71–80 of 171 posts
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All he’d have to do is get interest rates to rise 25bps and then poof, his competitors would evaporate.
Saying we should replicate the Russian economy then?
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> You can have a Mastercard, but now if you want to shop at Costco with credit you have to have a Visa. Or you simply shop at Costco without a credit card, and pay cash instead. :-)
And simply pay 1-2% more than everyone else using a Visa card.
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In most of Europe and several large Asian cities I visited, AMEX and Discover acceptance is far lower than Visa/MC (which charge lower fees to merchants).
AMEX/Discover is virtually unknown in most of Europe. Outside of US-defaultism, why in the world would anyone expect it to be accepted here?
Doesn't explain what regulations Visa pushed for and got which helped it maintain its monopoly. Would be helpful to have some concrete examples of what it did and what OpenAI is trying to do. The point of the article sounds plausible, but doesn't really present any evidence to support it. Also OpenAI in no way has a monopoly of the kind that Visa/MC has.
It's written by Taylor Lorenz. I wouldn't expect it to be particularly well-researched; just to have a maximally anti-tech slant.
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Saying we should replicate the Russian economy then?
I'm mocking the whole idea of this or that lobbying being done to crush a particular competitor, when tech companies are very much a Rising Tide Lifts All Boats business.
Doesn't explain what regulations Visa pushed for and got which helped it maintain its monopoly. Would be helpful to have some concrete examples of what it did and what OpenAI is trying to do. The point of the article sounds plausible, but doesn't really present any evidence to support it. Also OpenAI in no way has a monopoly of the kind that Visa/MC has.
> Also OpenAI in no way has a monopoly of the kind that Visa/MC has. I think this is misreading how literal the comparison is meant to be; Sherwood's running a bunch of "OpenAI is X" articles today. This is not about the massive duopoly which has been catastrophic for US payments, but about the way companies entrench themselves. > Doesn't explain what regulations Visa pushed for and got which helped it maintain its m…
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are you allergic to doing your own research like everyone else on hacker news? someone took the time to write a thought provoking article and all i see is critical reception.
> allergic to doing your own research like everyone else on hacker news if an article wants to make a point, then the onus in on the article author to present evidence that supports their view, not on the readers to try to find the evidence supporting the author's view
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are you allergic to doing your own research like everyone else on hacker news? someone took the time to write a thought provoking article and all i see is critical reception.
When an article provokes thoughts with assertions that OpenAI has a meaningful monopoly on AI to maintain, sometimes those thoughts are “that article is just wrong.”
>In contrast, Anthropic's Claude AI has experienced significant growth, with its website receiving over 54.4 million monthly visits. (NOTTA)
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In most of Europe and several large Asian cities I visited, AMEX and Discover acceptance is far lower than Visa/MC (which charge lower fees to merchants).
AMEX/Discover is virtually unknown in most of Europe. Outside of US-defaultism, why in the world would anyone expect it to be accepted here?