On the other hand: the usefulness of LLMs will always be gated by their interface to the human world. So even if their internal communication might be superseded at some point. Their contact surface can only evolve if their partners/subjects/masters can interface

But that's not what OP was contesting. The statement "$LLM is _doing_ $STUFF in the real world" is far less correct than the characterisation as "super-charged search engine". Because - at least as far as I'm aware - every real-world interaction had required consent from humans. This story including

If you are interested in the mechanics, then _I think_ (i.e. not first hand knowledge) the operator will join each auction (once per day for each 15 min interval of the next day) and offer his energy amount there. He will then receive the integral of (auction price) times (volume) from “the grid”. If that is too little money he then goes to the government and asks for a top up to (contract price) times (volume). If that was too much he has to pay the government the difference.

But again. That is purely mechanical. The end effect of the contracts is you will always receive say 80£ per MWh delivered. Independent of the MWh was worth 500£ in that 15 min interval or -50£. It’s “just” a risk transfer

Ah I’m seeing a possible confusion. There are two different auctions in the description. The first one is for the CfD price and happens (for each project) once. The second one is the daily-price-discovery one and happens daily

From the first two you can calculate what you need in terms of £/MWh (include whatever profit you want in there). Now you can go to the government and bid that price in the auction. If you win, you have a safe profit and all risk (and upside potential) now lies with the government. As GP said, in the case of 2022 you would have lost out on revenue. But that’s the price foe guaranteed margins

The CfD part is a technical detail. It ~ doesn’t matter whether you first sell the energy and then go to the government for reimbursement. Or whether you sell the energy to the government which then handles the follow up sale.

What I’m not sufficiently familiar with is whether you _have_ to go to such an auction (i.e. whether the auction also is the mechanism of capacity planning) or whether you are free to bypass this system and just hook up your wind park and carry the risk yourself. But functionally this is an insurance scheme for profits, with a market based pricing system

Whether it will be possible to be cheap enough operationally is an interesting question though. The price of an (autonomous) taxi is (probably?) largely lower bounded by cost to build the system divided by the number of times it's used. And that means the denominator largely scales inversely with trip length. So it might still be too expensive to offer hotel-price level fares for night-long drives

Erdogan send a letter of apology to Putin and did a bit of grovelling to alleviate some of that

Most importantly of all: Turkey was left alone by NATO. Yes, there was no great confrontation. But that doesn't mean there is no price to pay. Real life isn't a video game. These kinds of low-level confrontations do not result in large scale war, unless at least one side wants that war. Another example of those is the Kashmir region. There it happens regularly that Indian and Chinese troops fight. That has lead to both sides agreeing not to have those troops have rifles only clubs, but not to a large scale war

We can quibble about whether the term "threaten", which implies some moral wrong doing, is correct though. It's a law with defined criminal penalties. That's how criminal law works

Comments URL: https://news.ycombinator.com/item?id=45815419

Points: 567

# Comments: 491