HN user
Are you a financial analyst by any chance, because the "here's a few facts, interpret how that's going to impact the market yourself" is very on-brand.
What do you want him to say?
1. De-dollarization is all Trump’s fault
Or
2. The world is reacting to Trump putting America first
Has Nadella had one original thought? He simply passes through whatever the board orders.
No.
But for mega-tech CEO salary, I’d probably do exactly the same.
You can have all the weird lifestyle preferences you want that don't involve conspicuous waste of natural resources and accelerating anthropogenic climate change.
you’re right.
but I’m still not changing my habits. fuck the environment
and several people with mortgages and children made it happen.
Solution seems to be don’t have kids.
Then the employees are less scared of losing their jobs and can push back against management’s idiotic AI requests.
You will pay a cloud subscription to perform anything remotely computationally taxing.
What’s wrong with that?
Agreed. Even xAI's (Grok's) access to live data on x.com and millions of live video inputs from Tesla is a moat not enjoyed by OpenAI.
Tesla does not have live video feed from (every) Tesla car.
Fines should be designed to make it uneconomical to continue to reoffend.
Great. Fine me $1 million, and I will fight the case with lawyers, thus slowing down the public legal system for thousands of other legal cases, whether traffic related or otherwise.
The term for that is false advertising.
No different than Elon Musk claiming self-driving will be deployed to all Teslas in 2017; 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026.
I so much hate it that we have built an economy where companies believe the best way forward is to cram ads into everything instead of building better products.
Blame the consumers.
They don’t want to pay for monthly subscriptions because “economy is tough”
They are also tied for first for having the highest cost of living.
Who cares?
Absolute savings rate and net worth are what matter.
Any European will gladly live in America for US$1 million/year income even if the cost of living is US$300k/year.
Being pompous and self obsessed requires none of those things.
Sufficient, but not necessary
The next step forward has been to stop moving scooters to power and instead bring power closer to where vehicles operate.
Asia already has swappable batteries not just for bikes and scooters, but also motorcycles and even some cars.
This is in addition to slow-charging bike stations (similar to CitiBike in NYC) and scooter parking with wireless charging.
You just made sure only people who can afford to live near work are hired.
And what’s wrong with that?
Is every person on earth entitled to a job?
If yes, voice your concern with your local government.
I've always assumed peer review is similar to diff review. Where I'm willing to sign my name onto the work of others. If I approve a diff/pr and it takes down prod. It's just as much my fault, no?
No.
Modern peer review is “how can I do minimum possible work so I can write ‘ICLR Reviewer 2025’ on my personal website”
There are no exchanges where market makers get any kind of priority to bypass the FIFO queue.
Nope, several large, active, and liquid markets in the US.
Legally it’s not named “bypass the FIFO queue”. That would be dumb.
In practice, it goes by politically correct names such as “designated market maker fill” or “institutional order prioritization” or “leveling round”.
That sentence alone tells me that you're a LARPer
cope.
Equity options are sparse and have 1 order of 1 lot/qty per price. But usually empty. Too many prices and expiration dates.
US treasury bond cash futures (BrokerTec) are almost always 1 lot orders. Multiple orders per level though.
I could go on, but I’m busy as our team of 4’s algos are printing US$500k/hour today.
If you actually were in the industry, you would know that most retail traders don't fail, because they lose a tick here or there on execution
Where did I say “retail trader”?
Because “institutional” low-latency market makers trade 1 lot all the time.
but for various reasons can end up flopping when actually executed in the real market.
1. Your order can legally be “front run” by the lead or designated market maker who receives priority trade matching, bypassing the normal FIFO queue. Not all exchanges do this.
2. Market impact. Other participants will cancel their order, or increase their order size, based on your new order. And yes, the algos do care about your little 1 lot order.
Also if you improve the price (“fill the gap”), your single 1 qty order can cause 100 other people to follow you. This does not happen in paper trading.
Source: HFT quant
We gave each of five LLMs $100K in paper money
Stopped reading after “paper money”
Source: quant trader. paper trading does not incorporate market impact
you can write all you want about an AI bubble
Bubble =/= useless
Bubble means over-hyped
Were Xerox, Dec, or Apple burning investor money by the billions of dollars?
Shhh. You are not allowed to ruin OpenAI’s PPU value. Can’t make the E7’s feel bad.
I guess that's mostly true, but why does Jane Street get to have a moat in models but LLM companies can't?
Common misconception by people outside quant trading.
Modern “alpha” in trading does not come from better models but rather business connections with exchanges and regulators for preferential fees and/or revenue agreements.
If you are a “lead market maker” like Jane Street for ETFs, you can effectively skip the FIFO queue that retail traders and large passive index funds (VTI, VOO) must wait in.
Citadel has exclusive contracts to execute PFOF trades with e.g. Schwab. Even a simple exponential moving average model can be profitable with such a business arrangement.
OpenAI and Sam Altman tried to cut a deal (threaten?) with the US government, but looks like US government called Sam’s bluff.
A citizen being rounded up by the state and bundled off to a foreign country illegally and with no process is absolutely kidnapping regardless of how much you want to pretend otherwise.
You realize half of Americans literally don’t care right?
But I respect your effort for trying. I will stay on my gaming chair and do nothing (won’t vote, won’t donate, won’t raise awareness).
If Apple can build an ad system within the app store, I don't see why OpenAI can't do that for ChatGPT.
Because Apple iPhone users have no alternative.
But Google Gemini is right there for Gmail, Google Docs, and Google Workspace users.
What makes you think this couldn't make money?
Because advertisers will use Gemini instead.
Advertisers already have established relationships and business processes with Google account managers.
Why bother starting from scratch with a new account manager at OpenAI? Will OpenAI even last?
At least Google has been around a while. Seems like a safer investment from point of view of advertiser.
The real danger imo is that it could subtly manipulate you during conversations
no shit
MIT Report Claims 11.7% of U.S. Labor Can Be Replaced with Existing AI
Trying to keep the bubble alive
Yeah, ChatGPT is dead now.
Not dead yet.
But definitely bleeding.
CharGPT lost 15-20% market share to Gemini in second half of 2025.
99% of users having no idea what "export chat history" means?
Yet Google Chrome managed to make Safari/Edge irrelevant.
The answer is friction.
Yet non-technical users switched from Edge/Safari to Google Chrome.