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Billions of dollars gone!
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Unless you live in a rabbit hole, you know what recently happened with OpenAI. Yes, the company that created the famous, beloved, and vilified ChatGPT. ​ Well… a Chinese company unexpectedly emerged with its own AI, Deepseek, which has shaken up the market and the industry. ​ It offers the equivalent of the most advanced ChatGPT model but it’s free—at least for now. And not only that, Deepseek made its code open-source, making it accessible to anyone who wants to use or improve it. You’ll be able to do much more with less. ​ How do you feel about? ​ Still no bells… ​ Well.. after the announcement, nearly all major tech companies saw their stock prices plummet. Nvidia, for example, the company that manufactures the chips used to build and train AI models, lost nearly $600 billion in market value in a single day. ​ And this is the most important lesson hidden in this situation: Even the biggest, most famous, and wealthiest company can fall overnight. Even if it was the first to market. Not because they’re doing anything wrong. Simply because the moment your offering becomes a standardized product, a commodity within everyone's reach... You’re destined to be overtaken by a competitor sooner or later. There will always be someone who can commoditize your product even further, lower the price (or eliminate it entirely), and offer the same features as you. ​ And this will happen to your company, or to you. ​ Yes, to you. ​ As a worker, as a professional… if you don’t keep evolving, improving, learning and getting far away of being a commodity… sooner or later… you’ll lose. Do you want to know anything different today? Here you are my pick. ​
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Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
Toronto. 2015. Project: Eglinton Crosstown LRT. Value: CAD $5+ billion. Model: DBFM. Jurisdiction: Canada — the global gold standard of PPPs. The agency wanted efficiency. Faster procurement. Faster close. Cleaner risk transfer. Put a medal in the chest for opening the day before election day. So they did what PPP manuals love to say: “Allocate risk to the party best able to manage it.” That sentence has probably financed more claims for lawyers than any other in infrastructure history....
This is the key question that made his face change. Last week. A mentee. Shocked by a very simple question. Look, I’ve seen through the years people living in a cage. Of self-imposed believes and limitations. You can blame your parents, your wife or husband, society, the lefties, Bad Bunny or Donald T. Whatever. These limitations, self-imposed, are holding you back. If you believe that it’s impossible to multiply by 10 your income… You’ll miss the opportunity of letting your brain being in...
Once I had a friend called Valentin. His parents gave him that name long time ago because he was born on 14 February. In Spain, there are still many people naming their children with the name of the saint of the day… or the day they were married, or things like that. Well… His parents could not foresee at the time the long term consequences of their choice. San Valentine was not at the time the word-wide phenomenon that it’s today. But still… there was some noise. Well… The thing is that...