If the owners primarily want to make money by taking out a portion of revinue as dividends or distributions, like a family business typically does, then stable revenue is more important in some ways than reinvesting in growth.
If the ownership wants to make money by eventually selling their stake (shares or equity) in the company then growth is fundamental to the strategy.
Excellent article! The invention of clean room procedures for environmental testing probably exceed even his successful campaign to ban lead in gasoline as far as positive impact on society. Clair Patterson is a true hero of science.
Killdozer 2: Super-Killdozer, the Wreckoning
Dangit, forgot to lead with TIL, ah well
huh, interesting, a private text based internet protocol where everything runs server side and all sends are encrypted by default. I see the appeal.
The biggest difference is that the Dot Com bubble was strongly focused on tech companies going public and pumping small cap stock prices up.
The AI bubble on the other hand is almost entirely being built by private equity, with the largest players all privately held but with large cap stock companies holding substantial stakes. Rather than a bunch of small companies getting pumped up stock prices of many multiples of their debut price then falling to zero, instead we have large cap stock companies bumping up their value substantially, but not by major multiples, while the actual value of the biggest players in AI are all speculative and can’t be invested in by retail investors.
This is all by design, the financiers of the AI boom are well aware that a public stock oriented rush into AI for retail investors would lead to massive speculation and an inevitable crash, instead with all the retail money going into large cap stocks they hope to capture that value and funnel the money into buying long term gains by making sure that those big companies have some stake in the “winning” private companies. When the first big AI companies go bust, they will be consolidated into their investor groups and harvested for innovation to transfer over to the winners.
Overall this strategy seems sound to avoid a major retail stock bust, but isn’t wothout its own risks, for example if open source AI ends up winning out and the biggest private players fall flat they could become toxic assets and drag down the large cap stocks, and thereby the Indexes and Index funds in favor of leaner players. In the current landscape, that would mean Microsoft going down with OpenAI while Apple goes up, Apple is waiting on the sidelines with a huge cash warchest, ready to buy.
(the best) Local LLMs are FOSS though, if bias is introduced it can be detected and the user base can shift away to another version, unlike centralized cloud LLMs that are private silos.
I also don’t think LLMs of any kind will fully replace search engines, but I do think they will be one of a suite of ML tools that will enable running efficient local (or distributed) indexing and search of the web.
What was controversial about joining Futo?
When OpenWrite says “publish to the open web, Gemini, or Mastodon” what does it mean by Gemini?
Indieweb is for you! Give Micro.Blog a try, it has native ActivityPub integration. https://indieweb.org/Micro.blog https://micro.blog/
You’re joking right? “making up answers” in the case of search results just means a dead link. If you get a good link 99% of the time and don’t have to use an enshitified service, that’s good enough for 99% of people. Try again is the worst case scenario.
Also, you know what would make this all even worse? Laws requiring that people prove their identity in order to consume content or pull videos… just like age verification laws now being passed in several countries. What a coincidence.
Not to mention that the scraped indexes can and should be shared. Unfortunately what OP is seeing may be a move to thwart this type of brute force scraping, and might resolve as dynamically assigned domain addresses, where the URL of a set object is temporarily assigned and streamed only to a single or group of IP addresses that request it within a given timeframe before being rotated out until found in search again and then reassigned a new URL, etc. This is a frankly stupid use of resources, but can effectively be used to prevent crowdsourced indexes from proliferating, and to punish IPs or even MAC addresses or browser fingerprints associated with downloading and reuploading videos which almost certainly have stegnographic fingerprinting embedded that associate with who the video was served up to at the time it was downloaded.
Meshcore is currently considered superior in most respects to Meshtastic, and as a result has a faster growing user base.
Not an awl
Just a note that comment sort is currently broken on Interstellar app, but they are working on fixing it. You can change the default in settings and that will work, but not the menu in posts.
The project just launched and is a software-first project. We won’t see a Libre Phone available for a while yet.