Viewing profile — overrun11

Most Americans directly own stocks and a college graduate is even more likely to. This isn't the 1860's so a lot of these critiques of capitalism are anachronistic. The reality is …

> AI represents the ultimate dream of the capitalist: the elimination of the need of human labor entirely Decreasing human toil for the same level of production should be the dream…

They aren't profitable on a GAAP basis and no one claims this. This obsession over profits is misguided. These are hyper growth companies growing at a scale never seen before. It i…

Yes that is exactly what is happening. OpenAI and Anthropic are the fastest growing companies by revenue ever and their gross profit margins are healthy.

Arguably nothing even has to change with training for this to be sustainable. Dario has claimed that Anthropic is profitable on a per training run basis. They aren't profitable bec…

> hypothetically, if a construction company sold houses for more than it cost to build them, that company could be considered profitable. Construction companies capitalize and depr…

Google can't do any of these things

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Gross margins and cost of revenue are well defined accounting terms that apply to any type of business. > Does it include: > Inference used for training? Modern training pipelines …

The article is about compute cost though. By "lose money on inference" I mean the assertion that inference has negative gross margins which a lot of people truly believe. This is i…

> which would imply that the money their making off it isn't enough I don't think this logically follows. An unlimited buffet doesn't let you resell all of the food out the backdoo…

A huge number of people are convinced that OpenAI and Anthropic are selling inference tokens at a loss despite the fact that there's no evidence this is true and a lot of evidence …

> If they are, they should be compensated for the constant risk they bear. I suspect that they are. US tech workers likely make dramatically more than the country you are from with…

To the extent that this is even true it appears to be caused by three things: stock option compensation accounting, R&D deductions and bonus depreciation. Stock option compensation…

Most small businesses are pass through entities in the United States and pay no corporate taxes at all so it's certainly not the case that "The game is heavily rigged to favor larg…

21% has been the highest possible corporate tax rate since 2017. It's not really fair to compare what Meta pays now to what you paid under an entirely different tax regime. You wou…

> It only applies to estates over $14MM Yes this entire conversation is about the ultra wealthy not paying their "fair share". A $14MM exemption is practically irrelevant here. > m…

No that's just a really misleading graph. Most of the gap disappears once you include variable pay like benefits, overtime, bonuses, stock comp etc. See this explanation and correc…

First, taxes still get paid when the individual dies as estate tax. Second, increased shareholder value typically means more corporate profit which is also taxed. Third, dividends …

It's implicit. Amazon has billions of dollars because customers freely handed over the money. We know they found the service valuable because they wouldn't have done so otherwise. …

Twitter pays more for US impressions so slop accounts often target a US audience and the payments are relatively more attractive to people in less developed countries. Aside from t…

No slop accounts being run from third world countries is not a global scandal

That people from third world countries are making slop political accounts to make money? Hardly a news story at all

If it's impossible to measure art's value then there can't be any cutoff point at which we stop funding ever more art. Anyone who attempts to put a number on its value is treated a…

You have to make an argument on _why_ market forces don't compensate artists fairly. The standard argument is that art is a public good with a free rider problem– a mural might pro…