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Nvidia to buy assets from Groq for $20B cash

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Re: Nvidia to buy assets from Groq for $20B cash

#371

Post by SilverElfin »

petcat wrote: post #343
crote wrote: post #330

Earlier quoted context omitted.

Startups often pay a shitty salary in exchange for a decent chunk of stock options, with the implicit promise that you'll make bank if you work hard and make the company successful. Getting screwed out of your payout by such a totally-not-an-acquisition is wage theft. It's like promising a sales-related bonus at the beginning of the year, and then in December changing the metric to "AI-related sales to the CEO's golf…

Startup options are worthless. The only value most people will ever extract from a startup is the experience they had working there, and the salary that was put in their bank account. I understand that a lot of inexperienced people (like in this thread) think they're going to get rich though. No, it is not "wage theft" to not get rich when the company exits (by whatever means).

It is absolutely wage theft. Equity is part of the deal. Abusing some legal loophole to deprive employees of ownership and liquidity is not okay.

Re: Nvidia to buy assets from Groq for $20B cash

#373

Post by nkmnz »

jacquesm wrote: post #354
nkmnz wrote: post #286

Earlier quoted context omitted.

If you have a SOP, most of the decision logic can be encoded and strictly enforced. There is zero intelligence involved in this process, it’s just if/else. The key part is understanding the customer request and mapping it to the cases encoded in the SOP - and for that part, intelligence is absolutely required or your customers will not feel „supported“ at all, but be better off with a simple form.

As a customer when confronted with such a system I hang up and never ever do business with that company again. Regardless of polish, they're useless.

What do you mean by "such a system"? One that uses AI to funnel your natural language request into their system of SOP? Or one that uses SOPs to handle cases in general? SOP are great, they drastically reduce errors, since the total error is the square root of the sum of squares of random error and bias – while bias still occurs, the random error can and should be reduced by SOPs, whenever possible. The problem is that SOPs can be really bad: "Wait, I will speak to my manager" -> probably bad SOP. "Wait, I will get my manager so that you can speak to them" -> might be a better SOP, depending on the circumstances.

Re: Nvidia to buy assets from Groq for $20B cash

#374

Post by jacquesm »

nkmnz wrote: post #373
jacquesm wrote: post #354

Earlier quoted context omitted.

As a customer when confronted with such a system I hang up and never ever do business with that company again. Regardless of polish, they're useless.

What do you mean by "such a system"? One that uses AI to funnel your natural language request into their system of SOP? Or one that uses SOPs to handle cases in general? SOP are great, they drastically reduce errors, since the total error is the square root of the sum of squares of random error and bias – while bias still occurs, the random error can and should be reduced by SOPs, whenever possible. The problem is th…

It never works. You always just get the digital equivalent of a runaround and there simply isn't a human in the loop to take over when the AI botches it (again). So I gave up trying, this crap should not be deployed unless it works at least as good as a person. You can't force people to put up with junk implementations of otherwise good ideas in the hope that one day you'll get it right, customer service should be a service because on the other end of the line is someone with a very high probability of being already dissatisfied with your company and/or your product. For me this is not negotiable, if my time is less valuable to you, the company, than it is to actually put someone on to help then my money will go somewhere else.

Re: Nvidia to buy assets from Groq for $20B cash

#375

Post by anthem2025 »

Eridrus wrote: post #358
jbkkd wrote: post #271

Earlier quoted context omitted.

I have a friend who worked in a company that got "not acquired" in a similar deal. She didn't see a dime out of it, and was let off (together with a big chunk of people) within 6 months.

Can you say more about why mechanically she didn't get anything? If you exercise your options you have real stock in the company, so I don't see how you can get shafted here. Did investors do some sort of dividend cash out before employees were able to exercise their options? (Obviously shady, but more about investors/leadership being unethical than the deal structure). Would love to know more about how this played o…

[dead]

Re: Nvidia to buy assets from Groq for $20B cash

#376

Post by keeganpoppen »

kasey_junk wrote: post #348
sigmoid10 wrote: post #313

Earlier quoted context omitted.

