all my workbooks and worksheets: https://www.etsy.com/shop/Aralola?ref=shop-header-name&listing_id=1576473947&from_page=listing%C2%A7ion_id%3D45222699 It has helpful workbooks for beginners and intermediate and some other products. Welcome! In this short video, ill be speaking in Arabic with a translation anouncing a new workbook I am working on. ▶️ Visit My Website: https://learnarabic448720950.wordpress.com ▶️ Spotify Podcast: https://open.spotify.com/show/4rabCwXjtej5RRD7HGCKQM ▶️ All My Workbooks And Worksheets On Etsy:⁠ https://aralola.etsy.com⁠ ▶️ Please Subscribe: https://www.youtube.com/@learnlevantinearabicwithalaa Modern Standard Arabic is widely understood, but the real magic happens when you can speak the local dialect – Levantine Arabic. The language you'll hear on the streets is the key to unlocking genuine connections and rich cultural experiences that go way beyond guidebooks. Learning complex phrases can feel daunting, but don't worry! We'll focus on the essentials Once you've mastered these forms, you'll notice a significant improvement in your ability to understand others and express yourself in Levantine Arabic. Your communication will become more fluid and natural, enhancing your overall language proficiency. If you like this video, Please SUBSCRIBE and don't forget to press the bell

In dieser ersten Folge der dritten Staffel werfen wir einen genaueren Blick auf das kyrillische Schriftsystem, seine Geschichte und seinen prägenden Einfluss auf die moderne russische Sprache. Wir sprechen über die historischen Ursprünge des Schriftsystems, seine Entwicklung über die Jahrhunderte und die Rolle, die das Kirchenslawische und die orthodoxe Kirche in diesem Prozess gespielt haben. Außerdem gehen wir der Frage nach, warum andere ostslawische Sprachen auch Elemente des uns bekannten lateinischen Alphabets enthalten. Begleite uns auf eine Reise durch Geschichte, Sprache und Kultur. Ein Podcast von Anton und Jakob. Instagram: https://www.instagram.com/sprachpfade --- Literatur:Trunte, Nicolina. 2003. Altkirchenslavisch. 5. Auflage. München: Sagner.Zybatow, Lew N. 2000. Sprachwandel in der Slavia. Die slavischen Sprachen an der Schwelle zum 21. Jahrhundert, Frankfurt am Main u.a.: Peter Lang.Alle Bücher ausleihbar in deiner nächsten Bibliothek! --- weitere Links: Issatschenko, Alexander. 1975. Mythen und Tatsachen über die Entstehung der Russischen Literatursprache. Wien: Verlag der Österreichischen Akademie der Wissenschaften. Zugriff über: http://www.kroraina.com/slav/issatschenko_1975.htm#3 (18.11.2024).Eine kurze Geschichte der russischen Sprache (Video auf Russisch): https://www.youtube.com/watch?v=vDSn1HWY8J8&t=220sÜbersicht zur Russischen Sprache und zur Rolle des kyrillischen Alphabets: https://de.wikipedia.org/wiki/Russische_Sprache.Kritische Reflexion zur russischen Sprache: https://www.dekoder.org/de/gnose/ostslawische-sprachen-geschichte-entwicklung.Übersicht phonologischer Besonderheiten des Russischen: https://research.uni-leipzig.de/agintern/phonetik/Downloads/Russisch.pdf. HINWEIS: Wir haben in dieser Folge Seiten aus der Wikipedia verlinkt. Das bedeutet nicht, dass wir jeder einzelnen Information jedes einzelnen Artikels der Wikipedia trauen. Die hier verlinkten Artikel besitzen aber trotz anführbarer Kritik eine gewisse Qualität und eignen sich deshalb als Ausgangspunkt, um sich mit dem Thema zu beschäftigen. Falls ihr mit unseren Einschätzungen nicht übereinstimmt, meldet euch gerne. Gegenüber Themenvorschlägen für die kommenden Ausflüge in die Sprachwissenschaft und Anregungen jeder Art sind wir stets offen. Wir freuen uns auf euer Feedback! Schreibt uns dazu einfach an oder in die DMs: anton.sprachpfade@protonmail.com oder jakob.sprachpfade@protonmail.com --- Grafiken und Musik von Elias Kündiger https://on.soundcloud.com/ySNQ6

Gewisse bekannte Produkte schreiben ihre Produktnamen nicht einfach in einer gewöhnlichen Schrift, sondern in ihrer ganz eigenen. Das heisst, sie bedienen sich nicht den gängigen Standardschriften, sondern habe ihre ganz eigene Schreibweise des Alphabets und der Zahlen. Das ist doch einigermassen aufwändig und bemerkenswert. Da diese Schriftart vermutlich auch gesetzlich geschützt ist und nicht einfach so verwendet werden darf, ist sie automatisch für uns mit diesem Produkt oder der Produktfamilie verknüpft. Angenommen ich würde ein Konkurrenzprodukt mit so einer Schrift sehen - es wäre wie ein Widerspruch und ich wüsste, dass da etwas nicht stimmt. So ist es auch bei uns Menschen. Unser Charakter ist uns eigen. Wenn wir wie andere sein wollen, dann gelingt uns das nur beschränkt. Und wie man die Produktschriften mögen mag oder nicht - so geht es auch uns: mit manchen kommen wir besser klar als mit anderen. Wichtig ist: sei Du Du, weil Du so geschaffen wurdest. Ich wünsche Dir einen aussergewöhnlichen Tag!

