rhetocj23

9 ms·

121.
by rhetocj23 1y ago
It’ll be the greatest episode of sunk cost fallacy 5 years from now.
122.
by rhetocj23 1y ago
Yes. Revenue is a proxy for value created in the economy. Profit is a proxy for value created for the owners (equity shareholders). Thats it.
123.
by rhetocj23 1y ago
Im a bear of LLMs, doesnt mean I havent made money off it. I have. Intrinsic valuation and pricing are not the same thing.
124.
by rhetocj23 1y ago
Assuming chatgpt is an input to those projects - how are those projects going to see ROI given that OAIs focus now is to be profitable through its own ventures? OAI all over the place and doesnt seem to have a direct thing its focused on e
125.
by rhetocj23 1y ago
Lets assume AI has worked out. Can you point me to the effect on earnings of the customers of said AI tools who have publicly disclosed the affect on earnings because of said tools? Thanks.
126.
by rhetocj23 1y ago
And then people turn around and hand-wave that away by saying: But youre assuming that the development of LLMs stop and they wont be able to address that problem. Like Okay, it sounds like a valid point. The issue is the hand waving and the
127.
by rhetocj23 1y ago
That’s exactly how it works.
128.
by rhetocj23 1y ago
Well that’s the core idea - build an environment of hungry folks who don’t quite know how the world works and suck all that you can out of them.
129.
by rhetocj23 1y ago
Indeed. This is something that isn’t said a lot. A person who has been in an industry for 10+ years will be fine from exposure to LLM’s. Because they already built the discipline. Frankly if you’re an expert I don’t see where the value of a
130.
by rhetocj23 1y ago
Indeed. Youre one of the few posters ive seen on here that gets it.
131.
by rhetocj23 1y ago
Theres a phrase for this. Financial engineering.
132.
by rhetocj23 1y ago
Yes it’s a wealth transfer from existing amd shareholders
133.
by rhetocj23 1y ago
That’s exactly it. Their only competitive weapon is brand name right now and they are using that for all its worth
134.
by rhetocj23 1y ago
Financing made out of thin air. Hilarious
135.
by rhetocj23 1y ago
Im not sure why you got downvoted for that. Ive noticed similar shenanigans with Uber eats - they are definitely playing around with stuff to increase profitability its clear as day.
136.
by rhetocj23 1y ago
ZZZ show something or stop posting fella.
137.
by rhetocj23 1y ago
Instagram is a product of a/b testing. Go figure
138.
by rhetocj23 1y ago
Curious to know how you conducted the investigation? What was the sample size etc?
139.
by rhetocj23 1y ago
So you have nothing to show. Typical
140.
by rhetocj23 1y ago
I hate to break it to you, but this is besides the point. The marginal investor is the price setter, you, I and everyone else are just price takers in the market. If enough marginal investors decide assets are over-valued, you have no choic
141.
by rhetocj23 1y ago
Yes there is a very real trade off between labour and capital. In the past the tradeoff has been very straight forward. But this is a unique situation because it involves knowledge and not just the physicality of the human in regards to pro
142.
by rhetocj23 1y ago
Go ahead and post what youve done fella so we can critique. Why is it all these kinds of posts never come with any attachments? We are all interested to see it m8.
143.
by rhetocj23 1y ago
The UK govt is full of bozos who just dont get quite it frankly. Frankly theres no good alternative either, its a crap shoot overall.
144.
by rhetocj23 1y ago
This is a whole bunch of noise, the reality is the only thing matters is adoption. The UK has tried pushing some form of digital ID for years, and its led to nothing. The old traditional means of verifying oneself has continued to be the wa
145.
by rhetocj23 1y ago
Exactly. I really hope Altman gets whats coming for him.
146.
by rhetocj23 1y ago
None of us should be surprised. This joker has zero respect for the artistry of humans.
147.
by rhetocj23 1y ago
It may be true that OAI et al are raising money in private markets, but does that matter? Ultimately they are still just raising money. Ultimately returns need to show up. You cannot escape that. If you cannot do that nobody will eventually
148.
by rhetocj23 1y ago
Bad comparison. The leap of faith necessary in LLMs to achieve the same feat is so large its very difficult to imagine it happening. Particularly due to the well known constraints on what the technology is capable of. The whole investment t
149.
by rhetocj23 1y ago
Someone I know uses chatgpt a lot. Not because they find it incredibly valuable. But because they want to stick it to the VC's funding OAI and increase their costs with no revenue. So this is why you have to be careful about usage numb
150.
by rhetocj23 1y ago
The costs are a weak argument. The more stronger argument for why they arent going public any time soon is that OAI in particular is a corporate governance nightmare, in which the way they transmit information about their firm and financial

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