Hey👋,
I'm Giacomo

"Hey baby, I got a bonus, let's go celebrate!"
"Well done, how much?"
"1,000,000,000,000 dollars."

It sounds so insane that actually makes sense.

To get the cash, Elon Musk must:

- Raise Tesla’s valuation to $8.5tn (twice the most valuable company today).
- Boost earnings to $400bn, about 24× what it earns now.
- Sell millions of Optimus robots.
- Sell millions of autonomous driving subscriptions.

Will he make it?

I think so. I don’t see why not.

The only real risk here, is Musk himself.

What if something happens to him before that?
He almost died at least twice.

How much is Tesla worth without Musk?
Probably just a fraction of today’s valuation.

Maybe close to nothing actually.

Remember,
Tesla is already one of the most overvalued stocks in America.
P/E ratio 298.3.

For context,
NVIDIA is at 53.5, and Meta at “just” 27.4.

So the Musk premium is already priced in.

But if he actually delivers, the world will be a much happier place.

Millions of robots doing our work.
Cheap transportation.
No road accidents.
No city pollution.

We’ll definitely get there, sooner or later.
I was in China recently and I got a glimpse of this future.

The only question is when,
and whether Tesla will be the first to get there.

Yesterday at Analytics Summit, someone asked the amazing Simo Ahava how he envisions web analytics in the next 5–10 years.

His answer was spot on:

“I don’t know what’s gonna change, but I do know what’s not going to change: team silos and broken collaboration.”

True.
But it got me thinking…

💡What if we won’t even have a “web” to analyse anymore?

What if there are no browsers, no websites.

At least not in the way we know them today?

What if the future of the internet is an omnipresent LLM chatbot, a single interface that is the internet?

In that world, brands won’t build websites or apps.

They’ll just make great products, and market them through chatbots.

Think of partnerships. Licensing deals. Sponsored results.

Imagine booking a flight:
“Hey ChatGPT, book me a flight from X to Y.”
“Sure, here’s your booking.”

Maybe the backend is Booking.com, but I’ll never see it.

At that point, “web” analytics becomes brutally simple:
“How many bookings did ChatGPT send us this month?”

Unless your brand is strong enough that people ask explicitly:

“Book me a flight with Booking.com.”

Then, once again, what truly matters is your brand. Nothing else.

This is the essence of the AI Marketing revolution unfolding before our eyes, right now.

Can’t wait to see how this unfolds!

The best quote I’ve ever read.

And it couldn’t be more relevant in the age of AI.

Yesterday I said we should treat LLMs like a real human audience.

Just like with people, advertising can influence what LLMs “think” of our brand.

But here’s the problem:
we can’t see who they “are.”

We can’t target audience segments, like we do with real people.

So performance marketing, just like a laser in a pitch-black room, won’t be effective.

Brand building then becomes the smarter play to create "mental availability" inside LLMs.

The goal is to make sure you’re known, salient, and more “popular” than competitors. So will you come to “mind” when users ask about your space.

Performance marketing has massively risen in relevance in the last 20 years.

But now it's losing ground:

-> GDPR and the cookie collapse
-> AI chat disintermediating search
-> AI "stealing" traffic from websites and display ads impressions

The foundations of data-driven performance are being questioned.

That’s why brand is back!

But it’s shouldn't be brand versus performance. It never should have in fact.

They work together, now more than ever.

Brand lights up the room.
Performance laser targets once the lights are on.

Brian Chesky couldn’t have said it better.

🔔 Stay tuned!
More AI Marketing pills next Wednesday.

The biggest marketing revolution of the past 20 years is happening right now.

You guessed it, It’s about AI 😅.

We’ve officially entered the Age of AI,
and the rules of marketing are being rewritten in real time.

What used to work, just doesn’t anymore.

Most marketers are still playing the old game with new tools.
That’s a mistake.

I’ve been spending a lot of time researching this shift.
Now I want to share my findings with other business leaders like you!

So, starting tomorrow, every Wednesday,
I’ll share actionable insights on how to approach Marketing in the Age of AI.

With particular attention to advertising and performance marketing.

🧠 Wednesdays will focus on strategic insights.

On other days I will continue sharing news and more tactical ideas.

