291–300 of 321 posts
“Web of circular deals” Welcome to how economies work. You only worry when you can’t see where the ends of the circle meet up. Ponzi schemes are notable specifically due primarily to the fact that they’re so directional and one-way. If you can’t pinpoint the escapement and see how it’s feeding into the winding of some other spring, walk away.
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You can quite easily ask it to summarize the result in a sentence or paragraph. LLMs have no other way to compute than write text and the more text they write the more compute they do. You only care about the final output.
I do. It typically goes on to write a preamble about why it gave a long answer before finally providing a summary. Token stuffing.
Unless you figure out how to talk in latent space directly to an llm the preamble is the cost you pay for getting the answer back in English.
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> You sound like you know what you’re talking about. Honestly, I'm not an expert either, but I've run a company, and I can all but guarantee that credit_guy above really does not know what he is talking about.
what is incorrect with what they are saying?
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You can't discount the impact this will have on global stock markets and what that may do to both individuals and, more importantly, pension funds, as a large swath of people are retiring
Yes but this is by design. Wealthy people want bubbles, when they pop, you can gobble up all the value at all time lows. Then you hold until you don't feel like it anymore as the market goes back to growing. You see this as how private equity has bought up real estate across the USA to turn into rentals after 2008, for example.
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It's worth noting Elisson is 2 years older than Trump. What's he going to do with all that money, and what does he care for the risk it's bad or shady? Worst case, he got to be #1 for a bit for a few dozen billion, best case he's hoping AGI will extend his life before he croaks.
> What's he going to do with all that money, and what does he care for the risk it's bad or shady? The thing that unites Ellison, Trump, Musk, Thiel and a fair few of the other politically active billionaires is the obsession with "legacy" - they want to leave their mark in the history books, figures which will likely be remembered and taught in schools in thousands of years similar to Roman emperors. Musk is the mos…
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Loans have happened long before 2008 and have continued ever since. This process is described in the Bible for example!
What does the Bible say about collecting interest on loans (the necessary part for making mortgage backed securities)
"AI companies say these kinds of large, reciprocal, and sometimes overlapping deals are what's needed to meet growing demand for their tech. But as more and more money gets invested in the space these unorthodox business arrangements are also raising flags for industry analysts who are starting to wonder: Is the trillion-dollar AI market being propped up by the industry itself?"
From the outside: sure looks like. Can’t wait to find out if I’m right or wrong.
It’s all about ‘accelerating’ forward at all costs.
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Both Jensen Huang and Sam Altman seem to believe. Here's them 2 weeks ago being interviewed https://www.youtube.com/watch?v=jVBzsg3yCK4&t=40s Also Brockman: >And so, you really want every person to be able to have their own dedicated GPU, right? So, you're talking order of 10 billion GPUs we're going to need. This deal we're talking about, it's for millions of GPUs. Like, we're still three orders of magnitude off of…
"this world where the whole economy is powered by compute" Is actually laughable.
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If this means that the fall of OpenAI will cause Oracle and Nvidia to crash and downsize, bubbles aren't completely bad.
Sure who cares if we wipe out 15% of everyone’s retirement right as long as it’s got some schadenfreude involved.