- tickerticker parentYes. They bounced millions of queries off of ChatGPT to teach/form/train their DeepSeek model. This bot-like querying was the "distillation."
- OpenAI has first mover advantage with respect to raising money but not wrt tech dominance.
Consensus theory: If AGI then superintelligence.
AI CapEx plans are not ROI based. Rather, they are the cost of "how do I remain competitive in the race to attain AGI" coupled with conveniently deep pockets. The money is being spent because the spenders can afford it and they see it as an existential risk as much as a profit opportunity.
Maybe OP's conclusion about the headline question blunts some political opposition to data centers, but that's not the salient issue.
The issue is this: America is betting a meaningful chunk of GDP that AGI is possible. This is The Manhattan Project 2.0.
- LOL. Have not seen the "nixta" word since 10 years ago when i was researching how to make grits.
- Arthur Anderson, The accounting firm, got the death penalty in the Enron debacle.
- Hope this doesn't set any kind of legal precedent.
- LOL
- The exposed portion of the berg is roughly spherical. The submerged portion must be enormous and approximately symmetrical to hold that sphere in such an upright position.
- ^Who in their right mind would reject an offer of unlimited knowledge and worldly pleasures?
The bargain had a quid pro quo...you get knowledge and pleasure in exchange for perpetual servitude to a bad guy. I wouldn't make that trade
- Not a surgical procedure. It's catheter access to the spermatic veins.
- ROFLMAO
- If taken orally, how does the saccharin distinguish between good and bad bacteria when bursting bacteria cell walls?
- Subconscious synthesis of seemingly unrelated strands of thought is the basis of assessing an event's meaning, for me. A day or two will pass after the event, and I notice the meaning evolves even without new information and without conscious thinking about the event.
For me, the subconscious is the wellspring of sudden insights.
- Level 1: a ton of money. Level 2: L1 + interesting work Level 3: L2 + intelligent co-workers Level 4: L3 + deep skills Level 5: L4 + mentor Level 6: L5 + awesome network Level 7: L6 + personal growth Level 8: L7 + meaningful contribution Level 9: L8 + work-life balance Level 10: L9 + recognized SME Timing and circumstances influence what you get....not always the same for equally talented ppl.
Making a "ton of money"....it matters because new people want to know what price is paid for exceptional comp.
- Chip War would be a good "2023" book.
- Gotta ask....do you play the banjo?
- Bc a lot of them read HN?
- Doxxing is not good faith
- He was smart enough to get into MIT. Probably not as smart as Goethe.
- In the beginning, SBF probably believed in EA. It helped him recruit the executives of AR and FTX.
As FTX experienced the unprecedented growth to fantastical scale, SBF was at the center of it. I strongly suspect he felt deified by it, felt that the market was giving him unqualified approval for his every thought and method.
Somewhere in his ascendancy, I suspect that EA became merely a vocabulary of stock responses that he used to explain his decisions and to frame his public image.
The immorality began when he chose to ignore his fiduciary duty to his depositors, and instead used their funds as if they were VC money available to fund his ideas. The immorality continued when he gave false financial statements to the AR lenders. It culminated when he tweeted "everything is fine" when the withdrawal rush began.
Was he using EA theory to justify these unethical choices? Caroline Ellison thought he was but that was because she was in thrall to his personality.
I would be immensely surprised if EA goals ever crossed his mind when he made these decisions. I suspect he was in empire building mode aiming to enter the pantheon of SV tech titans.
The WSJ had a chart of "where did the money go" showing that only a miniscule slice of the $16B was donated to philanthropic organizations. It was less than $100M.
You are correct that EA has been unmasked as a philosophy unburdened by ethics. However, my view is that SBF only used EA as a convenient label for his motives, when his goals were consolidating his power.
- "Hard for ppl to care when the numbers are too big"...... this sounds like a good defense for SBF. He needs one.
- It's the forum-to-fertilizer decay cycle.
- SVB's fail was because of radical speed in deposit inflow, which was invested in fixed rate bonds just at the moment that the Fed was on a rising rate ratchet. Because of an affluent clientele, they had unusually high % of uninsured deposits. Very unlikely that a small bank would have had the need to layoff so many deposits in such a short time span. Very unlikely that a smaller bank would have had the high % of uninsured deposits. These are the funds that jump ship immediately.
First Republic fail was because of large pool of fixed rate assets....(jumbo low-rate mortgages and Treasury Notes) in a rising rate context. They also had an affluent clientele and thus a high % of uninsured deposits. The fixed rate assets lost so much value while rates rose, that they had no tangible equity. Thus, the hot money deposits raced out of the bank.
Smaller banks typically don't have such a concentration of affluent customers, which means that more of their clientele would be under the threshold for FDIC insurance. Smaller banks probably have a good book of commercial loans which are commonly priced at a variable rate.
I am baffled that SVB and FRB did not hedge their fixed rate portfolios with interest rate swaps....Maybe their mind was on staying abreast of the white-hot tech sector instead of wringing their hands about the next Fed rate decision.
- The U.K.’s Government-Run Healthcare Service Is in Crisis, from the WSJ, 2.6.23
- Not OP, but weigh these.
Recession case: inflation depresses other spending, new home starts are decreasing, strong dollar, Chinese economy wobbly, EU economy weak, continued supply chain disruptions, PMI weaker, ad spending curtailed.
Soft landing case: Goldilocks scenario for USA employment; inflation has decreased; chip shortage over; few layoffs outside tech; airline, hospitality, defense, healthcare, energy sectors booming; China economy may strengthen with softened zero-covid policy.
- Marc Rich, fugitive financier
- SBF is so so bad. But,
When does it become criminal to skip the step of establishing an accounting system....prior employees say they didn't even know their cash, liability, or trading positions.
FTX customer deposits went into Alameda bank account. Could be that they stayed there and somebody just kept a spreadsheet of deposits?
My point is that the astounding lack of records and systems may make it very difficult to prosecute him. For example, trades and payments were executed just on verbal orders so it will be hard to pin specifics on SBF.
Probably testimony of insiders will be the most compelling evidence against him.
- My product recommendation was a tactical vest that was permanently out of stock on Amazon. Huh?
Primary theme was Defiant
- Product suggestion was........a tactical vest [?] that was permanently out of stock on Amazon ???
How does this pair with a primary theme of defiance....
TIL forms of non-admissable legal evidence [polygraph, barking dogs] which are nevertheless considered useful to a judge. This tool sounds similar.....not useless, not definitive.
- Congratulations on launch!
You are using established lab gear and existing research on metabolites, which helps establish credibility. So you have first mover advantage in that you have learned HIPPA compliance and will be first for FDA approval.
If this product was a huge success, is the thing that would make it difficult for copycats your ML-based data analysis software?
Lots of ppl have sensitive data, but, what could you say to customers that would give them cybersecurity comfort?