cmiles8

15 ms·

301.
by cmiles8 5mo ago
Correct. There are challenges getting enough energy to new data center builds but the cost of the energy is low relative to other costs.
302.
by cmiles8 5mo ago
Dropbox was always a feature in search of a product. It’s stable and profitable (which is more than can be said of most tech companies these days), but the stock is basically flat since it’s IPO a decade ago.
303.
by cmiles8 5mo ago
“ the price increase on paper means is that I pay more property tax” In almost all jurisdictions that’s not how property tax works. You’d only pay proportionally more if your home went up more in value than your neighbors. Also, property ta
304.
by cmiles8 5mo ago
Over short term windows it’s very possible for renting to make more sense. Over the long term it’s very difficult for renting to come out ahead. If you’re talking about the same town over say 20 years then the chances of renting coming out
305.
by cmiles8 5mo ago
It’s mostly manufactured hype to keep the AI bubble going. Nearly all the tech layoffs are simply companies trimming fat that was there the whole time. Outside the tech bubble folks have increasing disdain towards AI and can smell AI genera
306.
by cmiles8 5mo ago
AWS has lost its way. It’s well into the IBM phase now. Primarily providing important but boring commodity infrastructure, but the top talent that can drive real innovation has long since left the building. It’s race to stay relevant in AI
307.
by cmiles8 5mo ago
Somewhat ironically many of those most vocal about supporting all this are immigrants. Those that jumped through all the hoops above bar, paid their dues in a messed up system where they bit their upper lip and got through it, and have been
308.
by cmiles8 5mo ago
To successfully process a PERM a company needs to make the argument that they’ve tried and literally can’t find anyone else in the US to do the job. Thats obviously a very high bar, but for many years it was on open secret that companies mo
309.
by cmiles8 5mo ago
Perhaps. But given the volume of abuse that appears to be out there the tactic is more turn it all off then selectively back on where appropriate. Thats obviously extreme but given the abuse in the status quo it’s hard to defend what was go
310.
by cmiles8 5mo ago
This is a bit extreme. On the other end of the spectrum the existing system is heavily abused and hard to defend. For example many if not most PERM applications in tech are a complete sham. Putting tiny job adverts burred deep in a newspape
311.
by cmiles8 5mo ago
Simply reality is very few companies are cutting because of AI. They’re just trimming bloat that’s been there the whole time. The AI narrative is broadly just PR spin and CEOs trying to look cool.
312.
by cmiles8 5mo ago
True, but that’s tiny relative to these companies going public themselves. Totally different ballgames
313.
by cmiles8 5mo ago
1.1% is about 15% of the typical returns for a year in the S&P500, from a single stock. Folks and funds invest here for diversity precisely to limit such impacts. It’s a big risk and that’s why there’s a big fuss right now to keep these
314.
by cmiles8 5mo ago
Yes FOMO and cash looking for a home did help drive up valuations to irrational levels. Public markets are a different animal all together. There are some concerned there won’t be enough willing to invest. That is a real risk given people s
315.
by cmiles8 5mo ago
? No. These companies are not publicly traded yet so they are not in these indices. Funds are fighting to keep them out so they’re not required to buy stocks they think will tank.
316.
by cmiles8 5mo ago
It’s going to be an interesting period ahead. The market is going to struggle to absorb SpaceX, OpenAI, Anthropic and others. They’re just massive relative to typical IPOs. Maybe one can sneak through but not all. Someone is going to have t
317.
by cmiles8 5mo ago
Correct… Amazon only migrated most of its things to AWS much later and even now some bits are kept separate. AWS was inspired by certain engineering concepts developed inside Amazon but was launched largely as a greenfield new thing. Amazon
318.
by cmiles8 5mo ago
Amazon in a logistics and infrastructure company. It tries to be a lot more than that but isn’t very competitive outside the core skills. Logistics = Getting stuff to your door super fast… Amazing, nobody is better. Other stuff = An app and
319.
by cmiles8 5mo ago
The technical term is “enshitification.” Gradually making a product worse to squeeze out more profit.
320.
by cmiles8 5mo ago
The “vomit” flavor in Hershey’s base chocolate (which is quite strong for those with good pallets) is butyric acid which comes from aggressive processing of the milk before it’s put in the chocolate. There’s also very little actual chocolat
321.
by cmiles8 5mo ago
Yes, it’s a product of the typical game of gradually swapping out expensive ingredients for less expensive ones and hoping folks don’t notice the gradual change. Over time the product ends up being nothing like what it once was.
322.
by cmiles8 5mo ago
>>“… wonders why people aren't more annoyed with AI companies “ Outside a small bubble within Silicon Valley and the finance ecosystem funding it, I’d say most folks are increasingly fed up with AI. It’s a very noticeable shift t
323.
by cmiles8 5mo ago
They would get a lot more ROI by just investing in making products that don’t taste like shit. Note that some of their products have been enshitified so much that they can’t even legally be called chocolate in some jurisdictions. It’s cheap
324.
by cmiles8 5mo ago
That’s exactly what’s happening. Problem is though that nobody is really buying that narrative anymore.
325.
by cmiles8 5mo ago
Relative to the number of people they employ, yes they were underperforming. Most did rampant over-hiring during the pandemic and are simply correcting for that now.
326.
by cmiles8 5mo ago
This is very true and has been for a while. AI is just giving CEOs an excuse to just trim that fat. Even after layoffs most of big tech could cut 50% of its workforce tomorrow and see minimal impact long term. Thats driving a lot of the pre
327.
by cmiles8 5mo ago
There’s very little evidence of AI replacing jobs en mass. There a ton of evidence that underperforming companies are trimming fat, with CEOs citing AI impacts rather than their own bad decisions that led to the fat that needed trimming.
328.
by cmiles8 5mo ago
Yes Zuckerberg will be fine. The employees caught up in his misadventures, maybe not so much.
329.
by cmiles8 5mo ago
Meta isn’t going away anytime soon, but it’s on a slow and gradual decline into irrelevance. Ironically Zuckerberg has now broadly become the has-been geriatric business type he raged against so hard when Facebook began. Companies in this s
330.
by cmiles8 5mo ago
It’s not surprising given Amazon’s pretty lackluster position in AI beyond providing raw compute, which itself is basically a commodity at this point. Have heard very similar stories to what the article describes. There were also outright r

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