HN user
It's also a head-ache for options traders because some options models (black scholes) have log-normal pricing baked in which don't actually allow for the underlying asset to go negative. So nevermind worrying about taking delivery, your HFT options desk just had their algo blow up.
I find the Libertarian obsession with Argentina quite curious. There seems to be this view that Argentina is massively over-regulated with massive government and that if you strip that all away Argentina will be a power house of productivity and wealth. The problem I have with that is... that's not libertarianism. Thinking that Argentina should be regulated and taxed a bit more in line with a modern liberal European democracy is not a demonstration of the successes of Libertarians. I would think that the libertarian would be far better pointing at a low regulation, low tax economy and demonstrating how reduced regulations would help there. Maybe for example, take the US banking regulations and strip them away - if the libertarians are right, we'll see a boom lifting all boats. If they're wrong we'll see a string of notorious and massive scams ripping of the average American. Unfortunately that'll never happen so I guess we'll never know.
I think this is a simplistic take. In companies where there are clear management structures there are clear and obvious ways for managers to fuck around and play politics. When there aren't clear management chains, people with probably similar characteristics fuck around in different ways - it's just less obvious to some people.
Management is a tool used by people with their own motivations to acheive their goals. But a lack of management lets those same people acheive those same goals in different ways. Whether that's starting up duplicate projects and products, causing chaos and confusion by inserting themselves into topics that don't concern them, or simply picking fights. The same people get along in any organisation, the tool of management is just the easiest to spot from below.
That's not really possible. If you're writing a dissertation and find that some of the important foundational work you're building upon is wrong you can't just ignore it. If it's wrong, you need to say it's wrong in order to justify why you've chosen not to consider it in your dissertation. If you can't claim it's wrong, then you have to use it in your dissertation otherwise you're going to leave yourself open to criticsm that your dissertation ignores important prior work in the field. So the only choice you have left is to write your dissertation built upon work that you know is trash, and then if you do later choose to publish criticism of that work you're essentially trashing your own dissertation. And of course, none of that matters, because you're still going to face professional consequences when you choose to write the separate paper disputing the famous paper.
Non mainstream are they guys who are accidentally being directly paid by Russia...
Sorry but I don't think you understand the newspaper business. Bezos bought the entire Washington Post for $250m. Amazon has a market cap of $2T of which Bezos owns ~9%. The capitalist incentives are very clear, the market dictates that Bezos should do practically anything to WashPo to help Amazon. Let's say that WashPo drop to 0 value, that would be a real shame! And I'm sure Jeff would sigh really quite loudly while sailing his megayatch over to Blue Origin where they're working on that $3.4B contract for Nasa that Trump could cancel any minute. That megayatch? It cost him 2 Washington Posts to build.
I don't know what you think market forces are going to do here?
I have some sympathy for the view that we've just handed back some of the gains, but I don't understand the attitude about sanctions. Russia is a small economy. A small economy who primarily exports gas & oil to eastern europe. If there really is a peace deal and sanctions are lifted, I don't see how that positively impacts the US? It means cheaper oil for eastern europe (pricing out some of the US nat gas exports), almost certainly higher deficit defence spending across Europe (on local heroes, no one is trusting the US for security). Other than "good news markets go up" is the logic behind thinking a peace deal would drive US markets? A laughably theoretical deal for minerals?
I think it's actually valuable to hear from one of the former Tory ministers who was in favour of the bill says[1]. I don't necessarily agree with him, but it's interesting to hear he essentially argues that you don't have the security you think you do. If a bad actor wants to pwn you they'll do it on your device and you can't stop them. I think that's broadly true of some actors. If you personally are being targetted by a motivated opponent then yes, they will likely target your personal device first and then encrypted cloud is essentially moot. It's also an interesting idea to not say "We need this to tackle CSAM" but instead to say "We need this so that these companies can't enable CSAM whilst claiming to be unaware" - I think on a practical level that does hold more water.
At the end of the day though, he doesn't address the clearest problem with these backdoors which is that the payoff value of being able to blanket unencrypted cloud data is of such high value it's extremely likely to get exploited, and for the average person you're more worried about being exposed as part of a broad attack on infrastructure not a targeted attack on your individually.
