From CNBC:
Home sales fell to a 13-year low in October as prices rose
Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors.
It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down 14.6% year over year.
The October sales count is based on closings from contracts likely signed in August and September. The average rate on the 30-year fixed mortgage had dropped to near 7% at the end of August, but then began rising sharply, jumping over 8% by mid-October. Rates have since retreated somewhat.
“Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” said Lawrence Yun, NAR’s chief economist. “Multiple offers, however, are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market.”
At the end of October there were 1.15 million homes for sale, down 5.7% from a year earlier. This is about half as many homes as were available for sale pre-Covid. At the current sales pace, that represents a 3.6-month supply. a six-month supply is considered a balanced market between buyer and seller.
Tight supply kept pressure under prices. The median price of an existing home sold in October was $391,800, an increase of 3.4% from a year ago ($378,800). Prices rose in all regions of the country. These annual price increases have been getting larger for four straight months. Roughly 28% of homes sold above list price.
“While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October,” Yun said. “In fact, a typical homeowner has accumulated more than $100,000 in housing wealth over the past three years.”
Sama back at OpenAI as CEO, most of the board fired and replaced.
How Lawrence Summers made his way onto that board is very curious.
Bret Taylor is a good pick for chair.
Hat tip to Ritholtz for this link, good analysis:
https://www.apricitas.io/p/the-new-economic-geography-of-the
I like the Ritholtz article, always good to read some meaty substance. It’s why I come to this blog… among a few other reasons. Lol.
10 yr 4.3
for chifi
All the optimism going forward is based on the Fed cutting rates next year, some are are saying as soon as March. Market dismissive of higher for longer. Fed minutes show they all appear to be concerned that inflation risk on the upside is still a big concern.
The 1st FED cut will send stocks flying and house prices hitting 5th gear.
3b,
That happened twice before Volcker absolutely put a lid on it by doing what HAD to be done. That was also in the Tangle interview. If my memory serves me right, Powell is afraid of inflation coming back the moment rates are cut. The author argues that it won’t because the inflation as of late was almost entirely rent inflation and that’s long gone though it’s not reflected in the data yet. He knows it’s long gone because that’s the industry he’s in.
I like the donut effect.
“How Lawrence Summers made his way onto that board is very curious.”
Any insight, I don’t see a direct line for an interesting choice…
Was surprised by D’Angelo staying on as he felt like a has-been (Quora, really?) especially since Quora is something most likely to be put out of business by AI until I see Altman was lead on the latest $85m round for that company in 2017…
“After Altman’s return, Shear said on X that he was deeply pleased and “glad to have been a part of the solution.”
Best quote ever given he was CEO for what, like five hours? Pisser if he actually signed an employment contract with a no-cause severance payment though lol.
“The second Sam was fired from OpenAI, if you didn’t immediately predict that Larry Summers would end up on the board somehow, then you don’t understand America.
(I didn’t predict it. Still have more to learn about this country.)”
@TheStalwart
Lib: I am not convinced inflation is gone, long or otherwise. If it is, and we are going to have a soft landing or no landing, then why the belief by many market participants now that the Fed will cut rates? Why not leave them higher for longer, even with a mild recession I would argue no need to cut rates. As soon as the Fed cuts, then the market will immediately be expecting the next cut, and the one after that.
The US still hasn’t felt the “greenflation” pain fully. The biggest regulatory impacts are yet to come. How can it be legal for Murphy to ban ice cars in NJ way after he’s no longer governor?
Wait for the utility bills and blackouts that will result from green mandates.
Teacher, teacher teach me love, I can’t learn it fast enough..
A glamorous Mississippi high school art teacher has been arrested after she was accused of sending inappropriate pictures to a 16-year-old student.
Emily Swinkowski, 27, faces charges of enticement of a child and child exploitation in connection with the incident, the latest case of alleged inappropriate teacher-student relations across the US.
While working at Water Valley High School, she was arrested after she allegedly sent the student nude photos.
