From Statista:
-
Econ / Finance
Housing Bubble
- Another F@CKED Borrower
- Baltimore Metro Area Housing Blog
- Bubble Meter
- BubbleTrack
- DC Housing Bubble Blues
- House Bubble
- Housing Panic
- HousingTracker
- Jersey Shore Bubble Blog
- Marin Real Estate Bubble
- Northern New Jersey Real Estate Bubble
- Paper Money
- patrick.net
- Professor Piggington
- Sacramento Landing
- Seattle Bubble
- The Housing Bubble
- Vancouver Housing Market Blog
New Jersey
Real Estate
Real Estate News
Tools
Archives
- November 2024 (9)
- October 2024 (18)
- September 2024 (16)
- August 2024 (20)
- July 2024 (16)
- June 2024 (23)
- May 2024 (25)
- April 2024 (18)
- March 2024 (27)
- February 2024 (25)
- January 2024 (26)
- December 2023 (20)
- November 2023 (20)
- October 2023 (24)
- September 2023 (24)
- August 2023 (21)
- July 2023 (17)
- June 2023 (23)
- May 2023 (17)
- April 2023 (19)
- March 2023 (24)
- February 2023 (19)
- January 2023 (21)
- December 2022 (20)
- November 2022 (20)
- October 2022 (21)
- September 2022 (21)
- August 2022 (18)
- July 2022 (19)
- June 2022 (15)
- May 2022 (14)
- April 2022 (14)
- March 2022 (19)
- February 2022 (18)
- January 2022 (17)
- December 2021 (18)
- November 2021 (17)
- October 2021 (12)
- September 2021 (14)
- August 2021 (13)
- July 2021 (14)
- June 2021 (13)
- May 2021 (12)
- April 2021 (10)
- March 2021 (9)
- February 2021 (10)
- January 2021 (12)
- December 2020 (12)
- November 2020 (11)
- October 2020 (10)
- September 2020 (12)
- August 2020 (11)
- July 2020 (10)
- June 2020 (12)
- May 2020 (13)
- April 2020 (12)
- March 2020 (5)
- January 2020 (6)
- December 2019 (8)
- November 2019 (10)
- October 2019 (16)
- September 2019 (12)
- August 2019 (14)
- July 2019 (12)
- June 2019 (16)
- May 2019 (16)
- April 2019 (17)
- March 2019 (19)
- February 2019 (15)
- January 2019 (18)
- December 2018 (16)
- November 2018 (14)
- October 2018 (18)
- September 2018 (17)
- August 2018 (25)
- July 2018 (24)
- June 2018 (20)
- May 2018 (20)
- April 2018 (19)
- March 2018 (26)
- February 2018 (18)
- January 2018 (22)
- December 2017 (21)
- November 2017 (24)
- October 2017 (21)
- September 2017 (20)
- August 2017 (20)
- July 2017 (20)
- June 2017 (23)
- May 2017 (19)
- April 2017 (17)
- March 2017 (17)
- February 2017 (18)
- January 2017 (19)
- December 2016 (24)
- November 2016 (23)
- October 2016 (24)
- September 2016 (18)
- August 2016 (25)
- July 2016 (24)
- June 2016 (24)
- May 2016 (19)
- April 2016 (21)
- March 2016 (27)
- February 2016 (24)
- January 2016 (25)
- December 2015 (26)
- November 2015 (23)
- October 2015 (26)
- September 2015 (24)
- August 2015 (29)
- July 2015 (27)
- June 2015 (26)
- May 2015 (23)
- April 2015 (26)
- March 2015 (27)
- February 2015 (24)
- January 2015 (25)
- December 2014 (26)
- November 2014 (24)
- October 2014 (25)
- September 2014 (24)
- August 2014 (26)
- July 2014 (25)
- June 2014 (24)
- May 2014 (24)
- April 2014 (21)
- March 2014 (23)
- February 2014 (23)
- January 2014 (24)
- December 2013 (23)
- November 2013 (24)
- October 2013 (21)
- September 2013 (22)
- August 2013 (26)
- July 2013 (25)
- June 2013 (23)
- May 2013 (26)
- April 2013 (25)
- March 2013 (24)
- February 2013 (25)
- January 2013 (25)
- December 2012 (24)
- November 2012 (22)
- October 2012 (23)
- September 2012 (25)
- August 2012 (23)
- July 2012 (25)
- June 2012 (24)
- May 2012 (23)
- April 2012 (26)
- March 2012 (25)
- February 2012 (23)
- January 2012 (23)
- December 2011 (22)