If you’re a marketer or business leader trying to make sense of the chaos,

👉 follow me and hit the 🔔 not to miss any post!

The first post of the series drops tomorrow. Can’t wait!

This is how ChatGPT kills a small business.

It is a real story, and a warning for every online marketer and business owner.

Guide to Lofoten runs guided tours in the Lofoten Islands, northern Norway.

For years, they nailed SEO and digital marketing.
They brought traffic to their website and sold their tours.

Now, their business is collapsing before their eyes.

Their revenue came 50/50 from:

- Website content monetisation (display ads, paid articles etc)
- Guided tours

The first half is gone.
GPT took their website traffic.

Why visit a travel blog when a chatbot gives you the same answers instantly?

The second half is dying too.
Their tours barely show up online anymore.

💡 Because ChatGPT hardly mentions small websites for transactional conversations. There is growing academic evidence of this.

It prefers popular platforms, like GetYourGuide in this case.

Which take high commissions.
And that’s their small business' margin gone.

Two possible ways out:

1️⃣ Advertising
→ very expensive because competing against giants.

2️⃣ Becoming famous content creators (300k+ followers?)
→ possible, but brutal in the crowded travel niche.

No easy fix. Maybe no fix at all.
Their business model is simply becoming obsolete.

And that happens. It always has during technological shifts.

Bur for us marketers, two lessons stand out:

1️⃣ Info businesses are dead.
2️⃣ Aggregators thrive in the age of AI.

It's easy to see why.

Aggregators provide a large source of organised structured data, perfect to feed AI algorithms.

Of course, not all businesses are aggregators.
But they can look like one, or possibly work with one.

Think of SEO structured data, or retail media.

Adapt or die, as always.

Sunday thoughts: is our golden age ending? 🌍

A mandatory read if you want to understand our times.

Nothing to do with AI or Marketing. Yet, everything to do with all the rest.

It’s helped me put things into perspective… and realise how lucky I am to live right now, in Europe, in this moment of history.

Ours is a golden age,
no questions about it.

Comparable to Ancient Greece, the Roman Republic, or even Song China.

But cracks are starting to show.

Every golden age has three fundamental elements in common:

- Free and open society
- Rule of law
- Peace

That’s the foundation for individual inventiveness and innovation.
And it’s exactly social and technological innovation that sparks a golden age.

Ours, clearly, is driven by technology.

But there’s one more thing golden ages share.

They never last.

Today, open society, rule of law, and peace are being seriously tested.
Without them, our golden age won’t survive.

The trigger of decline is simple: fear.

When fear of decline outweighs belief in progress, decline becomes inevitable, like a self-fulfilling prophecy.

But look at how far we’ve come in just a few decades.
And how much more we can still achieve.

Decline isn’t imminent.
And it’s definitely not inevitable.

Take one example:
the golden ages of the past produced some of humanity’s greatest minds, philosophers, artists, statesmen etc.

Yet none of them, over thousands of years, ever questioned the role of women in public life or the existence of slavery.

Now think of today.
And we still have a long way to go!

At this point it’s on us.

To choose between fear of decline or faith in progress and peace.
And if we choose the latter we need to protect it at all cost!

So in a sense yes, this post is also about AI.
Because this technology might just be the spark of an even better golden age.

If we want it to be. ⚡

While OpenAI flirts with erotic AI,

Anthropic is quietly raking in billions from enterprise clients.

The Claude’s maker is projected to hit $9 billion in revenue this year.

Not far from OpenAI’s $13 billion, despite having just a fraction of its active users.

In fact, Anthropic generates 80% of its revenue from around 300’000 enterprise customers.

A far cry from the 800 million weekly active users of OpenAI, which are mostly consumers.

Anthropic’s average revenue per user is off the charts! 🔥

Same AI, very different monetisation models.

In the end, both are backed by the same blend of Big Tech and VC money, so everyone will win regardless.

But as an AI user and enthusiast myself, I can’t help but wonder which model will actually prevail.

If I had to place a bet, I’d still go with ChatGPT + ads.

Because I still believe GPT is a new Google, plus social, plus personal companion.

Sure, enterprise AI is more profitable now, but also more niche in the long term.