It's also pretty difficult to give credence to the idea that they need this tool to tackle CSAM or organised crime. The reason you can't believe that is because they don't tackle CSAM or organised crime by and large. The UK government simply hasn't prioritized policing that, so we're not in a context of "we're doing all we can but we need more powers", we're in the context of "We can't be bothered, curtail people's rights so our job is easier". I'm sure Apple is not in favour of CSAM, but Apple isn't a member of the British police responsible for investigating and tackling CSAM, why are we trying to recruit them to be?
I wonder how much stock people put into people like Andrej's opinion on an Elon Musk project? I would imagine the overwhelming thing hanging over this is "If I say something that annoys that man, he is going to call me a pedophile, direct millions of anonymous people to attack me and more than likely will attempt to fuck with my job via my bosses".
Let's say the model is mediocre. Do you think Karpathy could come out on X and say "this model sucks"? Or do you think that even if it sucks people are going to come out and say positive things because they don't want the blow back?
And one of the strongest militaries in Eastern Europe with a whopping 4.7% of GDP providing an independent bulwark against Russian aggression - fulfilling the exact role that Trump claims to want in Nato.
If you're getting so many applications that you have to apply such a harsh screen that you're likely losing most of your good candidates via false negatives then you shouldn't be soliciting more applicants to apply. This is what this thread is about - if you're saying these guys are getting so many applications they have to start just brutally cutting CVs almost arbitrarily then they definitely shouldn't be posting on HN about their vacancies. Not least because they're poisoning the well.
This is a real issue - I once got approached by a recruiter for a company, it was a good fit, I think I would've walked the interview and been a great hire - I'd heard of them before. The founder had acted like a dick head to one of my friends, I just immediately turned it down. There is a cost to very publicly treating people poorly. People don't seem to understand that these things that big companies might get away with due to scale, smaller companies cannot. People talk.
It makes total sense for a startup to be highly selective. But being overly selective at the CV/application stage is dumb. If they really do have some really highly specialized requirement that should be on the advert. If they don't then being having a high rejection rate at the CV screen stage is going to be easy - it's easy to reject people, but you're overwhelmingly likely to screen out the few candidates that are actually a good fit. So sure, expect a low success rate but a low reply rate is an indicator the company isn't serious about hiring.
The excitement isn't the capabilities of the model, it's how efficiently it was created. One of the major lessons in AI in the last couple of years was that scale mattered - you would want to throw more and more compute at a problem and that has turned into incredible share prices for Nvidia and incredible investments in data centre and energy generation. If it turns out that actually we didn't need quite such incredible scale to get these results and actually we were just missing some really quite basic efficiency optimizations then the entire investment cycle into Nvidia, data centres and energy generation is going to whipsaw in an incredible way.
I think about this quite often. What I'd really like to study at some point is: How much more does the receptionist at JP Morgan's head quarters make than the receptionist at Walmart's headquarters?
Because fundamentally I think there is an effect where the people in proximity to lots of money earn more. Obviously the Walmart receptionist and the JP Morgan receptionist are doing basically the same job. But the JP Morgan receptionist is surrounded by people who wouldn't think twice about doubling the receptionists pay and I would imagine that has a significant effect.
Does that matter? Waymo solved FSD. The technical detail of the implementation is moot.
I'm surprised this article doesn't mention the elephant in the room. With Musk's influence over the Trump administration it seems overwhelmingly likely that Tesla will achieve Full Self Driving by changing the regulatory framework to allow whatever Tesla currently has to be called (and used as) self-driving. It's that simple. Will your Tesla suddenly become an autonomous vehicle? Well obviously not you cant just change the regulations and hope reality accomodates you.
So what we'll probably end up with is real self driving Waymos all over the place and fake self-driving Teslas that 'self-drive' as long as you're still really driving.
The only real concern I have is whether Musk exploits his position to impact the regulations to push both Waymo and Tesla into a bucket called "self-driving" where they get categorized the same and both still require drivers, essentially using the regulations to knee cap any rival that is ahead of Tesla.
The other side of it is that I think we'd all be very happy if Musk went back to just lying about his electric vehicles.
