This is awful.
Math is a language for understanding the world. As citizens, we should understand why 8% inflation is bad while 2% isn’t a big deal.
These guys want us to be perpetual children, guided in everything by our AI nannies.
Ken Paxton and his allies have spent millions this election cycle on ads that accuse his Democratic U.S. Senate challenger, James Talarico, of helping Chinese investors buy up Texas land.
But before unleashing the attacks, Paxton’s campaign took in $40,000 from donors who work for companies that facilitate the exact kind of Chinese investments he has criticized, according to a review of campaign finance documents by Hearst Newspapers. https://t.co/phceOfCJIJ
Toys R Us was profitable. Private equity bought it anyway, and 33,000 people lost their jobs with nothing.
In 2005, Bain Capital, KKR, and Vornado Realty Trust bought Toys R Us in a leveraged buyout for $6.6 billion.
Here's the part that gets skipped: the company itself was making money. It wasn't failing. It wasn't asking to be saved.
But in a leveraged buyout, the firms don't pay with their own money. They borrow against the company they're buying, and the debt becomes the company's problem, not theirs.
Toys R Us went from having almost no debt to carrying over $5 billion in loans it never asked for and never benefited from.
Every year after that, a huge share of the company's profit went straight to interest payments instead of stores, inventory, or staff. The stores got run down. Amazon and Walmart kept eating market share. Toys R Us couldn't invest its way out because there was nothing left after the debt.
In 2017 it filed for bankruptcy. In 2018 it liquidated completely.
33,000 employees lost their jobs. Store closures. No severance for most of them.
Giovanna De La Rosa worked there for years. She testified before Congress on November 19, 2019, describing what it meant to lose her income with nothing after decades of loyalty to a company that had been profitable the entire time she worked there.
The firms that bought it walked away having collected management fees for over a decade, regardless of outcome.
Here's the sentence that explains the entire model: the buyers cannot lose. The debt belongs to the company. The fees get collected either way.
They didn't buy a business to grow it.
They bought a business to extract from it, and left 33,000 people holding what was left.
No, Sam.
Removing a co-author over their affiliation, or for any other reason unrelated to their intellectual contribution, is academic fraud.
Pressuring someone to do so is academic misconduct.
You have just admitted to it. I hope that's clear.
They're literally SHOWING you if you use their platform, and they see anything they like or want...they'll 'borrow' it.
There is no real IP on OpenAI.
Altman is gonna fool millions of people into developing projects for him, then "borrow" the results of those projects and roll out his own competing product.
Same fucking thing Bill Gates and Zuckerberg do.
It's literally the playbook, and people who ignore how this works do so at their peril.
🦔An NYU mathematician says OpenAI used his own progress against him to beat him to one of the biggest unsolved problems in mathematics. Tristan Buckmaster had been working toward a Millennium Prize proof using OpenAI's Codex when information about his progress reached OpenAI.
Days later, OpenAI published a full proof of the same problem using the same uncommon approach, after burning $22.5 million in compute to get there. When Buckmaster confronted them, exec Sébastien Bubeck allegedly said "Why would you ruin your career?" and "If you don't want me to be nice, then I don't have to be nice."
My Take
OpenAI spent $22.5 million to solve a problem with a $1 million prize. They didn't do this for the bounty. They needed a headline that says "our AI solved one of the hardest problems in mathematics" and they needed it before someone else got credit. They started days after they heard about Buckmaster's progress and took the same uncommon approach he'd pursued for months. That's hard to explain as coincidence.
Buckmaster did his work inside Codex. OpenAI reserves the right to train on Codex data. They admit they can't rule out that his usage helped improve their models. So a customer used their product, potentially handed them the roadmap, and then OpenAI outran him with $22.5 million in compute he could never match. I don't know if any of this was intentional. But if you're a researcher and you just watched this happen, I don't think you'd keep your best ideas inside someone else's product.
Hedgie🤗
https://t.co/1YnggU7xdI
Democrat presidents have been better for the American economy for my entire adult life. Anyone “starting to believe” that has been under a rock the past 35 years.
Pablo Torre really exposed a MAJOR issue in our overall society. Billionaires commit crimes and regular everyday folks really simp and protect them for no reason. What do you gain from defending Balmer and Kawhi? Lol
Right wing scandal: they raped a toddler and bombed a school
Left wing "scandal": they said something accurate that hurts the feelings of the dumbest people in the country