Milan Račić (@CallMeMilan) header
Milan Račić (@CallMeMilan) profile picture

2x Robotics Founder | Dad to 6 Kids | Angel Investor | Music Nut

Joined May 2012
Photo by Milan Račić (@CallMeMilan)Photo by Milan Račić (@CallMeMilan)Photo by Milan Račić (@CallMeMilan)Photo by Milan Račić (@CallMeMilan)Photo by Milan Račić (@CallMeMilan)Photo by Milan Račić (@CallMeMilan)Photo by Milan Račić (@CallMeMilan)
Milan Račić retweeted
Rough week for software. 81% of names down. ServiceNow off 34%. Multiple compression happens much more swiftly & brutally than multiple expansion.
23
24
6
118
19,206
Google is happy AI is cannibalizing its most profitable business This is why I thought the market over-reacted to the Google ad revenue surprise. BTW - a little over a year ago I thought Google search was cooked because of AI. Now that they have incorporated AI into the search, I think they are in a stronger position than ever. "I would view it as an expansion opportunity," Pichai said. "Just like a few years ago, being able to incorporate AI chat use cases in search allowed people to ask more and do more in search, which is what is playing out in our usage." Link below. Image: Gemini
2
20
Milan Račić retweeted
Fifteen years ago, my wife spent a summer teaching in a small town in Missouri. In August, her host family took her to the county fair. She expected rides and cotton candy. Then they went to the livestock auction. Kids from 4-H walk the animals they raised into a ring. Local businesses bid on them. It's how a lot of farm kids pay for college. A 12-year-old girl named Kaylee walked in with a pig she had raised since February. Her boots were too big for her. They had been her father's. My wife's host mother leaned over and whispered, "Her daddy passed in the spring. Tractor accident." The auctioneer started the bidding. The feed store bid. The bank bid. The diner bid. The John Deere dealer bid. A man in the back who didn't own any business at all bid with his own money. Nobody wanted the pig. Everybody wanted that girl to have the money. It went for $14,000. The man from the feed store walked into the ring, shook Kaylee's hand, and told the auctioneer to sell the pig again. They sold it four more times that afternoon. Kaylee cried the whole time. So did the auctioneer. My wife has taught English for twenty years. She says she has taught her students thousands of words. But there's one she says she never truly understood until that day in Missouri. "Neighbor."
16
96
3
476
5,175
Europe 🇪🇺 faces a decisive choice: give in to Russian 🇷🇺pressure and accept a situation where aggression forcibly changes Europe's borders and calls into question our entire security order, or defend a united, free and expanding Europe, all at a time when authoritarian regimes around the world are increasing their influence. This is not merely a choice between various diplomatic approaches. It is a test of Europe's political will, strategic clarity and leadership. Do we have leaders capable of seeing beyond their own personal political agenda and understanding that peace is not born by giving in to an aggressor, but by creating conditions in which aggression no longer pays? Europe needs a new strategic clarity: Russia's attempt to change borders by force must be thwarted, Ukraine 🇺🇦 must be given the military and financial aid it needs to prevail, and stronger economic pressure must be brought to bear on Russia than has been the case so far. A real peace process can start only when the preconditions needed have been created. news.err.ee/1610180491/marko…
69
209
19
562
12,203
Milan Račić retweeted
Putin is not a "humanitarian." Putin is a killer. Trump's pivot to help him and abandon Ukrainians is one of the worst U.S. policy decisions ever. It needs to be reversed. foreignaffairs.com/russia/pu… via @ForeignAffairs
96
746
25
2,197
17,748
"Before collecting a tax based on a study, have an AI review it. It's cheaper than getting it wrong." Given the leftist ideology of the folks enacting such ruinous tax legislation, I doubt they would use AI to run the numbers and review the assumptions and conclusions - unless the AI could somehow develop a victim persona. Then it may be welcome and listened to.
