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They have an assload of cash on hand and the singularity is coming at us like a freight train. I'd think they were drunk if they weren't snatching up everythin
by kordless 13y ago
They have an assload of cash on hand and the singularity is coming at us like a freight train. I'd think they were drunk if they weren't snatching up everything relevant in sight.
- jackgavigan 13y ago> They have an assload of cash on hand... I wonder if they managed to pay for DeepMind out of funds that are "stuck" offshore (i.e. earnings from outside the US that can't be repatriated without incurring a big tax bill).
- andyjohnson0 13y agoProbably. Deepmind is a UK company based in London.
- LandoCalrissian 13y agoI never even considered that, probably very true.
- Beliavsky 13y ago"They have an assload of cash on hand" Companies with excess cash are supposed to pay dividends and/or buy back stock.
- 127001brewer 13y agoI think it's debatable based on your view of a company's purpose: is it to serve its stockholders or is it to serve its customers?
- maerF0x0 13y agoPlus, as buffet teaches, its better to reinvest the dividends. Unless the shareholders think they can do better than the management, in which case they're free to divest.