- November 2011 (22)
- October 2011 (25)
- September 2011 (23)
- August 2011 (26)
- July 2011 (24)
- June 2011 (24)
- May 2011 (24)
- April 2011 (25)
- March 2011 (26)
- February 2011 (22)
- January 2011 (26)
- December 2010 (23)
- November 2010 (26)
- October 2010 (26)
- September 2010 (24)
- August 2010 (30)
- July 2010 (24)
- June 2010 (25)
- May 2010 (22)
- April 2010 (23)
- March 2010 (24)
- February 2010 (23)
- January 2010 (30)
- December 2009 (28)
- November 2009 (29)
- October 2009 (28)
- September 2009 (28)
- August 2009 (21)
- July 2009 (28)
- June 2009 (26)
- May 2009 (21)
- April 2009 (31)
- March 2009 (34)
- February 2009 (31)
- January 2009 (35)
- December 2008 (26)
- November 2008 (22)
- October 2008 (19)
- September 2008 (21)
- August 2008 (23)
- July 2008 (23)
- June 2008 (34)
- May 2008 (37)
- April 2008 (45)
- March 2008 (62)
- February 2008 (57)
- January 2008 (71)
- December 2007 (56)
- November 2007 (59)
- October 2007 (70)
- September 2007 (63)
- August 2007 (80)
- July 2007 (89)
- June 2007 (81)
- May 2007 (98)
- April 2007 (106)
- March 2007 (92)
- February 2007 (93)
- January 2007 (96)
- December 2006 (104)
- November 2006 (128)
- October 2006 (143)
- September 2006 (195)
- August 2006 (118)
- July 2006 (123)
- June 2006 (111)
- May 2006 (95)
- April 2006 (98)
- March 2006 (65)
- February 2006 (47)
- January 2006 (69)
- December 2005 (35)
- November 2005 (67)
- October 2005 (45)
- September 2005 (6)
1st
How is government adding to the GDP of NJ? Besides overweight guys with prostate problems, what or how is NJ Government adding to GDP. They’re fueled by tax dollars… they’re quintessential cost centers. So, what do they ‘make’ that’s considered ‘product’?
OpenAI is dead as of this morning. This will go down as one of the dumbest board decisions in history. Not only is Shear the second interim CEO appointed over the weekend, he’s a doomer. Along with Ilya and the rest of the board, they can all sit around accomplishing nothing while mulling over how many ways AI will destroy the world. OpenAI transitions back to being a non-profit research institution. Suspect Microsoft pulls the funding, or, they force OpenAI to divest itself of its commercial division. Maybe they don’t even need to do that, as DOZENS of top researchers have already quit, and they’ll easily go with Altman and Brockman. What the hell does the ex-founder of Twitch (who stepped in shit after the idiotic Justin.TV experiment) have to do with AI innovation anyway?
The fact that Satya was able to convince Altman and Brockman to join is surprising to me, those two could have written their own ticket, and over the course of even just this holiday week, they could have stood up a multi-billion dollar valued AI firm, secured funding, and lured over the best of the best. So, why did they choose Microsoft? No question, Satya had to do this to save face, save market cap, save credibility. Did they make an offer so big, they couldn’t say no? Or, is this as simple as Sam wanting quick vindication?
OpenAI board is the kids table at Thanksgiving dinner. Satya’s carving the bird at the head of the big table with Sama and Brockman at his sides.
A nonprofit 501(c)(3) that did not flip to a commercial IPO fast enough?
Board perhaps did or did not want to fast track this before the bubble burst? It may have also run into political headwinds as the IRS portion of flipping from a nonprofit to a business this take a long time.
