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Joined 1 year ago
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Cake day: July 7th, 2023

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  • The problem is that his payout, like the rest of his fortune, is in exceedingly overvalued Tesla stock. So using that to finance Twitter means selling, and every time he sells the price takes a hard dip because Tesla investors know they’re standing on a soap bubble and they are extremely nervous about it bursting. Any sudden uptick in sales pressure is liable to cause a small avalanche of investors abandoning ship.

    The process of buying Twitter alone cut his net worth by half because of how much it cratered the Tesla stock price.





  • In order to buy out Paradox, EA would have to make an offer for their entire existing share float, which would then have to be accepted by the shareholders. This means that they would almost certainly sell their stock at over market value (because why would they accept less?).

    From their point of view, this would be a good thing. So why then would the shareholders allow this project to be cancelled if it was about to net them a huge payout, according to your theory?










  • Yeah, I try to make this point as often as I can. The notion that AI hallucinates only wrong answers really misleads people about how these programs actually work. It couches it in terms of human failings rather than really getting at the underlying flaw in the whole concept.

    LLMs are a really interesting area of research, but they never should have made it out of the lab. The fact that they did is purely because all science operates in the service of profit now. Imagine if OpenAI were able to rely on government funding instead of having to find a product to sell.