11–20 of 64 posts
The Fed needs to raise rates significantly higher until this stops.
They wield some authority (their respective positions at big AI companies/research centers) in the hot topic of the hour and got a lot of money from the usual VC crowd. I don't think this "deck" shows how talented or whatever Mistral is, it just shows how stupid the VC space is. Remember, nobody checked the FTX books. The Fed needs to raise rates significantly higher until this stops.
It would be better to increase corporate and high net worth taxes, raising rates takes too long to have an effect.
Anyone reached out to them to see what wages they're offering? Edit: Trying to see how they will compete with US based on paying EU salaries in a world that is becoming increasingly more remote.
Anyone reached out to them to see what wages they're offering? Edit: Trying to see how they will compete with US based on paying EU salaries in a world that is becoming increasingly more remote.
I’m not sure I understand the motivation behind picking a well-used name. Is there some strategic advantage to this?
From the founder's list: > Cédric O: Former French Secretary of State for Digital Affairs That explains a lot actually, France is the epitome of crony capitalism, and having a former minister (from the current ruling party) is going to help a lot here…
You're right, but not because of politics. Cédric O is part of the wave of businessmen who went into politics recently to follow Macron. He's however a typical French industry guy : went to one of a handful of elite highschools, then went to a business school that is part of the French equivalent of the Ivy league, then went to work for former state-owned entreprises and conglomerates, and major suppliers of the Fren…
Recently? He's been doing politics since at least 2006 (campaigning for Dominic Strauss Khan, a famous French politician better known abroad for his rape of a maid in a hotel in NY in 2011).
> He's however a typical French industry guy : went to one of a handful of elite highschools, then went to a business school that is part of the French equivalent of the Ivy league, then went to work for former state-owned entreprises and conglomerates, and major suppliers of the French government
That's true, but you're missing the key part here, which is what makes France special in that regard: he did that in parallel (and with the help) of his political career. He joined Safran thanks to his former MP Pierre Moscovici (Cedric O was his legislative assistant) who had become minister of the Economy in 2012 after Hollande's election (And Cedric O was the deputy director of François Hollande's victorious presidential campaign).
This is very typical of the French Elite, were people involved in political parties often go back and forth between the public and private (or semi-private) sector with the help of their political network. The current prime minister has the same kind of background for instance. And there's even a word for that in French, it's called pantouflage.
Reading that memo is going to be a "hold my beer" moment for many, no doubt. I wonder how much of it was written by ChatGPT...