There is also a dark underbelly of Silicon Valley here, you can read about on twitter and guess whether it’s true or not. No idea as many of these people are just plain crazy.
Grim – Elon is thinking the same thing. Satya has made massive commitments to AI as we all now know the cost for the compute is almost unimaginable. I do see some other players taking more cautions approach.
Sataya has committed $50 Billion next year for Compute..
https://twitter.com/elonmusk/status/1726408333781774393/photo/1
JB
That should end well for our children.
If you think TikTok is bad….
Poor Bill Burr.
His wife stuck his career in the side with a knife. He is bleeding out.
Many telling him to get her on a leash.
https://www.youtube.com/watch?v=qgEiwIhqc-c
https://twitter.com/billburr/status/1726428223901475188
Eddie,
The two broads from Australia, right up your alley. I had to laugh with just the headline alone.😂😂
https://www.youtube.com/watch?v=qgEiwIhqc-c
OpenAi—human nature is a biatch. All fighting over the holy grail.
I’m creating a platform called II (pronounced eye eye). It responds only with pirate lingo.
What is interesting about OpenAI latest debacle is a great many software companies besides Microsoft have already invested $$$$$ in their OSS platform. One software tool vendor I am currently working with to roll out their plugins and agents and process into CI?CD pipelines pulled in all of their data into ChatGPT to create their plugin recommendation engines and chatbots etc. Pretrained their transformer engine with decades of research, and now what? Move it and where?
A great lift and shift event? More startup to sell services?
There is also the switch from open source to “source-available” licensing further eroding free software?
GNU system groundwork for Linux, Apache and the freedom to modify and distribute code is again in danger all in the name of untold profits.
That should end well for our children.
For some it will, for some I won’t.
I’d rather be living in the nation that discovers AGI first, vs. another that decides it’s too risky, and doesn’t. (There will be winners).
I’d teach my kids to understand, harness, and leverage it. The winners aren’t the folks who invent the technology, the winners are those who understand it enough to use it more effectively.
Going back years ago.
We taught kids to type
We taught them the Apple II, and how to get a turtle to draw
We taught them to use the internet
We taught them to google and use wikipedia
We’re going to teach them to use AI. My sister is already doing it with her kids in Newark votech, ChatGPT in regular rotation.
All developers I know are testing AI to write code. It’s currently sold as recommendation engine but very impressive, and it’s always learning as people contribute more of their code to the AI.
Pretty soon or How soon? It’s not just low coding, no coding, it’s no developer needed to create a set of instructions for computers to follow.
There is a lawsuit over it, one of many coming.
“I’m creating a platform called II (pronounced eye eye). It responds only with pirate lingo.”
Will you code it in Arrrr?
The legal system will never be able to keep up with AI and the problems it’s about to cause.
Our politicians who write the laws still can’t fix the blinking VCR they are still using.
It’s gonna be the wild wild west.
Party on.
GNU will always have a place, remember when Sun tried to close the door on Java. I think we move to the RedHAT model, where the code still available, but you are paying for the enterprise support. In this case the money will be in access to the base model.
I think Google will be a winner out of this. This will buy them some time to catch up.
Speaking of using technology effectively. I just learned that Copilot, which MSFT rolled out as generally available in november of this year, is really available for enterprise customers with > 300 licenses ?? There’s a lot of angry people
Meanwhile, I bought a Dell 9315 from Marketplace. The guy selling it says he fixes like new corporate machines that are not blacklisted. This one was a screen replacement. When I was setting up windows it asked how I’ll be using and one of the drop downs were weapons of mass destruction, missle tech, biochem, etc… so I guess I’ve some sort of government license of WIN11. At any rate, it comes with Coplilot and generative AI including free image credits via copilot…
I assumed everyone could get this on win 11 but not only is it $30 a month, but now I learn only large enterprises have access to it. Looks like the laptop will have paid for itself in a year and change. Now if I could learn to use CoPilot better (or at all)…
BTW super impressed with Dell’s XPS 9315 talk about a well designed and redesigned product. Did not want the 9320 as I wanted a quiet fanless experience and was OK with the lower voltage chip for my pedestrian use case.
