You are right no one would invest in that. To be a real start-up plan, you need future projections built in. No one is going to invest in a static gold-pooping rate. If you can scale that production year over year, now you have an investable project.
I don’t know the source, so it’s hard for me to comment but logically the problem as stated is plausible. i.e. legacy debt preventing the move to more efficient methods.
However, the conclusion i.e. therefore replace humans with humanoid robots does not. And then tacking on unionization is just a different subject altogether. You can staff some aspects of a factory with robots and the human’s work shifts from production to maintenance. I’ve talked to automation people and robots can be very problematic and something “advanced” I would imagine much more so.
Although not recent, some referred to the robots as “Bob” blind one-arm builders. If very well calibrated and designed for a specific task, they can be ok, except when they go wrong. To think some “AI” driven general purpose robot is going to substantially replace human labor any time soon… I very seriously doubt that. Especially with that kook as leadership.
In my understanding, derivatives amplify the problems and risks. Underlying that are the money people who push on these systems as hard as they can and exploit every angle. Along the lines of pushing the boundaries, the practice of brokers “loaning” shares seems like another place that’s bound to cause issues at its limits. I really wish the govt would step in and impose much stricter regulation. I’d like to trust that buying stock is investing in a company rather than feeling like the stock market is a school of small fish swimming with sharks who cheat as much as they believe they can get away with. If the focus was on dividends vs growth, I think we’d be better off. Maybe I am wrong but that’s how I see it.
I think of it like network security. Anything you do not explicitly disallow will be used, tried, and used in ways you probably didn’t think of. It isn’t a matter of expecting people to do the right (or legal) thing, most will but it’s a surety that some will not. That’s normal and why security is a process and systems have to adapt over time in response.
It may do the job of a simple conveyor belt but actually, it’s a multimillion-dollar AI-powered, um, robot,
The great thing about the stock market compared to other investments like crypto is that stocks are based on the inherent value of the business they represent. Stocks are based on financial fundamentals. You can believe in those investments because they are based on something real and not simply rampant speculation. For example.
Tesla. Worth more than most of the rest of the car market combined because… reasons?
Paypal. Lost 80% of its value starting in July 2021 over a year and never recovered because of terrible problems? Huge losses? Nope, because it “only” grew at 8-9%.
2008 US housing rated as “AAA” investment i.e. “good as cash” based on actual trash.
Calling LLMs, “AI” is one of the most genius marketing moves I have ever seen. It’s also the reason for the problems you mention.
I am guessing that a lot of people are just thinking, “Well AI is just not that smart… yet! It will learn more and get smarter and then, ah ha! Skynet!” It is a fundamental misunderstanding of what LLMs are doing. It may be a partial emulation of intelligence. Like humans, it uses its prior memory and experiences (data) to guess what an answer to a new question would look like. But unlike human intelligence, it doesn’t have any idea what it is saying, actually means.
The word gimp in disability circles once upon a time meant “generally impaired.”
Firefox or Vivaldi. I prefer Vivaldi with its built-in blocking. I also use NextDNS for DNS level blocking. Free plan is good enough for my use.
I didn’t make my point clear. My question wasn’t really where the image was sourced, it was more about the value of what Google is doing matching an essentially random image next to the text it scraped from a website. Why did it choose that image? Adding a random image like that seems like what a low-grade SEO would do to tick the needed boxes not a high-quality product from a multi-billion dollar company. The image in no way enhances the meaning of what I asked. In fact, it does the opposite. It is a bit of Google becoming what it mocked.
So I tried it. And where did that image come from?
Nazi scientist probably made some advances, but that doesn’t make it a good way to go.
SEO is of itself is not all bad. Content creators need to do certain things, which do little directly for the consumer, but help the algo understand what the content is and how the owner would prefer it be seen. For example, something simple like the title attribute of a web page tells the search engine how it should label the content in the search results. That’s SEO and generaly a good thing for everyone.
As you say, the “please like, subscribe, comment and say a prayer to the algo” annoyance is just what we have to accept for free content on these platforms. It’s the cost of anyone being able to upload video to YT.
Where it goes wrong imho, is filling the world with essentially meaningless machine produced content to aid in the rankings. This isn’t new with AI btw. People have been using article “spinning” or outsourced garbage content creation for years or decades to do the same and potentially even better than what AI does. In the old days building thousands of links from garbage content to your content in order to have the algo see the links as “votes” for the supposed quality of the content. Those of us who ran forums saw this all the time.
Q: Do you believe in DEI? A: I think we should judge people based on skills.
Except for himself, I guess. He seems clueless on a number of issues and unwilling to assess his own beliefs which is not a flattering quality in my book. I didn’t think much of him before this interview and it only reinforced it. I am not sure I liked the interviewer much but he did bring up the right questions and follow-ups so I guess he did a good job.
Well, I’m not sure what you make of crypto (or what I make of it) but there was a crypto project that was intended to be a decentralized wireless network. Participants were (are?) incentivized to maintain a wireless repeater of some sort. But the premise sounded semi-plausible to me at the time. I won’t name the p[project since I don’t know how people feel about crypto, but it’s easy enough to search for if you are interested.
An internship isn’t a magic bullet that cures all ills but it does improve thing meaningfully in several ways.
To address your point, I agree with you in part but giving people a chance who otherwise would not, does build loyalty making it more likely they will stay longer (on average). You still have to be a good company to have a chance of retaining people, it isn’t just a cynical ploy to fool people into working for you. There is a middle ground between your example of 20-40 years vs 2-4 that is very meaningful because it takes a lot more time than people give credit, to get good at a job. So that >2 years time frame is very valuable.
I do think a lot of companies, but crucially not all, effectively treat even highly skilled labor as a disposable asset to leech off of. I also think an employment system that expects career advancement to require changing employers, is crazy shortsighted. Just as is degrading the public education system and putting young people into massive debt with college. The system has problems all over the place but an internship is a very practical way for a company to do better.
It is completely crazy that businesses mainly do not have strong internship/apprenticeship programs in place. It is hard to predict who is going to be good at tech (or probably most jobs) until given a chance. Some of our most brilliant have been high school dropouts. Even those with credentials and experience will do better with time to learn the company systems and culture. “We need someone who can hit the ground running…” ug, grow up.
Collectivly, we need a major commitment to building the workforce not leeching off of disposable labor.
For $20 you can buy enough stash tabs to happily play for years with nothing else. You do need more storage and the map tab is very helpful but most of the specialized tabs are not really needed. I have most of the specialized ones and I could easily live without them. So it’s a $20 game in my multi-1000 hours in-game opinion. The cosmetic microtransactions are a mixed bag but some are very cool. Compared to the money I spent on D4 which didn’t give me much in return, it is not in the same ballpark.
I would think harissa would be good here. Then again it is good in almost anything.
Thanks for your observations and I won’t argue them. The problem with a word like recession is that we’re in what I see as, the poor get poorer, the rich get richer. The middle class, what’s left of it, is mainly moving toward being poor. That said, the “smart” economy people will say “we are not in a recession and in fact the economy is good.” And it is good, very good in fact - for the privileged. Wealth inequality is the issue, at least in my view.
Nice, you are well on your way to forming a unicorn valuation start-up!