111–120 of 249 posts
The economy is going to go into a deep recession for years with the current economic environment. There will be nobody left to spend money, just increasing corporate and ultra high wealth spend. The rest will be left with food and water. We are destroying currently valuable jobs to allocate resources to electricity and silicon, concentrating wealth into 10 companies pockets. I don't know what comes after, but when yo…
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The economy is going to go into a deep recession for years with the current economic environment. There will be nobody left to spend money, just increasing corporate and ultra high wealth spend. The rest will be left with food and water. We are destroying currently valuable jobs to allocate resources to electricity and silicon, concentrating wealth into 10 companies pockets. I don't know what comes after, but when yo…
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Those numbers are fraudulently underreported by the US government. Smart people have sold their US backed holdings. I'm making bank on gold and the international market.
Can you go into more detail about what you did with your investments? How did you invest in the international market?
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When I read this comment all I see is: LLM at the edge - or close to it - will become available. And whoever provides the best eco-system across digital lifestyle and business wins. Oh... Apple? lol. Well that'd be funny wouldn't it. Oh and dont forget Apple got rid of its reliance on Intel too. No reason why this can't happen again.
Could not believe how almost no-one saw this [0]. It was quite obvious that companies like Apple that are prioritizing local inference and potentially training have already won the race to $0. [0] https://news.ycombinator.com/item?id=40278371
Google's lack of investment in marketing, design and sales/distributions capabilities is going to hurt them badly. MSFT is no different in many respects - latching onto the investments in 'relationships' and 'switching cost' initiatives that have kept customers loyal to them.
Apple is in great shape.
The economy is going to go into a deep recession for years with the current economic environment. There will be nobody left to spend money, just increasing corporate and ultra high wealth spend. The rest will be left with food and water. We are destroying currently valuable jobs to allocate resources to electricity and silicon, concentrating wealth into 10 companies pockets. I don't know what comes after, but when yo…
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We will continue to be told this is because AI is driving efficiency instead of that it's driving CapEx and investors won't tolerate FCF collapsing.
I strongly believe AI will drive efficiency. I’m less certain about whether that’s already happening or will happen in the future and when in the future. However, I’ve already seen a CTO of a F100 company explicitly state that whether AI is driving efficiency or not, the capital investment, and more importantly, the promises of efficiency to investors will mean some people will be let go. Efficiency is output/input.…
Sometimes I feel like the only person left who remembers the pre-dotcom vibe. OpenClaw etc. should have set off alarms that we are back in the land of the Quick and the Dead.
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ASICs only work for very small and heavily quantized models. Moreover, they are fixed function hardware, so whenever you have a new model, you have to throw the current chips away and design and buy new ones. That's like buying a new CPU every time a new OS version comes out.
Google’s training and running all their stuff on ASICs, seems to be working out well.
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I heard this canard my entire life. It’s been said for centuries. If you want maximum employment pass a law that says all grass must be cut with scissors. Otherwise let productivity gains diffuse out - that’s the only way to increase true wealth
We can use technology to increase production and have a progressive tax. There is absolutely no reason we need to endure the extreme wealth divide.
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The latest strategies of etching weights into silicon seem like they can be generalized. We currently design gpu/tpu caching on the basis that the weights change frequently - if the weights do not change at all, or change very slowly - then there are other perhaps more efficient ways of laying out the memory on the chip which are somewhere between permanently etch a model onto silicon and use GPUs designed for graphi…
I'm assuming that they will do a silicon etching run once a year. Might be an interesting acquisition opportunity for Apple since that's the rhythm of their device release.
I'm pretty bullish on AI but Oracle's massive investments confuse me the most.
Regulatory capture to manufacture a monopolistic position is what many are planning. As gambling with other peoples money still has few fiscal consequences (see 2008), but will hurt Americans when the bubble implodes.
Note more cheap energy for home users typically means higher standards of living, and the Westinghouse electric economic cycle from the 1950s is now broken. Data centers are consuming the community infrastructure equity, and it will cost voters sooner or later.
Individuals can't stop trends, but one may profit from the predictable nature of both the unscrupulous and hapless. "Bulls make money, bears make money, pigs get slaughtered" as they say on wall-street. =3
"Memoirs of extraordinary popular delusions and the madness of crowds" (Charles Mackay, 1852)
https://www.gutenberg.org/files/24518/24518-h/24518-h.htm
"A Day in the Life of an Ensh*ttificator "