As this gets more common, I think it will eventually lead to startups having a hard time attracting talent with lucrative equity compensation. It will be interesting to see how long it takes until this catches on among employees, but I already wouldn't take any positions in startups with a significant payment in equity anymore. The chances are slim that this pays out anyways, but now even when you are successful, noo…

At my last job search I didn’t consider any equity based startups seriously because of this trend. It was already such a tenuous path as it stood, but now with the norm established it seems like it’s become impossible for a rank and file employee to get paid out. I’m more curious how angel investors are being treated in these exits. If _they_ dry up the whole pipeline goes away

that is a great point. it’s one thing to occasionally rugpull employees, who are still at least paid for their services and robbed only of their EV on their options (i say “only”, though i find this increasingly common practice to be absolutely deplorable, to be clear). but how could investors possibly be happy with this becoming the new normal? will it get to the point where these sorts of faux acquisitions also involve paying out investors and only shafting employees? at that point you are only really even getting like a 20% discount over acquiring the company outright, which hardly seems worth it. which is to say that your point is very astute: the investors are definitely the linchpin here.

Re: Nvidia to buy assets from Groq for $20B cash

#377

Post by nkmnz »

jacquesm wrote: post #374
nkmnz wrote: post #373

Earlier quoted context omitted.

What do you mean by "such a system"? One that uses AI to funnel your natural language request into their system of SOP? Or one that uses SOPs to handle cases in general? SOP are great, they drastically reduce errors, since the total error is the square root of the sum of squares of random error and bias – while bias still occurs, the random error can and should be reduced by SOPs, whenever possible. The problem is th…

It never works. You always just get the digital equivalent of a runaround and there simply isn't a human in the loop to take over when the AI botches it (again). So I gave up trying, this crap should not be deployed unless it works at least as good as a person. You can't force people to put up with junk implementations of otherwise good ideas in the hope that one day you'll get it right, customer service should be a…

I'm still not sure if you're speaking of SOP in general or AI-interfaces to them. Why don't you answer that simple question before ranting on?

Re: Nvidia to buy assets from Groq for $20B cash

#378

Post by baruch »

keeganpoppen wrote: post #376
kasey_junk wrote: post #348

Earlier quoted context omitted.

At my last job search I didn’t consider any equity based startups seriously because of this trend. It was already such a tenuous path as it stood, but now with the norm established it seems like it’s become impossible for a rank and file employee to get paid out. I’m more curious how angel investors are being treated in these exits. If _they_ dry up the whole pipeline goes away

that is a great point. it’s one thing to occasionally rugpull employees, who are still at least paid for their services and robbed only of their EV on their options (i say “only”, though i find this increasingly common practice to be absolutely deplorable, to be clear). but how could investors possibly be happy with this becoming the new normal? will it get to the point where these sorts of faux acquisitions also inv…

The company still got $20B of cash(?) in its books, it can pay dividends to its shareholders (investors) and they get their payment. The company can go down the drain afterwards. If it can still make money with its remaining assets that's only a nice small bonus.

So the only ones getting shafted are the employees.

Re: Nvidia to buy assets from Groq for $20B cash

#379

Post by nutjob2 »

tormeh wrote: post #320
moogly wrote: post #288

Earlier quoted context omitted.

Destroying things and outsourcing to already-built prisons is easy. Building things is not. All they have is a demolition site. There's no final design. Trump keeps changing his vision of his mausoleum. They don't have an architect since the previous one quit. They have less than a week to submit construction plans[1], and they're clearly missing that deadline. It is of course not the end, but it's a sign of things t…

Are you sure this is how he'll be remembered? Half the US thought him preferable to AOC and Hillary Clinton. It's hard to conclude in any other way than that the perception of his legacy will be equally divided.

> Half the US thought him preferable to AOC and Hillary Clinton

What do those people have to do with anything besides being popular right-wing targets?

His approval rating is currently around 42%.

Re: Nvidia to buy assets from Groq for $20B cash

#380

Post by maroon_unperson »

pyk wrote: post #357
behnamoh wrote: post #7

I just stopped my Groq API. Sad to see competition being eaten up by shitty Nvidia. I like their products but Jensen is an absolute mfer with deceitful marketing.

As a relative laymen in this hardware inference space, I am curious what exactly was Groq useful for vs. the typical hardware architecture? Or was this a “step in before they become more generally useful” situation for Nvidia/Groq?

Much faster responses, before this deal I thought it would be Google vs Groq for the superior tech with nvidea missing out.
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