What's up with metaverese Zuck?
Are you suggesting it has no legs?
Meta invests $14.3B in Scale AI to kick-start superintelligence lab
421–430 of 507 posts
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#422Alex Wangs x account for any one wanting to read the thoughts of a $14bn mind
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#423Earlier quoted context omitted.
"If I were rich, I'd trust other rich people"
Not what I said. I said if legal machinery were in place, I'd be willing. I would not trust someone simply because we both have significant personal assets.
Have you noticed how legal machinery seems less effective the more money you have?
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#424Earlier quoted context omitted.
What is the big risk here? He has the cash to burn and he has full control of his position. Nothing will happen to him if he wastes a few Billions. He is not some poor single mom who has to decide between fixing her car and paying for kid’s Christmas presents
If Scale never creates value, he will lose billions of his own money due to his indirect holding in Meta.
"Why, at this rate, I might have to shut this place down in.... 60,000 years."
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#425Reminds me of "Don't dig for the gold, sell the shovels". Could also be read: > Meta spends 10% of last year's revenue to acquire 49% of a top AI data company and poach their leadership, to ensure they are a key player in what could be a ~5-trillion dollar industry by 2033. Meta has a history of this. Acquiring Oculus (and leaning in on VR), Ray-Ban partnership (and leaning in on AR)... etc. These all just seem like…
Of course the actual shovels are GPUs in this case... so it makes your analogy even stranger.
In the gold-rush metaphor, the data is the cyanide and dynamite.
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#426Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#427Earlier quoted context omitted.
This is it. Maybe a few years ago at where I work, Oracle requires, as part of their licensing, the ability to scan every machine owned by the company to make sure there is no unlicensed use of any of their software. If any offending installations were found, they would charge the company the cost of the license for every machine. So, thousands of users times $thousands per license. Even if you had a license for a Ja…
OK, but that anecdote is orthogonal to your original claim. No mention of a lawsuit or actually having to pay extra fees. And "rogue installs" essentially means "using copyrighted software in a quantity that exceeds what we actually paid for", i.e. theft.
> And "rogue installs" essentially means "using copyrighted software in a quantity that exceeds what we actually paid for", i.e. theft.
No, that's not theft. It's a license violation.
Otherwise, I agree.
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#428Earlier quoted context omitted.
Not sure if this is true any more, but they used to make a majority of their revenue by suing their own customers.
I get that people hate Oracle for a variety of reasons, but this is just such a ridiculous assertion. They've been one of the largest tech companies for multiple decades. Do you honestly believe that a majority of their revenue came from legal settlements from suing their own customers, at any time in their history? Do you have a citation for this claim? I mean if the company is as absurdly litigious as you're saying…
I agree that this seems unlikely.
My original assertion was just that Meta is unlikely to be 'the most ruthless and shameless [of all the tech companies].' There's so much competition out there for that title.
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#429Earlier quoted context omitted.
I've been in the tech industry a quarter century, I've never heard this "pretty common saying" before, and most importantly I don't think it makes any sense. If anything, tech excels at disruption, where smaller competitors and new ideas are able to solve problems where "just throwing money at it" has failed.
I challenge you to name a tech unicorn who's biggest advantage wasn't the ability to hemorrhage money over a period of time that would've killed any normal business stone dead.
Instagram, Whatsapp
Re: Meta invests $14.3B in Scale AI to kick-start superintelligence lab
#430Matt Levine suggested that this was an aquihire. And the weird setup where they only buy non voting shares is to not trigger any regulatory review
> the weird setup where they only buy non voting shares is to not trigger any regulatory review Do regulators actually fall for these sort of things in the US? One would expect companies to be judged based on following the spirit of the law, rather than nitpicking and allowing wide holes like this.
Laws are comprised primarily of letters.
Spiritual laws is how you get b b kangaroo courts