Zos_Kia

I love the WASD Code it’s just built like a workhorse. Their newer models have backlighting but it’s all white, the only thing you can RGB is the 3 indicator LEDs (caps lock etc…) which are very discrete and personalizing them is entirely optional. No software, everything is done & stored on-board. They’re pricy but usually they’ll have some banger black friday or holiday sales.

For the level of investment in and hype around this company? Yes, those enterprise sales are abysmal

I don’t see the connection. How are enterprise sales specifically relevant here ? Are enterprise customers known for jumping on top of early stage products where you’re from ? Cause where i’m from they’re known for being the last ones to board.

They have demonstrated zero ability at actually “hyperscale”.

How would you define hyperscale ? They have one of the biggest GPU fleets around and are likely serving trillions of tokens monthly. That falls well within the range of my personal definition.

They have no path to getting those costs down. Their conversion rate from free to paid users is atrocious, and they’re already raising prices on their plans which is only going to worsen those conversion rates

That’s just stuff you say. Atrocious (in your opinion), no path to getting those costs down (in your opinion). Alright, we get it, that’s not a company you’d invest in, but then again your investment thesis seems pretty conservative. If a company has to make billions of enterprise sales in its 2nd year, and have double digits conversion early on, then there’s not that many successful companies you would have invested in. You certainly wouldn’t have put a dime in Uber at 48B valuation 7 years ago - well those who did made a nice return on their investment.

Is it possible that they could be successful? Yes. But a lottery ticket would probably be a sounder investment.

Isn’t that the definition of VC-backed startups ? The alternative would be to build a time machine, travel back to the 18th century, and invest in the British textile industry. Sadly they don’t make this kind of predictible, risk-free and quickly profitable enterprises nowadays.

Absolutely oozing confidence there

Oh i won’t be the one to contradict you here. Sama is one sleazy motherfucker, that’s just written on his face. Sadly it doesn’t preclude him from building a historical hyperscaler with OpenAI.

Because they spend $2.35 billion in operating costs for every $1 billion in revenue

This is entirely true but also completely normal for a hyperscaler in its first years. At this stage demonstrating a huge demand and your capacity to capture a lot of it is much more important than profitability. You don’t exactly bootstrap a company at this level of CapEx.

Their revenue is still growing at a staggering rate, showing no signs of slowing down, and enterprise sales are pretty respectable. I don’t know that i’d call 3/4 of a billion in enterprise sales abysmal for a startup in its 2nd year. YMMV i guess.

Sure there is some uncertainty about their model but that’s what VC backing is for, right ? They’re not building tin can factories with known and predictable business trends, and being valued at 40x your yearly revenue (not profit !) is pretty banal for a successful early stage Deep Tech. We may personally think it’s bullshit and choose not to invest in it but it’s still far from outrageous and very far from the definition of a bubble.

I don’t think it’s just Lemmy, i had similar conversations on Reddit. People don’t realize that the companies they claim are over-valued actually have very strong business fundamentals. That’s why in articles like OP’s they will never mention any names or figures. I guess it’s very convincing for outsiders but it doesn’t stand any amount of scrutiny.

If you take OpenAI for example, they went from 0 to 3.6B$ annual revenue in just two fucking years. How is that not worth a boatload of money ? Even Uber didn’t have that kind of growth and they burned a LOT more cash than OpenAI is burning right now.

As for the “AI quantum computing blockchain reeeee” projects… well they have a very hard time raising money right now and when they do, it’s at pretty modest valuations. The market is not as dumb as it is portrayed.

To have a bubble you need companies with no clear path to monetization, being over-valued to an extreme degree. This leaves me wondering : what company specifically ? Are they talking about nVidia ? OpenAI ? MidJourney ? Or the slew of LLM-powered SaaS products that have started appearing ? How exactly are we defining “over-valuation” here ? Are we talking about the tech industry as a whole ?

We often invite the comparison to the DotCom bubble but that’s apples to oranges. You had companies making social networks for dogs or similar bullshit, valued in the billions and getting a ticker at the stock market before making a single dime. Or companies with outlandish promises such as delivering to any home in the US, in <1 hour, for a low price, and building warehouses by the hundreds before having a storefront. What would be the 2024 equivalent ? If a bubble is about to deflate then there should be dozens of comparable examples.

They wanted you to go back to work, not in X months if and when a vaccine was available, but tomorrow, taking some bullshit drug if you needed reassurance. While they were happy working from home, triple vaxxed and double masked.

I don’t know what the intent was, only what it achieved. It is now political suicide to enforce public health mandates, so when the next pandemic hits, your boss will be able to force you to go to work in unsafe sanitary conditions and a lot of people will be cheering for it.

I’ve only had issues with fitgirl repacks i think there’s an optimisation they use for low RAM machines that doesn’t play well with proton

That’s a room temp take at best

But then how am I supposed to use your “research” to make imaginary claims on generational attention spans ?

“i have collected some soil samples from the mesolithic age near the Amazon basin which have high sulfur and phosphorus content compared to my other samples. What factors could contribute to this distribution?”

Haha yeah the top execs were tripping balls if they thought some off-the-shelf product would be able to answer this kind of expert questions. That’s like trying to replace an expert craftsman with a 3D printer.

What kind of use-cases was it, where you didn’t find suitable local models to work with ? I’ve found that general “chatbot” things are hit and miss but more domain-constrained tasks (such as extracting structured entities from unstructured text) are pretty reliable even on smaller models. I’m not counting my chickens yet as my dataset is still somewhat small but preliminary testing has been very promising in that regard.

Most projects I’ve been in contact with are very aware of that fact. That’s why telemetry is so big right now. Everybody is building datasets in the hopes of fine tuning smaller, cheaper models once they have enough good quality data.

I doubt these tools will ever get to a level of quality that can confuse a court. They’ll get better, sure, but they’ll never really get there.

Did you listen to that hardcore history episode? It was crazy

That’s the problem with imaginary enemies. They have to be both ridiculously incompetent, and on the verge of controlling the whole world. Sounds familiar doesn’t it?

Yeah it certainly depends on the teacher. If you’re into that kind of history, Pacome from Blast made a gigantic episode about this in his “L’empire n’a jamais pris fin” series. One of the best youtube essays i’ve ever seen in French.

where was that ? My hometown is like 20km from a city that was entirely burned down and had its population eradicated during the first Albigense crusade - i swear to God it was never mentioned to me. My parents hadn’t ever heard of it either.

From reading your post it seems like you could be interested by the Jesus movement (that is the jewish followers of Jesus, before catholicism was codified and adopted by the Romans as state religion). Everything that wasn’t authoritarian fear-based catholic was branded as “gnostic heresy” and purged from the canon, but there’s some real good shit that is very close to the core message of Christ.

A recent(-ish) example of gnostic christianity is catharism, which was a heresy that lasted for a few centuries in the South of France. They had no clergy, just a caste of ascetic wise men and women who would walk the land and dispense wisdom and judgement. Very egalitarian, very spiritual, very christ-like. As you can imagine, they got crushed in one of the rare “self-crusades” in history (meaning the King of France sent his own armies to burn down cities in his own country and murder thousands upon thousands of his own subjects). As you can imagine there is not one history teacher in France who will tell you about this episode.

It’s especially frustrating as the whole point of the Google search page was that it was designed to get you out on your way as fast as possible. The concept was so mind blowing at the time and now they’re just like nevermind let’s default to shitty

This comment shows you have no idea of what is going on. Have fun in your little bubble, son.