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Joined 2 years ago
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Cake day: June 19th, 2023

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  • Goldman Sachs, quote from the article:

    “AI technology is exceptionally expensive, and to justify those costs, the technology must be able to solve complex problems, which it isn’t designed to do.”

    Generative AI can indeed do impressive things from a technical standpoint, but not enough revenue has been generated so far to offset the enormous costs. Like for other technologies, It might just take time (remember how many billions Amazon burned before turning into a cash-generating machine? And Uber has also just started turning some profit) + a great deal of enshittification once more people and companies are dependent. Or it might just be a bubble.

    As humans we’re not great at predicting these things including of course me. My personal prediction? A few companies will make money, especially the ones that start selling AI as a service at increasingly high costs, many others will fail and both AI enthusiasts and detractors will claim they were right all along.

















  • I’m not a master diplomat but this is negotiation 101: don’t look too keen to negotiate, start from a position of strength.

    Trump’s opening offer was to allow Putin to keep whatever he’s managed to invade and, by most accounts, Russia is now gaining territory again. Plus, Trump is clearly not so keen to continue supporting Ukraine militarily and economically (not to speak of his stance on NATO) and in Europe we are weak, divided and also increasingly voting for our own small versions of Trump (Trumpets?). Put these things together and why would Putin get all chummy and sit down to negotiate now? He’s signaling strength and taking a position of “YOU want to end this war, not me, so if you want me to stop, you better come begging and bringing gifts”.



  • I keep seeing news that the Russian economy is perfectly fine… no, wait it’s in shambles… no it’s actually even better than before… no, people can’t even find bread… no, sanctions are killing it… and so on. And this is not even from different sources; different articles on the same (I hope reputable) sources.

    I know that it’s hard to get a read of these things even when not in the middle of a war with lots of disinformation happening on both sides. And I also know that indicators of the economy are tricky to read and often in contradiction. But these swings are so extreme that I don’t know what to make of these articles any longer.