tldr: they are trying hard to change S&P500 inclusion rules so that they dont have to wait 12months after going public so they can list mega-ipo asap in force index funds to buy a portion (presumably before revenue exponential growth settles and profits start tanking due to opensource catching up). They know something that we dont.

btw if they are public and part of S&P500 then potentially they'll be a candidate for a bailout.

Oh an wait till ad companies start selling your healthcare data and you will see how fast things turn 'given a choice'.

Let me put it this way, IF AI is a bubble then I'd like it to go bust asap instead of dragging along and going public and then us discovering BS/creative accounting revenue in S1 filings. by then it would be much worse. Right now VCs and PE firms will absorb it all.

The thing with dot-com was that there was actual public market corruption & euphoria. that caused the bust painful for everybody. RN its bigtech & PE how has heavy cash reserver and margins to bun through. I'd much rather have them take it then average 401k.

BTW its not just left here, I originally hail from India and you can feel the pin-drop silence from left on Iran there too. They just hope the rebellion gets crushed by regime like other ones and they'll pretend status quo.

My TLDR takeaway: Muslims only care about when they are oppressed & Left is completely aligned with them right now.

Asking 300M people to leave country and move to europe instead of fixing problems here is just stupid and at best a shoddy attempt at victim blaming.

... It then occurred to me that they (all major AI companies) know all of these facts (uneconomical costs) but still pushing for it so there must be another reason. Then I recalled the offhand statement from the openAI lady about govt backstop for infra, which was strongly opposed by public and AI czar. this might be be a backdoor way of injecting that backstop capital in terms of subsidies now for results in 5 years or so. and needless to say after pilot programs those will fail spectacularly.

It then occurred to me that they (all major AI companies) know all of these facts but still pushing for it so there must be another reason. Then I recalled the offhand statement from the openAI lady about govt backstop for infra, which was strongly opposed by public and AI czar. this might be be a backdoor way of injecting that backstop capital in terms of subsidies now for results in 5 years or so. and needless to say after pilot programs those will fail spectacularly.

the reason I don't want a typical union is because they work out well where there is a clear separation of labor & capital. labor get paid wages & capital makes money off the invested assets. problem with tech is that in a tech ventures labor is a part owner and capital too (engineer equity). introducing a 3rd party (unions & union leadership) in these situations will likely have the worst effect on the capital portion of labor & possibly eroding the incentives altogether. Imagine having a set of union rules to follow when distributing equity to early stage engineers? how do you decide equitable when by definition you are on cutting edge of tech & innovation. & if you think that wont happen you are mistaken, that is where the biggest pie is and unions arent exactly 'shining beacon of honesty and integrity' either. Look all I want is just some basic labor laws are followed and tech employees dont feel the panic when they hear slack-chime on a weekend night.

there are other mechanisms like state level enforcement of labor laws and punitive fines. you know the good old law enforcement. its really not so hard if you actually want to do it.

I fear the time for fixing this is passing fast. Its because within a decade AI will have enough of labor displacement that labor wont have any negotiating leverage against capital. If this happens with union, so be it.

Circular thing is bad too but from a different angle, Imagine if the whole TPU vs GPU thing erodes Nvidia's moat and its profit margins compress. if that happens how long it can keep feeding the same unproductive 'pets.AI' type startups? one break in the narrative and tragedy of commons strikes. will it happen soon? anybody's guess but given Trump is at helm and there is going to be new Fed chief, I doubt it would be anywhere near soon. Definitely not before mid-terms are locked in.

the reason it would be cool is because then we've taken a most fundamental geometric constant and derived it from purely graph update type of mechanics. if you could do that then likely you can do a whole set of other things like physical laws.