I like to send these articles to my team to put our small mistakes in to scale.
SoftBank Vision funds post record $39B annual loss
131–140 of 149 posts
Re: SoftBank Vision funds post record $39B annual loss
#132Earlier quoted context omitted.
or if you wanna be a much blunter in saying this: because this society NEEDS that there exists poor people, essentially people unable to refuse a shitty job.
depending on what you mean by Needs, i actually disagree. For example we could all be a lot richer with automation ... it seems the price of goods typically plummet once they're automated and saturated. Eg: food, iirc food production uses like 95% less people than in the past and is cheaper than it's ever been (practically free, and the very poor can get it for free at foodbanks etc). I do think if we automate the pr…
the real issue is not about what I mean by "Need"
the real difficulties in these arguments come from defining (or trying to) what we mean by "this society", in part because society has many distinct (but intertwined) components
in regards to food, and those things we need but cannot automate, it's not so simple.
because of how capitalism works at dropping costs, in many cases what we actually get is lesser quality things that we absolutely need (like food).
When this gets really really nasty is when applied to education. made cheaper because everybody needs one, but also made shittier, thereby creating people who cannot refuse certain propositions and choices.
shitty education (shitty food) directly contributing to the continued 'availability' of poor people who cannot refuse shitty deals. in this light it could almost be concluded that this system is self-sustaining? ugh.
Re: SoftBank Vision funds post record $39B annual loss
#133Earlier quoted context omitted.
That’s why it was so helpful to them when Biden was elected, he immediately implemented policies that futures traders felt spelled decrease in supply both short and long term, that along w the war in Ukraine made for a very successful year.
And yet crude oil prices are now lower than they were prior to the breakout of the war in February 2022. Funny things, these markets!
Crude of course isn’t the whole story. Gas in my region is again over $4/gal
Re: SoftBank Vision funds post record $39B annual loss
#134Earlier quoted context omitted.
I think I’m already aware. I’m comfortable with my decision. I haven’t driven in 5 years and I still drive my prius and probably have 100k miles left.
Are you aware if you would have continued to drive and put on 100 more k for Uber you wouldn't be driving that prius today.
I don’t understand your point. You keep asking obvious questions. Of course if I currently have 100k left and I drove 100k miles I would have zero left and a new car. Yes, of course I’m aware.
I have done the math and am comfortable with my decision. I made extra money and it worked out fine. I understand depreciation and it’s the cost of goods.
Are you aware that many jobs have supplies that are used up in the performance of your job?
It’s pretty basic arithmetic that there are many scenarios where driving for Uber is a perfectly fine choice. Not everyone is driving an F150 and sitting in traffic. Lots of people drive efficient cars and are happy.
The reason people drive for Uber for many years isn’t because they are somehow dumber than you and not aware of basic things.
Re: SoftBank Vision funds post record $39B annual loss
#135Their massive early investment in Uber distorted their reality and they expected ride sharing to be incredibly successful in other markets when it's not even successful in the USA - it's a fraud that pays below minimum wage off the backs of people who cannot do math. It has never made money anywhere ... ARM has had a laziness problem ever since the Apple A1 chip - there's a reason why nobody uses their 6-yr old layou…
Nobody was really talking about this ARM problem when it was happening. At least not on HN. I am always hearing these things after the fact. How do you stay on top of these things?
Re: SoftBank Vision funds post record $39B annual loss
#136Earlier quoted context omitted.
They'll have Apple's (likely immense) license fees for at least a decade - Apple won't make another architecture change anytime soon. And the rest of ARM's business... it's not like there are any alternatives. China hasn't managed to create a competitor, and even if they do it may very well be sanctioned and so useless to the US and EU. Intel/AMD's x86 is a dead end for the high-efficiency, low power market that ARM…
ARMs behavior lately is pushing a lot of riscv investment, my prediction is that Apple will migrate away from ARM 10years from now to something they can self-control, like riscv with some Apple-only extensions
Its crazy to think about where things will be 10 years from now. Will we have beached 1nm? Then what? Is there actually a feasible roadmap for after that?
Re: SoftBank Vision funds post record $39B annual loss
#137Earlier quoted context omitted.
Hwang couldn’t have unwound his massive positions without crashing the prices. There was no quitting while you’re ahead for him. I still really don’t understand what game he was playing.
He definitely could have unwound his positions quietly over time. He'd have moved prices, sure, and his profits would have been less than what was marked to market, but nothing would have crashed. Forced selling from margin calls is what crashes prices.
1. Buy lots of stock quickly and loudly.
2. Sell it slowly and quietly.
3. Profit!
I don’t think this is how markets work.
Re: SoftBank Vision funds post record $39B annual loss
#138Earlier quoted context omitted.
ARMs behavior lately is pushing a lot of riscv investment, my prediction is that Apple will migrate away from ARM 10years from now to something they can self-control, like riscv with some Apple-only extensions
Its crazy to think about where things will be 10 years from now. Will we have beached 1nm? Then what? Is there actually a feasible roadmap for after that?
Yeah, we're already seeing it with SoCs: 3D stacking. The challenge will be getting them cooled.
Re: SoftBank Vision funds post record $39B annual loss
#139Earlier quoted context omitted.
I do wonder if ARMs business model works long term. Imagination Technologies crashed the exact same way.
They'll have Apple's (likely immense) license fees for at least a decade - Apple won't make another architecture change anytime soon. And the rest of ARM's business... it's not like there are any alternatives. China hasn't managed to create a competitor, and even if they do it may very well be sanctioned and so useless to the US and EU. Intel/AMD's x86 is a dead end for the high-efficiency, low power market that ARM…
>but ARM is decades ahead
I do not believe ARM is decades ahead.
RISC-V's software ecosystem really is close already. I'd be hard pressed to name something that doesn't work well on RISC-V yet, besides DotNet, which recently merged RISC-V support and thus is still quite green.
Hardware-wise, SiFive's designs destroy ARM's own in performance/power/area. Tenstorrent Ascalon is to be released 2024, competitive with projected Zen5.
It's quite imminent.
RISC-V is inevitable.
Re: SoftBank Vision funds post record $39B annual loss
#140Earlier quoted context omitted.
I’ve asked my Uber and Lyft drivers over the years about how they feel about their work. They seem generally ok because it’s pretty flexible when they work and many people are doing it for supplemental income. I’ve yet to hear someone complain. I’m fact many of them, in nyc at least, are former taxi drivers that were being exploited mercilessly by the medallion holder. While Uber might be exploiting them just as hard…
There might be a selection bias there: the ones doing uber are the ones it works for. I only use taxis and several times I've had drivers who've been uber drivers and gone (back) to taxi for various reasons. Of course that's got a selection bias in it too...
And likely varies wildly across countries.