There was once a merchant in the famous market at Bhagdad ...
One day he saw a stranger looking at him in *surprise* and he knew that the stranger was Death. (1/n)..
In fact, restaurants which pay 5% GST are negatively impacted by this MDR since they cannot claim the ITC which New Balance & other companies paying 18% GST can.
Therefore, cloud kitchens like The Mumbai Pav co (which my mom has invested in) would be adversely impacted by the GST charged on MDR
The challenge with imposing MDR on UPI runs much deeper than this GST edge case which I shared.
Fundamentally, it is extremely difficult to charge for a previously “free” service (due to a concept called the Prince Anchoring). There is always outrage when something goes from “free” to even a nominal charge.
The public backlash is expected but the industry desperately needs the MDR to make their payments business survive without Govt incentive programs.
My grandfather summarized this beautifully last evening: “either way, the taxpayer pays, which has been true since I started paying taxes in 1958” 😆
@blessings_soul Wait and you will see you'd get the calls from Banks for account opening , Social Media Agencies for logo designs and CAs for GST filings etc.
@paraschopra True story. The other day I was pleasantly surprised when a bunch of kids approached me at a random cafe in pune just to get the idea if their pitch was looking good.
Frustrated that Instagram Reels wouldn’t stream properly due to poor 5G speeds, angry villagers in UP's Fatehpur tied a Jio technician to the mobile tower and demanded that senior officials come to the site immediately to fix the connectivity problems.
go fuck yourself @sama
claiming that you solved navier stokes because 10000 agents ran in circles for 88hours on a multimillion dollar gpu cluster to formalize in lean a blowup case under controlled external forcing is pure scientific vulgarity the clay mathematics institute millennium prize does not ask m whether you can artificially force a singularity in a fluid by injecting an ad hoc smooth external forcing term f(x,t) to twist the vortex until it breaks the real problem questions the fundamental stability and global smooth existence for 3dimensional incompressible euler & navier stokes equations under natural conservation laws and viscous dissipation alone using a mathematical loophole on forced equations to parade a century old victory is a major conceptual scam Altman
technically & epistemologically what you present as an agi breakthrough is nothing more than bruteforce combinatorial autoformalization the ai did not understand fluid mechanics it simply navigated a continuous search space previously mapped out and constrained by the monumental work of human mathematicians like tristan buckmaster/ levent alpöge / diego córdoba or tarek elgindi coordinating 10000 agents to check the logical consistency of a 100 page proof via lean is a software engineering feat and computational parallelization triumph not an intrinsic scientific discovery it is the victory of the compute bulldozer over abstract human intuition repackaged for the public as a higher mathematical consciousness
to this theoretical imposture you add a disgusting ethical and industrial cynicism taking advantage of private codex sessions and informal preprints from academic researchers to siphon their research leads and then trying to redact or erase the contribution of levent alpöge under the pretext that he works at rival anthropic is intellectual serfdom openai behaves like a feudal lord of silicon appropriating the cognitive subsistence of independent scholars threatening their careers behind closed doors if they protest and turning community academic labor into a privatized pressrelease
this entire staged event serves a desperate financial agenda in a pre ipo panic facing the slowdown of scaling laws and growing investor skepticism over the profitability of foundational models openai needs to manufacture an artificial sputnik moment claiming to solve a millennium prize without immediately submitting the proof to traditional peer review means using the prestige of fundamental mathematics as cheap marketing fuel to inflate a delusional valuation!!!
real science is not a clout chase on social media or a compute spike spent to rob the clay mathematics institute it is a quest for elegance physical truth and universal rigor to decode reality true artificial intelligence will not emerge from hostile corporate takeover of academic work hidden behind computational bruteforce but from architectures capable of generating new conceptual paradigms by masquerading constrained formalization as the collapse of physics greatest mysteries you did not solve navier stokes you only proved how far silicon valley will go to prostitute scientific integrity for capitalist spectacle