cmiles8

10 ms·

241.
by cmiles8 4mo ago
A lot of things are actually LESS expensive in stores. All that speedy delivery adds a lot to costs that are baked in. Sometimes things on Amazon are 50+% more. You have to know your prices to know what’s a good deal vs what’s a total ripof
242.
by cmiles8 4mo ago
Still use Amazon for certain items because of fast delivery but the site is a complete mess. At some point Amazon leadership failed to understand that there’s a lot more to a good customer experience than “selection size.” If I search for X
243.
by cmiles8 4mo ago
Science isn’t suffering from a lack of papers. It’s suffering from a lack of good papers. Making it easier to just pump out paper-mill publications is about the last thing science needs right now.
244.
by cmiles8 4mo ago
Well I think the problem there is called “welcome to California.”
245.
by cmiles8 4mo ago
Do we scale back AI slop for a few days or pull power back from schools? Easy, kids can suffer, give them some ice water. The AI bubble can’t pop soon enough.
246.
by cmiles8 4mo ago
It’s raising the bar for doing these searches. Essentially saying some government investigator can’t go “oh well if we had this data we might find something interesting, so let’s get the data.” The court here is saying these geofenced searc
247.
by cmiles8 4mo ago
There’s no question we’re in a massive AI bubble, the only question is how do we get out of it without wiping out the broader economy.
248.
by cmiles8 4mo ago
But Google has chat too now plus a ton more data about users OpenAI doesn’t have. There really isn’t anything OpenAI can do that Google isn’t also already doing.
249.
by cmiles8 4mo ago
The advertising angle is significantly overrated. Theres only so many ad dollars to go around and so every dollar they make they have to take from so other player like Google. With Google having decent AI search now for free OpenAI is alrea
250.
by cmiles8 4mo ago
The math doesn’t help Anthropic either but the market views these two companies very differently at the moment. Anthropic is seen as having momentum. Open AI is seen as having likely peaked. That makes a huge difference when pitching an IPO
251.
by cmiles8 4mo ago
The window has basically closed for them for the time being. The business math just isn’t there. The best option at this point is kick the can down the road and hope market sentiment improves next year. Not much signal that it will, and qui
252.
by cmiles8 4mo ago
This will only get worse as the AI bubble pops or cools and generates a ton more AI zombicorns too. It really sucks for employees as their equity stake gives reason to stick around if there’s a good exit, but as every day passes odds increa
253.
by cmiles8 4mo ago
Funny how Anthropic doesn’t like when people just steal their stuff, with that stuff made using IP they (allegedly) stole from others.
254.
by cmiles8 4mo ago
Guy who has enormous personal financial interest vested in xAI being a train wreck says xAI is a train wreck. Fascinating thought leadership.
255.
by cmiles8 4mo ago
Yes, and private credit investors are rushing for the exits but can’t get out because of withdraw limits. It’s starting to get ugly. Folks owning something they think is going to tank and they can’t sell.
256.
by cmiles8 4mo ago
That could happen, but the shareholders still get wiped out.
257.
by cmiles8 4mo ago
If that happens the AI companies will first try to negotiate with their creditors and after that likely declare bankruptcy with the creditors taking over what’s left of the assets. Shareholders will be wiped out and employees will be left w
258.
by cmiles8 4mo ago
The math doesn’t add up and the wheels are starting to come off the bus. The conversation in a lot of wealth management offices has shifted dramatically in the last few month from “how do I get in on this AI thing?” to “how do I protect my
259.
by cmiles8 4mo ago
Yes if you ignore all the reasons why they’re horribly unprofitable, they’re profitable. R&D costs are hurting profit side and while you can cut that one just becomes irrelevant overnight in this space if you do, hence the problem.
260.
by cmiles8 4mo ago
The AI labs look rather naive here. You can’t jump up and down screaming how amazing, powerful, and dangerous your new tech is and then act surprised and annoyed when the government shows up looking to regulate it. Their new argument now se
261.
by cmiles8 4mo ago
Outside the Silicon Valley echo chamber the attitude towards AI has shifted dramatically over the last few months. Folks still think the tech is cool but everyone is fed up with AI slop and all the noise and hype that’s failed to deliver. T
262.
by cmiles8 4mo ago
The problem with that calculation though is that you’re ignoring the deprecation cost of developing the models which is where much/most of the cost actually lies. Your math is saying an apartment building is profitable because rent exc
263.
by cmiles8 4mo ago
OpenAI likely missed the window to have a successful IPO. A year ago, even 6 months ago, folks would have been still hypnotized by the hype and they would have pulled it off. Today too many people see a burning ship of cash and no moat to j
264.
by cmiles8 4mo ago
The question was never do enough computers exist in Europe, but rather can Europe organize the capital and cross-company / cross-border relationships required to build a big model at scale. There the answer still looks iffy at best. Th
265.
by cmiles8 4mo ago
Well keep in mind that the “investments” were broadly buying business. We give you a bunch of money, you use that money to buy our stuff. Yes the equity has book value on the way up, but keep in mind when the bubble pops (or even just cools
266.
by cmiles8 4mo ago
Because this demonstrated that the US government has an off switch that it’s now using. Folks outside the US don’t want to build on tech that the US can just decide on a whim that they should no longer have access to. This is a slippery slo
267.
by cmiles8 4mo ago
It’s unclear what Jassy’s angle was here doing this. It’s pretty bad news for Anthropic though. They had built up some real momentum but am waking up this morning to nearly everyone I know outside the US shifting use off Anthropic. There is
268.
by cmiles8 4mo ago
AWS isn’t broadly seen as credible in AI beyond commodity compute, but they are a shareholder here. Jassy missed the boat on LLMs quite badly and the only real angle he had left was to use Amazon’s cashflow to buy stakes and buy business fo
269.
by cmiles8 4mo ago
This is the race to the bottom setup that will tank these companies in their attempts to IPO. They’re burning cash at current pricing and if a true price war breaks out the only way that ends is if either OpenAI or Anthropic blows up and go
270.
by cmiles8 4mo ago
This will likely get it banned with many/most corporate customer. They generally have zero tolerance for such things.

More ›