199 karma · joined October 15, 2023
The whole ‘inline visualization’ thing is another great example. You want to know about this new concept on Claude? Why don’t I generate this new ‘inline visualization’ for you to learn it even if it doesn’t significantly help you at all…
Not supporting nor opposing the insurance industry, just something I think the public should watch out for and understand.
Not trying to be a fan of any individual. But this, to me, is the difference between a fast moving team and a slow moving one. Teams being able to decide on the ‘right compromise’ on the fly is worth more than any expert you can hire.
lol
I don’t think this is only by luck. Singapore made the decision to ‘pay the bureaucrats well’ so that they can build a career on it. This attracts more people to be a bureaucrat. The alternative is that only already rich people become politicians and bureaucrats or bureaucrats only getting their bag by joining lobbying firm after their time in government.
IMO, the hard part about implementing this ‘pay the bureaucrats well’ system is that it is often hard to determine the market rate as there are often no equivalent roles in the private market.
Currently, there is no aligned format for sharing your bank transaction history with other financial institution of your choice. Your current bank is the one who purposely makes it hard (only allowing you to share it through the same bank login) so that you are more locked-in in their eco system.
I used to work with Plaid as a provider, and you will notice certain banks who really do not like their customers using Plaid in sharing their bank transaction history with competitors will often have unscheduled maintenance that Plaid wouldn’t work so that you as a user would find friction using someone else and stay with only using products within their ecosystem.
I think the real question is less about why are we using Plaid to share our transaction information. If we are to have an open format to share our banking transaction history, what should be that format and what would be the lock and key for it?
If the increase in usage (with rates staying flat) is insufficient to cover for the return on investment, then who is making the decision to take the risk for making these capital investment? The risk taker can definitely ‘pay’ for an over confidence in the market.
If it is because the increased usage of the grid as a whole reaches a step function requiring more investment, the system can have a gradually increasing usage price rate.
I am trying to find out if someone in the system is trying to eat up the benefits and publicly say “it’s because of AI” or maybe I am not understanding the situation well.