I'd like to know more about this. I always equated printing money to inflation. Why isn't this the case? Can you point me to some good books for the same? Thanks!
About me: I'm a Master's student studying Machine learning at Georgia Tech. This summer, I've interned at Apple Siri in language modelling team as a Research Intern. Prior to this, I worked at Oracle (Redwood City, HQ) as a senior developer on C++ query engine and did my Bachelor's from IIT Bombay, India. I've also cofounded a Blockchain CDN startup in the past and worked on it for about an year (Always excited to work at startups!)
Interested in opportunities involving Computer Vision, Machine Learning, and NLP.
This happened at my previous work place. They added 1 free byte every time they saved some data to disk. When I asked my manager about it, he said - ' There was a crash a while ago and this fixed it. No one knows why, but this is what we all do after that'
Exactly!! I always wondered why it took so many years for someone to figure out a revenue model for couchsurfing ('couchsurfing' website started in 2003 and AirBnB in 2008). AirBnB is just that (atleast at start)
Most conclusions from the comments seem to be that
1. Sourcing quality beans is costly.
2. Majority of the people don't care.
For 1 - For a single coffee shop, quality of beans is not the most significant part of price. They can increase ~10c per cup and get much better quality of coffee[0]. However, this might be tough as Starbucks need to source same beans across the world.
For 2 - Following 1, if you only need to increase 10c, and get significantly better coffee, why won't you do it? You're already the leader in 3rd spaces, why not be a leader in coffee too, for a much better moat?
What's the use case of Flight Simulator? If it's meant to be a practice testbed for pilots, how does using (playing) it on laptop/xbox give you the real flight experience?
About me: I'm a Master's student in Machine learning at Georgia Tech. I'm currently interning at Apple Siri, in langauge modelling team. Prior to this, I worked at Oracle (Redwood City, HQ) as a senior developer on C++ query engine and did my Bachelor's from IIT Bombay, India. Interested in opportunities involving NLP, Machine Learning, and Computer Vision.