14,413 karma · joined November 21, 2018
In every other case you get worse predictions. Since those who are predicting have to now construct their bets such that they know they can always get run over by an insider. So in the general case it reduces the ability of the predictors to push the market in the right direction, because they always have to risk manage the fact that someone out there might run them over with insider information.
The logic was basically "AI is going to be the next thing. The winner is going to be massive, let's back the person who looks best placed to do that". To be fair, it's probably correct. The people betting on OpenAI probably have plenty of money in Google shares and almost certainly have a share of Anthropic, grok, you name it. Most of them will go to 0, but the 1 winner could pay off. I'm not sure even 1 will pay off.
Maybe point (1) was unclear at some point, but I think it's mostly clear today that's not happening. Training the model is modestly distinct from inference.
Point (2) is really funny - because sure, at some point OpenAI was the best, and then Sam Altman blew the place up and spawned a whole host of competitors who could replicate and eventually surpass OpenAI's state of the art.
It now looks like AI is a death march. You must spend billions of dollars to have the best model or you won't be able to sell inference. But even if you do, a whole host of better funded competitors are going to beat you within months so your inference charges better pay off extremely quickly. When the gap between models starts to drop, distribution becomes king and OpenAI can't compete in that field either.
Google can do that. Meta can do that. MSFT probably can do that. Amazon can do that. OpenAI cannot. They do not have the cash to do it.
It's kind of insane the advantage Apple Silicon has brought along with the brutal price competition PC sales. The only question I have is whether this touches the sides. That is to say - they sell a billion iPhones, is the consumer laptop and low end business sales enough to bump the numbers. They're thinner margins, and that market has to some extent been on a downward trend (which is why the stock market is running to data centres where the compute actually happens).
So to take the Meta example, they need something that is going to have revenue upside similar to Meta advertising revenue (one of the most profitable things in the universe), and that has better margins that the advertising business (basically impossible).So the only logical thing to do is to make grotesquely large bets on things that are extremely speculative. You can't bet on things that are well known - because nothing known has the properties from earlier that you're looking for, and you can't bet small because you've got to convince people you're the pay off is of a similar size to your existing business.
In Intel's case they lost focus on the core business and so that died and their other bets didn't matter because the core business was dead. With Meta the core business in't dead, but it's only a matter of time before it's seriously threatened and so they're going to attack that threat with everything they've got - and they have a tonne of resources.
Having said that, my settings show me all comments that are flagged. HN is apparently not capable of having a respectful conversation about this. Almost anything expressed on the actual topic has been flagged. The only thing left are comments rules lawyering to say we shouldn't discuss the topic at all.
It's kind of an indictment of the users of HN. It might be the right move to remove the article, but it becomes the right move because the users of this site can't be trusted to actually conduct a conversation about it.
I use AI every day as part of my work, it's very unclear to me where it's going and we have no idea if we're on an exponent or S-curve. Now, normally people talk with conviction because they have more data. But one of the breakthroughs of crypto was this social convention of just have very strong opinions based on nothing. A lot of that culture has come over to AI.
Your comment typifies this, it's all about I need to get on board, AI has already won, you've got an advantage over me because you realise this.
Go back, look at the actual article you're commenting on. Did the AI analysis of job exposure provide anything of value. I'm not totally convinced it did, and you didn't even think about it. What critical thinking did you do about the data that came out of this dashboard.
* The first is where there's you and your computer, and you're doing pre-AI work. You hit some hotkey and pass off some task to AI.
* The second - and where I think we should probably be going, is there's you and you interact with the an agent. You aren't handing the Q4 report off to the agent, the agent is bringing the Q4 report to you.
I think the first scenario is trying to pry agentic work into legacy workflows. It will be more powerful when we simply go straight to the second, where orchestration and interaction with your agents is the interface.
The reason women freeze their eggs in their early 30s is because they still have a good chance for it to be effective and they now have a strong idea they'll need to. You don't have that second piece of information at age 19.
Or to be specific: What is the size of the cohort of women you are expecting to freeze their eggs at the age of 19, who will use those frozen eggs. How many of them will give birth to children without the help of IVF, and how many will choose never to have children.
I think this article is a good example of rationalism. Which is basically getting very mathsy about 1 specific very of the data, without viewing the data in the context of the decision that is being made.