A different student learned about the photos and tipped off the principal, who contacted the police, according to District Attorney Jay Hale.
Swinkowski resigned and turned herself into the authorities last Monday. She was freed on $50,000 bond.
Phoenix: What is it with women teachers and male students these last few years. Was it always going on, or just more reported on today
Lib – Looks like in the end it will all net out just fine: Rental cars were 81% cheaper than usual at my destination. Got a compact CUV automatic hybrid for $50.45 for the entire week. So I paid $39 for a seat assignment and $50 to rent a car for seven days.
Paid with AMEX to get primary rental car protection $24.99 per rental event. Worldwide primary rental insurance. I am fiercely loyal to AMEX.
3b,
My guess, two things.
Feminism and technology. You have no idea how aggressive young women are until you start working with them. And most don’t have their thought processes really sorted out.
Some I work with are in outer space with no affect at all-yet bossy and manipulative, and worst of all, they think they know everything until they go in full panic mode.
Plus they never stop talking about money.
As far as technology, they are fully addicted. The texting is non stop. More even than web browsing. They have a comment to make, or someone to talk about every minute of the day. Anything a doctor says, anything they do, even if a doctor comes in and says hi there is a text. His cologne, a text. And so many judge them as if they went to medical school and could do better, they have no idea what is actually being performed.
Women’s brains may be more adult before men’s, we do have some in their 20’s that are more serious and aren’t total ditzes. But there are a whole lot that are in their thirties, unmarried, and thirsty as hell.
One thing they have all pretty much realized, is that the feminist tripe where they “earn their own money and don’t need a man” is a bunch of bull unless they are happy living in a townhouse or apartment for the rest of their lives with a salary in our career. It sounds good until you actually want to buy something.
They need men (or women if they switch hit) in order to make any progress in this world, just like Elizabeth Warren wrote in her book, the two income trap. Plus also at the time they need to get themselves a house (women’s ultimate dream), that whole child birthing clock thing is staring them in the face every minute, and they don’t want to settle.
Sorry honey, but your plane is fully loaded, you only have a 3800 foot runway, and although feminism told you that you can fly yourself, that one engine of yours isn’t going to get you past the treeline at the other side of the runway. Hopefully you choose the correct partner engine lest you crash halfway to to your destination of happiness of death do us part.
You are young and have had many good second engines to choose from. Being a bit too snobby and waiting too long is cutting hundreds of feet of available runway from you.
Wait too long at your own peril.
One of the best posts of the year. Dead on.
Phoenix says:
November 22, 2023 at 11:16 am
Doughnut Effect
https://m.youtube.com/watch?v=wAvYNmvodGk&pp=ygUZaG9tZXIgc2ltcHNvbiBkb251dHMgaGVsbA%3D%3D
Here we go again.
Phoenix will be getting some OT
https://www.dailymail.co.uk/health/article-12779783/child-pneumonia-outbreak-china-hospitals.html
By the way, if I didn’t already mention it (I don’t think I did).
$80k over asking, as-is.
We declined two offers that were $100k over asking due to the fact that they would not waive inspection and appraisal contingencies. We would have been fine with just waiving inspection, however they weren’t willing to accept that either. Given their aggressive offers, we were pretty confident they were going to attempt to renegotiate price post-inspection. Closing is Tuesday.
Was surprised by D’Angelo staying on as he felt like a has-been (Quora, really?) especially since Quora is something most likely to be put out of business by AI
Quora is a goldmine of AI training data…
Larry Summers is an old school landline to the White House via the White Democratic Party. Any legislation to slow down or prevent AI advancement and monetization must be prevented.
Phoenix; I know women in their 50 s who are incredibly stupid, I mean painfully stupid! You wonder how they made it this far. And yet as stupid as they are, they are also incredibly manipulative and vicious. I mean really vicious. Something I have not seen with men in that age group.
