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Comment Re: The cutting edge cuts back. (Score 2) 96

They're brilliant at making games. They have their suite of exclusives that people love and will buy the console for. And they keep a consistently high quality bar for those games. Even the worst Mario game was still good. Same for Zelda. Same for Metroid. As long as they keep that the case, and their consoles are reasonably priced they'll sell. Which, combined with cheaper parts, is why they generally made a profit per console rather than a loss.

Xbox and PS don't have that. They used to each have some exclusives- but they've gone away from that road due to the high cost of creating them (Nintendo's focus on gameplay over high end graphics also reduced the cost of making a game). Even the exclusives they do have don't have the reputation for quality- they tend to run hot and cold. And MS in particular has waffled between wanting to push xbox vs PC gaming, reducing the number of exclusives as they launch on PC. It leaves them in a place where there's no driver for their new product other than better graphics quality. And with the economy tightening, that's something that will be dropped first.

Comment We all know the real reason (Score 5, Insightful) 118

Training these models is incredibly expensive. In fact it's so expensive that there is no viable economic model to do so. As such, their options are either to drastically slow down the amount of new models trained or to go bankrupt. This is just a nice whitewashing of that. It remains to be seen if even using their models can be profitable, but we know that with the cost of training the next one they can't be.

Comment Re: Oh well (Score 1) 251

They can work, but they have major issues.

1)For at least the first 6 months, if not the first several years, it will take more time and money to teach them than they generate. Why would any company do this?

2)As a hiring manager at company B, I see you apprenticed at company A. I have no idea if that means you're qualified. I can't trust company A to tell me, they're a competitor. Schools stand as a neutral 3rd party telling me that they've completed a set curriculum and should know that much. It's not perfect, but it's a start.

3)Some fields just have a huge amount of up front learning before you can be useful at all. Apprentice plumber? You can run and fetch tools and hold things in place while you watch and learn. Apprentice electrical engineer? You have no idea what inductance is on day one. There's literally nothing you can do. So basically at this point you're hoping the company sets up a school.

Comment Re:"Just" 59K (Score 1) 98

Central banks do a lot of useful things, but they don't give currency a value (they can, however manipulate the value others give it by printing it, destroying it, changing interest rates, changing the amount of reserve banks need and the multiple they can lend, etc). What gives a currency value is supply and demand- the fact other people want that currency. Which is also what sets international exchange rates.

There's also the fact you need it to pay taxes, which sets a base amount of demand. But beyond that it's all supply and demand when deciding how much value it has against other currencies or physical objects.

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