"A word is a kind of painting of which the subject is a thought," wrote Nicolas Beauzée. Even an Enlightenement Frenchman is right twice a day. But where does that leave the written word--as a picture of a picture of a thought? Yes, I argue in this episode, and there's profundity in that which goes far beyond the history of alphabets--though that is, in its own right, exceptionally cool too. It's all here in the latest words, words, words. Dear English Language: https://www.youtube.com/watch?v=zJ69ny57pR0 Sign up to Audit my Class: ncf.edu/youngheretics Check out our sponsor, the Ancient Language Institute (now offering Old English instruction!): https://ancientlanguage.com/youngheretics/ Pre-order my new book, Light of the Mind, Light of the World: https://a.co/d/2QccOfM Subscribe to my new joint Substack with Andrew Klavan (no relation): https://thenewjerusalem.substack.com

Have scientists discovered an alphabet in whale calls? As researchers try to decipher the series of clicks made by sperm whales, we ask whether these cetaceans might have language, and if it follows that whales are thinking animals too. Could we one day get a peek into the thoughts of a humpback whale? Meanwhile, somewhere along the long path of evolution, one species emerged with an impressive gift for gab. Are speech and language unique human superpowers? Guests: Carl Zimmer – Columnist, The New York Times, including the article, “Scientists Find an ‘Alphabet' in Whale Songs”. (gift article) Ev Fedorenko – Cognitive neuroscientist, director of the EV Lab, MIT Tecumseh Fitch – Evolutionary biologist at the University of Vienna Featuring music by Dewey Dellay and Jun Miyake You can get early access to ad-free versions of every episode by joining us on Patreon. Thanks for your support! Big Picture Science is part of the Airwave Media podcast network. Please contact advertising@airwavemedia.com to inquire about advertising on Big Picture Science.   Learn more about your ad choices. Visit megaphone.fm/adchoices

In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Philipp Vetter und Holger Zschäpitz über eine Gewinn-Explosion bei Spotify, einen enttäuschenden Start in die Magnificent-7-Zahlen, und Metas neues Spielverderber-KI-Modell. Außerdem geht es um SAP, UPS, LVMH, Hypoport, Volkswagen, Porsche SE, Nio, BYD, General Motors, Friedrich Vorwerk, iShares Core MSCI World UCITS ETF (WKN: A0RPWH). Wir freuen uns an Feedback über aaa@welt.de. Ab sofort gibt es noch mehr "Alles auf Aktien" bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

In this episode, Christopher Moseley talked about the state of the Estonian Language, Translations, his work on Minority and Endangered Languages and his Translation 'The Man Who Spoke Snakish' a Beautiful moving story of a boy who is tasked with preserving ancient traditions in the face of modernity written by Famous Estonian Author Andrus Kivirähk.Christopher Moseley has been the General Editor of the UNESCO Atlas of the World's Languages in Danger since 2008 and is now a member of the editorial team of its successor, the World Atlas of Languages. From 2007 to 2011, he was a Teaching Fellow in Latvian at the School of Slavonic and East European Studies at University College, London. Originally from Australia, he came to Britain to study Scandinavian languages in 1974, but since then, his main interests have slipped eastwards to Finland and the Baltic countries. While working as a journalist and translator specialising in Baltic affairs at BBC Monitoring, Caversham, he completed a M.Phil., also at SSEES, on the dying Livonian language of Latvia – a close relative of Estonian. After 19 years' service at the BBC, he became a freelance translator and editor in 2005. He is the author of Colloquial Estonian and co-author of Colloquial Latvian for Routledge. He has also co-edited the Routledge Atlas of the World's Languages and edited the same publisher's Encyclopedia of the World's Endangered Languages and most recently the third edition of the Atlas of the world's languages in danger for UNESCO. His most recent work is a revision of George Campbell's Routledge Handbook of Scripts and Alphabets (2012). He translates into English from Estonian, Latvian, Lithuanian, Finnish, Danish and Swedish. To buy 'The Man Who Spoke Snakish' - https://www.amazon.com/Man-Who-Spoke-Snakish/dp/0802124127* For your Valuable feedback on this Episode - Please click the link below.https://tinyurl.com/4zbdhrwrHarshaneeyam on Spotify App –https://harshaneeyam.captivate.fm/onspotHarshaneeyam on Apple App – https://harshaneeyam.captivate.fm/onapple*Contact us - harshaneeyam@gmail.com ***Disclaimer: The views and opinions expressed by Interviewees in interviews conducted by Harshaneeyam Podcast are those of the Interviewees and do not necessarily reflect the official policy or position of Harshaneeyam Podcast. Any content provided by Interviewees is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.This podcast uses the following third-party services for analysis: Podtrac - https://analytics.podtrac.com/privacy-policy-gdrpChartable - https://chartable.com/privacy

In the episodes of 'Studying the Biblical Languages', Dr. Douglas Smith ( @studyingthebiblicallanguages ) aims to encourage and equip people on the journey to learn the languages of the Bible: Hebrew, Aramaic, and Greek. In this particular episode, Dr. Smith gives tips for learning the Hebrew/Aramaic and Greek alphabets. Tips for learning the Hebrew/Aramaic and Greek alphabets: say it, sing it, and write it! Tune in to learn more. https://sites.google.com/view/studyingthebiblicallanguages https://www.youtube.com/playlist?list=PLg-63gnTb6ITaMRK9gvTLPlTu54JqLdlj ***GlossaHouse resources are available at our website! - https://glossahouse.com/ ✏️ ***Sign up for classes with GlossaHouse U - https://glossahouse.com/pages/classes

We look at several magical alphabets and scripts this time, from runes to ogham to Enochian

Für das Buch «Das Alphabet der sexualisierten Gewalt» wurde Laura Leupi für den renommierten Ingeborg-Bachmann-Preis nominiert. Das Buch suche eine Sprache für das Unaussprechliche, urteilt die Jury. Leupi ist zu Gast bei David Karasek live von den Solothurner Literaturtagen. Anhand der Buchstaben des Alphabets thematisiert Laura Leupi sexuelle Gewalt in Schlagworten. Für "Das Alphabet der sexualisierten Gewalt wurde Laura Leupi für den Ingeborg-Bachmann-Preis nominiert. Das Urteil der Jury: "Eindringlich und eindrücklich, schonungslos und aufrichtig, mutig und klug greift Leupi ein brennendes Thema auf und nähert sich ihm auf vielen Wegen und vielen verschiedenen Formen". Laura Leupi nutzt Prosa und Lyrik, um über erlebte sexualisierte Gewalt zu sprechen. Leupi ist zu Gast im «Tagesgespräch» live von den Solothurner Literaturtagen.

