An Yong: After your price cuts, ByteDance was the first to follow, suggesting they felt threatened. How do you view the new competitive landscape between startups and giants?
Liang Wenfeng: To be honest, we don’t really care about it. Lowering prices was just something we did along the way. Providing cloud services isn’t our main goal—achieving AGI is. So far, we haven’t seen any groundbreaking solutions. Giants have users, but their cash cows also shackle them, making them ripe for disruption.
Meta reported $114.93 million in ad revenue in 2021, whereas Google reported $209 billion. But determining how much of that publishers should get is difficult—and the JCPA doesn’t even try. One version of the JCPA proposed platforms and publishers negotiate an agreed-to payment, and if they couldn’t come to a consensus, they’d enter forced-arbitration with no formula for what is fair. But whether the money would end up being vast or a modest bump to the bottom line, not every publication stands to benefit if the JCPA becomes law. While the JCPA’s alliances allow for partnerships, exclusionary elements of the JCPA would encourage big brands to unite selectively at the expense of smaller ones and shut out niche independent journalistic outlets altogether.
The original text of the JCPA already authorized print media companies to form one or several cartels and collectively bargain with the largest online platforms—defined in terms that single out Facebook and Google. Although the bill hinted at these news cartels being able to demand payment for merely linking to their content, or hosting snippets like the results you get from Google News, the mechanism by which they would be paid was left vague. However, the fact that the bill allowed news companies to withhold content strongly suggested a claim to some sort of property right, or ancillary copyright, that the targeted platforms would owe for hosting links and snippets.
This would also hurt independent media and bloggers (you would have to pay a ‘link tax’ to corporate media for linking to their articles—see below image)! So far, it hasn’t passed (it was attached to the NDAA) but there’s still the omnibus spending bill and the next session of Congress!
Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it’s undeniably driving working class voters even further from the Democrats and toward the GOP.
Ms. Cat’s Chronicles 
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