En 2004 la revista médica BMJ hizo un experimento incómodo. Metió errores graves a propósito en tres ensayos clínicos y se los mandó a más de 600 revisores. De media, detectaron el 27% de los errores importantes. Esta semana un grupo de investigadores repitió la prueba con 15 modelos de inteligencia artificial. Encontraron entre el 53% y el 96%. Para descartar que se supieran las respuestas, los probaron también con 58 ensayos publicados este año, y el mejor, Claude Opus 5.5 de Anthropic, llegó al 99%, en minutos. Todavía es un preprint sin revisar y las máquinas también ven errores donde no los hay, pero la distancia es enorme. Lo mismo empieza a pasar en economía. El miércoles Tyler Cowen, economista de la Universidad George Mason, difundió en su blog una auditoría hecha con IA por un lector anónimo sobre 138 trabajos de Gabriel Zucman, el economista francés detrás del impuesto mínimo del 2% a las grandes fortunas, y de su coautor en Berkeley Emmanuel Saez. La auditoría dice haber encontrado 147 problemas capaces de cambiar una cifra principal, y que en el 97% de los errores serios con una dirección clara el resultado exagera lo que el estudio quiere demostrar. Son acusaciones, no una verdad comprobada, y habrá que ver qué responden. En España esto no es un debate de académicos. Hacienda firmó un memorando con el Observatorio Fiscal Internacional que dirige Zucman, y el ministro Pablo Bustinduy defiende que su tasa recaudaría hasta 5.200 millones al año. Ese cálculo sale del propio observatorio de Zucman. ¿Cuántos de esos 5.200 millones sobrevivirían a la misma auditoría? Antes de cobrar un impuesto basado en un estudio, que lo revise una IA. Sale más barato que equivocarse.
28
Another gray day in Zagreb, with rain called for the next two days. Turns out, Zagreb is the second wettest capital in the EU, with 43% more rain than Paris. Before moving to Croatia I spent a few years coming here often on business. One trip was in April 2004 or 2005. I spent 21 days in Zagreb. 20 of those days were overcast or rainy. The 21st day was sunny and beautiful - as I drove to the airport to leave. It's not just Zagreb, it's the greater area. A friend in media here once asked me how I liked living in Zagorje, as his friend was considering moving from Zagreb. I told him I liked it, but I had a family to keep me company during the many gray days. I said that living here alone during those gray days could lead one to drink too much, or worse. Toronto, where I grew up, was similarly gray in the fall and winter. I never realized how it affected me until I went to study in Winnipeg for three years. It may have been minus 20 with the windchill but the sky was a beautiful blue and the sun was shining. It really improved my mood. Anyway, enjoy this damp day - hopefully with someone you love, or at least like.
Zagreb gets more rain than Amsterdam, Dublin, Vienna, Paris and Berlin. 🌧️ Mean annual precipitation 1991–2020, weather station (WMO) data: 🇸🇮 Ljubljana 1369 mm 🇭🇷 Zagreb-Grič 890 mm 🇳🇱 Amsterdam 851 mm 🇮🇪 Dublin 784 mm 🇫🇷 Paris 622 mm 🇩🇪 Berlin 569 mm Zagreb is the 2nd wettest EU capital, with 43% more rain than Paris. ERA5 reanalysis (black lines) agrees for Zagreb: 882 mm. Data: NOAA GHCN-Daily, ECA&D, WMO/CHMU normals; ERA5 (Copernicus) via Open-Meteo / Computation: Grok
2
75
Wow, Virginia has become Washington DC.
"The most diverse cabinet in history…" 88% Black. Virginia is 20% black. 0% White men. Virginia is 30% White men. Friendly reminder when these people say "diversity", they just mean anti-White.