For example, what is the percentage of women you expect to freeze their eggs at age 19, who you then expect to be unable to afford the $500 every year to keep those eggs frozen over the next decade?
I am truly astonished someone said this. My experience with AI has been the opposite. It can knock up something reasonable given the right prompting. It can generate a lot of code. It will hit deliver whatever goal you have, but it won't do it in the simplest neatest way, it won't have context about how you way to grow the codebase in the future.
The inevitable result of this is that it produces much more complexity to do a given thing than a senior engineer will. This is a big problem, because their performance degrades as their context window fills. So you will reach a point where the AI has coded you into a corner, it has created such complexity that it can't understand what is going on without filling its context window, at which point it can't do anything and you're left with a massive stinking pile of slop that's too big for you to work on and too complex for it to unpick.
The only way of sustainably using AI to accelerate your productivity is to be the specialist who can give guidance on structure and approach so that the codebase doesn't spiral.
Synergy is a great example - what the person saying it hopes you understand is that Paramount Skydance and Warner Bros have a complimentary set of skills that when put together will be more profitable. What they actually mean is that when we merge these two companies we're going to have two sets of sales teams, two sets of marketing teams, two production teams, two sets of HR, accounts, back office etc. And so we're going to be more efficient because everyone I just mentioned is going to be fired.
So yeah of course, the intent is to trick you and the likelihood of success is (inversely) proportional to how smart you are and it turns out if you're smart you probably also do other parts of your job well.
I live in the UK, I work in London. I can go on X and look at what Elon Musk is posting about the UK and as a reasonable person I can quite reasonably say he's gone mental. The algorithm has broken that mans brain. And it's not just him, a whole slew of establishment women lost their absolute minds about the trans issue (and Graham Linehan). Mumsnet became a centre for radicalization. You know and some one who grew up on the internet at quite a sweet spot I'm very comfortable looking at that stuff and going "Oh yeah, you guys are being groomed by these algorithms and you're defenceless to it".
There's a whole load of "How do we protect the children from this", but I don't think there's actually been much a reckoning with how grown adults are getting sucked into this vortex. The algorithms on the internet clearly have some trap doors that just absolutely funnel people into crazy places.
All of which is to say: We have a serious problem that's effecting everyone not just kids, and I think we've got almost no answers for how to tackle it.
The result is this- poorly thought through sweeping laws that aren't solving the problem, and have massive negative side effects. I think Jonathon Haidt has a lot to answer for in funnelling this complex issue affecting everyone into this reactionary "won't someone think of the children!" campaign for banning technology for kids.
This is a wild thing to say. Brand age watches don't look strange. They look beautiful. Incredible thought and care and intention is put into their design. The people who buy them love them. It's so funny to me to get this far into one of PGs blogs and sort of realise "Oh right, you don't actually understand beauty". It's very hard to read this as much more than a slightly autistic man not understanding that it's ok for people to like beautiful things. It is not worth it to me to spend £100k on a watch, but I don't deny it is to other people, I'm not going to pretend the watch is undesirable.
But it does make me wonder whether Paul things that YC is successful today because it has a better design than other startup programmes, or is it successful today because of it's brand?
Plenty of companies make the same choice about their API, they provide it for a specific purpose but they have good business reasons they want you using the website. Plenty of people write webcrawlers and it's been a cat and mouse game for decades for websites to block them.
This will just be one more step in that cat and mouse game, and if the AI really gets good enough to become a complete intermediary between you and the website? The website will just shutdown. We saw it happen before with the open web. These websites aren't here for some heroic purpose, if you screw their business model they will just go out of business. You won't be able to use their website because it won't exist and the website that do exist will either (a) be made by the same guys writing your agent, and (b) be highly highly optimized to get your agent to screw you.
We're talking about an app that's controlled by the CCP, I do expect them to take a principled stance - stances like Taiwan is a part of China and you can't be openly critical of the leader of the party. They don't have the same principles as you. You can force them to put in E2EE, but you can't force them to be honest about it or competent about it. I would rather know what we're getting than to push them to lie.
This is the same thing as the OpenAI/Anthropic thing. You've got Anthropic taking a principled stance and getting pain for it, and you've got OpenAI claiming to take the same stance, but somehow agreeing to the terms of the DoW. Do you think it's more likely that Anthropic carelessly caused themselves massive trouble, or do you think OpenAI is claiming to have got the concessions that clearly won't work in practice. I think it's naive to think the former.