People say the darndest things.
It's pretty easy to calculate the expected return of the stock market over any period of time you desire. It's positive. Still. When that changes in the short term we run around screaming our heads off. If it ever changes long term we're fucked.
What I cannot wrap my head around is that trillion dollar Google, trillion dollar Facebook, etc are all still just advertising firms.
That was a while ago. Google is 3.5 Trillion. Meta is 1.6. They're both much better at advertising than the NY Times and their cost to show ads is much lower.
It means it has less value than the purchase price indicates.
Accounting practice usually includes some incremental depreciation on things that lose value over time. For tax purposes that rate is often specified but you can also use different rates. The idea is for the books to better indicate the actual asset value rather than freezing it at the purchase price until it's sold or disposed of.
Of course, that's why they hid the disclaimers in the article where nobody reads them. I seriously doubt Anduril actually cares about any of that, or even takes it seriously. They want to sell some expensive laptops to the US military and "USA USA USA" currently turns enough peoples' brains off that it makes a great marketing slogan.
You've got a shovel and you're determined to dig hey? Well, have at it!
holding the value of the asset directly on the blockchain. For example, the blockchain holds the actual bitcoins I just mined.
WTF does that mean? A blockchain holds numbers. That's it. There's no such thing as "a bitcoin." Bitcoins are numbers. The Bitcoin blockchain has a mechanism where transactions (not bitcoin) are trackable, but that's definitely not the same thing as "value."
physical share
What is this? A share is a portion of a company. There used to be certificates that said you owned some number of shares but those weren't shares, they were just pieces of paper that proved ownership, and even those are virtually unheard of today.
They use TSMC and Samsung, so South Korea, Taiwan, or, theoretically, the US.
Components sourced from U.S. and allied-country suppliers account for more than 90% of the BlueChip prototypes’ component procurement cost.
Both South Korea and Taiwan are US allies.
The more interesting question is what are the 10% that they aren't sourcing from allies?
Apple uses on-device AI for lots of things that are not chatbots. Video, audio and image processing can be computationally intensive with fairly small models.
* by "airgapped" we mean we asked it pretty please to only use the wifi.
What I've heard is a market cap well north of a trillion dollars is expected.
Yes. As I said, market cap or "valued at" doesn't mean that's how much money people put in.
It is losing money combined with being a commodity + rapid obsolescence that seems strange to me.
Then don't buy shares. Anthropic is making an offer, which you can accept, or not. I certainly won't be. There are lots of good general reasons why you should never buy an IPO, especially as an individual investor. I'm not sure what's strange about it though. Lots of successful companies deal in commodities, including perishable ones, from whoever you buy your food from to Facebook and Microsoft.
Billions, not trillions. Two trillion is what you get when you multiply the hypothetical share price by the number of shares. They'll just sell a small fraction of them.
And yes, people do it all the time. Notable examples include Amazon, Uber, etc. Most American companies are not profitable at IPO:
New trend? The venture capital business model has always been to fund startups, bring the rare successful one to IPO and then cash out.
I'm addressing the larger over-reliance on homework, that's why the reference to children.
You're trying to talk about a general problem by using language specific to a subset that is not under discussion. Yeah, sure.
It's for practice. Using homework for testing has always been a mediocre to dumb idea.
Hey, Nancy Reagan, glad to see you're still around!
I guess the old war on drugs thing was getting old so it's time for the new boogeyman?
It is clear that the individual who persecutes a man, his brother, because he is not of the same opinion, is a monster. - Voltaire
