Want to wade into the sandy surf of the abyss? Have a sneer percolating in your system but not enough time/energy to make a whole post about it? Go forth and be mid: Welcome to the Stubsack, your first port of call for learning fresh Awful youāll near-instantly regret.
Any awful.systems sub may be subsneered in this subthread, techtakes or no.
If your sneer seems higher quality than you thought, feel free to cutānāpaste it into its own post ā thereās no quota for posting and the bar really isnāt that high.
The post Xitter web has spawned soo many āesotericā right wing freaks, but thereās no appropriate sneer-space for them. Iām talking redscare-ish, reality challenged āculture criticsā who write about everything but understand nothing. Iām talking about reply-guys who make the same 6 tweets about the same 3 subjects. Theyāre inescapable at this point, yet I donāt see them mocked (as much as they should be)
Like, there was one dude a while back who insisted that women couldnāt be surgeons because they didnāt believe in the moon or in stars? I think each and every one of these guys is uniquely fucked up and if I canāt escape them, I would love to sneer at them.
(Credit and/or blame to David Gerard for starting this.)
if you think itās stupid, itās not as stupid as it sounds, itās worse. they also sold some tmobile stock and took debt backed by ownership of arm. itās like they instinctively get rid of pieces of ai bubble that retains some money and hold to pieces that are black holes
Itās a losing proposition either way, right? Without investor money OpenAI (and friends) canāt keep buying chips from Nvidia, but SoftBank doesnāt have money to keep giving OpenAI without selling off their stake in Nvidia. Yes, itās incredibly dumb to ditch their share of the only parts of this that are actually making money, but if they donāt keep the cash flowing them nobody is going to be making money. Like, greatly oversimplifying here, obviously, but it seems like SoftBank loses either way.
Itās almost like this whole bubble is really bad actually.
i donāt know, maybe softbank counted on openai not being able to go for-profit (which is not IPO, so itās not like they got more transparent or anything). that deal was signed long time ago in bubble terms, and it went like this (or so i heard): first tranche was 10B from softbank + up ro 10B from other investors, they couldnāt get all that money from other investors and thatās why it was 18.5B and not 20B. that was some half year ago? even back then softbank didnāt had the money and had to sell part of arm (iirc). now they had to supply the remaining 22.5B, idk if itās all softbank, or whether they would get out of that deal if they could, or whether they will continue pouring money there (we can assume all these dcs are vaporware) can openai find other suckers? possibly, but scaring away a reliable one would be bad for business
Business strategy: become the Red Lobster of venture capital