@Hedgeye Let’s be clear what this is. The banks and hedge funds that provided Musk with liquidity to buy Twitter and to fund SpaceX and now want their money back, and they’re changing the rules so that retail investors are left carrying the can.
It’s a travesty.
When will people understand that this predatory pricing model will always be true of anything coming out of Silicon Valley? It is literally their only model. 1. Operate at a loss so everyone signs up 2. Wipe out competitors 3. Slam users with profane monopolistic costs
@DoctorLemma See Samoan Ifoga - the apologiser sits under a traditional mat (in darkness, typically at night) until the apologee accepts the apology. Bigger the transgression, longer the wait. (https://t.co/pm1jbjYeE7.) As seen here in the film The Orator https://t.co/bQpSYQ3kGP
Today’s free newsletter is about how LLMs are the perfect grift to exploit an economy dominated by do-nothing managers and executives disconnected from any real work, and how the facade is crumbling as companies pay the true cost of AI.
https://t.co/X7qmNMFjYm
CEOs are quietly realizing the AI replacement plan has a problem.
Two problems, actually.
One: the token costs for running AI agents are now exceeding what they were paying the employees they fired.
Two: when the tokens run out, the AI stops. Just stops. No continuity. No workaround. Just a spinning wheel where your workforce used to be.
You fired humans to save money and bought a subscription that bills you into a corner.
The employees you let go knew what to do when things broke.
The AI just invoices you for the outage.
And then there’s the permission problem nobody wants to talk about.
To do its job, the AI agent needs access. Full access. Your systems, your patents, your contracts, your future plans. Everything you spent years building, handed over to a process that has no loyalty, no discretion, and no skin in the game.
You didn’t hire a replacement.
You gave a stranger with no soul the keys to everything you own.
Enjoy.
A judge has ruled that corporations can vote in some Delaware elections.
Delaware Superior Court Judge Craig Karsnitz said the town of Fenwick Island was not diluting human votes by allowing companies and other legal entities that own property to cast votes in municipal elections.
These "legal entities" and corporations make up about 12% of registered voters in the town.
In total Delaware has far more corporations chartered in the state than residents.
Judge Karsnitz rejected the constitutional arguments of the ACLU, including the claim that "entity" or corporate voting dilutes the political power of living people.
NZ actually has fewer public servants per capita than comparable countries and there's a strong argument that our ministries under-serve the public. I hoped for better.
Lol - little Simeon humping Luxos leg hard on this.
The agreement secures nothing but agreeing to talk.. as per MFAT. Its performative politics and barking at cars he accuses others of.
I’m yet to see Labour welcome today’s world-first agreement with Singapore protecting fuel and food supply for Kiwis.
And I’m yet to see them welcome New Zealand’s increased fuel stock holdings from today’s fuel update.
Or do they only comment when fuel stocks naturally fluctuate down slightly?
A third of our fuel is refined in Singapore, and this deal locks that supply in. Sounds like Labour would rather bark at passing cars than back action that protects Kiwi families.