mountainriver

I think it’s a good one to hand people who just vaguely has picked up something about existential threat. Short, funny, and gets to the point of the existential threat stuff being a smoke screen for crapification and redirection from climate change.

Geffen succeeded with a gift of $100 million to Lincoln Center and — perhaps more importantly — Lincoln Center paid $15 million to Fisher’s descendants so they would not sue. What that means is that the most prominent cultural organization in New York City lit $15 million on fire so that Geffen’s name would be on a concert hall.

No they did not lit them on fire, they payed of people.

In order to lit money on fire you need to buy something - like servers, electricity - and then just waste it. For example by running crypto schemes.

Crowdstrike offers 10 USD gift cards as apology.

https://techcrunch.com/2024/07/24/crowdstrike-offers-a-10-apology-gift-card-to-say-sorry-for-outage/

Those that try to use them find out that Crowdstrike can’t even buy gift cards at scale.

Ah, but checking the actual grade gives a correct answer. Who wouldn’t want to change that for a statistically likely answer?

In the famous locomotive competition where Rocket beat Novelty (or was it the other way around?), other locomotives also participated. Some broke down and one was disqualified for containing a horse instead of a steam engine. Feels like there are lots of hidden horses today, and they are rewarded instead of disqualified.

But they make up for it in volume!

So they named the product sucking the data after the Facehugger? At least they know that they are in the abomination business. Will they be releasing an AI named Bursting Chest?

I have noted two AI companies going belly up with earnings in a year matching costs per month. So I assumed that was around the worse case scenario, and for not yet bankrupt AI companies earnings were probably a bit better, perhaps just losing ten times their earnings.

I now see the flaw of my reasoning. Capital isn’t allocated on profits, it’s allocated on hype. Having profits draws the company down because it’s no longer pure hype, and thus doesn’t contribute to the hype bubble the same way.

So existing, not yet bankrupt, AI companies probably has significantly worse cost to income ratio than twelve.

Biblically accurate gymnastics.

Good question!

The guesses and rumours that you have got as replies makes me lean towards “apparently no one knows”.

And because it’s slop machines (also referred to as “AI”, there is always a high probability of some sort of scam.