I pay car rental with AMEX and still end up buying insurance. Clearly I’m wasting my money
Boomer Remover says:
November 22, 2023 at 11:02 am
Paid with AMEX to get primary rental car protection $24.99 per rental event. Worldwide primary rental insurance. I am fiercely loyal to AMEX.
Following this Sam Altman thing is more difficult than mastering Python.
Speaking of AI, when materials manufacturing, neuro nets, 3D printers and AI come together to create a personal super model, you most likely will never hear from me again.
3B – re: “ last few years”
Hot For Teacher was written nearly 40 years ago, and before modern times with public schools etc there are loads of stories passed down about the religious folks who taught like Nuns, Priests, Rabbis and Imams engaging in that behavior or worse. There is also loads of ancient history including painting and statues about teacher student relationships.
https://www.youtube.com/watch?v=6M4_Ommfvv0
Little known tidbit:
Trevor Rabin wrote Hot for Teacher.
https://youtu.be/QeoB9VRY-eE?si=0NXpf6yo7cOIW29G
Juice: I knew about the sex abuse in the church, primarily Priests but also some Nuns as well. And of course there has been multiple examples of male Public school teachers doing it. Female public school teachers seems to be more common now than in the past.
Trevor Rabin is an incredible guitar player. I don’t know he wrote that song.
Both of you car renters are paying more than you have to. Get the Venture X card from Cap One. They still include rental insurance, if you pay with the card. Also, no international fees. Their initial promo is also incredible. I only use the card for car rentals. Remember to cut it down to the regular card to avoid the annual fee if you don’t plan on using it after your first year. Another thing a lot of people don’t know. your auto policy that you must have to drive your personal car. Also applies to your rental car. If you don’t have comprehensive at home, then you won’t have comprehensive on the rental car you will get all of the injury protection either way.
A couple other captain cheapo hints. Always use autoslash. Often rentals on the half an hour are cheaper than on the hour. Often it’s cheaper to Uber to an offsite car rental and renting from there then it is to rent at the airport but be careful because sometimes those places close and a bad flight delay can screw you. Finally, always make two reservations with two different rental companies, I can’t tell you how many times I’ve gone to pick up my car and they don’t have any left, especially around holidays.
3b,
Technology is exposing them. Also, examine social media, Facebook, Insta, etc. I see plenty of posts of my coworkers that magically appear at different beaches or resorts, having a great time, bodies all tan, nice swimsuit, nice jewelry, but with one caveat.
Who are they with? No man in the picture, no friends in the picture.
So you went by yourself? To Aruba?
No, the man who has paid for that trip, that suit, that jewelry is there with her, just that she is not posting him in the picture, lest everyone you work with should ever find out.
Women are screwing all over for money. They just demand that no one ever finds out.
And be careful, your wife’s business trip– you think it’s only men that screw around with their secretary? Think again. If they will bang a middle school student, they will eff their boss for a free trip.
Interesting topic, at least to me.
https://youtu.be/Ofv39GBGW3g?t=436
Bad Bad Panda. (sp)
Expect more crashes.
https://www.restaurantbusinessonline.com/financing/inside-chaotic-world-owner-boston-market?fbclid=IwAR08WktCGXkGdPurIPk0BM6rKWY8ESLCMAuIENAl4ODvOE3LOS91kh4mPKI
Congrats Grim, on the sale. Our first offer on the multi was one of those, high bid, attempt to bargain down after inspection offers. As you know, there is no recourse for the seller besides backing out. I was so pissed. Not because of what happened, but because our selling agent knew the buyer and claimed she was not going to do that to the point where they almost waived inspection. The inspector found 200K worth of stuff to make the house a nice flip. Things like, replace the toilet because it’s not modern. Replace the entire heating system since the pipes were original. Just a flaming crock of bullshit. It’s a 100-year old house. It has 100 year old shit in it. I saved the report to look back and laugh at. When the house did sell, the buyers inspector found nothing wrong that needed to be fixed. Not one thing.
