iewj

8 ms·

1. 1.▲
   by iewj 5mo ago

   What kind of ludicrous statement is this? Any monopoly with viable economics for profit with no threat of competition yields monopoly profits…
2. 2.▲
   by iewj 5mo ago

   He’s a glorified portfolio manager (questionable how good he actually is given the results vs Anthropic and how quickly they closed the valuation gap with far less money invested) + expert hype man to raise money for risky projects.
3. 3.▲
   by iewj 5mo ago

   In retrospect all those OAI announcements are gonna look so cringe. They did not need to go so hard on the hype - Anthropic hasn’t in relative terms and is generating pretty comparable revenues at present.
4. 4.▲
   by iewj 5mo ago

   Capitalism doesn’t care about that. Capitalism does eventually care about efficient allocation of money to produce capital though. Competition takes care of that; see china vs USA.
5. 5.▲
   by iewj 5mo ago

   All this stuff is proving to me one thing: we don’t need to get better at producing stuff faster. We need to get better at producing the right stuff. Right stuff meaning getting better at project selection. I guarantee a firm that is really