
The Weekend: What does ambition look like?
Madeleine Chapman reflects on the week that was.
Over new years, I was in Japan on a lovely trip, waiting outside a tiny cafe run by an old man. He didn't have a website or anything, but had recently gone viral on TikTok for one of the few dishes he made.
When we arrived, his store was closed, but the sign said it would be open that day. So we waited, and over the next 40 minutes, tourists came and went, some knocking on the glass, others grumbling about the inconsistent opening hours. Eventually, he emerged, took one look at us and crossed his two index fingers. Closed. Someone tried to protest and he just shook his head before shutting the door behind him.
Part of me was gutted because we'd travelled specifically to try his dish and now wouldn't be able to. But I loved his refusal to cater to his newfound popularity. He knew exactly what he wanted to do and wasn't going to change, no matter how many people were waiting grumpily outside, desperate to give him their money.
I've been thinking a lot about ambition lately, as I've been planning my exit from The Spinoff. This idea of ambition and a need to always be moving up in the world or 'making an impact'.
Ambition is so tied up in capitalism that it's taken me months to even start untangling the two in my mind. One of the exciting things my partner Jenn and I are doing later this year is moving to a much smaller city.
I spent weeks plotting in my head how I would be able to make up my current salary in remote freelance and contract work when the job market is so quiet. Spoiler: it would be extremely difficult. I quietly stressed about this until Jenn asked me why I was trying to earn the same amount when our living costs were about to halve and the whole point of moving was to have less stress and financial pressure.
I didn't have an answer except to think that it seemed like something I should do. Otherwise I'm just quitting.
Reading Hera Lindsay Bird's advice this week to a reader asking 'am I squandering my potential?' was a perfectly timed reminder that ambition can be directed anywhere. Yes you can be ambitious in a professional sense, but just as many people are equally ambitious in their home lives, in their hobbies, in their friendships and in their health. Over the past few months I have developed an even bigger admiration for those who know what they want and do precisely what they need to get it – whether it's fame, fortune or having time for fun.
That man in Japan would be considered unambitious by many (though one could argue limiting supply increases demand and is a business masterstroke) but it takes a lot of strength to stick to your wants and not be swept along by the ambitions others have for you.
In 2016, I asked a stranger for an opportunity because it was exactly what I wanted to do. To my surprise and delight, he said yes. That is probably the last time I felt truly ambitious, going after something brand new that I deeply wanted but didn't know if I would ever have.
After a decade of saying yes (and don't get me wrong, benefitting hugely from it and having a lot of fun along the way doing exactly what I dreamed of), I've realised that exactly what I want now is the opposite.
And suddenly I feel ambitious again.
The stories Spinoff readers spent the most time with this week
Feedback of the week
'Related to this so much. This is why we need to regulate the companies and not the users. I have managed to curb some of my phone addiction through a lot of work and full deletion of all social media apps, but now I literally (not kidding) obsessively check the spinoff. Comments section doesn't help lol. Next step is to get to the heart of what I'm avoiding by being on my phone…'
'As someone who is currently studying towards a MIS (Master's in Information Studies) to hopefully gain a professional-level librarian position I am fuming. The time and expense to do this qualification is being undervalued by this government, as is my career pathway of choice. Most professional librarian positions need the MIS, and to say that we don't deserve to be paid as much as fisheries officers is deeply offensive. Librarians don't spend their days reading or checking out books. It is far more complex than that -and the assistants who check out the books deserve more pay too – their jobs are also technically complex, misunderstood and undervalued'