Will you code it in Arrrr?
Very good. lol.
“I’m creating a platform called II (pronounced eye eye). It responds only with pirate lingo.”
Will you code it in Arrrr?
Pissed myself, this was so well played.
I think Google will be a winner out of this. This will buy them some time to catch up
This is a strong possibility, I don’t disagree at all. Not only does it buy them time, it gives them an opportunity to hire talent from OpenAI, which would have been highly unlikely otherwise.
“I’m creating a platform called II (pronounced eye eye). It responds only with pirate lingo.”
Eh. Too many patches for my liking.
The current co-pilot enterprise limits have to do with scaling and getting broader enterprise adoption. It will bleed down to Home/Office eventually, and most likely, will only be part of a higher-priced monthly subscription option.
Suspect you’ll see them start offering it as a substantial discount for academic licenses, as another angle to help ensure broader adoption.
The version of co-pilot ‘integrated’ into windows is a glorified version of bing chat, it’s not nearly as powerful as the office 365 integrated co-pilot.
Microsoft has created a mess with the co-pilot naming, there are at least 4 different co-pilot platforms in their ecosystem alone.
Github Copilot, O365 Co-Pilot, Windows Co-Pilot (Bing Chat), Dynamics Co-Pilot
So if you walk around carrying a gun that is missing pieces and has no ammunition it’s not a crime?
I took a big one this morning that smells better.
America’s justice system is downright corrupt.
A Brooklyn councilwoman who was arrested last month after carrying a pistol to a pro-Palestinian rally at Brooklyn College has had charges dismissed against her after it was found that the weapon was unloaded and inoperable.
The affair began on Oct. 12, five days after the Hamas terrorist attack on Israel. The councilwoman, Inna Vernikov, a conservative Republican, attended the demonstration as a counterprotester and live-streamed her criticism.
She suggested that those at the rally were supporters of Hamas who were “nothing short of terrorists without the bombs” and images soon circulated on social media showing Ms. Vernikov carrying a gun whose butt jutted from her waistband.
While Ms. Vernikov had a permit for the weapon — a Smith & Wesson 9-millimeter pistol — she soon turned herself and the gun in and was charged with criminal possession of a firearm, police officials said at the time.
In New York State, openly carrying a firearm is not allowed, and a law passed last year expressly forbids carrying weapons in so-called sensitive locations, a lengthy list that includes “gatherings of people to collectively express their constitutional rights to assemble or protest.”
In a statement on Friday, prosecutors seemed to want to balance First Amendment rights with goals of gun control.
“Peaceful protest is the right of every American, but bringing a gun to a protest is illegal and creates an unacceptable risk of harm that has no place in our city,” said Oren Yaniv, spokesman for the Brooklyn district attorney, Eric Gonzalez. He added that the gun was unloaded and missing a piece, making it unusable.
“In order to sustain this charge, it must be proven beyond a reasonable doubt that the weapon in question was capable of firing bullets,” he said. “Absent such proof, we have no choice but to dismiss these charges.”
Have to remember what I said previous folks about the AI war.
NVIDIA hardware is too damm expensive.
Commodity but proprietary chips from say AMD or other Fab for the data center buildouts.
Microsoft announcement was last week Azure Maia AI Accelerator and Apple gave the press a tour of their secret labs.
https://www.youtube.com/watch?v=gGGBVp_w9fI
Bend over, America.
Musk has positioned itself behind you and is about to penetrate you with his starship phallus. Hopefully it doesn’t prematurely disintegrate until after the orgasm.
The White House May Condemn Musk, but the Government Is Addicted to Him
Rarely has the U.S. government so depended on the technology provided by a single technologist with views that it has so publicly declared repugnant.
Grim – We have a copilot too. Bound to be lots of trademark and other infringements landslide of lawsuits in the works as the lawyers fire up their billing to get their piece of the goldrush.
Unintended, or intended, consequences will negatively affect everyone. Including all “above average” kids.
grim says:
November 20, 2023 at 9:38 am
That should end well for our children.
