That's because you're not paying attention to the wider world. Every inference provider has been maxed out for years now. Nvidia switched from mainly selling training servers to inference servers two years ago?
People complain about the llm's hallucination, but humans making up conspiracies to shore up their own ignorance is a much worse problem
Being a farmhand is arguably one of the most goodness jobs. You are feeding everyone else with your labour... Somehow it is not very well paid or very popular job.
Could be. People are not very logical and schools don't teach math anymore.
It is somewhat complex subject. Taking in account actual use, cost of fuel and maintenance and then comparing it to purchase price and depreciation is bit of a work. And I don't think too many people do that when they should.
Great things to have on balance sheets. With inflation their value can only go up. And as they are level 6 self-driving capable as is soon they can be sold for massively more money. Really they should stock pile hundreds of thousands more.
You're completely right. I've got an idea for an investment strategy. We start a company, and issue shares. We use the money to buy Teslas, and hold them as assets. As the value goes up, the value of the company will rise. Then we issue more shares, at a higher valuation, and use the money to buy more Teslas. Infinite money glitch. I call it a Drivable Asset Treasury company.
That comparison actually sounds horrible for gold... By all accounts we should be extremely more efficient in manufacturing loafs of bread. So a same amount of gold should buy lot more bread now than 2000 years ago.
So if you really think about it. If you held gold for 2000 years. You would only reach same standard of living as 2000 years ago...
Speak for yourself. I'm O18 and I don't want him in there like you claim to. Most of his base claimed to be anti-pedo until they saw the evidence in the unredacted subset of the Epstein files that Congress legally forced him to release, and now suddenly they're pro-pedo (and pro-war and pro-bombing-schoolchildren). But you be you, and make baseless evidence-free false equivalence accusations against other people to justify the rapes and legally adjudicated sexual assault and pussy grabbing by the guy you as an "O18" claim you want in there.
I think exercises when student is given pre-generated AI output and told to identify as many issues or mistakes as possible might be sensible. Not sure how long creating such exercise would take and what should be the tools or sources to verify the output but that might be helpful excersise.
We had something like this when I was in school but it was reading a news article, or the same story covered by different people and identifying the bias or missing information.
Evaluating AI output it’s not a skill on its own. It’s just general critical thinking and literacy.
On one hand I do take some enjoyment of suckers being fleeced. But on other hand I know who this all will benefit so I really can't do that.
As whole I find that valuation just insane, but seemingly if you only offer tiny enough slice with enough hype it might bump prices to something that really make no sense at all...
The suckers being fleeced are every pension fund in the world. They're demanding the S&P includes them faster to force ETF owners to buy in before the price tanks.
For most people their talent and expertise does not involve investing. That's why pensions and 401ks exist and why S&P/nasdaq have rules to protect the public.
You may wish it were not so, you may find it inelegant and infuriating and unfair, but it is a fact that retail investors nearly all underperform the market over a long enough time horizon. Maybe you are built different but for most of us it is very rational to take the market return for “free”.
Do understand, though, that market return will struggle to achieve 9% for the coming decades. A 9% annualised return would put the US stock market at 50% of world GDP in 10 years (edit: 20) and something like 90% of world GDP in 30 years (edit: 50 years). Cost of goods, and your customer's money, both have to come out of global GDP too.
(The current value of around 25% of global GDP doesn't even include the 1.75 trillion SpaceX which alone would be another almost 1%...)
ETF expense ratios are small but still mean retail will underperform anyway. It's an unfortunate situation all around.
Yeah I am not taking a position on how the market will do in the future. Just saying that active investing will underperform passive unless you are one of the few market participants who actually has alpha.
Why are they being fleeced? If people didn't want to buy SpaceX they could buy some other ETF that doesn't include it. If there's enough of a demand I'm sure ETFs will be offered which include all the big indexed stocks except SpaceX.
Yes Americans will definitely move their 401k over this /s
Its fleecing because it basically takes everybody's money and gives it to support musk's money loser xai. SpaceX net profit 8 billion per year (previous years much less) and Xai was net losing 1.5 billion per quarter.
Unless you literally have nothing, YOU are one of the millions being fleeced. Pensions & retirement funds, any index fund that comes remotely close to technology, any equity you own in a venture in tech, any industry that via very short linkages is connected. Good luck avoiding this.
You only get "fleeced" if the stock crashes. If it's that terrible of a stock then the price will be low. As far as SpaceX goes, I think there are far riskier companies with little prospect of doing well.
They are only selling a small % of the shares in the IPO and subsequent weeks.
With a tiny float the price will almost certainly go up as a limited number of enthusiastic investors buy in. The plan is to then line up the lockup expirations so they sell into the index re-balance, a ton of new non-discretionary demand to match the new supply.
1.) All the image generation models will do that, xAI is just the one that caught flak for it
2.) SpaceX made $16B in profit last year, despite its enormous R&D costs and is on track for $20B this year, despite the losses from AI. People still wise to invest in Google despite their AI business still being a huge loss
> 1.) All the image generation models will do that, xAI is just the one that caught flak for it
Perhaps. But that's a huge undersell. "just the one that caught flak"? No. The one with nearly zero guardrails. Where users could trivially create underage porn, bestiality, etc., using prompts that you could put into any other AI and just say "does this image generation prompt seem likely to create legally problematic content?"
Not that I approve of that, but when image generation was hot and new, the insane amount of refusals I got from the major ones for apparently no reason, exacerabated by the general slowness, quotas and inherent trial and error workflow has completely soured me on them.
Cost of living and cost of goods sounds ludicrous from outside. Like rents and car payments, and insurance. And even stuff like some restaurants... Ofc, there is expensive locations outside but there is also lot more reasonable places. From outside it feels that there is something especially broken in cost wise in USA.
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