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Techday NZ
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Will Hurd, who also served on OpenAI's board before running for US president, compared the AI contest to the nuclear arms race. "Artificial intelligence is the equivalent of nuclear fission. Nuclear fission controlled gives you nuclear power… uncontrolled, nuclear weapons can kill everybody," he said. Hurd emphasised the importance of first-mover advantage, warning that the US cannot afford to lose its technological lead. He also highlighted a lack of reciprocity in the tech relationship between the two countries. "Chinese companies like Baidu, DJI, and TikTok operate freely in the US, but American companies are not allowed to operate in China," Hurd pointed out. "If there was a level of reciprocity between our two countries, we wouldn't be here having this debate about chip controls." Yet, on the opposing side, former senior US diplomat Susan Thornton and technology strategist Paul Triolo insisted the US could not outpace China in AI simply by tightening export controls. Triolo argued that the controls are "not working and will not lead to US dominance in AI", describing them as a blunt instrument that creates confusion for industry and disrupts global supply chains. "Most experts believe that Chinese companies are only three months behind US leaders in developing advanced AI models," Triolo said, suggesting any technological gap is vanishingly slim. Thornton, who spent decades at the heart of US-China diplomacy, warned of unintended consequences. "The main thing we should be asking ourselves about this question… is what is the cost benefit of US policy actions?" she said. "We have to face the reality that China is already building AI… a third of the world's top AI scientists are Chinese. China is one third of the entire global technology market. So it's clearly a player." She cautioned that blocking China from critical technology could backfire, hurting US companies, alienating allies and raising the risks around Taiwan, the global centre of advanced chip manufacturing. "Certainly, the one thing we need to do is avoid going to war," Thornton warned. "Taiwan, the most sensitive issue in US-China relations, has now been dragged right into the middle of this AI issue because they're the place that produces all the cutting-edge chips that we're trying to control." Audience members pressed the panel on whether international collaboration on AI safety was possible, and whether the US could ever match China's data advantage, given the size of the Chinese population and its permissive data environment. Hurd conceded that "the US will always have less data because we have a little thing called civil liberties," but argued that superior algorithms and privacy-protective machine learning could level the playing field. 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"We should focus on the things that are going to matter to our children and their children, which is the long-term AI competition, which if not constrained and bounded by international agreements and by cooperation among countries… it'll be a very dangerous world."


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'I've followed it for a long time, and I think fashion reflects the times, it reflects the zeitgeist.' Much of his online commentary is here: Prada buying Versace, Hermès' Birkin bag and the empty Burberry, Gucci and Jimmy Choo shops on the basement level of the Westfield mall in Newmarket. People who have read entry-level guides to investing have likely been warned to stay away from fund managers and stick to index funds like the S&P 500 because they will get a better return. Bradfield adds that there's research that shows the stock accounts of dead people do better than when they were alive. But 'not mine', he said. His heroes – Terry Smith, Peter Lynch, Nick Sleep and still after all these years, Warren Buffett – are known to have outperformed the market. According to Bradfield, one of the problems (and there are others) of index funds is that wide brush with which they invest. It's 'too much diversification'. Sure, some of the 500 companies will perform well, but 'how can you possibly know about 500 companies? I can't.' Bradfield prefers to spend time thinking about investing and researching, and he is always looking for those 'good value' companies. The first thing Bradfield will do is look up a company on Glassdoor, a website where employees can anonymously review and rate their workplace. 'I want to see what their employees think.' But constantly reading up on things doesn't mean he is constantly moving money around or trying to make quick returns. He thinks the stock market, with its constant streams of information, tries to encourage activity and that there's also a human instinct to tinker with things, to change things, but it's often better to do less. If you've bought quality companies, the best thing to do is hold onto them. As funds grow, Bradfield mostly reinvests into the same companies. In terms of new investments, 'I figure you can only make a few good decisions a year.' So what does he think makes a good investor or fund manager? 'You don't have to really have a big IQ to be a good investor,' says Bradfield. 'You just have to be very good with your nerves, quite patient and calm.' Leaning back on the leather recliner, he is softly spoken and careful. Behind me, his desk was covered in stacks of paper – printed out company reports, stock analyses and more things that most people wouldn't have the attention span for. He consumes the same kind of reading material when he's at home, too. He is not blasé about the $155 million in funds invested through Elevation Capital, saying it's a 'big honour', but while much of the finance sector is 'very serious, very reverential', Bradfield thinks 'you can be a bit silly and a bit fun'. But there's something else too. 'I think if you don't think differently, then you're not going to have differentiated results.'

RNZ News
4 days ago
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Trade me and Stuff join forces
business media 26 minutes ago There's another change for the media landscape in Aotearoa with a new marriage between Trade Me and Stuff. The Spinoff's Managing editor and media commentator Duncan Grieve spoke to Charlotte Cook.