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Joined 1 year ago
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Cake day: June 4th, 2023

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  • Ed is getting good at lobbing these darts at hype bubbles.

    The thing that this writeup ignores is that the object isn’t to show short-term revenue, but to put all competitors out of business, be the last one standing, and create a monopoly. Either that or get bought out so the investors can move on to the next thing. But at $150B valuation, only MSFT or Nvidia can afford to buy them outright.

    Google, Meta, and Amazon burned through cash for years, but they eventually outran all competition and then monetized the users who had nowhere else to go.
















  • When this whole ‘training’ trend started a few years ago, there were companies offering image and video labelling services.

    It turned out they were mostly sweatshops in low-income countries, where people sat in front of monitors and just dragged boumding boxes around sections of images and picked from an icon menu. Here’s a car, here’s a person, here’s an apple. That sort of thing. You didn’t even need to know how to read or write.

    Of course, the quality was questionable, so they needed a second layer of supervisors verifying the choices. But even with that, the cost was way lower than having an engineer or QA person do it. IIRC, there was a bit of hue and cry when stories came out of big tech companies supporting sweatshop conditions.

    Sounds like it’s still ongoing.