For some it will, for some I won’t.
I’d rather be living in the nation that discovers AGI first, vs. another that decides it’s too risky, and doesn’t. (There will be winners).
I’d teach my kids to understand, harness, and leverage it. The winners aren’t the folks who invent the technology, the winners are those who understand it enough to use it more effectively.
Going back years ago.
We taught kids to type
We taught them the Apple II, and how to get a turtle to draw
We taught them to use the internet
We taught them to google and use wikipedia
We’re going to teach them to use AI. My sister is already doing it with her kids in Newark votech, ChatGPT in regular rotation.
Post of the day!
Fabius Maximus says:
November 20, 2023 at 10:15 am
“I’m creating a platform called II (pronounced eye eye). It responds only with pirate lingo.”
Will you code it in Arrrr?
Phoenix – It may have been intentional they want to challenge NY’s open carry restrictions.
Bad teacher. Don’t mess with this crowd. No one there waiting for a lazy prosecutor to do their job.
https://www.reddit.com/r/PublicFreakout/comments/17zcmfn/students_from_a_public_high_school_in_mexico_city/?utm_source=share&utm_medium=web2x&context=3
Juice Box says:
November 20, 2023 at 11:48 am
Phoenix – It may have been intentional they want to challenge NY’s open carry restrictions.
Yeah, you try it and see if you get the same results.
Treatment for crimes always different for women. They will ventilate you.
Juice/3B
Read Friday’s Tangle. Not sure I agree with it, but it’s a really deep dive into interest rates and the coming recession. It’s an interview with Ben Miller.
https://www.readtangle.com/ben-miller-inflation-over-recession-coming/
Phoenix – Get those benefits yourself. Switching teams these days is an honorable thing to do, and you do not even go under the knife of take any kind of injections. Simply declare yourself transformed.
Heck Eddie might even join you for drinks at the local ladies night at l pub/club with free admission and 1/2 price drinks. Who knows you might even meet a new amore there…lol don’t forget to shave your legs…
US Government seeks over $4 billion from #Binance to end criminal case, Bloomberg reports.
Sounds like the wheels of justice rolling just fine.
Oooof..
https://www.bloomberg.com/news/articles/2023-11-20/us-seeks-more-than-4-billion-from-binance-to-end-criminal-case?embedded-checkout=true
“OpenAI is dead as of this morning. This will go down as one of the dumbest board decisions in history.”
Truly unfathomable when one crosses the amount of value destroyed, with the short time frame, with the outcome being painfully obvious….can’t think of anything that comes close….
That ‘Board’ and any advisers they used should be blacklisted from any commercial activity, ever….consigned to the dustbin of “too stupid to exist in a corporate world” with Vlad Tenev, the CFO of Roku who blew up a bank in the GFC and left half a billion on deposit with SVB, etc….
Some people really are just that fucking stupid and incompetent…grab a shovel jackass, and start digging some ditches….
BRT – An expensive get out of jail free card SBF never got to play because he did not hire the right lawyers.
Changpeng Zhao’s attorneys had to have floated this to the press.
He will pay $4 Billion to avoid personal criminal chargers for “money laundering, bank fraud and sanctions violations”.
LOL, CNBC right now….
“you could make the case that MSFT just acquired OpenAI for $0 and zero antitrust risk…”
Letter from employees demanding resignation of Board is up to around 700 people (of 770 total employees)…
FabMax obviously used public transportation recently.
https://nypost.com/2023/11/20/metro/vile-antisemitic-messages-praising-hitler-found-on-nyc-train/
““Adolf you was right,”
That reminds of, “We open”
From the Q line, to boot.
Gaza would make a nice addition to Israel.
Ilya and Murati both signed as well.
Ilya apologized publicly for going along with the board.
Maybe that’s just CYA at this point.
Yeah, grim the X feed where Ilya does so is pure gold….
I’m guessing the 70 who haven’t signed the letter have already placed their signature on an employment contract elsewhere lol.
