This is how the ‘Paypal Mafia’ became the largest quarry of Tech millionaires in our era. That and much more in 1×13 crossover

Elon Musk was already obsessed with the letter X a long time ago. Her particular fixation with her has a lot to do with nostalgia And with a 1999 waitressbut the truth is that this letter was already the germ of something very big. In fact, in March 1999 We had a first version of X.com. It was very different, and Musk’s goal was not to change Twitter’s name – which did not exist at that time – but to create a financial startup. The funny thing is that the offices of X.com were glued to those of Confinity, the company co -founded by Peter Thiel with a similar objective. After a while competing, both decided that it was best to join forces, and from that alliance PayPal was born. That at first he did not curb, but that he ended up doing it with some “thugs” techniques and with the work of one of the teams with the greatest talent in history. Those boys, yes, soon realized that they wanted to be their own bosses. When Ebay bought PayPal in 2002the mission, leadership and objectives no longer convinced those engineers. So they decided to ride it on their own. AND This is how the famous “Paypal Mafia” was borna group of entrepreneurs who fled from PayPal with counting and sound money and who used it to found their own projects. Thiel set up his Founders Fund and Palantir, Elon Musk launched Tesla or Spacex, and other employees ended up joining each other or founding their own mega projects: YouTube, LinkedIn or Yelp are among them. The conclusion: Paypal was the germ of an entire Internet revolutionbecause these services began to change our conception of the network of networks. That is the central theme of Crossover 1×13an episode that is always led by Jaume Lahoz and Carlos Santa Engracia and that brings a few fun sections. We have images generated by the converted into videos and “plausible technological lies” that will surely generate debate. We hope you enjoy it! On YouTube | Crossover

China has been cultivating Stem talent in silence for 40 years. Today has the most coveted quarry on the planet

For decades China has been the great factory of the world, but in parallel the country silently prepared another revolution: that of its Stem engineers (science, technology, engineering and mathematics). Chinese leadership in graduates in these technical disciplines is overwhelming, and every year produces about 3.5 million engineers among which there is a new elite: that of AI engineers. China triumphs with its long -term plan. It all started in the “post-mao” era. After his death and the arrival of Deng Xiaoping, the country suffered a remarkable reform that began with his “four modernizations“And among them, to restore education with a special focus on science and technology. The president highlighted in 1988 how” science and technology are the main productive forces, “and encouraged a unique change. Hai gui. In the mid -80s China began to send a huge number of students to Western countries. The objective: to learn in their universities and achieve training in fields such as engineering, physics, chemistry and mathematics. Those students then returned to China in a phenomenon that has been called “Hai Gui” (“sea turtles”). They managed to inspire the following generations when returning to Chinese academic institutions, which gradually became some of the most advanced in the world. Chinese elite universities. It happened for example with the University of Tshinghua, which between 2013 and 2016 was already the university with the highest number of relevant scientific studies (cited) according to a study of The Economist. Behind were prestigious US institutions such as Stanford or MIT. As I explained Yang Bin, vice president of the University of Tsinghua, “those intellectuals (the” hai gui “) played a very important role, changing all the climate, raising the standards.” Money and more money to educate. The long -term plan of the Asian giant has worked, and today they leave their universities 3.57 million Stem graduates a year. In the US the figure is four times lower: 820,000. Education spending It has not dropped from 4% of its GDP In the last 20 years, and the incentives for Chinese academics to publish studies are notable: if they are of great quality and they are published in Western institutions, They can enter $ 100,000 By study. And the AI ​​is now a fundamental focus. Between 2012 and 2022 the budget spending of the Chinese government in education increased from 2.2 billion yuan (268,167 million euros) to 4.85 billion yuan (591,187 million euros), more than double. Several Chinese elite universities They have announced His intention to expand his curricula with the objective of prioritizing the strategic needs of the country, and here the AI ​​- who You start teaching in schools– It’s key. Ten years projects. In that article of The Economist, they also reveal how since 1995 the Chinese government has initiated various projects to revolutionize its educational environment. The call came first PROJECT 211 which aimed to “prepare approximately 100 universities for the 21st century.” Later they were replaced with the so-called “Double First-Class Construction”, and under Xi Jinping in 2016, which further promoted technical certifications and high training of Chinese technical universities. IA superstars. We have four good examples of all that great reform. Shengjia Zhao, Hongyu Ren, Jiahui Yu and Shuchao Bi are Superestrellas of the AI. Especially after target “Straight” in Openai’s house and steal them tempting them with stratospheric salaries. They all have something important in common: their training. Talent theft. Zuck confirmed these days in an internal statement Filtrated by CNBC Those signings. There were 11 engineers, 7 of which come from Openai. In that statement, the formation of a new division of “superintelligence” led by Alexandr Wang was also confirmed. And he, in turn, welcomed four of those new companions we were talking about. Who they are. Their names are not known, but these four engineers have had a very relevant role in the development of AI models in OpenAi. In the internal statement itself there is talk of your work in Openai, which has been the following: Jiahui Yu-Co-Creator of O3, O4-MINI, GPT-4.1 and GPT-4O. He previously directed the perception team in OpenAi and multimodal co -directed in Gemini. SHENGJIA ZHAO-Co-Creader of Chatgpt, GPT-4, all MINI, 4.1 and O3 models. He previously directed synthetic data in OpenAI. It has appeared In some of OpenAi’s product presentations. Shuchao Bi: GPT-4O and O4-MINI voice mode co-creator. He previously directed the subsequent multimodal formation in Openal. Hongyu Ren: GPT-4o cooker, 4O-mini, O1-mini, O3-mini, 03 and O4-mini. He previously directed a postformation group in Openal. 100% Chinese talent. But what is striking here is that as they point out In SCMPthese four engineers share a similar and very significant academic trajectory. All of them trained in prestigious Chinese technical universities, and then continue their studies in academic entities in the United States. They graduate in China, they do doctorate in the US. Zhao graduated from the University of Tshinghua in 2016 and then computer study at Stanford University. Ren graduated at the University of Beijing in 2018 and continued studying at Stanford from 2018 to 2023. Yu was titled at the School of Young Talents from the University of Science and Technology of China and then doctorate in computer science at the University of Illinois Urbano-Champaign. And Bi graduated from the University of Zhejiang and then doctorate in mathematics at the University of California in Berkeley. China is the great world engineer quarry. The Asian giant is also in terms of its academic dimension. It is by far the largest world producer of graduates in Stem races (science, technology, engineering and mathematics). They know that well in the US, because Chinese students are the ones who take the highest share of foreign students studying or complete their studies in the US: 20% of all of them come from China. And above all, of AI engineers. A report of the Paulgo Institute of Chicago (USA) recently revealed that 38% of AI experts that develop their professional career in the US They have formed in Chinese universities. … Read more

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