18
Milan Račić retweeted
Sequoia's thesis that the next $1T company will sell work, not software, is the most important reframe in AI right now. The argument: if you sell a copilot, you're competing with every new model release. But if you sell the outcome, books closed, contracts reviewed, claims handled, every AI improvement makes your margins better, not your product obsolete. The key insight most people miss: for every $1 spent on software, ~$6 is spent on services. The entire SaaS playbook was about capturing the software dollar. The AI playbook is about capturing the services dollar, at software margins. Not "AI for accountants." The AI accounting firm. Not "AI for lawyers." The AI law firm. The companies that figure this out won't look like SaaS companies. They'll look like services firms rebuilt on software infrastructure. That's a fundamentally different company to build, fund, and scale. And most founders are still building copilots. I went deeper on this in AI Market Fit: Sequoia Capital: The next $1T company won’t sell software. It will sell the work. theaiopportunities.com/p/seq…
74
78
28
741
79,377
Milan Račić retweeted
multiple big tech companies have essentially one (very well paid) person who really knows how to use AI, and this “AI fixer” is their great hope — taking on projects and educating others. problem is, some don’t have anyone, and a lot of those frontier people would rather work in a broadly AI-native company and find out what a team of people going this fast can do
This is INSANE. Cisco’s president Jeetu Patel has given a 27-year-old engineer unlimited AI tokens to try to rewrite 98% of the company’s legacy code within 24 months, Fortune reports. Padmanabhan Krishnamurthy thinks he can do it with a two-person team. He has just four weeks to prove the approach.
87
49
25
1,027
122,546
German carmakers' market share in China dropped 50% in the last 6 years - from 24% to 12%. The German auto sector is in free fall. A drastic fall can sometimes be more useful than a gradual decline. It can wake company and government leaders up and force them to make the changes required to compete. "We have no choice" can be a powerful tool, if one has the guts to use it.
This chart is eye-opening, German carmakers’ market share in China has roughly halved since 2020, from nearly 24% to around 12%. It marks the end of a business model. For years, China was the cash cow that subsidized high-cost German structures, rigid union agreements, elevated wage and energy costs, slow decision-making, and layers of bureaucracy. Profits from the world’s largest car market papered over an industry that had grown too expensive, too protected, and too slow to adapt. Those profits are now disappearing as Chinese brands dominate electric vehicles, software, and cost leadership. Not only in China, they start to dominate in other markets as well. The response at home has been telling. Instead of accelerating new models and software platforms, German industry is stuck in union negotiations and spending a fortune on severances. Volkswagen is looking at cuts of tens of thousands (up to 100,000 across the group). BMW is offering eye-watering packages, reported well into high six figures in euros, to remove roughly 8,000 white-collar roles. Mercedes is restarting voluntary exits. Billions are going toward shrinking the existing structure rather than building the next one. Overregulation and administrative drag hinder innovation at the speed Chinese competitors have shown. High fixed costs and protected labor frameworks reduce flexibility. Companies react rather than lead. Arrogance played a role. German engineering excellence was long treated as a durable moat. Many underestimated how quickly Chinese firms would close the gap in battery technology, software-defined vehicles, and manufacturing scale, and how willing Chinese buyers would be to switch once local products were competitive or superior. The same pattern of underestimating focused, cost-efficient competitors has appeared in solar, batteries, and many other sectors. The German business model is finished. With regulations, bureaucracy, and powerful unions, Germany won’t be able to react and adjust fast enough to keep its manufacturing edge and standard of living. Most Germans don’t grasp yet what is coming.
26
Milan Račić retweeted
We were concerned that the SAT has become a less reliable measure of student preparedness for a rigorous college curriculum. So, we commissioned a study from Johns Hopkins University. What does this study tell us about the state of higher education? The results are shocking. thaq.co/4iLThZ0
180
789
110
4,381
1,291,251
True. However, vicious cycles can be broken. You just need some balls.
What you see happening in France is essentially what will happen throughout the whole of Western and Southern Europe at some point Europe regulated away all new and existing businesses so they with the money and the talent moved elsewhere (like US and Asia) When money flees a continent, the businesses, then the people and the government run out of money Meanwhile cost of living keeps growing → people get poorer and → people need more government welfare → meaning the government has to borrow more money to pay for that → borrowing for worse and worse rates → which pushes down the Euro → meaning less spending power for its people → making Europeans even poorer
1
2
47
Europe may have falling real salaries, but at least we can see all of them😭 Go equality, go! Right to the bottom.
