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Comment Re:eyebrow-raising (Score 2) 32

If you're afraid of spreadsheets in the financial industry, you should probably just keep your eyes closed. The entire industry is built on them to a very large degree. I've been in IT for almost 30 years, and over most of that, I've seen Excel spreadsheets used throughout the various accounting departments of companies ranging from small operations of a couple of dozen people up to multinationals with tens of thousands of employees, with some banks in there. Some of those spreadsheets are enormous and are doing complex calculations across sometimes a couple dozen worksheets, where changing one number can take several seconds to recalculate everything even on a reasonably modern computer.

Comment Re:Critics vs. regular people (Score 1) 51

Critics are always looking for deeper meaning, subplots, unexpected plot twists, and philosophical integrity. Regular people usually just want to see a fun movie.

Good movies have both.

The two goals are very different

Hard disagree. There's absolutely nothing preventing a fun movie from having decent writing (i.e., "treat your audience with some basic respect") aside from cheap studios and hack producers. Michael Bay and JJ Abrams should have been warnings, not instruction manuals.

Sometimes critics focus on silly or tangential things in movies that average people don't care as much about, but critics are also much less willing to let incoherent plots and repeated non-sequiturs pass just because CGI and EXPLOSION.

Comment Re:Professional liar says what? (Score 1) 68

I'll wait for Sam Altman to reassure me that there is no bubble.

Ironically, Altman agrees that AI is a bubble:

OpenAI CEO Sam Altman thinks the artificial intelligence market is in a bubble, according to a report from The Verge published Friday.

“When bubbles happen, smart people get overexcited about a kernel of truth,” Altman told a small group of reporters last week.

“Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes,” he was quoted as saying.

Altman appeared to compare this dynamic to the infamous dot-com bubble, a stock market crash centered on internet-based companies that led to massive investor enthusiasm during the late 1990s. Between March 2000 and October 2002, the Nasdaq lost nearly 80% of its value after many of these companies failed to generate revenue or profits.

Comment Re:A question for people familiar with cryptology (Score 2) 38

Unlock all interactions? No. Unlocking a specific interaction? Maybe.

For common uses (like the public web), the most likely approach to decrypting a specific interaction is to break the RSA (cert-based) on the outside and then the Diffie-Hellman (ephemeral per-transaction) on the inside, then recover the symmetric encryption key to decrypt the rest of the conversation. But this is not trivial, and it requires more work than to just toss the transaction into the quantum computer.

The ephemeral layer is where things get harder. Even if you can derive the RSA key on a regular connection, you've got the first layer, but the DH layer is redone for each new connection. (Some sites don't use DH, or are vulnerable to downgrade attacks where DH isn't used, but DH is pretty widespread.) Every ephemeral negotiation has to be individually cracked. Tor uses DH or x25519 on all connections, so each has to be individually cracked. It is expected that breaking an individual 2048-bit RSA or DH encryption would take several hours if one had a quantum computer of sufficient power. Cracking 3072- or 4096-bit RSA/DH will take even longer, if it's even possible on the same systems. However, we appear to be a long way from such capabilities, and the NSA isn't likely to use it to break arbitrary Tor connection encryption, saving it instead for much more practical items. As soon as the NSA has practical quantum computing, it's going to have decades of backlog to go through just for the international signals, and getting anything moved up in line is going to need a damned good reason.

Comment Re:Clever (Score 4, Insightful) 53

Clever, because they know it is all monopoly money once the AI crash comes.

Not just once the crash comes, but this sort of thing will help cause the crash.

Cory Doctorow talked about some of it in a recent post that really helped me grok what I've been feeling about the inevitable AI bubble collapse.

The data-center buildout has genuinely absurd finances – there are data-center companies that are collateralizing their loans by staking their giant Nvidia GPUs as collateral. This is wild: there's pretty much nothing (apart from fresh-caught fish) that loses its value faster than silicon chips.

That barely scratches the surface of the funny accounting in the AI bubble. Microsoft "invests" in Openai by giving the company free access to its servers. Openai reports this as a ten billion dollar investment, then redeems these "tokens" at Microsoft's data-centers. Microsoft then books this as ten billion in revenue.

That's par for the course in AI, where it's normal for Nvidia to "invest" tens of billions in a data-center company, which then spends that investment buying Nvidia chips. It's the same chunk of money is being energetically passed back and forth between these closely related companies, all of which claim it as investment, as an asset, or as revenue (or all three).

AMD giving 10% of itself to OpenAI is almost entirely symbolic as OpenAI will turn around and "spend" that money on something like GPU hardware, probably AMD products. AMD is just paying itself via OpenAI and both companies will book it as revenue to try and obscure the colossal losses on AI spending.

It's all monopoly money laundering, and it's going to crash hard.

Comment Re:Huge problem (Score 2) 153

Nvidia is therefore a bubble. This article is complaining that Europe is an obstacle to further bubble inflation.
No amount of Nvidia etching IP onto wafers is worthy of a 4.6 TRILLION market cap - bigger than the 4.2 Trillion market cap of the ENTIRE name-brand pharmaceutical industry.

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