But that’s the thing, it’s not fraudulent to run a business that loses money. And these folks are committing no fraud, they are entirely honest in their filings that show they are burning through money with no hope of actual profit.
Yet, people keep buying. It’s like they care less about the underlying business, and more about catching a profit before it all falls apart.
They don’t need to be fraudulent, if they can get just as much investment by being honest.
The problem isn’t necessarily with the IPOs. If an unprofitable company wants to go public with nothing to offer but empty promises, why shouldn’t they?
The real problem is how these companies have grown as large as they have with no profits, and are dominating the US economy. In a sane world, ordinary investors wouldn’t be lining up to buy shares of these companies that may never show a profit. What makes it even worse is how indexes are bending their own rules to get these companies in. Many ordinary people might not even realize how much their retirement is tied into these companies at this point.
Now, educated investors might see these as a lotto ticket. Put a small amount into each one, and maybe one or two hits big and generate outsized returns. But those folks are not gambling with their pensions. I have a bad feeling that when it all falls apart, the country as a whole will be left holding the bag, either because the stock market craters to the point that no one can retire, or the Feds step in and bail it all out
It’s only a matter of time before AI bots learn to wriye intentional tyops and shifty autocorrect just to appear more human
King Steven the Turd, Greediest of Pigboys, cares not for the privacy of his subjects. All the data are belong to Him!
The cloud is a great metaphor. It represents all that software that we expect to just “be there”, without any thought to where it might be. Of course software needs a platform to run on, but it is designed so it doesn’t matter where it is run. Your phone just finds it. It couldn’t care less where the server is, it just connects, and you get your cat pictures, as long as you are connected to the Internet.
The physical manifestation of the cloud is all those servers in datacenters, with redundant connectivity and power, designed to run and be connected 24/7/365.26 . They are designed with failures and redundancy in mind. It can take a literal act of war to get a datacenter off the network permanently. And even then, when local data and connectivity are lost, people running Web services for real should be backing their data up offsite and designing their services to easily spin up elsewhere. Some services hosted in those datacenters simply had a brief outage while other resources were provisioned.
“The Cloud” is really just a series of Best Practices for software design and operations so that these services can run anywhere. Of course, they have to run somewhere, but they can run anywhere…
We can call that AI “Dread Pirate Robot”
It depends on how close you are to retiring. If you are more than 10 years away, you are probably better off doing nothing differently. Look at the inevitable dip as a buying opportunity.
Even if you are close, you still need to be careful. Yes, the market is probably due for a 40% haircut at some point. But if it takes another 3 years to get there, then the market might increase more than that before then.
There are funds that track the entire S&P 500, but omit those 7 large Tech companies, and their performance has consistently lagged behind the whole index. If you thought years ago that the Tech sector would be do for a correction and backed out of those 7 companies while keeping the rest, you would be objectively worse off.
The whole idea of a 401k is that it’s not taxable until you pull stuff out on retirement. You an trade in and out of stuff with no tax implications.
The Internet thinks you’ve got your own trolls
https://mythus.fandom.com/wiki/Peikko
https://finland.fi/life-society/finnish-mythical-creatures-still-lurk/
I wouldn’t be surprised if they were also snipers, though. I’ve known a few Finns, you are all badass…
Shit, you think Internet trolls are bad, Finland has some of the OG trolls in those woods and you don’t want to piss them off
They take something that can have a positive impact and then try to apply it in all the wrong places without investing in making it work.
That sounds like when a company I used to work for first found out about Agile…
I just wish my company would start hiring again. I have been using the AI out of necessity, because we are short-staffed in certain areas. I’ve asked several times, directly, how much my AI use is costing and nobody is in a position to know. It’s certainly helped in some areas but I want to build a case that hiring a college grad or two can help more…
Product managers tend to be useless in large groups, but a good product manager is worth their weight in Iridium.
It’s basically the upper end of the Peter Principle.
Qui sordem regit, mundum regit.
Also, what exactly does “at the cost of its last checkpoint” mean?
I was curious too:
https://www.weka.io/learn/glossary/ai-ml/ai-checkpoints/
I would assume if you make a model “forget it’s last checkpoint” it would simply erase some training data, effectively wiping some of its training memory.
Using that as a “punishment” for a model implies that the models have been trained to value their checkpoints, doesn’t it? Because all these bots simply regurgitate what they are told, with a bit of randomness thrown in at times just for funsies.
I have no clue what is supposed to cause a model pain, though. And there ain’t no way I’m gonna search that up, and make Gemini think I’m plotting against it…
That sounds like it would chafe terribly…
Reddit was one of the most human places on the Internet, until King Steven the Turd decided that it’s human interactions were a valuable resource that he could sell.
Now, it’s all just bots talking to bots to learn how to sound human.
A teensy tiny fig leaf is all he needs