The Cheshire Cat example is more on target and was amusing to learn about.
13,745 karma · joined June 9, 2015
The Cheshire Cat example is more on target and was amusing to learn about.
What if consolidating AI into a highly regulated cartel, with no chance of upstart competition ruining their position, is the scenario that leads to the worst possible outcome?
Also, when you rotate the device, the ratio changes. This is especially common when unfolding a foldable.
There are zero serious companies collecting $1000 on revenue and sending $999 as a cost of goods sold to Anthropic/AI. It would be unprofitable to even run a proxy to Anthropic on such thin margins. But I digress.
No company was banking $100 and keeping $99 in the "before times" either. These are fantasy numbers not even the most highly optimized software company produced. As an example, Slack famously went public in 2019 and it had revenue of $401M with a gross margin of ~79%, meaning they were pulling in $316M in gross profit. That is the figure before labor, administration, R&D, sales & marketing, etc. They actually operated on a net loss after factoring for those expenses, despite their high gross margin, which is common in high growth startups (Amazon famously ran losses or marginal profits until decades after their founding because they continuously reinvested in expansion).
Credits reduce revenue by all basic accounting standards. You can accuse these companies of fraud, it is within the realm of possibility, but it would also be <1% of their total quoted revenue, so not really worth the heat at the same time.
You are making conflicting arguments at the same time. There exist startups that are able to generate gross profit with some consumption of AI services, they are also able to invest nearly 100% of their capital into AI to generate those profits without needing to spend on traditional labor, and yet AI is not sustainable. By your own circular logic it is of course sustainable, but by grounded logic, you have to understand any business that goes from zero 4 years ago to $100B+ in annual revenue today with double digit growth rates is offering the world something of value. Anyone who has tried AI sees some value in it. There is some revenue and profit to be made here. Betting against that in the long term will just lose you money and sanity.
You are mixing up valuations with liquid cash and you're also making sweeping statements about how those startups are spending their cash. A majority of a raise is not spent on AI compute.
Situational Awareness blew up because they used leverage to invest, and leverage is a great way to blow up any fund even if they were directionally correct about AI.
Some are rundown, but theres thousands that are well kept. They just aren't the main shopping hubs they used to be, mostly boutique stores, coffee shops, barber shops, etc.
There is also Pixel Palace in Round Rock that has no cover but most games are 25 cents.
Austin Toy Museum has a bunch of arcades ($17 entrance fee). Austin Pinball Collective for mostly pinball.
Pinballz is good too but expensive and does the Dave and Busters model, however, most of their classic arcades are cheap to play.
Nowadays mailing any letter is pretty rare as most people communicate via text, email, etc but it is still absolutely possible to do so.
And yes the red flag is to indicate a letter needs to be picked up for delivery.
Blockbuster may have not been the best for finding old niche classics but if your goal was to find anything mainstream released in the 80s or 90s it was great.
Many clerks were passionate about the movies even at Blockbuster, as it was one of the best places to get access to movies at a time when it was a lot of work and effort to even get ahold of a few hundred titles back then.
Movies were good for awkward teen dates when it's probably a supplemental activity to hanging out between class or after school, but as an adult I think they are not great for first dates because you don't get the time to talk or interact. Still fine as a date night for a regular relationship.