dkrich

8 ms·

31.
by dkrich 2y ago
One of the unusual trends of the past several years is that higher education has become less and less respected and people now look to private industry for the R&D that universities were designed to perform for the public good. I think
32.
by dkrich 2y ago
These tests are meaningless until You show them doing mundane tasks
33.
by dkrich 2y ago
That’s because it sparked a virtuous feedback loop at a time when it just so happens people’s credulity levels are off the charts. The creators of AI tools have a benefit in hyping it, as do software vendors as do hardware companies as do h
34.
by dkrich 2y ago
The iPhone had enormous demonstrated demand
35.
by dkrich 2y ago
Interestingly it seems like we are investing many more magnitudes of capital for smaller and smaller gains. For example, the jump in productivity from adding an operating system to a computer is orders of magnitude larger than adding an LLM
36.
by dkrich 2y ago
This seems to apply to all areas of AI in its current form and in my experience 70% may be a bit generous. AI is great at getting you started or setting up scaffolds that are common to all tasks of a similar kind. Essentially anything with
37.
by dkrich 2y ago
As someone (who likes to think) is pretty unbiased politically, I can say I’ll go wherever the people I’m interested post. I have been somewhat surprised that pretty non political accounts have moved to Bluesky which I have interpreted as b
38.
by dkrich 2y ago
I love that so many people keep saying this so confidently yet if anyone bothered to look they’d see that the correlation between the two is nearly perfect over any timeframe including the past five years
39.
by dkrich 2y ago
This may make sense in theory but in reality is wrong. The DJIA has historically had a very close correlation to the S&P. Plus there is an inescapable psychological aspect to the Dow that is unique. When the Dow is off 1500 points it hi
40.
by dkrich 2y ago
This is precisely why I’m skeptical. It assumes that that first advertiser can sell more of the same products just with better copy or more targeted placement and that more advertisers can backfill the previously used inventory that the fir
41.
by dkrich 2y ago
This is a well thought out bull case for AI paying off at Meta. I just wonder what the upper limit is on ad spend in this economy from that long tail of advertisers, especially to Meta users which seem to be mostly focused on consumer goods
42.
by dkrich 2y ago
Yes and it’s negative
43.
by dkrich 2y ago
Not with the overhead of a draftkings or fanduel
44.
by dkrich 2y ago
Casinos are a proven business and have their highs and lows but will be fine. I’m talking specifically about betting apps. The fact that casinos have barely even entered the online space tells you all you need to know about how profitable i
45.
by dkrich 2y ago
This is backwards. Casinos offer huge cross subsidization opportunities like getting people to spend lots of money in clubs and bars or gamble on games like slots that have a huge house edge while apps have near zero cross subsidization opp
46.
by dkrich 2y ago
its going to end with these companies going towards zero and then possibly being acquired by private equity
47.
by dkrich 2y ago
I actually think this will be a self correcting problem. Contrary to popular belief, running a sportsbook is a terrible business. Look at draftkings for instance. They’ve gotten gambling legalized nearly everywhere yet are still wildly unpr
48.
by dkrich 2y ago
Ben is a smart dude and I don't often find myself at odds with any of his findings. But in this case I very strongly disagree with his conclusion regarding Palantir. He seems to suggest that Palantir is a possible significant player in
49.
by dkrich 2y ago
Ha in this case that’s actually the word I meant but Reddit has basically made that an impossible word to use in its intended form
50.
by dkrich 2y ago
Probably just comes down to less friction in getting paying users in their cars since they already have the app installed and these are small roll outs. From the announcement it sounds like the streets of Austin will be covered in waymos bu
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by dkrich 2y ago
The economics of this seem highly questionable. After all how many robotaxi companies can there possibly be given the costs associated with vehicle ownership and autonomous software development? In a world where it costs nothing to create c
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by dkrich 2y ago
100% this. Dara came in and pulled all the P&L levers he could- basically closing down their own autonomous unit and buying a stake in aurora technology to allow another company to lose money and not have it show on their balance sheet.
53.
by dkrich 2y ago
This five year prediction seems odd to me. Autonomous vehicles have to navigate in a world that was designed for human driven vehicles. If you were to design an autonomous transportation system in the middle of New Mexico from scratch it wo
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by dkrich 2y ago
This has been a phenomenon of the endless liquidity train of the past 3-4 years. People doing very stupid things with money knowing more is always coming. There are certain stocks like palantir that are very obviously in bubbles where the m
55.
by dkrich 2y ago
The other main difference that I can’t get past is that the Internet and cell phone were so obviously useful to a layman that you didn’t really have to explain the value proposition. The ability to type an email for instance, and send it in
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by dkrich 2y ago
It’s valuable for use cases where the problem is “I don’t know the answer to this question and don’t know where to find it.” That’s not in and of itself a multibillion dollar business when the alternative doesn’t cost that much in the grand
57.
by dkrich 2y ago
Let’s call it for what it is- taking poorly organized existing information and making it organized and interactive. “Here are some sharepoint locations, site Maps, and wikis. Now regurgitate this info to me as if you are a friendly call cen
58.
by dkrich 2y ago
This sounds good in theory. Then you try to use these tools and they don’t really make you more productive. More like asking someone for help, them giving a half baked response, giving up and walking away. I had a conversation recently abou
59.
by dkrich 2y ago
Right now I’d say it’s 5% functionality and 95% marketing hype for companies that want investors to believe they are innovative. For the most part these companies are just incorporating chat bots and inaccurate abstraction layers into their
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by dkrich 2y ago
The most interesting thing about this is that everyone just forgot all the anger about the spying from a few years ago during the Cambridge analytica thing. Did that just go away?

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