Also from a long-term view its very questionable. How should a model be able to predict that in the middle of a high interest environment, a tech bubble burst and a dumping stock market in general, a new platform called Chat-GPT gets launched that basically carries the whole world's stock market to new heights which causes among other things retail investors to liquidate bonds and other high interest environment assets and flood it into the stock market. It is more than completely of the text-book. That can not be predicted. The million dollar spending guy is at the end the same way off as the guy who simply employs a 100 python line trend-following strategy.

The reason for this 13F filing, as you already guessed to some extent, is that Nvidia is a publicly traded company. As such it is subject to a wide range of SEC filings including those from section 13[2].

Nvidia seems to be a rare case. Acquiring public equity, as a company - especially as a public one, just for the purpose of managing concurrent assets, is very unusual but not out of the question - just away from the textbook. Given the fact that its ARM, whose acquisition failed before Nvidia filed the 13F, it could also serve some other purpose, e.g. showing that interest is still present.

[1] https://www.sec.gov/divisions/investment/13ffaq#:~:text=Bank....

[2] https://www.legalandcompliance.com/securities-law/sec-report...

>> Every company in the United States

Sorry for being so fussy but I highly recommended changing the word 'company' / not using it in the future, as the title is quite misleading. No private company in the US has to register with the SEC or has to file with the SEC. 'Investment advisors', who also go by other aliases like 'asset manager', have to file a 13F filing only if they a) are registered with the SEC due to fund marketing purposes and b) if they have, as you already mentioned, over $100 million dollars under management (not 'in holdings'). This is also why large family offices (.e.g. Bayshore Global Management of Sergey Brin) won't show up in any SEC records as they meet the second but not the first criteria - same goes pretty much for any non asset-management company (e.g. McDonald's) as they do not raise money for fund vehicles. However, you have take this into account on your website, and further below you wrote "money manager" which is correct in finance jargon.

I hope this gives you a better understanding, keep up the great work.

Every industrial revolution and its resulting automation has brought not only more jobs but also created a more diverse set of jobs. Therefore also new industries are created. History rhymes, the ruling fears in such times have always been similar. Claims are being made but without any reasonable theories, expertise or provable facts (e.g. Goldman Sachs unemployment prediction is absolute bs). This is even more true when such related AI matters are thought about in more detail. Furthermore, even though employing tens of millions of people probably, only a few industries like content creation, movie etc. are affected. The affacted workforce of these industries is highly creative, as they are being paid for their job. The set of jobs today is big, they won't become cleaning staff nor homeless.

This technology has also to proof itself (Its technical potential is unlimited but financially limited by the size of funds being invested, and these are limited)

Transition to the use of such tools in corporations could take years, depending on the type and size and other parameters. People underestimate the inefficiencies that a lot of companies embody - and I am only talking about the US and some parts of Europe here. If a company did their job for 2 decades the same way, a sudden switch does not happen overnight. Affected people have ways to transition to other industries, educate themselves further and much more. Especially as someone living in the west, the opportunities are huge. And in addition, the wide array of different variables about the economy and the earth, and everything its differing societies are, comes into play: Some corporations want real videos made by real people; Some companies want to stay the way they are and compete using their traditional methods; Corporations are still going to hire ad agencies - ad agencies whose workflow his now much more efficient and more open to new creative spheres which benefits both customer and themselves. They list could go one endlessly.

Lots of people seem to fear or think about the alleged sole power OpenAI COULD achieve. But would that be a problem, would "another Alphabet" be a problem? Hundreds of millions of people benefited and are benefiting today from their products. They have products that are reliable and work (This forum consisting of tech experts is a niche case, nearly all people don't care at all if data on them is being used for commercial purposes). Google had a patent guaranteed monopoly on search. But here we have: an almost non patented or patentable market, an open source community, other companies of all sizes competing, innovation happening and much more. It is true that companies like OpenAI have more funds available to spend than others, but such circumstances have always driven competition and innovation. And at the end of the day, customers are still going to use the best product they have decided to be so.

I know I may be stating the obvious but: The economy and the world is a chaos system with a unpredictable future to come.

Nope, this is absolutely false, it is exactly the other way around.

I am not quite sure what you are trying to accomplish with your whole comment. It neither makes sense nor is it strictly related to what I just posted. Did you want to debate an argument of mine, just post your personal views about labor in general or simply troll? I am always open for a discussion.

Besides are labor unions (you are referring to the British english version) heavily involved in labor and wage discussions in the USA. The US is literally a labor union hell, so I don't get your point on that matter either.

No minimum wage is what creates competition between companies, all industries affected by minimum wages already have and will have shitty wages for ages to come. Switzerland as an example is a country where cleaners (CHF 4K a month on average) without any serious education earn a bit less than a well educated professional mechanic and 2x more than a local branch bank employee in Germany, simply because of no minimum wage restrictions (also after monthly living expenses in Switzerland which are relatively high in certain aspects).