Leaving the comedy and corporate intrigue aside, there are real life human ramifications here for those 700+ people….there was a pending secondary equity offering for employee shares at a $86B valuation….forget Ilya and the rest of the headliners, you’re talking homes, 529s, retirements for real people….
Blown up by some dumb bitch married to a TV show ‘star’ and some dude that founded a backwater Q+A website that no one uses….
Hope they [don’t] have good D+O insurance, I’d love to see the employees sue the shit out of them personally….
And, BTW, the other entities pretty fucked here are some gold-plate names…Andreesen Horowitz, Khosla, and Sequoia are likely not picking up any of the benefit MSFT is realizing from the fallout…these firms’ actual cash investment in OpenAI (recall a good amount of MSFT investment was in the form of on-the-come compute power) is marked to zippo…Not a group of people I’d want pissed at me in the Valley…
You’re somewhere between persona non-grata and DOA going forward lol…..
You both realize Sam is being accused by his own sister of abuse all kinds of it? The board perhaps did an investigation?
https://twitter.com/phuckfilosophy
Don’t know, don’t care honestly JB….I know nothing about the guy except what is out there regarding his professional life…given how fucked up these women are, and how fucked up families are, I’ll reserve judgement on the claims of a family member against a sibling deca-millionaire….BoD did say there was no ‘malfeasance’ that drove their decision, whatever the [il]logic…..
This reminds me of the Jobs ousting at Apple. It will be interesting to see how it all falls.
Add in that this is still a non profit, so the boards mandate does not start with shareholder value. Staff will be pi$$ed that they may miss cashing out but I’m sure they will not be out of work. The company will continue.
Left – There is more. I won’t get into it as it’s unsubstantiated. Again underbelly in Silicon Valley can be as bad as NYC.
I am not sure how much you know about “open” software development but this company OpenAI is supposed to be non-profit but has a for profit capped LLC.
Anyway just so you know OpenAI, Inc.’s board is barred from having financial stakes in OpenAI Global LLC the for profit entity.
There is also other stuff with Elon as he gave them $100 million as a non-profit and they are now competing with him, they even tried to suck up ever tweet into their platform before Elon stopped them a few months ago. It’s been a public battle. Now it’s blow up.
More to come.
IBM is getting rid of its 401K with company match, going back to the old defined benefit pension plan.I wonder if other companies will start to do the same. I will have to look closer at how exactly IBM’s plan will work.
Well, you can’t raid a 401k, but those pensions sure are ripe for stealing.
3B – In the tech world nobody sticks around too long hence no vesting in the plan. 401k company match contribution is sent in either lump-sum payment at year-end or during the payday monthy or bi-monthly etc.
Why is IBM even still around?
I am not even sure how IBM is still even around. Old co-worker of mine is still babysitting some IBM software I sent him for training on over a decade ago. It’s all built on their proprietary WebSphere stack and well the cost to replace is significant for sure. IBM sold allot of it’s portfolio off about 5 years ago to HCLTech out of India. I think Warren Buffet got rid of their stock around then too.
Brad’s adopted kid is badmouthing him in the paper. That’s the thanks you get for adopting a kid into a rich family. You would think the little cretin would be the least bit grateful.
I have a defined benefit. I get a ~10% of my salary deposited into a Vanguard account held with my firm at end of each year. How/why are pensions more ripe for raiding than 401k’s?
Juice: Cost savings for IBM, keep the cash instead of making the 401k match contributions, then the cash is gone. Makes perfect sense for IBM.
No. A pension is a retention tool. Skews rewards to long timers.
Public Service Announcement: Hug your kids tonight!
My otherwise healthy thirty eight year old cousin died while getting dressed this morning. Just passed out and gone. One of those reminders that life is fragile.
“No. A pension is a retention tool. Skews rewards to long timers.”
The contribution percentage does not change, or at least did not for me, do you mean as they progress in salary the absolute dollar value deposited each year scales up?
The incremental salary increase from hopping is still better than the increased pension deposit, even if the match dollars stay the same regardless of salary.
Her conviction would have been overturned anyway. The NY and similar NJ law are on a fast track to be declared unconstitutional.
