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Comment Re:Who says this shit? (Score 1) 49

The education at Stanford is no better than most colleges. The real value of a Stanford education is who you meet while going to school there, many of them will go on to found startups. Sand Hill Road venture capitalists are located literally across the street from Stanford!

Comment Re:Schools are designed to sort students (Score 3, Informative) 49

Our modern school system was initially designed to train good little workers for boring, repetitive assembly line work. That's why they emphasis rote memorization instead of creativity. Art classes may be an exception to that rule, that's why art teachers are looked down on by the rest of the faculty members.

Comment Re:More about losing tools that aid in learning (Score 3, Interesting) 49

I asked the Google AI the same question 3 times, and got three completely different answers. I deduced that AI couldn't find the answer, so it just made up a plausible answer all three times. I asked it for the Manufacturer ID of a company that had not yet been assigned a Manufacturer ID, so it gave me the Manufacturer ID of three other companies... all equally valid answers, all 100% incorrect.

Comment Biggest risk? (Score 2) 49

The biggest risk is students never learning how to research and create original material themselves. Instead they are all being taught to cheat and get AI to do there homework for them. The real purpose of homework is to help students build up a tolerance for the boring, tedious, time-consuming effort that is necessary to produce good output. Kids raised on AI are all going to be like severe ADHD sufferers, avoiding work because it's too hard!

Comment The grift is now right out in the open (Score 5, Informative) 56

Congress "did not intend" to legalize straight-up gambling nationwide through what amounts to a semantic loophole. There is absolutely no doubt about that, on any side of this discussion (including the CFTC).

It's funny - Online discussions among (real) investors often worry about, and frequently caution each other about insider trading. The reality is, insider trading isn't applicable to the vast majority of us. Unless you're a C-level employee, specifically working in M&A, or maybe as the lead on a truly revolutionary new product (no, your company's Facebook wannabe or thinly disguised open source ripoff ain't it) - You have no insider information to trade on. Sincere belief that your employer's cool new toys are going to change the world ain't it - every company has cool new toys in the pipeline, and most of them are going to flop or at best be just another branded widget.

Thanks to Kalshi and Polymarket, congrats, every single one of us can now have truly actionable insider information. And that's not good, because as the past year has shown repeatedly, the average Joe is more than willing to use that information and has zero comprehension of securities regulations.

And to be clear, I have no substantial objection to gambling. This sham is something else entirely, however, and that something is a naked power grab.

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