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Comment Re:Banking License (Score 1) 54

I mean sort of yes, but they also have to have some money to begin with and nominally that fraction is based on an actual deposit. They can probably structure ways of looping that round on itself too which seems like it'd create some very risky exposure. But it's still considerably more concrete than being able to press a button and make a trillion dollars

Comment Re:Banking License (Score 1) 54

Plus this isn't bank-style behavior. A regular bank can't magic up $1M out of thin air, much less $1T. I suppose a few banks are authorized to print paper currency and could conceivably do something on a small scale, but that takes a lot more effort to pull off covertly. Being able to create currency from absolutely nothing is firmly in the domain of central bank territory, there are really only a handful of entities round the world like the Federal Reserve or Bank of England that have amassed enough trust to do things close to that.

Comment Re:I agree (Score 1) 184

I'm less sure about that.

I'm finding Claude is really good at removing layers of abstraction - i just went through a stack of shipping code that created Fedex labels, there were multiple layers of abstraction on top of some code written years ago. I had the LLM go through and develop a spec for what each method needed to do, propose a clean interface and then rewrite the existing code into the new architecture.

Then I can have it find a common interface between my UPS and FedEx code and wrap those up and correct all the code that has ugly ups-specific hacks in it.

I don't think there's a magic bullet for technical debt, but with clear instructions it's very good at working through the kind of stuff that "I should get to someday"

Comment Re:Jiggawatts (Score 1) 53

Yeah - definitely strange way to talk about chip/compute quantities, as if they are electric heaters where the power used is a feature not a negative.

The only rationale for this I can think of is that AI datacenters are being discussed in the same way - a 1GW datacenter, etc - which I suppose makes somewhat more sense since power demand is becoming a critical factor.

So, I guess you need 1GW-ish of chips to build a 1GW datacenter. I just asked Gemini about this, and it said that GPU power usage might be approx. 50% of total datacenter power !

Comment Re:I'm not surprised at all (Score 1) 53

At the end of the day it's about selling chips, lots of them. Better drivers and libraries are one way to do that, but just selling a shitload of chips is another way to do it.

The bit GPU-compute growth opportunity at the moment is AI, largely LLMs (but also photo/video generation), and hooking yourself into the success of OpenAI is not a bad way to do that. From OpenAI's POV this gives them an ability to play AMD and NVIDIA off against each other in terms of price, but that is really also the opportunity for AMD - finesse away the whole CUDA compatibility mess, and strap yourself to what will hopefully be a growth rocket where success just depends on competitive FLOPs per dollar.

Comment Re:It's just stock dilution. (Score 1) 53

The vesting of the warrants AMD is giving to OpenAI is dependent on AMD stock reaching certain target prices, with the final tranche only vesting at a $600 AMD stock price vs today's $225.

I doubt too many AMD shareholders are going to be crying about 10% dilution if the stock goes up by 200%.

Comment Re:Question is (Score 1) 162

Well, back when I was a kid, 'autistic' meant, 'screaming and flapping your arms when somebody turned on the light wrong.'

"Rain Man" was a movie about what was, at the time, considered a high-functioning autistic.

Most of what we would nowadays call 'ASD' was just 'quirky' or 'weird' or 'shy.'

Go find a copy of the 1980s nuclear war film Testament. Watch the scenes with the sons. One son, the youngest, has several scenes with things like 'running the TV, a radio, and a record player at the same time,' 'being told that he can't only eat bananas,' 'wearing ear muffs at the dinner table' and so on.

Nowadays, that's clearly stimming, sensory restrictions and ARFID, and probably ADHD, and he's be labelled 'AuDHD'.

Back then? He was just being a kid.

But nowadays, 'doesn't look people in the eye "enough"' means you're ASD, and 'looks people in the eye *too much"' means you're ASD.

Given that we don't even know what 'Autism' is, we ascribe way too much to it.

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