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Hypercapitalism and the AI talent wars

blog.johnluttig.com

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Re: Hypercapitalism and the AI talent wars

#71

Post by humanrebar »

nopinsight wrote: post #10
harimau777 wrote: post #7

Earlier quoted context omitted.

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.

impact != story points

Yeah, story points approximate effort, so it's fairly impossible to be 10x on those.

JIRA has a notion of business value points, and you could make up similar metrics in other project planning tools. The problem would then be how to estimate the value of implementing 0.01% of the technology of a product that doesn't sell as a standalone feature. If you can accurately do that, you might be the 100x employee already.

Re: Hypercapitalism and the AI talent wars

#72

Post by Qwertious »

hlynurd wrote: post #69
blitzar wrote: post #62

Earlier quoted context omitted.

The 10x from 400 billion to 4 trillion in a decade didnt come from 2% inflation. It didnt come from nowhwere, or from Silicon Valleys exceptionalism - It came from changing the value of money, labour and resources. It came from everyday people, deficits and borrowing from the next 10 generations of children.

Seems like this is about something other than LLMs?

LLMs don't exist in a vacuum. Someone spends money to build LLMs, builds infrastructure that the LLMs run on, extracts training data to run the LLMs on, uses LLM for various use-cases, and makes revenue from specific LLM users.

Re: Hypercapitalism and the AI talent wars

#73

Post by Qwertious »

systemvoltage wrote: post #30
bix6 wrote: 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]

https://en.wikipedia.org/wiki/Political_economy

Re: Hypercapitalism and the AI talent wars

#74

Post by amelius »

hlynurd wrote: post #55
blitzar wrote: post #42

Earlier quoted context omitted.

There is something immoral about a company saying "we are going to spend $100bn this year on building a LLM" The icing on the cake is when all their competitors say "so will we".

I'm really struggling with seeing how this is immoral.

I learned this in elementary school. When 10 kids join forces to bully one kid, that is immoral. Same with companies and VC money trying to corner a market.

Re: Hypercapitalism and the AI talent wars

#75

Post by ygritte »

> It breaks down the existing rules of engagement, from the social contract of company formation, to the loyalty of labor, to the duty to sustain an already-working product, to the conflict rules that investors used to follow.

WTF is this guy hallucinating about? None of that ever existed.

Re: Hypercapitalism and the AI talent wars

#78

Post by aaa_aaa »

Quarrelsome wrote: post #58
hlynurd wrote: post #55

Earlier quoted context omitted.

I'm really struggling with seeing how this is immoral.

they're all a bit immoral, like how Hollywood made it big by avoiding patents, how YouTube got its mammoth exit via widespread copyright infringement and now LLMs gather up the skills of people it pays nothing to and tries to sell. However we could also argue that most things in human society are less moral than moral (e.g. cars, supermarkets, etc). But we can also argue that dropping some hundreds of millions in VC…

Patents and copyrigt laws are immoral.

Re: Hypercapitalism and the AI talent wars

#79

Post by amelius »

satyrun wrote: post #76
amelius wrote: post #39

Earlier quoted context omitted.

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

[flagged]

I don't know about the IT worker part but I dare you to talk about capitalism to the nurses, school teachers and police officers who cannot have lucrative business models like us HN folks.

Re: Hypercapitalism and the AI talent wars

#80

Post by harimau777 »

aaa_aaa wrote: post #78
Quarrelsome wrote: post #58

Earlier quoted context omitted.

they're all a bit immoral, like how Hollywood made it big by avoiding patents, how YouTube got its mammoth exit via widespread copyright infringement and now LLMs gather up the skills of people it pays nothing to and tries to sell. However we could also argue that most things in human society are less moral than moral (e.g. cars, supermarkets, etc). But we can also argue that dropping some hundreds of millions in VC…

Patents and copyrigt laws are immoral.

I think it's a little more nuanced than that. Certainly IP is regularly abused to try to suppress competition/innovation, own our shared culture, create artificial scarcity, etc. However, there's also a need to protect artists and other creatives from having their work scooped up and profited off of by mega corps.
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