A unicellular organism
Analysts at SemiAnalysis ahead of the election feared the worst…“[Hinojosa] would impose a moratorium until legislation is passed that gives communities a voice, protects household utility bills, and ends the tax incentives for data centers."
Few sentences more effectively demonstrate the disconnect between billionaire capitalists and the rest of us.
We don’t have to, the government can literally take their money if we collectively decide to. Personally, I think “no billionaires” is a pretty good policy. Once someone’s net worth hits $999M, the government takes all their income above that amount, taxes any gifts they receive at 100% of their value, takes all their capital gains, etc.
This is why he’s wrapping all his other companies into SpaceX
Definitely, the cost of doing business for these AI companies is orders of magnitude higher than Uber or Lyft
The loss, up from $13 billion a year earlier, was driven by $72 billion in accounting charges tied to changes in the value of financial instruments Anthropic issued to raise money
This right here is how all of this will come crashing down. Anthropic and OpenAI, along with several associated companies, are using accounting tricks to hide their debts and obligations. These two are trying to maintain hype for investors so they can cash in on an IPO with total disregard for long-term fiscal sustainability. At some point the bill will come due, and you can bet the C-Suite will have already made out like bandits.
I’ve just discovered this interesting concept called “reading the article”
What dark magic is this
When the person in front of me has turned right, and I have full clearance to proceed, my CX-5 sometimes still thinks that car is in my travel path and applies the automatic brakes. Based on my experience, this feature is much more likely to get me rear-ended than it is to stop me from hitting someone.
Sure, but Google’s just doing it because it’s profitable, not because they’re hell-bent on annihilating an ethnicity /s
Here’s the actual study if anyone cares to read it.
Skimming it, a couple things I noticed: This was a study of over 7,000 people across all departments at a large healthcare system. They found on-site workers skewed younger with shorter tenure and remote workers skewed older with longer tenure.
One potential pitfall: They didn’t control in any way for department or role, and so floor nurses and housekeeping staff who must work fully on-site are being compared to tenured nurses working utilization review or revenue cycle staff whose job is billing/coding and who don’t have to interact with anyone in their roles. In-person and remote jobs in healthcare tend to be very different jobs. I don’t know how well this study could be generalized to other types of job settings based on this info
That single example happened when Obama was president. Got anything more recent?
Microsoft AI Explorer One
This video on how much of the debt these companies hold is hidden from their balance sheets is chilling. According to this, Meta “officially” owes $151B, but in reality has debt obligations closer to $572B.
That’s over 40% of Meta’s entire market capitalization, and they’re rapidly adding to that debt. Meta’s existing properties are losing users, and there’s just no fucking way they’ll be able to pay back this debt in the long term, because they have zero hope of deriving income from all this data center investment. At some point, BlackRock and the other private equity firms Meta owes money to are going to come looking for blood
It’s easy to dismiss these efforts as hilariously misguided but they’re not. They’re extremely calculated and he only needs it to pay off once to make everything worth it
Fortunately there seems to be a limit as far as what people are willing to tolerate. While I agree these moves are extremely calculated, they’re being calculated by people who are almost completely disconnected from reality and whose egos cloud their judgment at every turn
Public schools aren’t “cheap,” they lack the funding to either implement a ratio like this or to pay enough to recruit and retain talented staff
One on one isn’t even necessary, look at the Montessori curriculum, two competent Montessori guides can manage a classroom of 30 kids with each kid working at their own pace (within guardrails, of course). The structure of public education in the US is a problem in addition to chronic underfunding
It’s totally different though. Sports betting is an all or nothing affair, you put money on an outcome, you either win or lose, then it’s over.
Day trading (and now vibe trading/meme stocks) may be similar, however investing in a company with good fundamentals long-term carries significantly less risk.
Many companies offer dividends, so you can make money even without the stock price itself increasing. And in holding a diversified portfolio of quality stocks long-term, meaning you ignore market fluctuations, the risk of losing everything is basically zero, and the likelihood of your portfolio increasing in value approaches 100%
I gotta disagree that the stock market is inherently gambling. If an investor does their due diligence, looks at the fundamentals of a company, and makes an informed decision to invest, they are very likely to see some sort of return on that investment.
Unfortunately, we’re deep into “vibe investing” territory now, where stats like P/E ratios no longer seem to matter to either institutional investors or many casual investors. Where people are dumping their money is now disconnected from where it’s wise to dump money
Mackenzie Scott co-founded Amazon with Jeff Bezos and earned every penny she got in that divorce