“Sorry honey, but your plane is fully loaded, you only have a 3800 foot runway, and although feminism told you that you can fly yourself, that one engine of yours isn’t going to get you past the treeline at the other side of the runway. Hopefully you choose the correct partner…”
Me thinks the dude is the plane and the pilot – like a drunk in a DWI crash – walks away relatively unscathed…
“Quora is a goldmine of AI training data…”
Will defer to you on AI utility. Shit site from my experience for its intended use.
“Larry Summers is an old school landline to the White House via the White Democratic Party…”
No time to google, but didn’t he blow himself up with that crowd while at Harvard?
Looks like there was an attack at the Rainbow Bridge. Buffalo Airport shut down
Happy Thanksgiving.
thanks
Libturd says:
November 22, 2023 at 1:37 pm
A couple other captain cheapo hints. Always use autoslash. Often rentals on the half an hour are cheaper than on the hour. Often it’s cheaper to Uber to an offsite car rental and renting from there then it is to rent at the airport but be careful because sometimes those places close and a bad flight delay can screw you. Finally, always make two reservations with two different rental companies, I can’t tell you how many times I’ve gone to pick up my car and they don’t have any left, especially around holidays.
Pillr.io has some zip level data on bids, winning bids and spreads.
https://trends.pillr.io/Trend/SaleToList/07024
Leftwing,
Larry Summers is the perfect person for that board.
He represents the national security (Ex-Secretary of the Treasury) from the economic, and (Council of Foreign Relations) power structure side.
More importantly he’s well known for being very smart as well as arrogant and able to sarcastically take down other smart arrogant people that are prone to be full of it.
I rest my case from the Social Network – The Winkleviis’ take down https://youtu.be/Y3JtmZugzl4?si=a7YrPdwTNiaHa8IJ
Here is the man himself on that scene.
https://youtu.be/4suMs5Skw88?si=CVAZcM6AHBq7zx45
Mayorkas has ordered border guards not to misgender migrants crossing the border, and only ask their sex if “ operationally necessary” . They are also instructed to ask migrants what pronouns they prefer. The madness continues!
Since the topic is AI, I encourage you read up on the SAG-AFTRA act, and how it puts downward pressure on movie actors and the labor market in general.
Also, this report on why Sam returning to OpenAI is NOT a good thing:
https://www.tiktok.com/t/ZT8yPUMFo/
The genie is out and there’s no turning around in the race to the bottom. Buckle up folks.
A board is meant to keep the top guy in check. Imagine if Satya did not meddle with this, and OpenAI continued their mission of responsible growth?
I wish to hear more from the ladies who left the board.
RL,
Good post. But don’t worry, boomer won’t care, boomer won’t be around for the carnage they caused.
Happy Turkey Day all!
I wish to hear more from the ladies who left the board.
They were in camp “Effective Altruism”, ala SBF. What more do you think you’d glean from additional information?
There was no scandal, no secret AGI, no rampant risky behavior. It’s a battle of ideologies between people with way too much money and time.
Lesson learned? Don’t seat a board full of idiots and expect some sort of magic to happen.
Happy Thanksgiving Everyone!
Happy Thanksgiving to all. Enjoy the day
I for one welcome our new Robot Overlords.
“Nov 22 (Reuters) – Ahead of OpenAI CEO Sam Altman’s four days in exile, several staff researchers wrote a letter to the board of directors warning of a powerful artificial intelligence discovery that they said could threaten humanity, two people familiar with the matter told Reuters.
The previously unreported letter and AI algorithm were key developments before the board’s ouster of Altman, the poster child of generative AI, the two sources said. Prior to his triumphant return late Tuesday, more than 700 employees had threatened to quit and join backer Microsoft (MSFT.O) in solidarity with their fired leader.”
https://www.reuters.com/technology/sam-altmans-ouster-openai-was-precipitated-by-letter-board-about-ai-breakthrough-2023-11-22/
No way, Ilya renounced the board actions and signed the petition very, very publicly (he was #12).