Cette semaine on s'attaque encore une fois aux vrais problèmes de société. Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

Der Buchstabe, den wir suchen, gehört zu den beliebtesten Zeichen des Alphabets. Außerdem ist er Mitglied einer ganz besonderen Buchstaben-Gruppe, die man Vokale nennt. Im Englischen klingt unser Buchstabe wie das deutsche Wort Ei. Also das runde Etwas, das Vögel ausbrüten. Apropos Ei - in diesem Zwei-Buchstaben-Wort ist eines der beiden Zeichen genau das, das wir suchen. Und? Weißt du's schon? Was suchen wir? Ich sag' es dir! Infos zu den Werbepartnern: https://weisstdusschon.de/werbepartner Euch gefällt Weißt du's schon? Dann unterstützt meine Arbeit. Danke! Supporter:innen-Abo bei Apple Podcasts: https://apple.co/3FPh19X Supporter:innen-Abo bei Steady: https://steadyhq.com/wds PayPal-Spende: https://bit.ly/3v891w3 Mehr Infos: https://weisstdusschon.de Feedback, Fragen, Rätselwünsche? Schickt mir eine Nachricht für den Podcast: https://weisstdusschon.de/nachricht ------ Das Rätsel zum Mitlesen ------ Buchstaben - Miniufo Der Buchstabe, den wir suchen, steht im Alphabet an neunter stelle und gehört zu den beliebtesten Zeichen des Alphabets. Außerdem ist er Mitglied einer ganz besonderen Buchstaben-Gruppe, die man Vokale nennt. Dazu gehören das A, das E, das O, das U und der Buchstabe, den wir suchen. In der Gebärdensprache steht der abstehende kleine Zeigefinger für das Zeichen, das wir suchen und im Englischen klingt unser Buchstabe wie das deutsche Wort Ei. Also das runde Etwas, das Vögel ausbrüten. Apropos Ei… in diesem Zwei-Buchstaben-Wort ist eines der beiden Zeichen genau das, das wir suchen. In Ei zeigt unser Buchstabe auch seine große Besonderheit. Er trägt nämlich ein Pünktchen über sich, das schwebt über ihm wie ein witziges Ufo. Aber nur dann, wenn unser Zeichen klein geschrieben wird. Als Großbuchstabe steht es allein da - und sieht aus wie ein tiefgefrorener Grashalm. Ein gerader langer Strich von oben nach unten gezeichnet. Je nach Wort, klingt der Buchstabe, den wir suchen, manchmal kurz und manchmal lang. In Mit, Schritt und Witz ist er kurz. In Wir, Mir und Dir wird er lang ausgesprochen. Spricht man ihn ganz allein aus, dann klingt es so als würde man sich vor etwas ekeln. Einen Satz zu formulieren, in dem jedes Wort mit unserem Buchstaben beginnt, ist gar nicht einfach - aber es geht. Der hier zum Beispiel: In immergefroreren Iglus isst Igel Irmgard immer interessantes indisch-italienisches Insekten-Eis. Und? Weißt du's schon? Was suchen wir? Ich sag' es dir! Es ist: Das i! Wie Igel, Italien oder Igitt!

#MakingDataSimplePodcast welcomes Jaclyn Rice Nelson, CEO & Co-founder of Tribe AI, a network of the world's top technologists that build advanced AI solutions, AND Coalition Operators, an early-stage venture fund and top women's operator network.  This week is Part 1 -  Where we simply discuss the state of AI.01:29 Meet Jaclyn Rice Nelson06:03 Being learning oriented 08:22 Alphabets growth equity arm 15:30 What AI now?  User interface?19:52 What to do with hallucinations?27:53 Business adoptionLinkedInWSJ spotlight https://techlive.wsj.com/person/jaclyn-rice-nelson/Website: Tribe.AI, Coalition OperatorsWant to be featured as a guest on Making Data Simple?  Reach out to us at almartintalksdata@gmail.com and tell us why you should be next.  The Making Data Simple Podcast is hosted by Al Martin, WW VP Technical Sales, IBM, where we explore trending technologies, business innovation, and leadership ... while keeping it simple & fun. 

#MakingDataSimplePodcast welcomes Jaclyn Rice Nelson, CEO & Co-founder of Tribe AI, a network of the world's top technologists that build advanced AI solutions, AND Coalition Operators, an early-stage venture fund and top women's operator network.  This week is Part 1 -  Where we simply discuss the state of AI.01:29 Meet Jaclyn Rice Nelson06:03 Being learning oriented 08:22 Alphabets growth equity arm 15:30 What AI now?  User interface?19:52 What to do with hallucinations?27:53 Business adoptionLinkedInWSJ spotlight https://techlive.wsj.com/person/jaclyn-rice-nelson/Website: Tribe.AI, Coalition OperatorsWant to be featured as a guest on Making Data Simple?  Reach out to us at almartintalksdata@gmail.com and tell us why you should be next.  The Making Data Simple Podcast is hosted by Al Martin, WW VP Technical Sales, IBM, where we explore trending technologies, business innovation, and leadership ... while keeping it simple & fun. 

