and who’ll supply the model and training and updates and data curation, dom? is it as manna from heaven? do you merely step upon the path and receive the divine wisdom of fresh llm updates?
fucking hell
froztbyte
joined 2 years ago
your Tech Friend is giving you bad advice, stop listening to them
this is correct as to the background of the term itself, the reason ed uses it here is because it is the term that he selected some months ago when he listed “some likely pale horses that signal the bubble popping”
I believe our esteemed poster was referencing the oft-seen cloud dynamic of “making just enough in margin” where you can tolerate a handful of big users because you have enough lower-usage subscribers in aggregate to counter the heavies. which, y’know, still requires the margin to exist in the first place
alas, hard to have margins in Setting The Money On Fire business models
oh, so you’re that kind of fygm asshole
good to know
there is, but this isn’t (the primary) it tbh
they were only “near AGI” before their most recent funding rounds closed, after that they were “a few thousand days” away
you may in fact want to understand how much the ZIRP years had a hand in this, and then to also look just how many of those that remain (of which there continue to be fewer and fewer) are having to engage in Creative Accounting to make it seem like everything is fine
maybe try to learn from the past.
despite that one episode of Leverage where they did some laundering by way of gym memberships, not every shady bullshit business that burns way more than they make can just swizzle the numbers!
(also if you spend maybe half a second thinking about it you’d realize that economies of scale only apply when you can actually have economies of scale. which they can’t. which is why they’re constantly setting more money on fire the harder they try to make their bad product seem good)
far, far, far, far, far, far, far fewer business people than you’d expect/guess are data-driven decision makers
and then there’s the whole bayfucker ceo dynamic which adds a whole bunch of extra dumb shit
it’d be funnier if it weren’t for the tunguska-like effect it’s having on human society both at present and in the coming decades to follow :|
you don’t understand how technology companies money. they’re not always working