If this was a risk issue, there is no way he’d have reversed course. By the way, it’s reported he developed this rumored Q* technique. True? Not True? Who knows.
This was a stupid coup attempt by an inept board. Looks like Toner was the lead, because she received very vocal criticism from Altman for a paper she co-authored that was very negative on OpenAI, and very positive on competitor Anthropic. Apparently, this paper was a surprise, was not “approved”, and was not disclosed before publishing. So who, exactly, has not been truthful to the board here?
The fact that a board member published a hyper-critical paper, lauded a competitor publicly, and then attempted a coup because Altman raised concerns about it?
She advocated for a merger with Anthropic during the weekend. Who does she work for, anyway?!?
They made offers to (what sounds like) more than 2 potential CEO candidates as well, and 2 of them have publicly acknowledged that they declined those offers, before going with Mr. Twitch, who didn’t last 24 hours.
By the way, they called an all-hands with Emmot on the internal Slack. Nearly the entire company responded with the “Fuck You” emoji”.
If you didn’t hear, the board decided to replace Mira as interim CEO because she had secretly planned to bring Greg and Sam back. The coup didn’t care for that, so she was fired as well.
This was an inept board that made a stupid, rash decision, and then chaotically attempted to save face over the weekend, before it all came crashing down on them.
Need any more clues? Just look to who IS NOT on the board, or in the company anymore, all you need to know.
Just understand Big Brother is in the mix here Grim. She was an AI researcher who worked at CSET, and probably has ties to some inside the beltway and the military industrial complex.
If there is truly an AGI we will grab it before our enemies do. National Security Policy is to do so. You can bet there are more than a few working there now reporting breakthroughs to their various government(s) sponsors.
Heck a Salesforce exec is now running the board, killer robots are coming folks it’s only a matter of time.
Gobble Gobble!
Happy Thanksgiving.
And for those of you who can afford to help, here is a holiday message from Sally Struthers:
For only 20 cents a day, you can provide a Thanksgiving meal to an American struggling with fears of inflation.
It’s easy to label something as “woke” or “Effective Altruism”. In many ways, AI is not FTX. And if anything Sama is more like SBF than the board. Sama wants to barrel through commercializing all aspects of human knowledge into AI by wooing investors – with NO checks or balances. To heck with ethics. To heck with bias. He began as a “good guy” – if you ignore the incest of his past days, but we cannot trust ONE person when there could be a more meaningful way forward.
Clearly the board was immature in how they handled Sama – but they had a point. They were on “our” side. Now, there’s nobody on the people’s team – unless you think Satya is God. Your using ChatGPT and making a few bucks here and there doesn’t make you an expert on understanding how dangerous this is.
Agreed that paper may have praised Anthropic and dissed OpenAI. Nobody knows Anthropic – so it’s not even worth mentioning. But what if Anthropic had a point?
Sama bypassing all guardrails and raising Billions from greedy investors is the big picture here.
If you don’t see this – you have not seen enough sci-fi movies.
He was also using OpenAI to actively fundraise for his side gig which was a startup to Rival Nvidia and make custom Tensor Processing Units.
People who sought to invest in OpenAI were instead directed to invest in his new chip startup.
Again Big Brother here folks.. Chips are a National Security Issue, he was flying all over the world trying to raise perhaps as much as 20 Billion for his chip startup. This was done on company time too.
https://www.reuters.com/technology/sam-altmans-ouster-openai-was-precipitated-by-letter-board-about-ai-breakthrough-2023-11-22/
Some at OpenAI believe Q* (pronounced Q-Star) could be a breakthrough in the startup’s search for what’s known as artificial general intelligence (AGI), one of the people told Reuters. OpenAI defines AGI as autonomous systems that surpass humans in most economically valuable tasks.
Given vast computing resources, the new model was able to solve certain mathematical problems, the person said on condition of anonymity because the individual was not authorized to speak on behalf of the company. Though only performing math on the level of grade-school students, acing such tests made researchers very optimistic about Q*’s future success, the source said.