Katie Holten is an Irish artist and activist based in New York City whose work is inspired by the relationship between humans and the natural world. She's spent the last several years working on a tree alphabet to translate the world in a way that might connect us more intimately with nature, where each letter corresponds with an indigenous tree species (there's even a downloadable font). Earlier this year, Holten published a gorgeous book called "The Language of Trees: A Rewinding of Literature and Landscape." The book, which includes contributions from people like Winona LaDuke, Camille Dungy, and Ross Gay, is both an offering, a conversation, and a call to action. On this week's episode, we speak with Katie about the ways in which people can rebuild their connection with the land, repairing our broken language through nature and story, the process of creating the language of trees, and the importance of art as a tool for social and political action.Photo courtesy of Katie Holten.Dyed Green is a project of Bog & Thunder, whose mission is to highlight the best of Irish food and culture, through food tours, events, and media. Find out more at www.bogandthunder.com.Dyed Green is Powered by Simplecast.

Join Aaron and Chris on Another Great Day, the podcast designed to encourage interaction, creativity, and conversation. In this episode, sponsored by Tortillas - Sleeping Bags for Beans, the dynamic duo explores the Congress of Manastir's establishment of the Albanian alphabet in 1908. They also tackle the intriguing Question of the Day: If you could change the spelling of your name, what would it be? The show features a Word of Wisdom from Proverbs 25:20, reminding us about the sensitivity of cheerful songs to a heavy heart. Plus, stay tuned for a dose of dad jokes and the hosts' signature sign-off, wishing you Another Great Day! --- Send in a voice message: https://podcasters.spotify.com/pod/show/anothergreatday/message

Abhay Kumar or Abhay K. (born 1980) is an Indian poet-diplomat and India's 21st Ambassador to Madagascar and Ambassador to Comoros. He has served in different diplomatic capacities earlier in Russia, Nepal and Brazil. His published collections of poetry include The Seduction of Delhi, The Eight-Eyed Lord of Kathmandu, The Prophecy of Brasilia, The Alphabets of Latin America among others, while his edited books are CAPITALS, 100 Great Indian Poems, 100 More Great Indian Poems, New Brazilian Poems, The Bloomsbury Anthology of Great Indian Poems,The Bloomsbury Book of Great Indian Love Poems among others. He recorded his poems at the Library of Congress. His writings cover poetry, art, memoir, global democracy and digital diplomacy. His Earth Anthem has been translated into over 50 languages and was played at the United Nations to celebrate the 50th anniversary of the Earth Day. He also wrote an anthem for SAARC spurring search for an official SAARC Anthem. He wrote a 'Moon Anthem' to celebrate the success of India's Moon Mission Chandrayaan-2. He has penned a 'Mars Anthem' to inspire the younger generation to explore our neighbouring red planet. He has also penned a Venus Anthem.

