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Hypercapitalism and the AI talent wars

blog.johnluttig.com

31–40 of 256 posts

Re: Hypercapitalism and the AI talent wars

#31

https://medium.com/@villispeaks/the-blitzhire-acquisition-e3... > Blitzhires are another form of an acquisition.. not everybody may be thrilled of the outcome.. employees left behind may feel betrayed and unappreciated.. investors may feel founders may have broken a social contract. But, for a Blitzhire to work, usually everybody needs to work together and align. The driver behind these deals is speed. Maybe concerns…

Workers of the world unite?

Re: Hypercapitalism and the AI talent wars

#32
post #27

I find the current VC/billionaire strategy a bit odd and suboptimal. If we consider the current search for AGI as something like a multi-armed bandit seeking to identify “valuable researchers”, the industry is way over-indexing on the exploitation side of the exploitation/exploration trade-off. If I had billions to throw around, instead of siphoning large amounts of it to a relatively small number of people, I would…

Agreed, and I suspect the explanation is that these plays are done not to search for a true AGI, but to drive up hype (and 'the line').

The higher the line goes, the higher the expected value of return on investment. It’s a virtuous cycle based on a bet on all horses, but since the EV is so high for first mover advantage for AGI, it might be worth it to overleverage compared to the past for your top picks? These are still small sums for Zuckerberg to pay personally, let alone for Meta to pay. This is already priced in.

Re: Hypercapitalism and the AI talent wars

#33
post #28

Earlier quoted context omitted.

Ironically, there's no M2 expansion going on since Covid days and M2 to GDP is back to what it was pre-Covid and overall didn't even increase much at all even since GFC. It's only 1.5x of what it was at the bottom in 1997 when cost of capital was much higher than today. I think this concern is misplaced.

M2 is the wrong statistic for sure, but the thrust of GP's comment is accurate, IMO. Fed intervention has not remotely been removed from the economy. The "big beautiful bill" probably just amounts to another round of it (fiscal excess will lead to a crisis which will force a monetary bailout).

[deleted]

Re: Hypercapitalism and the AI talent wars

#34
post #24

The full bodied palate of this AI market mirrors the sharp nose of 2023 AI doomerism. The argument goes: if AI is going to destroy humanity, even if that is a 0.001% chance, we should all totally re-wire society to prevent that from happening, because the _potential_ risk is so huge. Same goes with these AI companies. What they are shooting for, is to replace white collar workers completely. Every single white collar…

Maybe some of that frothy capital will finally leave the housing market.

Re: Hypercapitalism and the AI talent wars

#35
post #11

“The AI capital influx means that mega-projects no longer seem outlandishly expensive. This is good for the world!” Is it? This whole piece just reads of mega funds and giga corps throwing ridiculous cash for pay to win. Nothing new there. We can’t train more people? I didn’t know Universities were suddenly producing waaaay less talent and that intelligence fell off a cliff. Things have gone parabolic! It’s giga mega…

[flagged]

Can you write off everything popular with the normie zeitgeist?

Re: Hypercapitalism and the AI talent wars

#36
post #8
post #6

Earlier quoted context omitted.

> The first team to deliver a model that can run on a GPU alongside a game, so that there is never an "I took an arrow to the knee" meme again is going to make a LOT of money. this feels like a fundamental misunderstanding of how video game dialogue writing works. it's actually an important that a player understand when the mission-critical dialogue is complete. While the specifics of a line becoming a meme may seem…

> this feels like a fundamental misunderstanding of how video game dialogue writing works. Factorio, Dwarf Fortress, Minecraft. There are plenty of games where the whole story is driven by cut scenes. There are plenty of games that shove your quests into their journal/pip boy to let you know how to drive game play. Dont get me wrong, I loved Zork back in the day (and still do) but we have evolved past that and the to…

There are a lot of games and gamers I guess that would benefit from very dynamic dialogue. It would mostly focus on long term games where the feeling of immersion in the world is valuable long after completing the main quests. Or systemic games where the main focus is concrete systems gameplay, but dialogue could help with idle chit chat and immersion.

Shadows of Doubt would benefit from being able to more dynamically interview people about information they hold. Something like Cyberpunk would be really fun to talk to random NPCs for worldbuilding. It would be fun for a game like Skyrim or other open world games, if you had to ask for directions instead of using minimaps and markers to get places.

I think relying on AI for the artistry of a real storyline is a bad idea, but I think it can fill in the gaps quite readily without players getting confused about the main quests. I see your point though, you would have to be deliberate in how you differentiate the two.

Re: Hypercapitalism and the AI talent wars

#37

Earlier quoted context omitted.

> the 10x engineer meme doesn’t go far enough – there are clearly people that are 1,000x the baseline impact. Plenty out there who want authors like this believing it enough to write it

Obviously the specifics are going to depend on exactly how a team pegs story points, but if an average engineer delivers 10 story points during a two week sprint, then that would mean that a 1000x engineer would deliver 10000 story points, correct? I don't see how someone can actually believe that.

He would come up with an out of the box solution.

Like writing a code generator that automates tedious work.

Re: Hypercapitalism and the AI talent wars

#38
post #11

“The AI capital influx means that mega-projects no longer seem outlandishly expensive. This is good for the world!” Is it? This whole piece just reads of mega funds and giga corps throwing ridiculous cash for pay to win. Nothing new there. We can’t train more people? I didn’t know Universities were suddenly producing waaaay less talent and that intelligence fell off a cliff. Things have gone parabolic! It’s giga mega…

[flagged]

Assuming you're not just a troll, it doesn't seem very reasonable to be against something simply because many people support it.

Re: Hypercapitalism and the AI talent wars

#39
post #11

“The AI capital influx means that mega-projects no longer seem outlandishly expensive. This is good for the world!” Is it? This whole piece just reads of mega funds and giga corps throwing ridiculous cash for pay to win. Nothing new there. We can’t train more people? I didn’t know Universities were suddenly producing waaaay less talent and that intelligence fell off a cliff. Things have gone parabolic! It’s giga mega…

[flagged]

Capitalism is made possible by the people. If it does not serve them well, it should be fixed or abolished.

Re: Hypercapitalism and the AI talent wars

#40

Earlier quoted context omitted.

[flagged]

Can you write off everything popular with the normie zeitgeist?

I would say if there is a decline in society, the normies are wrong. And if there's steady improvement in quality of life, then the normie zeitgeist is correct. But there's always a delay in these things, at least a generation.
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