Meanwhile a guy somewhere in Africa adjusting an answer probably stating that humans can do photosynthesis: bruh

There is no such thing as 'operate at the expense of others' in this case. Again, nobody forces you to buy at amazon. There is nothing illegal with setting requirements for a seller, e.g. not selling at a discount elsewhere. If you do not wish to sell on amazon you can freely choose to sell at any other store. If one is whining about not having the same reach: Nobody has the right to challenge amazon for just being good and demand anything from them. There is no law that gives you the right to be able to do business 'in the land of amazon' at conditions that please you.

Amazon is a private company. The FTC is treating amazon exactly how many people wrongly see it, as a sort of common good - quote:

'Amazon is a monopolist. It exploits its monopolies in ways that enrich Amazon but harm its customers: both the tens of millions of American households who regularly shop on Amazon's online superstore and the hundreds of thousands of businesses who rely on Amazon to reach them.'

(https://s3.documentcloud.org/documents/23991590/read-the-ftc...)

Bureaucrats.....Good luck proofing 'conspiration to monopolize'???. A thing which is not even possible in a free market society. The practices of amazon are in fact competitive - doing everything to kill the competition - a thing every capitalistic incentivized company who wants to become or stay at the top does. Those practices of the FTC are anti-competitive and a huge intervention, their policies is what hurting customers.

Problems get much bigger on mobile which represents most of the worlds population digital presence. If everything properly configured Ipv6 works over ones own network normally as on a pc. But good luck with mobile data. Changing APN settings on android to Ipv6 does often not work / not supported by the ISP.

Daraprim is a very old drug used by about 2k people in the US! So the narratives by the media that gives one the feeling he kills millions is wrong.

97% in the US have health insurance + you get depending on the state your living in an extra charge by the IRS if you don't have one. Martin Shkreli gave the drug away for free if a person could proof that they could not afford it.

People are still dying because of daraprim every few years. But as I said it is a very old drug and has not improved since its inception in the 50s.

The price hike had not the goal that he and his investors could get rich quick (which would be there right as free human beings). The research of a drug and especially the clinical trails can cost several hundred millions of dollars, thus a price hike was necessary to discover a new and better form of daraprim.

There is a reason that rare disease drug sometimes cost a few 100k when only a handful of people need it.

Pharma is a long term game. He can sell daraprim for much more in the future than the $750 of the current version. In the long run he and his investors profit enormously but also the patients that need it since it is more safe.

When you develop a live saving drug, that only 2k people use, you have the right to charge whatever price you desire. People need to see that pharma is a business like any else and is not excluded from free-market and capitalistic principles.

Ìn addition, once you had your daraprim course you are fully healed - you "loose" the customer. Therefore a high price is needed even more to offset the cost and to profit.

Pharma companies put private resources into effort (capital, infrastructure, expertise etc.) for developing a rare disease drugs. Nobody has the right to demand anything from them nor condemn them.

People have to understand that a 'PE' fund and also other alternatives like a 'hedge fund' is simply a private partnership / specific legal vehicle. The term 'Private Equity' and 'Hedge fund' does not even exist in legal terms, it is market jargon. Not only will there never be any regulation but there can't be any. You can't just regulate a certain field of activity that operates solely in the legal world. The private partnership has an agreement to acquire companies, but it could also be about anything else! Giving the fund enough freedom to buy companies, buy land, buy art etc.

A PE fund and a hedge fund are NOT REGULATED by the SEC, they are REGISTERED with the SEC. Their filings are also never checked for correctness, thus only accredited investors (wealthy - e.g. income above 200K) are allowed under law to invest in such private entities if the fund markets itself!

You can not regulate a private investment vehicle in a country takes certain economic and free-market principles and incentives halfway serious. And if the public goes on the nerve of these management companies they just rebrand 'Private equity' to something else.

And don't forget, they OWN the portfolio company. There is no serious argument for regulation that prohibits a legit owner of a company to do a certain activity.

The author and the old guy in the video he linked to behave almost cult-like, especially the old guy: He literally claims that this IS the best method for working with documents ever, the www is a fork of his idea based on a "dumbed-down in the 70s at brown university", he does not understand why it has not already taken off and he thinks its the most important feature for the human race. Really?

If people really see potential in this and work in spaces like journalism and academic research there would be already big programs out there.

Yes it is good to have passion about something and yes it is good if someone has a real need for this and his delivered with a solution, but this will never go mainstream. And in my opinion not even in the segment of technical skilled people like engineers.

This is the typical invention that fits the "I know it is the best thing, I love it and almost pressure people to use it, but it has not taken off the lightest for decades" case.