rchaud

20 ms·

391.
by rchaud 1y ago
If there was a nuclear apocalypse, McKinsey would still be there offering advice on how to grow crops on irradiated soil.
392.
by rchaud 1y ago
They're trying to get out in front of a market crash that everyone knows is coming, after shoving it down every CEO's throat for half a decade.
393.
by rchaud 1y ago
McKinsey 2 years ago: > The firm’s earlier research suggested that 2027 would be the first year when AI technology would be able to match the typical human’s performance in tasks that involve “natural-language understanding.” Now, McKins
394.
by rchaud 1y ago
If AI were real, companies would charge market price for it now and reduce the price as model training costs fell over time. That is how things worked in microcomputer market between the '80s and '90s as hardware prices fell and s
395.
by rchaud 1y ago
> Sad for folks outside tech. I'd think investment banks, law firms and management consultancies must be doing very well in this inflated market. They get a piece of every financing deal and consulting engagement that drives these b
396.
by rchaud 1y ago
Complete stagnation would mean that hundreds of billions earmarked for datacenter and chip production in the next few years would have to be cancelled. The promise of this future demand is what is driving the inflation of the stock market,
397.
by rchaud 1y ago
What is there to expand on? The revenues from that division are $68 billion less than expenses it has racked up.
398.
by rchaud 1y ago
I learned to cook from 360p Youtube videos in 2007 and don't see how watching preparation from a different angle would make a difference.
399.
by rchaud 1y ago
They have lost $68 billion (not spent, lost) on this project [0]. For that money they could have bought EA, owned its cash flows and still have $8 billion left over. [0] https://www.ft.com/content/df26fc4c-5488-4994-b2b
400.
by rchaud 1y ago
The NYSE was only closed for 3 business days after 9/11. Uptime is important for listed companies.
401.
by rchaud 1y ago
The Bitcoin and AI people grease the palms of the super PACs while the manufacturing and real economy people provide the votes. Win-win.
402.
by rchaud 1y ago
Vibe coded apps might do OK in the $5/mo product space (assuming people pay that instead of staying in the free tier) but will fall apart for anything even resembling B2B. Buying business tools comes with the expectation of support and
403.
by rchaud 1y ago
If OAI issued bonds, they'd be carrying all the risk. With these deals with Microsoft, Nvidia and now AMD, they're shifting some of that risk to powerful players in the "too big to let fail" category.
404.
by rchaud 1y ago
The shares haven't been issued yet, so there isn't any dilution. Equity holders could sell their holdings now and benefit, because when OAI exercises the option and gets 160m shares for peanuts, they will sell those shares ASAP to
405.
by rchaud 1y ago
I made the mistake of selecting "art" as one of my topics of interest during the account setup process and my feed is full of drawings of furries and comic book superhero nonsense.
406.
by rchaud 1y ago
OpenAI is trying to launch a hardware product with Jony Ive, an ads company, a AI slop-native version of TikTok and several other "businesses". They look well on their way to turning into a Yahoo! than a Cisco or VMWare.
407.
by rchaud 1y ago
Dotcom mania companies were not Internet providers. They tried making money on the internet, something people already saw as worth paying for.
408.
by rchaud 1y ago
they might want to switch to a Samsung phone, which has an "Easy Mode" setting for exactly this reason.
409.
by rchaud 1y ago
> In other words, my uncle Bill and my mother can and do use ChatGPT So what? DAUs don't mean anything if there isn't an ad product attached to it. Regular people aren't paying for ChatGPT, and even if they did, the price
410.
by rchaud 1y ago
Except they behave less like shrewd investors and more like bandwagon jumpers looking to buy influence or get rich quick. Crypto, Twitter, ridesharing, office sharing and now AI. None of these have been the future of business. Business look
411.
by rchaud 1y ago
> latest web features What new browser feature made in the past decade has improved the user experience?
412.
by rchaud 1y ago
There used to be a cliche about technology adoption being driven by the porn industry (DVD, HD cameras, online distribution). Now it seems that new technology development is being driven by the ads industry.
413.
by rchaud 1y ago
That doesn't hold water anymore. The AVP was a huge flop, and it's clear Apple is chasing trends now; rumor is they're working on a folding iPhone, which Samsung, Huawei, OnePlus, Pixel etc have had for half a decade.
414.
by rchaud 1y ago
First of all, investment banks are awash in capital thanks to 14 years of ZIRP and massive profitability. They don't like keeping cash on hand, so that means they dole it out into investments, some of which will flop. Second, banks are
415.
by rchaud 1y ago
Microsoft paid dividends every year in the 2000s and their share price barely ever broke $40. Most shares in large companies are owned by pension funds, mutual funds and hedge funds. Without share appreciation, the value of these funds don&
416.
by rchaud 1y ago
PIF bought the English football club Newcastle ~4 years ago, and have raised season ticket prices by 15% since then. They have capitalists at the helm who don't care about soft power. https://www.nytimes.com/athletic&#x
417.
by rchaud 1y ago
I think you'd have to go back further than 20 years. That's only 2005, and you absolutely could buy generic design assets on CDs, or get a local signage company to do it for cheap back then. If you were cheap enough, you could get
418.
by rchaud 1y ago
The TT "ban" went into effect in January, and wasn't enforced. Their data practices don't seem all that dangerous if they've been able to continue them unemcumbered for more than a year after the bill went to a vote
419.
by rchaud 1y ago
The vote to ban Tiktok (for spurious "Chinese data theft" reasons) was pretty much the only bill to have bipartisan support in the last decade. Goes to show how deeply the lobbying influence is in US politics.
420.
by rchaud 1y ago
There's also the small matter of healthcare and education costs.

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