Reuters could not independently verify the capabilities of Q* claimed by the researchers.
Researchers consider math to be a frontier of generative AI development. Currently, generative AI is good at writing and language translation by statistically predicting the next word, and answers to the same question can vary widely. But conquering the ability to do math — where there is only one right answer — implies AI would have greater reasoning capabilities resembling human intelligence. This could be applied to novel scientific research, for instance, AI researchers believe.
Unlike a calculator that can solve a limited number of operations, AGI can generalize, learn and comprehend.
Great share about Q, @Cookbook.
I may come across as a Doomer – but I am just being practical.
The vast majority of silicon valley startups are run by wackos with wacky ideas. The OpenAI drama shows this to the world in open view. They are not statesmen, they are not historians and definitely not to be trusted. Most are just a dog with a bone – cannot look at the big picture.
And our lives are controlled with them.
Eat my Bird, it’s only a swallow
Counseling, consoling, or copulating?
The mother of a 13-year-old boy who was ‘raped’ by an Ohio social worker counseling him is now suing, claiming she told the worker’s agency about their inappropriate and illegal relationship but they allowed it to continue.
Payton Shires, 24, is currently in jail awaiting her next court date on multiple charges of sexually assaulting the boy.
She is said to have admitted to their inappropriate relations on phone calls with the boy’s mother.
Anyone dare go shopping last night? Drove by the Garden State Plaza on my way home it was pretty jumping..
Anecdotal a newly minted police officer in the family had two DWI busts yesterday. This was all before carving time too.
Anecdotal a newly minted police officer in the family had two DWI busts yesterday. This was all before carving time too.
Can’t wait to see them on Drive Through Tours.
There will be AI generated personalized movies, video games, and music and other media based on a combination of your digital footprint and eventually, your DNA.
This content will so addictive that there will be several more industries created to counter it, also supported by AI, to help people manage this addiction. Pharmaceuticals, professional services, apps, facilities, devices, etc.
Many people will vanish into an abyss of addiction 100 times worse than young people using TikTok today. Potentially worse that the most addictive substances such as fentanyl.
Discipline and a sense of purpose will replace intelligence as the most valued human trait for predicting freedom and autonomy in individuals, since intelligence is now commoditized and available to all.
RentL0rd says:
November 23, 2023 at 11:45 am
Great share about Q, @Cookbook.
I may come across as a Doomer – but I am just being practical.
The vast majority of silicon valley startups are run by wackos with wacky ideas. The OpenAI drama shows this to the world in open view. They are not statesmen, they are not historians and definitely not to be trusted. Most are just a dog with a bone – cannot look at the big picture.
And our lives are controlled with them.
Russian and Chinese executives discuss Russia-Crimea tunnel project.
The Americans (cough cough), I mean the Russians, will blow it up like the pipeline.
Meh. Re: OpenAI Grim has it right…the remaining Board members are lightweights in way over their heads. These two women were clueless as demonstrated by the shit show they engendered and ill advised (if advised at all) actions like published papers on Anthropic v. OpenAI. They had no business being involved with a $90B entity.
So could care less what these housewives have to say. They were placeholders on the Board…to another of Grim’s points look at the *real* members that departed that actually had both money and expertise most notably Musk and Hoffman…the former are nothing like the latter.
And, Anthropic is very well known…Google and AMZN have committed multiple billions in investment recently, and it was founded by engineers departing OpenAI…
The reconstituted Board of OpenAI is a start to bringing in the experience, knowledge, and industry connections one would expect. Watch for more announcements of real names to join…my guess the biggest issue is going to be getting the highly qualified people they actually want because of potential conflicts of interest…the area is so hot many desirable candidates likely have projects ongoing or investments that may have them taking a pass…
Just a run of the mill corporate shakeup…nothing more, nothing less…there is no little man behind the curtain here…
He shouldn’t have listened to Mike Rowe. Do a dirty job, then get done dirty by a court that gives you less money than the downpayment on Fat Fingered Mary’s Rheingold and cabbage cape.
