https://windbornesystems.com/mission

- existing models are profitable if cutoff future training and focused on inference

- debt is senior to equity

- if my life depended on one company not going bankrupt over the next decade I’d pick OAI over Citibank

- banks use revolving credit as a break even or loss leader for higher fee business

- high fixed cost businesses use debt and equity to scale

- lead investors would very rarely pay down the debt of an investment, that’s not the backstop

- unlikely for revolving credit, but a convertible structure could mitigate any perceived asymmetric downside

They are printing money selling shovels to goldminers, but any blacksmith could make a shovel if shovel co. stopped selling. Whereas if Nvidia stopped providing GPUs its far more difficult to source replacements, spelling doom for its customers.

OpenAI etc would have a far harder time finding or developing a new source of GPUs than Nvidia would have poaching ~50 researchers that could bring it to model performance parity.

With all the GPUs going forward, Nvidia would have the best model and be market dominant over Claude Chatgpt etc. Wouldn't a certain shot at being the "winner of AI" be a better outcome long term than being a highly compensated enabler?

Comments URL: https://news.ycombinator.com/item?id=45129012

Points: 2

# Comments: 6

1) much cheaper due to none of the tax and fee apparatus local govts attach to hotel stays

2) the ability to “stay like a local” in neighborhoods where residents live instead of hotel neighborhoods like Times Square , fisherman’s wharf, soma etc

1 is completely gone and has maybe gotten worse than hotels. 2 still holds to an extent but you mostly find professional spaces

For the founder, have you thought about doing away with the 1$ for friction reduction while you scale given how tough the switching decision can be?

For the founder, have you considered using ACAT in incentives as a differentiated acquisition tool?

For the founder, are their “moments” people often switch their brokerage you could target aggressively? Ie I imagine Johnny software, 28 , is a hard sell to sit down and port their holding over from fidelity to save a couple of BPS, but maybe people starting their first job? Setting up a retirement plan? What’s your target “moment”?