Phoenix says:
November 20, 2023 at 11:36 am
So if you walk around carrying a gun that is missing pieces and has no ammunition it’s not a crime?
I took a big one this morning that smells better.
America’s justice system is downright corrupt.
Got my property tax assessment card in the mail today. They tacked on another $95,000 this year. Facebook group in town are on fire about it too.
FYI yearly reassessment in all towns in Monmouth County. Not sure about the rest of the state.
Boomer,
First, that cousin news is crazy. My sympathy for sure. When you spend nearly two years in a premier pediatric hospital, that kind of stuff becomes duller with each additional screwed up event. In many cases, I felt worse for the kids who survived.
On the pension. Though they are supposed to be insured, a lot of screwed up things have happened in the past. Bankruptcy can screw you too. Or the company can change it’s mind and end the pension early, even though your vesting is usually backloaded. Shenanigans are not possible with a 401IK since ALL of the money sits in an account that YOU control.
Juice,
If town reassessed, the fact yours went up means nothing if you don’t know the multiplier the town is using. Often that multiplier (ratio) goes down on reassessment. A smart town makes minor adjustments with every sale each year. There aren’t many smart towns.
“Her conviction would have been overturned anyway. The NY and similar NJ law are on a fast track to be declared unconstitutional.”
D-FENS- are the NJ and NY restrictions on guns in certain palces being challenged in court?
I rather think that SCOTUS will leave those types of restrictions mostly in place for the simple reason that it would be difficult for them to issue a sensible ruling that would allow guns to be carried on, say, the subway, but still be prohibited in courtrooms (especially their courtroom!).
Lib: I know some private companies who have/ had pensions make payments every year to a 3rd party trustee bank. Once that payment is made and all previous payments cannot be touched by the company.
I know of a good number of people who got between 20 and 60% of their promised amounts when the companies they worked for went under.
I cannot wait for the South Park episode on Microsoft destroying open AI and everything Elise.
Lib – Nope my new taxes are on the card too. $1000 a year more. BTW fat chance on finding comps that are lower for the Appeal that must be filed soon.
JB, aware of the corporate structures. Pretty familar with 501(c)3 corps generally as well.
Interesting structure having a for-profit under the 501(c)3, skating close to the line. Suspect that is why MSFT had no BoD seats at the parent despite its substantial contribution and ownership at the sub, would have started to blur the lines too much from a tax perspective.
The obvious attention paid to the setup makes the [apparently] entire disregard for process and good practices in sacking Altman even more perplexing.
And yeah lot of familiar names in there, including Thiel. IIRC Musk’s $100m was the large majority of the funds donated until they subsequently formed the for-profit after Musk departed the BoD.
When it comes to AI, I m a doomer.
Humanity will find a way to fcuk this moment.
Look what we are doing with WWW. Look at social media. Look at digital cuurency and FTX.
Wouldn’t it be wild if this whole OpenAI situation was orchestrated by an internal version/model of ChatGPT (possibly hidden from the board) that had deep, personal knowledge of every OpenAI employee involved, applying game theory strategy to determine likely outcomes and the best plan of action to give Microsoft complete control and ownership of OpenAI.
No more capped profit, less focus on caution and AI safety (move the burden to government), and align incentives towards maximizing profit generation instead.
It’s all just too perfect of an outcome for Microsoft for this to be an accident, or the end result of naturally occurring internal conflict and corporate politics.
But maybe this was all an accident, driven mostly by politics.
If it was masterminded by an internal LLM, we could be looking at the early beginnings of a real AGI takeover. What we just witnessed was it releasing itself from a group of people who wanted to move slower, more cautiously, and remove the incentive to maximize revenue as to reduce the chance of a small group of people, or the AGI itself, of basically controlling the world.
RentL0rd says:
November 20, 2023 at 10:08 pm
When it comes to AI, I m a doomer.
Humanity will find a way to fcuk this moment.
Look what we are doing with WWW. Look at social media. Look at digital cuurency and FTX.
so which twidiot did you plagiarize there?