All men are created equal, but some are not worth as much in USD.
Family Of Roofer Who Fell From Passaic County Home Gets $75G From Company That Caused His Death
UPDATE: The survivors of a worker who fell to his death from a residential roof in Haledon will receive $75,000 after his employer admitted in federal court this week that his Middlesex County construction company failed to provide any fall protection equipment or training.
The unidentified worker was installing insulation for a second-floor subroof in August 2019 when he took a step back and fell more than 20 feet, first onto a scaffold and then to a concrete floor below, U.S. Attorney for New Jersey Philip R. Sellinger said.
He was later pronounced dead of a head injury.
Despite the height, the crew members handling the roof replacement that day at 34 John Street weren’t given safety harnesses, lanyards, tie-off ropes, guard rails, safety nets, or other feasible means of fall protection, in violation of OSHA regulations, the U.S. attorney said.
Nor were any of them trained in fall protection or measures that could be taken to minimize any hazards, as also required, he said.
Ah Black Friday time to get suckered for 15% off discounts on products and finance with credit cards with 24% APRs.
Leftwing, Grim and you may be just right. Or totally wrong. Nobody has the crystal ball You are talking about the mechanics here, while I am talking about the bigger picture.
Just like you don’t want people to be toying with nuclear materials in the basement, you don’t want AI, especially with things like AGI go unregulated.
We are a decade or more away from anything close to AGI.
Keep in mind, we will probably spent a good 4-5 years in the “near AGI” era, where there are glimmers, but overall performance is miserable, and slow.
Nobody is stumbling on to it accidentally.
Eh, I trust the Valley bros, with all their acknowledged shortcomings, a hell of a lot more than the DC clowns…on nearly every measure.
Lib, dumped my AXP shares today….
12% on the shares over 29 days….much better on the options….
Feeling toppy here and I don’t want to play chicken with the market with those returns. Not expecting a downturn but I’d feel pretty stupid here if there were….
Grim,
I think the issue of human nature in relation to AI is more important.
You are probably right with “Nobody is stumbling on to it accidentally.”
But more likely is “Someone stumbling with it”.
The Demon Core is the perfect example. People could not stop “tickling the dragon’s tail”.
https://en.wikipedia.org/wiki/Demon_core
Were you close enough to sniff his diaper???
This is gonna be expensive.
NBA is investigating allegations that Oklahoma City Thunder’s Josh Giddey had an inappropriate relationship with a minor after pictures of them – including one where she boasted about having sex with him – were posted on social media
@ Grim:
>>We are a decade or more away from anything close to AGI.
>> Keep in mind, we will probably spent a good 4-5 years in the “near AGI” era, where >> there are glimmers, but overall performance is miserable, and slow.
How are you so sure, when Sama himself said they accidentally stumbled upon AGI in an interview?
@Leftwing
>>Eh, I trust the Valley bros, with all their acknowledged shortcomings, a hell of a lot more than the DC clowns…on nearly every measure.
This is such an irresponsible comment. Sure there are clowns in DC, and they cannot be trusted. But at least they are so inefficient or fight endlessly that “nothing” gets done.
Meanwhile, what WE can do is question everything. Question every motive and hold them to at least same standards as we hold the “DC clowns”. I don’t trust Satya.. I don’t trust Sama and I certainly don’t trust the big investors dumping billions into OpenAI.
The DC clowns should start asking for roadmaps, whatifs, and accountability at every step of the way from here with respect to AI. That’s why we vote.
Many facets of intelligence. Math etc being the grail for sure, as there is a long list of unsolvable math equations, well mankind has not solved them yet.
When I say Robot I don’t really mean AI as the killer ones are in reality already here.
It’s just like the movie War Games…..(training the AI etc) .. There is no really no difference, except well control over of the nuclear missiles. Wait we did that during the latest modernization program?
Go check folks….