Dive into the fast-paced and exciting world of artificial intelligence with our podcast series! Join our expert guests, Dr. Mfon Akpan and Dr. Scott Dell, as they unravel the mysteries of AI, explore the cutting-edge developments in language models like ChatGPT, and discuss the massive impact of these technologies on industries like accounting. From the thrilling acceleration of AI adaptation to ethical concerns and security implications, this podcast explores it all. Tune in to stay at the forefront of one of the hottest topics in technology today!Connect with our speakers:Dr. Mfon Akpan - https://www.linkedin.com/in/drmfonakpan/Dr. Scott Dell -  https://www.linkedin.com/in/drscottcpa/SF Magazine Article by our speakersFull Episode Transcript:Adam:            Welcome to Count Me In. I'm your host, Adam Larson, and today we're diving deep into the world of AI. A subject that has been making waves across industries. Transforming the way we work, communicate, and think. With me are our esteemed guests; Dr. Mfon Akpan, Assistant Professor of Accounting at Methodist University. And Dr. Scott Dell, Assistant Professor of Accounting at Francis Marion University. They bring a wealth of knowledge and insights into AI's history, its current impact, and what's on the horizon.  We'll discuss everything from AI's phenomenal growth; to its applications, ethics, security concerns, and much more. So buckle up and let's embark on this fascinating journey into the digital revolution. Adam:            Mfon and Scott, thank you so much for coming on the podcast. We're really excited we're going to be talking about AI and ChatGPT, and all that comes underneath that. And we're really excited to have this because this is a very hot topic, and people are talking about it. You see articles about it every day. You see updates, you see leaders writing letters saying, "Let's stop all AI for six months." Et cetera. Maybe we could just start at a high level. What is AI? What are these chat bots? What are these things doing for us? Scott:              Amazing tool, and thank you for having us. It's a pleasure to be here and to share. I'll kick things off, Mfon, if it's all right. This artificial intelligence has been around for over 60 years. So you say, "Wait a minute, why is it so new?" Well, what's new is the capabilities because of the computing power we now have. And the tool is amazing; it is changing life as we know it. We haven't seen the likes of this since the printing press. It's an environment that can really do things, change work, augment work, replace work, but makes things better. Your thoughts, Mfon? Mfon:             Yes, and I think some of the excitement around it is that we haven't seen this type of growth, in a platform as well. So you think about it was released, November 30th 2022. Five days, the platform got a million users. So you think about in 2010, it took Instagram two and a half months to get to a million users. So there's a lot of excitement, and then there's a lot of acceleration and speed around the platform, as well. Scott:              As a follow up to that, 100 million users mark was reached in two months. Compared to TikTok, I think, it was nine months to get that far, that fast. So it has been an amazing adaptation of the technology. Adam:            So maybe we can talk a little bit about how does it work. And, then, from there, maybe, talk about what benefits it may have for the accounting profession as a whole. Mfon:             Well, it's a language model, so it has an interface. So you're able to go to the platform, you go to the website, and you're able to ask it questions, or you can copy and paste information and ask it to do things. So from the profession side, if you're asking it to solve problems. You can ask it to solve a problem, or you can have it write an email, write a letter, it can produce content for you. Scott:              And as Mfon mentioned, it is an LLM, one of those three-letter acronyms, a large language model. But what it does is it projects words. So it looks at the previous word and it says, "Mm, what would the next logical word be?"                          Which, sometimes, if you've ever played the game of telephone, as a kid, sometimes, you get to the end of that line and nothing resembles how it started out. And that sometimes happens, as well, with the ChatGPT and GPT-4 environment. Because it is projecting with probabilities, "Yep, I think this is the next word." And sometimes it's dead wrong. It's called hallucinating, it's the actual technical term. Mfon:             It does hallucinate. But what's so fascinating when you use it, it is projecting. But I guess it feels like you get the impression that it's thinking, even though it's not thinking. So you can ask it questions and it will give you answers, so there's that interaction. But it is projecting and it does, sometimes, hallucinate, or make up answers, give you false information.  Scott:              And the fear I really have, in the hands of professionals, we can, probably, take a look and say, "Oh, this isn't quite right. This is illogical." But for a novice, and for newbies like our students, they will look at this and say, "The English is so good. It just flows so, logically, it must be right." And it's not, although, often enough it is right. So there's a balance. Adam:            Yes, so talking about people using it. Obviously corporations, people within corporations, within organizations, are using it. Within the accounting profession are using it, and people are having to create policies. There are new workarounds coming out there. People are saying, "Okay, you can use this, but you can use it for that." I saw one example, where somebody put in a fake balance sheet and said, "Analyze this for me." And it gave a really interesting analysis. Then, you have to worry, "Oh, am I putting somebody's data into this thing?" And you have to worry about those things. And, so, how can this tool be used for management accounting? In the accounting space, obviously, without giving away too much personal data? Scott:              Security consciousness is we need to be there. I mean, you're hearing about the deepfakes. I just heard about a scandal in Hong Kong, a banker that sent millions of dollars, based on what sounded like the voice of the person, the CEO, that was asking for the money, and millions were lost.  So there are a lot of nefarious uses out there. But there are a lot of positive uses, and using it in the business environment. I mean, there are a number of businesses that have banned it as well. School systems that have banned it. But there's a lot of fear in the air. I think there's more hope than fear, though, and more opportunity. Mfon:             Yes, there is more opportunity. And from an interview that I read with Ilya Sutskever, I hope I'm saying his name correctly, he's the chief scientist at OpenAI. From what he was explaining, they consider their value with the platform is the reliability.So there's a focus on updating and moving the platform to become more and more reliable, as far as the output. And he was explaining, if you look at the jump from the 3.5 to the 4.0 version, you see that there's a movement towards this reliability.  On the other side, if you watch the interview with Sundar Pichai, from Google, when he talked about Bard, similar, well, I shouldn't say similar, he called it guardrails. So they're releasing Bard and they have it out there, so that they're testing it. So it's twofold, they're getting the public used to the technology and, at the same time, they're testing it so they can slowly release it and put in, as he called it, guardrails, with the technology. As they further release it and develop it. So I think all of this is in mind, as it moves forward. Scott:              And we started off with the pace of adaptation of this tool. The pace that we are needing to adjust to it is also very quickly. And, Adam, you brought up a great point about security concerns. Putting in somebody's private data, PII stuff. You're looking at it and saying, "Wait a minute, is this recording me? Is it going to take it? Is it going to repackage it and spit it back out to somebody else?" And the short answer is it very well could be. We do have the rightful fear, but we're all getting used to this. It just has been such a rapid ramp up and the guardrails do need to be in place, and everybody's concerned about that.  