Here's my guess what would happen: Youtube will have a word with their contacts in government and in short order you'd end up in a court room for some nebulous federal crime about malicious use of computers and hacking and they'd have no concerns about locking you up for decades. Oh and absolutely nothing about Youtube's attitude to copyright would change.
Take a look at Aaron Swartz's case for example, people may be sympathetic to his motives but he still got pursued for a 50 year federal sentence and ended up killing himself.
I think it's pretty pointless to discuss the pretextual judicial justification for something that is just raw politics. Trump will decide if Tiktok is banned, it's as simple as that. You don't need to analyze the supreme court case, it doesn't matter. If Trump is motivated to get rid of it, he'll find a way. If he doesn't want it sold, he'll find a way. What exactly is the supreme court planning to do if Trump just ignores the ruling? What exactly is Tiktok planning to do if Trump chooses to attack it? Trump has all 3 branches of government and is constrained by no norms. He can simply do as he likes and focusing on the legal arguments just looks a bit silly.
Come on now, even the author is pretty clear they're making compromises. Whether that's slower internet speed, lower quality display, worse battery or inability to run modern apps/web apps. There are a lot of ways in which this is making a trade off to priortize cost vs productivity. Sure, you can say all the ways in which the old laptop is inferior are unimportant, but I would atleast like to see some serious consideration of it.
I was surprised at how little the author mentioned their actual experience using the laptop. Some things haven't changed and that's fine. I'm sure you can do word processing on that machine, but there are areas where you can't control the fact the rest of the world has moved on. How does the average website appear? Can you browse youtube? Can you actually log on to internet banking? Do you have to disable scripting on websites in general? How bad is the screen? What's the wifi speed like?
Also, given that this is the author's work laptop, what's the economic justification for not investing in the primary tool you use for work?
I'm not saying it doesn't work. Especially for early careers people, it works absolutely fine because the requirements are reasonable and the scope is largely within the employees control. For later stage employees, it's usefulness tales off massively. When you get to senior levels your ability to fulfil the requirements gets further and further out of your hands and often if you want to pursue the promotional criteria you're actually going to have to deprioritize delivering value to the business to prioritize engineering situations where you can meet the criteria. A lot of the senior goals are basically politics.
These frameworks serve 3 purposes. The first purpose is to have something concrete to point at so your employees don't sue you over unfair practices - they create a paper trail for management to operate and build evidence that what they are doing follows a meritocratic process (whether that's true or not is irrelevant, it's purely a legal concern). The second purpose is to motivate employees who want progression by setting up a goal posts for them to shoot for so that they try harder and don't leave, but vague and subjective enough to deny you the promotion for a least a cycle or two. The third is that there's all these bloody HR and middle management people hanging around and they need something to do.
So the only way this process is relevant to you is that your manager might want to look good to their manager by demonstrating that they're "developing" your "talent". It's a nice favour to your boss to let them pretend their job isn't totally meaningless in this respect, but I'm in the same boat as you, I couldn't care less about progression.
I'm getting so interested in the meta dynamics of this. The ability of the Chinese company to just openly state "we're working on this because it's interesting" rather than the US version "We want to wrap the world in puppies and hugs and we love you all and it's just a really embarrassing mistake I ended up buying myself a Koenigsegg and fired all the scientists from my non-profit board". To apply the same scepticism to the Chinese CEO - you can't threaten the monopoly of the Communist party so you have to pretend you're less capable than you are.
I don't think there's any doubt that China can produce some level of tech innovation, I do wonder if it can be sustained and exploited since we saw the damage that went on with Alibaba. Although maybe that's looking like a more reasonable approach when you see the danger of the opposite happening in the US.
What I'm saying is the pie is getting bigger, inequality can increase too and that you probably are still better off. If Youtube doubles in size next year, and Mr Beast increases his share of that from let's say 1% to 2%, the remaining 98% is still bigger than the 99% that was shared amongst everyone else last year.
You may look at that and say well that's not fair, most of the benefits are going to Mr Beast - and they are, Mr Beast would have done very well in that scenario. But you're still better off than before. Are you better off relative to Mr Beast? No. But Youtube doesn't owe you that, that's not a reasonable benchmark. If it gets to the point that you're getting worse off, then maybe move to somewhere else, but expecting these places to be good for you in perpetuity is a mistake, and refusing to engage because you fear they won't be good for you in perpetuity is also a mistake. The total benefit of us all engaging makes the pie much bigger, and you almost certainly will get a bigger share of that than by refusing to partake in the pie at all.
