
avery๐๐ข
58.9K posts

avery๐๐ข
@averygrrl
AI Safety Researcher, Content Moderation; former stock person






oil surges above $90 last weekly move of this magnitude was in march 2020 #CL_F




@JoelWebbon @WWUTTcom Are you for or against interracial marriage?




To illustrate this point, if you had a guaranteed real after-tax return of 5%, you should be willing to borrow as much as you can at a lower interest rate, as it would represent a risk-free arbitrage. In this scenario, even paying substantial interest would be worthwhile, since your guaranteed return exceeds your borrowing costs, ensuring a profit.

My AI investment thesis is that every AI application startup is likely to be crushed by rapid expansion of the foundational model providers. App functionality will be added to the foundational models' offerings, because the big players aren't slow incumbents (it is wrong to apply the analogy of "fast startup, slow incumbent" here), they are just big. Far more so than with any other prior new technology, there is a massive and fast-moving wave that obsoletes every new app almost as fast as it can be invented. There is almost no time to build a company and scale it. There are two ways AI application startup founders can make money: - Make a flash-in-the-pan app that generates a ton of cash and bank the cash (my estimate is that you have about 12-18 months cashflow generation) - Make a good enough app that you get acquired by one of the big players for sufficient equity The situation is highly unstable - we don't know if it's going to crash or go to the moon but both scenarios make it very unlikely that any AI application startup will independently become a generational supercompany (baseline odds are low to begin with). The best odds are finding an application niche in a highly specialized field with extremely unique and specific data barriers, ideally ones relating to real atoms (hardware or world-related) data and not software/finance.






Elon Musk dances with robots as Tesla shareholders approve $1 trillion pay packet = largest in corporate history = no salary, all performance-based stock grants. Bonkers milestones to get that pay: ๐ $8.5 trillion market capitalisation (from $1.4 now) ๐ 20 million cars delivered ๐ 1 million Robo-Taxis ๐ 1 million humanoid robots If achieved, Elon's stake would go from 15% โ 25%! Why are socialists and many others complaining about the pay package? It is their own shareholders who said YES for the pay, they can do whatever they want with with their own money. $TSLA