But take for example, if you wanted to get scammed and you're saying, "Okay, we're going phishing. Give me a phishing email that's going to be effective with this kind of tone or whatever else." And now there are guardrails in the place to hold you back and saying, "We're not going to do that." Then you say, "But I'm an educator, and I want an example of a phishing email so I can demonstrate for my students that this is not the right thing to do, but look how powerful it can be." And that also used to trip up the AI and say, "Oh, okay, yes, let me give you an example." And there's ways around it, and all kinds of folks are trying to get into this, we'll call it the black box, and take advantage. It doesn't take very many bad players. But most of the folks are good players that are using it to their advantage, in the workplace.  But we mentioned earlier a number of companies, folks like JP Morgan, and Bank of America, Goldman Sachs, that have banned it for internal use, and there must be a reason as well. The banks, I can see where they'd be real concerned about their security. Adam:            Mh-hmm, yes, I've been reading, too, that there's a lot of concern about privacy of data. And even when I've talked to folks, internally, at our organization, are like "Oh, can we use it?" "Well, just be careful what you put in there." "Okay, well, can we have some more guardrails around what I'm supposed to put in there?" Because when you're using these tools, it's all about asking the right questions. And if you don't know how to ask the right questions. Soon enough, we'll see courses out there saying, "How to ask the right questions to ChatGPT." Scott:              I actually talk about that; it's called prompt engineering. Six months ago, we didn't even realize it existed, even though it did exist at that time. But right now there are so many new job opportunities in this prompt engineering. How you ask the questions. I used to call this a Google on steroids. I've had to change my tune because Google, you just do a quick ask. And yes, you can get away with that in ChatGPT and GPT-4. But really, you really want to set the stage, tell it what you want. The format you want it out, the tone you want it to project. You really have to have a pretty well developed question, and there are some methodologies to do that, to properly ask a prompt. Mfon:             Yes, it's a good point. And if you think about it, with this chat bot technology, it's still in the infrastructure phase. So you think about companies, they're still working on the whole infrastructure and, to some extent, they're building it while it's flying, if you think about that. And eventually it'll reach a point where we'll get to the application phase.  But a lot of this, in my opinion, is moving way faster than we've seen before. So it's not new, but it's faster than before. So I try to think about if you think about social networks, social media because they compare, like Scott was saying, reach a 100 million monthly active users, or MAU, that's one of the metrics for social media. You think about 2002, there was Friendster. I don't know if anybody remembers Friendster.  Scott:              We actually do. Adam:            2003, Myspace, and that had 25 million users, and that was one of the top websites out there, at that time. And, then, Facebook comes along, Twitter, and then now you've got TikTok, a billion monthly active users. And, I think, Facebook is at 1.9, or something like that, billion monthly. So if you look at it in that way, it's still moving. But this isn't happening from 2002 to the 2020s. This is happening, really, if you look at it, in months. We've seen a lot of exponential growth. Scott:              Yes, the modern AI, as we know it, as we see it, is still in its infancy. And there's been discussion something about AGI, and you're talking about Artificial General Intelligence. Which is the level of where it's going to be in, who knows, six months, two years, five years, 10 years. I mean, GPT-2 was released back in 2019, then we had GPT-3 in 2021. So it has been ramping up. But, well, just wait till this stuff hits adolescents. We think our kids are off the guardrails, let's watch out for ChatGPT, and GPT-4, and GPT-5 eventually to come. Even though they put the brakes a little bit, they're slowing that down. Mfon:             Or another platform or that'll rise up. Adam:            Yes, I was just going to say that. You mentioned Myspace and then it was taken over by Facebook. Chat GPT is the big one now. I mean, I remember Myspace, I had a Myspace page, and then Facebook, I was like, "What's Facebook? What's this new thing?" And everybody gets the Facebook page. And, then, you forget about Myspace because it's no longer the relevant platform. And, then, you talk to kids, nowadays, you say Facebook. They're like, "What's Facebook? I'm using…" whatever the platform they're using. So there's always a newer platform that's going to come along.  And I think the other thing to remember, too, is ChatGPT, like you said, it's in a beta. It's not even fully out, but yet people are using it like it's fully there. And you have to remember those guardrails and, maybe, we can talk a little bit. How can companies use this within their organization, in a safe way? Because, obviously, you don't want to do too major stuff, but you can also utilize it for helping in some ways, too. Scott:              Well, as previously mentioned, we started saying you got to be careful and we need to educate. The same way we need to educate, "Don't click on that attachment on that email." Because it might open something up that's going to do something and cause a ransomware to be loaded, or whatever it might be. We need to educate and train our folks to say, "Well, how do we properly and effectively use this stuff?" Because you can go off the deep end and can go any direction.  And I mentioned, earlier, that as a professional, you can use this stuff and you can acknowledge, "Okay, wait a minute, this is nonsense, or this is really good." It can augment what you're doing. If you know what you're doing, that's the best use to let it help you do what you do best, and you can ask it those questions. You can complement where you're going. If you're new and you're trying to figure out how to use this stuff, you, again, need to have that back- Mfon:             Yes, to piggyback on that, I think, at this moment, and you have to be careful to say, at this moment, with this March 23rd version of GPT-4. If you're a practitioner, you're using it, it can make you better if you have that skill set. So it has the possibility to make you more efficient. Now, if you're not in the profession. So if you're not an accountant and you're looking to use it to do accounting, it can have the opposite effect. But what is happening, if they continue, with their focus on reliability, that gap is going to get narrower. It's going to get smaller, but it's not going to disappear.  Scott:              And you were asking about effective use of this, as a professional. The idea that you need to understand the field, to be able to ask the right questions. To be an effective learner, you have to be an effective questioner. To be an effective questioner will help you go far in any direction you want. If you're just going to trust blindly, it's not going to be effective for you. Mfon:             And from a business side, we're going to see more companies partnering with OpenAI. So Chegg has partnered with ChatGPT to create CheggMate. Bloomberg has created their Bloomberg GPT. So we'll see more and more of these applications or partnerships, with GPT and other platforms. Again, moving from that infrastructure phase to more of an application phase. Adam:            Yes, there seems to be an infinite waitlist for those who are trying to partner with them. If you try to say, "I want some sort of partnership, I'll work with it."  