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I agree with other points here, but I also think nobody wants to wake up 2 years from now and be the only company that was not investing in machine learning. It
by thecolorblue 7y ago
I agree with other points here, but I also think nobody wants to wake up 2 years from now and be the only company that was not investing in machine learning. It could turn into nothing, or it could be 100x the time and money put in now.
So, of the 4 outcomes:
(1) buy in now + worthless
(2) buy in now + 100x
(3) don't buy in + worthless
(4) don't buy in + 100x
(4) is a terrible position to be in, (2) is a good position to be in, and (1) only costs a little, and (3) is even. So when you are deciding to buy in or don't, you are deciding between good + little loss or terrible + even.
- nikanj 7y agoSounds like a new version of Pascal’s Wager
- quickthrower2 7y agoJohn Carmack said exactly that in the FB post
- mdbug 7y agoBy that logic you should definitly buy lottery tickets.
- Jommi 7y agoYes you should, if the payoff is high enough or the odds are good enough.