Table of Contents:
- News Corner: The Ever Given
- Tool: GPT-3 can be used today
- Media recommendation: Balaji S. Srinivasan: The Network State
News Corner: The Ever Given has been freed
The cargo ship, known as Ever Given, that has been jamming up the Suez Canal for the past six days has been pushed to the side, allowing the reopening of the canal.
Due to the importance of the Suez Canal for international trade, this blockade has cost a lot of money. Each hour, that ships were not able to freely pass the Suez canal was costing the global economy $400 million.
Which means a total cost of almost $58 Billion for the full six days.
Why was it so hard to unblock the Suez Canal?
First of all, the Ever Given might be a lot bigger than you would have thought. It’s actually longer than the empire state building is tall.
Empire State Building = 373.1m tall.
Ever Given = 399.9m long.
The Ever Given is not only long, its draft is also very deep – over 15 meters below the surface of the water. With a weight of over 200.000 tons and 15 meters embedded into the sandbank – this quickly became a friction problem.
Let’s say for argument’s sake, that around 1/3 of the weight of the ship was not floating but supported by the sandbank. To calculate the amount of force needed to drag the ship we can take half the weight supported by the sandbank (1/3) amounting to 33.000 tons of force to get the ship freed.
The Vessel with the strongest pull on the market is the Far Samson. It can pull up to 420 Tons – meaning we would need 80 Far Samsons to get the Ever Given unstuck. Sadly, the Far Samson is the only one of its kind, eliminating this option immediately.
So how was the Ever Given freed then?
- Rotation Space: Excavators gave some space at the front of the ship for rotation.
- Vacuuming Sand: Offshore-Dredges have been vacuuming the ground of the canal trying to get as much sand away from the ship as possible. But these dredges are designed to vacuum directly under themselves – not horizontally. This was not helping all that much.
- Unloading the Ship: This was very difficult as well. The Ever Given was designed to be unloaded in specialized harbors. The cranes cannot easily be put on sandbanks. So unloading the ship was really slow.
- Rotating Ever Given: A couple of Vessels started rotating the ship, with the bow of the ship still stuck in the sand. Reducing the Drag-friction problem to a rotation-friction problem.
Tool: GPT-3 can be used today
GPT-3 is probably the most advanced text generator ever created. Think of it like the most amazing autocomplete function. You could write a couple sentences and the program will finish your article.
My favorite analogy for explaining GPT-3 is that the iPhone put the world’s knowledge into your pocket, but GPT-3 provides 10,000 PhDs that are willing to converse with you on those topics. 30 years ago, Steve Jobs described computers as “bicycles for the mind.” I’d argue that, even in its current form, GPT-3 is “a racecar for the mind".
The most magical thing about technological progress is what’s sometimes called “combinatorial innovation”: once a new way of doing things exists, it can be repurposed and combined with other “building blocks” to create new products and services. Today’s GPT-3 use cases may seem like mere toys, but now these capabilities are available they can and will be used in ways that we cannot imagine today.
Until now the impressive AI-Text generator has been in a closely secured beta and only a few chosen ones were able to see its possibilities. But more than 300 applications are already using the GPT-3 API and can be used today.
Here are some highlights for you to check out today:
🖥 Presentations and Pitch-decks:
📈 Strategies and hacks for growing your startup:
🔎 Find profitable hot business ideas:
🏆 Evaluate headlines headlines:
📝 Ideas for the blogs:
📌 Job Descriptions:
🤓 Easy A/B testing:
Media recommendation: Balaji S. Srinivasan
I have been on huge a Belaji-binch this week. He is an entrepreneur and investor, holding a BS, MS, and Ph.D. in Electrical Engineering and an MS in Chemical Engineering from Stanford University. In 2007 he co-founded a biotech company and the online database Teleport in 2014. The bitcoin mining startup earn.com he founded later was acquired by Coinbase in 2018 for $100 Million. After the purchase, he became Coinbase´s first CTO until May 2019. He has been a board partner at a16z for many years as well. A great intro is his interview on the Tim Ferris Podcast.
In this presentation on youtube called the Network State he explains his vision of the future. Here are two highlights:
1. Smartphone-mediated mass migration will begin to apply the same pressures to countries that software applied to companies. After each company became a software company now each country is becoming a software company. The countries that fail to adapt will lose citizens.
2. Subsequently, cloud communities are spreading. It does not matter anymore if you meet online or offline – and this is happening at scale.
Until next week.