They say, "Well, we've got you on a list and we'll get back to you when we can." They're not even giving a time period now, which is really interesting. Scott:              Although you hear about the majors-Adam:            The majors, of course. Scott:              You hear about the Metas of the world. You hear about the Alphabets of the world, the Microsofts of the world, the OpenAIs of the world. But there are hundreds of other artificial intelligent applications out there. From music generators, to video generators, to rewriting, and tools, that there's a lot of NVC, there's a lot of venture capital money that's going towards these. It feels like the .com boom. If you were in 1998 and you had the .com in your name, toys.com or china.com, people threw money at you. Now you've got .ai, people are throwing money at you. Some of them are going to stick and some of them are pretty powerful. I've used a variety of these tools, and they're impressive and they can do some amazing things. Adam:            I mean, just thinking of the example of that picture of the Pope, in that white puffy jacket, that went around, and everybody thought was real. And then they're like, "Wait, that was created by AI." And it fooled so many people. News outlets were reporting on it, that it was this great picture. Scott:              That's right. Adam:            So I want to circle back to what you were saying, Scott, about novices and people just learning. And to be a great learner, you have to be a great questioner. And, so, this makes me think about accounting education and people in schools. And I know that ChatGPT had created another tool for professors to use, to check in against plagiarism and stuff like that.                         But how can this be used in an accounting education? Because the people, the kids, that are coming up, they're more tech savvy than folks who are older, and they're going to continue to be more and more savvy. But how can we best use this as we train up the next generation? Scott:              Well, I'll tell you, this is not only changing the world of work, it's also changing the world of education. We need to change as educators. We need to level up. We keep talking about critical thinking. That critical thinking is a powerful environment that we need to help our students take advantage of. But it's even more important now with the use of these AI tools. Because when they ask a question, well, students, and I hate to stereotype any student, but they don't have the bandwidth nor the base of knowledge that the experts and the professionals have. So they're going to take a look at some of this technology and trust it a little more blindly than you or I would, probably, like.  So they are exposed to it, they are using it. I've surveyed three classes recently. One over three quarters were using it. Another about half, a little over a half we're using it. And a third under a quarter we're using it. Which means they're using it. The key is, are faculty using it? Are the educators using it? And when we do, we realize they're going to take home exam and they're going to play with it, look at it, and say, "Oh, great, I get the answer." But I will share, I've done two exams, I call them "You're the auditor exams." And I actually ask a question, multiple choice. I give it the AI answer that ChatGPT generated, and then I give it three alternatives. So this is the new multiple choice format. So what was the result? Randomly, these two exams, it was about 52% that ChatGPT was right. So 20 out of 39 right, 19 out of 39 wrong.  I told my students, "You want to get a 50 on this exam, just circle A for every one of these answers and you're halfway there. But if you want to get a better grade. You're probably going to want to really do the problem, do the question, and evaluate for yourself." But they have access to the post of ChatGPT. We need to embrace that, and use that, and apply that to teach them how the rights and the wrongs, the ethical use of this tool. Mfon:             Definitely it is a challenge because you think about we're training students to go into the workforce. Definitely the workforce wants more efficient and productive workers, and this tool can definitely provide that or facilitate that. So you want to expose students to it because, eventually, the workforce is going to demand it, for greater output. So that's the big challenge. And I think the other challenge educators have been facing, is it's been changing so much. And we're getting a little breather right now, between the 4.0 and the GPT-5. Because you think about it, we had the rollout of the 3.5, then the 3.5 Plus, then the 4.0. And really, there was a big jump between the very first rollout in November 30th, the 3.5, to the 4.0, today, and we have to maneuver and adjust. So we can, at least, set some sort of baseline, right now, to catch up. Adam:            I'm in the field of education, adult education, as well, and it's interesting when I talk to colleagues. I was talking to a colleague of mine and he said, "Well, yes, I was doing a three-day seminar for the internal organization and I used ChatGPT to create my beginning starting point, and then I adjusted it from there."                         So, like you said, Scott, educators need to really jump on this. Because it could be people who are professionals can utilize it to say, "Hey, I'm going to create an outline using ChatGPT if I can put all this material in there." But then if all of us, professionals, start to do that, are we losing the ability to create these things on our own. Scott:              Well, two factors, one is in the career space. Mfon brought a great point on employers are expecting you to have this skill.  Adam:            Yes. Scott:              I saw a survey that over 90% of employers want to see that as a tool you've used, experienced, and have some knowledge of, even more so than blockchain these days. But the other side is being able to apply, and as you were just talking about, the tools, you can use it for so many things. You can use it to summarize; "Here is my LinkedIn URL, give me a summary of who I'm going to be talking to." "Here's an article; I don't have time to read this six pages. Give me a summary of what this is all about." And you can use those things, and it's, usually, pretty good and pretty accurate in reflecting that. And then you say, "Give me the ten-top points, in bullet points." Then go ahead, "I need to write my own blog, and my own post. I need to set up, give me a two-week schedule to implement this program, which is going to include these steps." Or, "First of all, tell me the steps. Then make me a two-week schedule or a 30-day schedule." "I'm on a diet, I'm traveling, give me a tour. How about some restaurants?" Back to the hallucination, though, it gets names wrong. I actually made a list of the 50 CPA associations, across the country. The societies' CPAs, I said, "Give me the executive director, their email, their address, their phone, and their abbreviation." It got every executive director, or CEO, wrong. It got every email address for those CEOs, obviously, wrong. It made them up. It made up names, but it sounds so good. I looked at it and said, "Oh, this is cool."  And then I realized, "But South Carolina, and Massachusetts, Wisconsin, I know these guys. I've never heard of these people, who the heck are they?" And the same thing for education journal articles. Book titles, it makes up book names, like, "Give me a list of the top 25 books in the career space." If I'm looking for this kind of role. And it gave me 15 or 20 that were actually pretty good and pretty well recognized, and three or four, I said, "I've never heard of these." And the reason was they didn't exist. So you look at that and start saying, "Okay, it's got good stuff, but it's got a balance." Mfon:             Yes, but I think as that reliability and the focus on that on ending that hallucination, as far as the education portion. There's going to be way more value and emphasis on critical thinking and the problem solving skills, and not using that as... So I think it'll shift even more. Scott:              The only constant is change, and you're right about that. Those exams that I told had a roughly 46%, 52%, depending on the exam, was a 3.5. Jumping to 4.0, we're over 80%. So it's improving, too.  