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Comment The numbers don't match the stories (Score 4, Informative) 178

I see varying numbers between 6-8% for the unemployment rate of recent CS grads. But even if that number was as high as 10%, wouldn't that mean that the vast majority of CS grads are finding jobs in their field despite the headlines of an "abysmal" job market for CS grads?

Comment Re:Retirement (Score 4, Insightful) 32

The $100M bonus, if not an exaggeration, is probably restricted stock/options which will require you to be there four years to get all the money.

The $100M number seems too high to be realistic to me. For reference, Tim Cook's total compensation last year was $60M. Since his compensation is probably heavily tilted toward equity, we can assume that what he was actually paid in grants (the value of the stock/options when they were given, but not yet vested) was probably more like $15-30M. If Altman had said $1M, I would have easily believed him. Had he said, $10M I would've had doubts. But he said $100M and that's clearly absurd.

Comment I'd pay for it (Score 1) 32

The last thing I was doing before coming to Slashdot was generating an image of my pet dog with Winnie the Pooh for a bedtime story tonight. It's not a high value use of AI, but I would definitely pay a subscription to keep my access, especially if they'll keep generating things that are obviously plagiarizing a copyrighted work (Disney's version of Winnie the Pooh).

Comment Re:If he received funds, that's one thing. (Score 2, Interesting) 21

This guy seems guilty as can be, but I'm a little bit confused at what he did wrong. Clearly, he knows he did something illegal because he fled the country when people started asking him about it. From the linked article, it sounds like he might have taken DARPA money, while also secretly taking money from China. There's probably some amount of fraud going on, but it's likely the intersection with defense money that has the FBI involved.

Comment Re:Oh no, the poor credit companies. (Score 1) 163

I've seen some research showing these downsides. It makes sense in a lot of ways. Someone who gets into $10k of credit card debt at 30% might end up with a loan at even higher effective rates (with fees and stuff) from a cash advance/pawn shop. I'm not sure if I entirely believe it because it takes a lot more effort and intention to get a cash advance than to use a credit card.

Even still, the fact that there are some examples of this negative outcome means that we should probably gradually reduce credit card maximum interest rates rather than suddenly drop them to 10%. With mortgage rates at 7%, 10% is kind of insane for unsecured debt. It seems like the major issuers have a ~30% max right now. Maybe drop that to somewhere in the 20-25% range with the ultimate goal of getting to 10-12% over SOFR.

Comment Re:Stock Buybacks for the L! (Score 1) 41

I don't think the problem is R&D spending. It's not like Intel didn't spend tons of money on R&D, especially in comparison to Nvidia, Qualcomm, and AMD. It's not like they would've been successful if they just hired twice as many people and spent more money.

This is the kind of comment that people who've never led (or even worked on) and engineering project make. "If they had just spent more money." "If they just had more people working on it." I'm not saying that those aren't true sometimes, but the stuff I've seen fail usually had way too many people involved too early and the wrong people making the decisions.

Comment Wonder what happened with Monolith (Score 2) 32

I kind of wonder what happened with Monolith. They haven't released anything since 2017's Middle-earth: Shadow of War, which was reasonably well-received. I know the Wonder Woman game was recently cancelled, but it seems strange for a studio to spend 8 years without releasing a game.

It's too bad to see them close as they gave us FEAR, Shadow of Mordor, AVP 2, and the No One Lives Forever games. They've got a long history of producing well-received games in multiple genres and then they just kind of went quiet after 2017.

Comment Re:Pretty nice! And Android too! (Score 1) 211

I'm pretty excited about using this for backpacking. My wife wants me to get one of those satellite messaging/locator devices, but the cost (and monthly subscription) always seemed out-of-proportion with the risk I was taking backpacking with a partner in well-trafficked places. Moving the capability to a device I'm already carrying and charging some small amount that I can turn on-and-off would be a big win for backpackers.

Comment Re:Costs to much to watch that closely (Score 4, Interesting) 57

That sounds like the story that someone running a mutual fund would tell. Statistically, mutual fund managers underperform the index in good years and in bad years, which is kind of crazy given that they're supposedly spending tons of time (and your money) so that they can do better than someone just randomly picking stocks. Nowadays, the only people recommending mutual funds instead of index ETFs are people making a commission on selling you mutual funds.

Inflows to mutual funds fell behind ETFs 10 years ago. Nowadays, mutual funds lose money each year because it's so well documented that actively managed mutual funds underperform much cheaper index funds. Every year, we heard some famous mutual fund manager say, "I know mutual funds have been losers for the past couple decades, but this next decade is going to be different..." Honestly, I'm surprised that there's still so much money in actively managed funds.

Comment Re:AM (Score 1) 269

There are remote places (like national parks), where you'll see a big sign saying something like "Emergency alerts broadcast on AM 550" or something like that. There might not be any cell service, but the AM travels really far and is good for those situations. I've tuned into one of these before, though I had to first figure out how to use the radio in my car...

Comment Re:Broadcom (Score 1) 105

Intel would be a pretty huge departure from Broadcom's MO. Broadcom/Avago buys companies that have a strong/dominant position in their industry and then cuts costs and raises prices on the products. Intel is (hopefully) in the midst of a turnaround. It's not a matter of coming in and running the company more efficiently, instead it's about catching up with AMD on design, catching up with TSMC on process, and launching a custom foundry business. I can't really see Broadcom buying Intel whole.

Intel has shrunk enough that a company like Texas Instruments could potentially acquire them. I'm not sure I see a ton of synergy there, but TI is already in the manufacturing business, so at least there's some understanding there. I don't think TI/Intel necessarily makes sense, but I'm not sure that I see any company that would want to buy Intel right now.

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