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Comment Re:GPAs are trash, yet companies still filter on t (Score 1) 128

If companies really did filter on that, it would be self correcting. Harvard would go from "All the Harvard grads that apply have excellent grades" to "Harvard grads used to always have great academic records, now most of them don't any more, let's hire grads from somewhere else."

But one does not go to Harvard to learn how to do a job, one goes to Harvard to meet the right people and their parents. And companies do not hire Harvard grads because of what they learned there, they hire Harvard grads because of who they know, and not what they know.

Harvard (and all the ivies) is the poster child of the old boy network.

Comment Re:quotas are BS (Score 3, Insightful) 128

Yeah, and what happens when 20% + 5 hand in A quality work?

Or everyone in the class has exactly the same grade? Is that a sign of an exceptionally good teacher with a small, well motivated class? Or a sign of an exceptionally bad teacher who has trivially easy tests?

In our effort to reduce everything to a simple algorithm with no human judgement, we fail to ask what actually matters.

How does the professor choose who gets the B? Give it to the student they personally like least, or to the one they like most to avoid looking unethical? It seems like forcing an unethical choice no matter what.

I'll get modded down saying it, but sadly, at Harvard, it will be based on ethnicity and expressed political ideology.

Comment Agreed (Score 2) 76

... a portion of the profits and tax revenue derived from the artificial intelligence boom "should be structurally returned to all citizens. ... the economic gains from AI are based at least partly on industrial infrastructure built by the country over five decades.

AIs were trained on information generated by people. Where's our (collective) dividend? What's our benefit? And being made redundant, after training our AI replacement, doesn't count. Granted, some people created more information than others, but everyone played some part. For example. the guy cutting a researcher's lawn allowed the the latter to spend more tome and concentration on his work.

Mr Kim wrote. Memory companies, core engineers and asset holders are highly likely to receive substantial benefits, while much of the middle class may experience only indirect effects.

That's going to work out for the former only so long, before the rest of the people tire of cake.

Comment Re:The geothermal plant already exists [Re:MS Pow. (Score 2) 71

3. They're a reliable customer of power. That means that they will alway pay the bill, even if it is high. The grid operators and generation plant operators can charge them a huge premium for bulk power, then use that extra revenue to build more power plants.

I needed a good laugh, but that is exactly the opposite of how it actually works. They will be a discounted bulk price, or they'll build somewhere that will. That discount will delay the building of any new generating capacity, because the utility doesn't have the income. And while they will reliably use power, big customers generally get - because again, if they don't, they'll go somewhere that will - generous payment terms (you have to pay within 30 days of receiving at statement, they may have months, or more), and often don't live up to those.

All of those fairly standard business practices are easier to arrange in third world countries. That's why they're building there, and not in the US.

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