Again you've gone straight back to zero sum thinking. There's no reason Alphabet keeping Mr Beast happy has to be bad for you! It might be good for you! It might be - in fact it almost certainly is true - that the changes that Mr Beast gets youtube to make might be good for everyone.
The network effects of the platform are massive. 90% of that surplus can go to Alphabet and it still be a good deal for average creators. Mr Beast, you, me anyone can go and rent a server tomorrow and start serving their own videos. People still choose to go to youtube because there's just so much surplus value there.
To answer your question directly: EVs aren't more expensive to service than ICE vehicles. If you piece together the quotes from various high level Hertz people, the problem is just that repair costs for accidents for Teslas are around 2x the cost for other comparable cars. And the reason for that is largely that Tesla doesn't have the large parts and repairs network that the traditional dealers have.
According to Johann Rawlinson, Hertz VP of Investor Relations, "collision and damage repairs on an EV can often run about twice that associated with a comparable combustion engine vehicle."
In fact, according to Stephen Scherr, Hertz's CEO, "there's quite a bit of the cost element that relates to the Teslas as opposed to others." Scherr pointed to GM's EVs, which benefit from a larger parts and repair network nationally and lower parts and labor costs for repairs. Note that a full 80 percent of Hertz's EV fleet is Tesla models.
https://www.motortrend.com/news/hertz-ev-fleet-sale-tesla-re...
If Youtube put Mr Beast out of business today, they would still have paid him an enormous amount of money over the course of years. Not to mention the hundred million dollar Amazon Prime deal that came out this week, and his Feastables brand.
This isn't an academic exercise, do we see anyone outside of the platforms gaining the success that the creators inside the platforms do? I'd be happy to note anyone I've just totally missed, but these platforms really do actually work.
I think the entire attitude of the author coming in to this is wrong. It's zero sum. It's an assumption that you're either gaining from the platform or the platform is gaining from you. This is wrong. The platform has network effects that make everyone well off. Google owns Youtube, yes it gets enormous value from creating/owning the platform. But Youtube isn't exploiting Mr Beast, Mr Beast also gains enormous value from the platform and provides enormous value to the platform, it's a symbiotic relationship.
Sure, it's true at some point that the Platform could, for whatever reason, decide it would rather suck you dry than continue the symbiotic relationship, that does happen.
But here's the core of the problem - by putting yourself half out of the platform, trying to direct people off to your own website, by gating your content etc. You are damaging the platform. All that massive surplus that is created by having everyone in one place sharing in one common way? It won't exist if you're not participating in it.
I can open a shop in the centre of london. I'm going to pay high rents, but I'm also going to gain massive benefits from all the people in London who can come and buy stuff from my shop. It's a win for everyone. You're going to open a shop in the centre of London and when someone walks in the front door you're going to say "Oh well here's all the stuff I sell, but to actually buy it you need to come visit my farm in Norfolk". You see how this doesn't make sense right?
And laying aside whether you should do this, any platform that wants to survive is going to massively penalize your behaviour because you're freeloading, you're damaging the platform. You want surplus but you don't want to let anyone else benefit.
I don't think you're analyzing this right. The web browser itself has no defensible moat. The reason that Chrome is winning is because Google has a massive money printer in the basement run by 3 guys and a hungry Alsatian (trained to bite anyone who messes with the money printer), and then 100,000 smart engineers desperately trying to find some application to throw that money at.
The result is Chrome, Google invests in it because they don't want to be intermediation between them and eyeballs - it's a strategic play, not necessarily a direct money maker. So that's why they do it. But there is no moat, they have the number 1 browser because they spend enormous sums of money hiring top engineers to build the number 1 browser.
And this has been true of the browser for a long time, Internet Explorer won because they forced people to use it and used a tonne of anti-competitive practices to screw the competition. Firefox still managed to disrupt that simply by building a better product. This is the clear evidence there is no moat - the castle has been stormed repeatedly.
Yeah I wonder if it has any interaction with the NK economy at all. Presumably it translates into weapons imports or black market luxury goods imports?