And anyway more competitive.

Think of competitors like Google Cloud or AWS with their respective enterprise AI offerings.

But wait, Google and Amazon are also among the largest Anthropic’s shareholders 😅

In any case, what’s already clear now is that models will commoditise, both in B2B and B2C.

What matters is the ecosystem built around them.

Last week I was in Shanghai,

and I saw the future.

What I expected:

→ chaos and noise
→ grey skies and pollution
→ rubbish and smell

What I found instead:

→ quiet streets, even with heavy traffic
→ blue skies and crisp air
→ spotless roads, cleaner than Zurich

The main reason?
Electric vehicles. ⚡️

Nine out of ten cars are electric.
Nine out of ten brands you’ve probably never heard of.

The reality of an electric-first city hits you head-on.

This is what the future looks, sounds, and smells like.

I don’t own an electric car myself, and I’ve always been a bit skeptical.

But after Shanghai, I couldn’t have changed my mind faster!

Electric cars aren’t just the future of mobility.
They’re the future of cities, and society itself.

And the next logical step is autonomous driving.

This will solve that percentage of drivers still driving like crazy and putting everyone in danger.

This is going to be bigger than the smartphone or even AI.

It’s going to reshape how we live, move, and breathe on this planet.

For the first time in a while, I’m genuinely optimistic about the future and climate change.
It feels doable!

Still, there are caveats.
A huge one: where the electricity comes from.
China still relies heavily on coal.

But the more EVs take over, the stronger the incentive to invest in clean energy, even at a private level.

Remember Elon Musk’s old plan for a fully solar-powered household?
Ahead of its time, but now it makes perfect sense.

Another concern: the transition itself.
European car brands are under serious threat, along with countless jobs.

Because Chinese cars are beautiful, powerful, and most importantly cheap.

When I saw BMWs in Shanghai, they looked like relics of a smoky past.

Meanwhile, Xiaomi looked like Ferrari.

“Made in China” means innovation and quality at this point.

(I even bought a replica of Timberland boots from a Chinese brand, that are just better and cheaper)

I can’t wait for the electric future to arrive.

But we’d better move fast to make it sustainable for our economies.

At least 57% of social media content is AI.

That’s a lot.
Just a year ago, it was close to zero.

And now, Pinterest is the first major platform to do something about it.

They launched a “tuner” tool that lets users filter Gen AI content in/out by category.

Interesting how it’s not a simple yes or no.
As if they’re asking: “Are you really, really sure?” 😛

I think it’s brilliant.
And I hope others copy it.

Being that said, I gladly welcome AI “slop.”

We call Gen AI content “slop,” as if what we had before wasn’t.

What’s the difference between a “human” stupid prank and an AI kitten video?

Zero.

Might as well make everything with AI.

That 57% is actually still low.

It should be closer 90%.
Leave the remaining 10% to truly valuable stuff, professional comedians, expert commentary, real interviews, etc.

Basically, what good TV used to do.

To me, it’s far more shocking when something like the Hawk Tuah girl takes over our feeds than seeing an AI Trump parody.

At least those AI videos try to make a point.

“Spit on that thing” is just nothing.
And even launched a crypto scam!

So yes, long live AI slop.
But do give me the option to choose my flavor.

Personally, I’m just here for AI kittens escaping police blockades in sports cars.

I love that trend🐱🚓💨

Imagine managing every ad campaign directly through ChatGPT.

From Google Ads to TikTok and Programmatic. All by just asking “target sport enthusiasts with a 10k budget”.

That’s what the folks at AdCP are building.

An MCP connector designed to unify all ad platforms in one place.
From audience targeting and campaign activations, to reporting.

Not sure it will ever take off.
It seems the big players aren’t on board yet.

Still, the idea is intriguing.
One way or another, we’re heading there.

Since even AI chatbots will soon sell ads themselves, AI-driven buying will become the natural default.

Even now, tools like Google Search Ads 360 are bringing more platforms under one roof, soon including Meta and Criteo as well.

I gave a webinar about this last week.

Because despite few giants and budget concentration, the ad industry is still very fragmented and overly complex.

Maybe this is how we finally start to simplify it.