This is eye-opening. Europe’s share of global tech R&D has collapsed from 23% in 2005 to just 8% today, while the US has climbed to 62% and China has risen from near zero to 15%. South Korea now outspends Germany, France, the UK, and Italy combined in tech R&D. Yep, you read that right. This is the predictable result of policy choices that systematically favor control and redistribution over growth. Layered regulation, data rules, AI restrictions, labor rigidities, and precautionary frameworks, raises the cost and slows the pace of turning ideas into products, forcing companies to spend scarce resources on compliance rather than experimentation. High taxation and expansive redistributive systems extract capital that would otherwise fund private R&D and risk-taking, while shrinking the after-tax reward for building something new and scaling it. The broader left-leaning mindset that prioritizes equality of outcome over dynamism treats entrepreneurial success as something to be managed, taxed, or shared rather than unleashed and rewarded. Places that protect the returns to innovation and keep barriers low continue to pull ahead, attracting talent and capital that Europe increasingly loses. Europe’s relative decline is the cumulative outcome of treating dynamism as a problem to be regulated rather than the engine of prosperity. Without a shift toward lighter rules, lower burdens on enterprise, and greater tolerance for unequal outcomes from unequal effort, the gap will keep widening, and Europe will become an open-air museum for wealthy Americans and Asians.
29
Interesting times, almost Biblical ...
I’ve been a member of my local Catholic parish, Saint Andrew by the Bay, for 16 years. We’ve never had more than six or eight adult converts at the Easter Vigil. They are currently 56. 🤯 AmAZing. What is happening?
22
The problem is that DEI doesn't fund "imaginary" feminist, race, orientation and trans crusades. The crusades are real, as are the victims.
The way @MIT’s bloated DEI bureaucracy was weaponized to serve an imaginary feminist crusade and naked personal vendetta against a tenured male professor over unrequited love must never ever ever happen again. Federal agencies @NIH and @NSF fund and oversee a large share of MIT’s research (yes - your tax dollars!) to the tune of hundreds of millions annually, which means that they have enormous leverage through grant conditions, compliance reviews, and enforcement. It’s up to the government to throw their weight and pressure MIT to maintain fair processes that do not destroy top scientific talent. The obvious move is to withhold or condition funding on gutting the rot. @DOJ: Enforce civil rights statutes (including Title IX-related conditions on federal funding) and investigate potential patterns of discriminatory, retaliatory, or abusive HR/DEI processes that undermine due process or scientific productivity. Sabatini’s was a major career criminally terminated resulting in untold losses to science and to humanity. I’m not even being hyperbolic. The stakes are high and they demand accountability and widespread reform across all institutions of import @HarmeetKDhillon @DrJBhattacharya @regardthefrost
20
Milan Račić retweeted
How can @MIT and President Kornbluth sit back and allow Kristin Knouse to remain on the MIT faculty when she has been found by a jury of her peers to have falsely accused him of rape, and intentionally destroyed his life and career with the help of co-conspirators in the MIT administration? How does this not violate MIT’s code of conduct? How can one continue to trust the research she produces? Why has MIT not immediately launched a formal investigation to reconsider the removal of @DMSabatini’s tenure and Knouse’s continued inclusion on the faculty? The evidence from the case is now in the public record. It is a straightforward process for MIT to review the facts. Justice must be served.
491
3,187
99
20,975
790,360
Germany's politicians have been in a mental "Dunkelflaute" for the past 20 years.
Ab heute Abend (29.10.) gibt es die nächste Dunkelflaute in Deutschland. Windkraft und Solar können um 17 Uhr nur insgesamt gut 2,2 GW an Leistung bereitstellen. Den Bedarf zu dieser Zeit prognostiziert das Fraunhofer ISE jedoch auf 61,2 GW, also Wind und Solar decken nur 3,7% des Bedarfs ab. Den Rest müssen überwiegend fossile inländische Kraftwerke sowie Kraftwerke in Nachbarländern liefern. Von Erdgas kommen rund 14,5 GW, von Kohle 17,2 GW und aus dem Ausland knapp 11 GW.
17
Milan Račić retweeted
Trump's pivot to help Russia and abandon Ukraine is (1) immoral, (2) not in US national interests, and (3) wildly unpopular at home. foreignaffairs.com/russia/pu… via @ForeignAffairs
111
533
22
1,257
15,935