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Comment Re:Wow (Score 1) 66

, The study concludes that narcissistic leaders oppose virtual work primarily because it threatens their access to power and status, rather than out of concern for organizational productivity.

It's not narcissism, it's entirely rational: we are all working because of self interest, not because we care about the company.

Comment Wow (Score 2) 66

They show that many employees no longer trust the official story.

Why did they ever trust the official story? Lying has been standard in SV for a long time. Obviously longer, but I can't find older links. A lot CxOs lie for no reason, in a transparent way that kills morale. I'm starting to think they intentionally kill morale.

Comment Hedge fail (Score 3) 38

A hedge fund is named such because they (traditionally) hedge against risk. Thus, whether the stock goes up or down, the hedge fund can make money (and lose money if it stays flat).

This fund clearly failed on the hedging. No point in using a hedge fund at that point, might as well have just bought the stock (or options if you're crazy).

Comment Re:They are asking the wrong question.... (Score 1) 63

It's impossible to keep up these spending levels in the long term, and I am yet to see AI profits outpacing the spending.

The expensive part is the training, once the NNs are trained, they are significantly cheaper to run (and there are a lot of optimizations you can do to make them a LOT more efficient).

Comment Re:Sanctions working as expected (Score 1) 28

I'm not sure they do work, though.

There are two ways sanctions work:

1: They are a negative economic factor. Over the long term, growth will be slower, meaning their army will grow relatively weaker and weaker. Biden tried to use this method of sanctions. The obvious example is North Korea.

2: An outright blockade. This can severely damage the economy, which is what happened in Gaza and Trump is trying to do in Iran (with apparent success, although it's hard to untangle the various factors there).

All they seem to do is cement an unfriendly regime's power and make us out to be enemies in the eyes of their people.

When the dictator controls the press, there is no way to avoid that.

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