Chelm's Deep

Poet, hobbyist, father, husband, technologist, data geek, maker, game player, lover of humanity's foibles.

[Chelm's Deep @ChelmsDeep]

Completed a personal project this week. It is small and niche and probably only interesting to three or four people in the world, but it represents about six months of intentional AI skill building (agentic coffee wrangling) and I am quite pleased with the results.

I trained a lora for a the turbo z image model entirely locally on my Macbook pro.

The lora captures style of a single Jewish artist from the late nineteenth and early twentieth century when the world’s obsession with German culture was waxing.

The style is Jugendstil (lit. Young style) called Art Nouveau in English (franklish?)

I publish both the lora and the pipeline used to create it.

Links below.

[Chelm's Deep @ChelmsDeep]

@TJAT25 @bradneuberg No I don’t, why would you think that?

[Chelm's Deep @ChelmsDeep]

@jun_song This is where I have landed watching this unfold

[Chelm's Deep @ChelmsDeep]

How exactly is it that Apple made Siri and the keyboard experience on my phone worse?

[Chelm's Deep @ChelmsDeep]

Approve

[Eyal Yakoby @EYakoby]

BREAKING: Saudi Crown Prince Mohammed bin Salman has reportedly threatened to drive oil prices near zero by pumping at full capacity unless Russia stops sending Iran weapons that end up with the Houthis.

[Chelm's Deep @ChelmsDeep]

@honestpollster Confirmation bias - pick a different vector and see if you get a similar count

[Chelm's Deep @ChelmsDeep]

In my mental model of the world The Jensen Huang Nvidia scandal can best be characterized as a battle for control over the company

[Chelm's Deep @ChelmsDeep]

Most people will simply complain about a thing

Some people will do something about it if they can

I am the second type of person, which I find sets me apart from most

[Chelm's Deep @ChelmsDeep]

@Andercot Yup and they already control huggingface … so new leadership could shut it down

[Chelm's Deep @ChelmsDeep]

I don’t understand how this is possibly legal

If we had a functioning government, it would likely be disallowed

[Ricardo @Ric_RTP]

Anthropic is about to sell the public a trillion-dollar company controlled by 2 shares worth less than a penny.

And the people buying it will have almost no way to change anything that happens next.

I read the voting section of Anthropic's IPO filing, and I think it's the most one-sided deal ever offered to regular investors at this size:

There is exactly ONE Class F share. It belongs to an LLC owned by 7 of Anthropic's co-founders, and it carries 50.1% of all the votes.

There is exactly ONE Class T share. It belongs to Anthropic's Long-Term Benefit Trust, and it elects a majority of the board.

If Anthropic were ever liquidated, each of those 2 shares would get its par value of $0.00001.

The public gets Class A shares instead. And Anthropic's own filing says this structure may effectively eliminate their ability to influence important decisions, including a sale of the company.

So here's what that means for anyone who buys:

- They can't replace the board if the company stumbles, because the trust picks the majority and the founders hold half the vote.
- They can't push for a sale, even if someone offers a huge premium.
- They can't stop the board from putting the mission ahead of their money. Anthropic is a public benefit corporation, so the board has to weigh shareholders against the long-term benefit of humanity.
- And they can't easily sue over it. Delaware law requires at least 2% of the shares or $2 million worth of stock to bring that kind of claim.

This isn't some far-off hypothetical either.

The filing warns that slowing AI development for safety may not maximize stockholder value. It also says Anthropic recently paused training a next-generation model for more than a month over safety and security concerns.

A public shareholder would've had zero say in that pause.

And here's the part I can't get past:

Each co-founder has pledged to give 80% of their Anthropic equity to charity. The Class F vote stays at 50.1% no matter how much stock they still own.

So the founders can give away most of their money and keep all of their control.

Dario Amodei told 60 Minutes last year that he's deeply uncomfortable with AI decisions being made by a few companies and a few people. When he was asked who elected him, he said no one.

Now his company's IPO hands 50.1% of the votes to 7 people, and he's one of them.

And guess who's being lined up to buy it?

Anthropic has weighed reserving 15% to 20% of the IPO for individual investors, according to Bloomberg. JPMorgan is leading the US retail push, and Citigroup is handling retail buyers in places like Japan, Britain and Canada.

The same filing warns that AI could pose catastrophic or existential risks to humanity.

So regular people are being asked to buy a company that says its product could threaten humanity, with no real vote on how it's run.

Anthropic's answer is that this is the whole point. The structure is built to keep Wall Street from pressuring it into cutting corners on safety. The trustees have no financial stake in the company. Google and Meta gave their founders control and still made shareholders rich. And every buyer gets all of this in writing before they buy.

But Zuckerberg's control comes from shares he owns, so when Meta's stock falls, he loses money too. Anthropic's 2 control shares can't lose anything.

Anyone buying this IPO is paying full price to hand control to 7 founders and 5 trustees.

They're desperate for money and they don't care about your money.

[Luiza Jarovsky, PhD @LuizaJarovsky]

🚨 BREAKING: Shareholders SUE Nvidia and Jensen Huang over alleged concealment of national security risks. Main allegations & my opinion:

"Defendants made false and/or misleading statements and/or failed to disclose that:

(1) Jensen Huang had an affair with a suspected Chinese spy, who also has a role at a company called Megaspeed, which is suspected of helping China evade export controls;

(2) as such, Nvidia’s statements about its relationship with Megaspeed were materially false and misleading at all relevant times;

(3) the foregoing raised concerns in the national security community about Nvidia and, if revealed, presented a material risk to the Company’s reputation and business prospects; and

(4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times."

👉 My opinion: because of the personal nature of the affair and the legal implications it triggered (the investigation into the extent of the harm is still pending), Jensen will probably have to resign.

👉 More in my newsletter. Join 103,000+ subscribers below.

[Chelm's Deep @ChelmsDeep]

If Jensen is forced to resign because of a foreign intelligence operation then that is a national tragedy and oddly evidence that maybe it wasn’t really a foreign op, just the removal of someone inconvenient to the agenda

I mean there obvious question is why didn’t Huang receive an intelligence briefing about the woman? He must have clearance

[Chelm's Deep @ChelmsDeep]

@AmitSegal What about the woman who leaked the altered video that framed the prison guards? Why has this disappeared from scrutiny?

[Chelm's Deep @ChelmsDeep]

The point 👇👇👇

[Nathan Lambert @natolambert]

Jensen no longer being CEO would be very very bad for the open model cause in the US.

[Chelm's Deep @ChelmsDeep]

@RabbiPoupko Why do you suppose a new government would be better?

[Chelm's Deep @ChelmsDeep]

@emblazoninlaw @hofeshyehudi Ezra faced a similar problem at the beginning of the second temple period

[Chelm's Deep @ChelmsDeep]

@AmitSegal They should not be allowed back - any mk that won’t even stand for the national anthem Siris not be in Knesset

[Chelm's Deep @ChelmsDeep]

@B0mbadiI @spartinasouth Correct, everything comes from God, but the baalim are part of the natural order of things as set up by God

Other parts of the Talmud describe them as angels doing God’s will

[Chelm's Deep @ChelmsDeep]

@honestpollster It’s really not complicated

There is a power struggle going on in the US government

The reaction to Trump is flex

Everything that can be manipulated, is for profit or power

Am hoping it doesn’t come to civil war, but that potential is real