I discovered this in December I said, "Okay, I've got an exam, let me play with it and see what it does. The first five out of six questions, it got right. And I said, "Oh, my students are going to cheat like mag dogs, and I can't give a take home exam ever again." But the next six out of seven questions, it got wrong. And then I was more worried because, again, I know how trusting students can be when they look at the logical, the good English, the nice flow, and then get a wrong answer. But they would trust it because of the proper English and the flow. Adam:            So that's a great example of how you can incorporate it into your classroom. Are there other ways you can integrate that or similar tools into the classroom, as you were building this? Scott:              I'm using it daily, in terms of asking a question for the day kind of thing, and that response, I actually, grade it. I discuss it with my students, and then they grade it. And in three different classes, in the same day, once I got a B+ for one, I got a D for another, and I got a CC+ on a third. So I'm an academic, I'll grade them.  Then we show what was wrong, what the shortcomings are. But every time you get a different answer, and it's not always improving. It's not stepping up to say, okay, this first time, I asked it this, next time that, it depends on the word choices. We're going back to the beginning. "Ah, this word sounds good after the next word." And that's the flow.  I once asked it the question, "So when did the dragons defeat the Roman Empire?" And it said, "In 650 BCE, king so and so and the dragons defeated the Roman Empire. But 200 years later, the Romans fought back and were restored to order." Whatever it was. I couldn't get that answer again, by the way. I've been in there since, trying to ask the same or similar question. And it says, "But dragons are mythical creatures, they don't exist." So it does learn, but it also can give you some pretty far-out answers.  Mfon:             Yes, it does, and as educators, we need to expose our students to it, talk about it. We can't really bury our heads in the sand and pretend like, "You know what, this isn't here, it's not coming." They are using it, and it's important to at least understand how they're using it. Understand what type of access they have to it.  Because I survey my students; I have some students who have the free version, and they've tried it a few times. I have other students that have the paid version and they are using it every day, diligently, and they let me know. So it's important to understand that and get a gauge on it, and then dive into it and use it because it's not going away. It is not going to go away. Scott:              And it really starts back at secondary education. I mean, the State of New York has banned it. Can't have it on the Chromebooks, can't access it. The City of Baltimore looking at it saying "No, can't do it." The City of Seattle.  But what's that telling our students? And what's that telling our environment? And what's that going to do for graduates? When the employers are saying, "We want folks with experience, even if they're not college graduates, even high school graduates. We want them to have some experience." So the haves and the have not barrier is going to get wider because students that can't get it on their school computer can go home, "Mom or dad can I use your computer for school?" Who's going to deny them? But the students, I'll call the have nots, that don't have a parent with Internet access or a computer, and are stuck with their school computer, now they can't access it. So what happens at graduation? We have the haves that played with it, used it, even though they banned it. And the have nots that don't have that skill set or level, or they both go to college and, again, there's that still gap coming into college. So our work's cut out for us. But Mfon is so right about not being able to bury our head in the sand. We need to embrace it, use it, apply it, and help our students do the same. Mfon:             And that's a good point, because with more penetration of ChatGPT and other platforms like it, there will be that, I guess, you can call it the AI gap. So you'll start to see there'll be a gap between those who are using it or have exposure to it, and those who do not. Scott:              I'll quote you on that AI gap, for certain. Adam:            I was reading an article, I saw an article yesterday, I think, it was on CNBC or one of those things they got. Somebody was quoting it and linked to it, and it was listing this very large number of organizations, that are starting to look for ChatGPT as experience on resumes even now. And it's not just saying, "I know about ChatGPT." But what can you do with it? And being able to express what you can do with it on your resume, that's a game changer right there. Scott:              There are a lot of HR folks fearing and saying, "Well, if they use it to write a cover letter, how can I tell if they used it?" Well, actually, if they use it, more power to them. They're, actually, applying the technology to something. And then they say, "Well, we can't differentiate." Well, maybe you don't want to because everyone's going to be able to have great cover letters. Now we got to look deep at something different. Maybe content, maybe certifications, maybe the ability to understand and integrate. But that prompt engineering is alive and well, and we really need to embrace that, too. Adam:            So, as we're wrapping up the conversation, as we look to the future. What can we do as practitioners in the space? We've talked a lot about educators. What can we do, as we move forward? And what are some steps we could take as takeaways? Mfon:             I would say the, big one, as a practitioner, get comfortable with being uncomfortable. And you have to have that life-long learning mindset, at this point. And dive in and use the technology as much as you can, and learn as much as you can about it because it's changing, it's growing. You've got ChatGPT, you've got Google's Bard, which is developing. You've got Caktus AI. So you have so many of these various platforms, and they're going to be more and more widely adopted. So understanding how they work, and where they're going, and how they apply to your practice, I think is very important. Scott:              And most of us have been using AI whether we realize it or not. You look at Alexa, you look at Siri, and you look at Netflix, they've been using AI for a while, that means we've been using it for a while. But I, wholeheartedly, agree that we need to embrace it. Because, frankly, our clients and customers are going to be using it. Our staffs are going to be using it. Our kids are going to be using it. Owners need to be using it. We need to get comfortable with it, appreciate it, and take advantage of what it can do, it can magnify. It's just like RPA, Robotic Process Automation, it can take a three-week process and complete it in two hours, cool stuff. But so can AI.  Mfon:             Yes, and if you think about it, if you have a business and your competitor is doing more with less, they can outpace you, potentially. Scott:              And I want to clarify the job challenge. There was a study, out there, that said 85 million jobs will be eliminated, The World Economic Forum, put that out, by 2025. And they said 97 million will be created. To me, that's a net gain of 12 million. And think of the profession 100 years ago, we had 30 accountants for a 100-person company. Then we had ten accountants for a 100-person company. Now we have one and a half or two accountants for a 100-person company. Does that mean we have a bunch of out of work, unemployed accountants? Well, last I heard, there was a shortage. So there really is a need. But it gives an opportunity for accountants to do higher level stuff. To enter the C-suite, to be able to help make decisions and in process.So learn the tools, take advantage of the tools. And, as we said before, it's a springboard for a lot of opportunities. Adam:            It definitely is. And I know we could keep talking about this for a long time. But I'm going to promise our listeners that I'll have these two guys back on, in the future. Because I know, probably, a year from now, six months from now, this conversation will be completely different. And, so, if they're willing, we'll do that. Thank you both for coming on today. It's been a great conversation. Mfon:             Absolutely, thank you for having us. Scott:              It's been an honor. Much appreciated.  Announcer:    This has been Count Me In, IMA's podcast. Providing you with the latest perspectives of thought leaders from the accounting and finance profession. If you like what you heard, and you'd like to be counted in, for more relevant accounting and finance education, visit IMA's website at www.imanet.org.