I learned this from Wu Bofan, a famous business commentator. It’s enlightening because it’s damn correct. And once I got the correct understanding of what business is for, I know what I should do properly.

I won’t expound on his view. It’s quite apparent. Once one heard and learn, one gets it. That simple!

My action starts from using and studying fiverr. It’s an epitome of what future business looks like. Powerful and Skillful individuals will rise up via such platforms as fiverr. I am not clear but this is a broad direction to go to.

In June 2019, according to this article, “Israeli online freelancer platform Fiverr has published an updated prospectus for its planned Wall Street Initial Public Offering (IPO). The company plans raising $100 million at a company valuation of $600 million, after money. This is lower than previous reports, which suggested the company was seeking a valuation of $800 million.” ” The company’s founders CEO Micha Kaufman with Shai Wininger, hold 9.3% and 6.8% respectively, which will fall to 7.7% and 5.7% after the IPO.” the annual growth rate is over 40%, the first quarter of 2019, rvenue totaled $24 million. the total revenue in 2018 is $75.5 million. Fiverr is not yet profitable.

It’s exciting to see so many gigs offered on fiverr. More important, it allows freelancer/professional from all over the world to offer their quality services to customers in English speaking countries – USA, UK, New Zealand etc. It globalize the economy and eclipse geographical borderline.

I am curious the architect behind fiverr, facebook, alibaba, Amazon …

The founder is Micha Kaufman and Shai Winninger, both of them are full of passion and entrepreneurship. Shai seems to be the techy one. He split off and founded Lemonade in recent years. According to his Linkedin profile, he met “the CEO and cofounder Daniel Schreiber to find out more about his journey that started as a “recovering attorney” and what made him see the untapped potential in disrupting the insurance industry. Schreiber began, “Insurance was not an obvious place to innovate, and the industry has gone largely untouched by technology for more than a century. Both Shai (Wininger, my cofounder) and I are veterans of the tech ecosystem and knew nothing about insurance when we first started.”

I resonate with him greatly knowing that AI will disrupt lots of industries, insurance is just one of them.

So what is Lemonade’s model? “Homeowners and renters insurance powered by AI and behavioral economics, and driven by social good.”

There are a lot of disruption or revolution in finance and health that can be done in near future.

According to this clip – AI is progressing faster than you think, I am adamant that the coming tide is AI even now it’s still at the infant stage. I would like to summarize what has already been applied to get more inspirations and know which route to take hands-on.

based on neuro network, AI can identify pictures, hence the EV is undergoing and display huge potential. Alphago beat human players on all levels. What’s more, according to the paper published by Google DeepMind, WaveNet: A Genreative Model For Raw Audio, which is a deep neural network, when applied to text-to-speech, it yields state-of-the-art performance. It can even mirror or re-create classical music after being fed enough amount of music data. AI can even train itself without human intervention. according to this paper – Stack GAN: Text to Photo-realistic Image Synthesis with Stacked GEnerative Adversarial Networks. Published by Ben Vigoda, founder of Gamalon, new AI can write and rewrite its own codes to increase its intelligence. AI is particularily better and fast-advancing in image recognition. It has great applicaiton in diagnosing diseases for human beings.

(Jeff Dean google scientist)

Refer to its github link.

Very inspiring.