berkeleyjunk | 7 months ago | on: Claude says “You're absolutely right!” about everything
I wish someone had told Alex Blechman this before his "Don't Create the Torment Nexus" post.
berkeleyjunk's comments
berkeleyjunk | 1 year ago | on: NVIDIA Transitions Fully Towards Open-Source Linux GPU Kernel Modules
As someone who is pretty skeptical and reads the fine print, I think this is a good move and I really do not see a downside (other than the fact that this probably strengthens the nVidia monoculture).
berkeleyjunk | 1 year ago | on: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
Nope. Totally different company and founded about 5 years earlier than Square.
berkeleyjunk | 1 year ago | on: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
I thought about that too, but realized that it is double counting the returns. If you look at the Discounted Cash Flow (DCF) method for valuing the company, the current value of the company is already the sum of the discounted cash flows from the future. i.e. the next 3-5 year returns are already priced into the pre 30% hike value.
berkeleyjunk | 1 year ago | on: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
It is interesting how most M&A transactions trend to have a 30% premium above the trading price. I have tried to investigate why but could not find a good explanation to why this number is so prevalent.
berkeleyjunk | 2 years ago | on: Not Using Zoom
The article suggests jitsi and I have had success using it in all the platforms you mentioned.
berkeleyjunk | 2 years ago | on: Xerox scanners randomly alter numbers in scanned documents (2013)
I can see the other things but "Apple home button scandal" either does not belong in the same league or there might be something I do not know about. Can you expand a little bit on your thinking?
berkeleyjunk | 2 years ago | on: Westfield Gives Up Downtown San Francisco Mall
I think you have a point but part of this was self-inflicted. Instead of knowledgeable salespersons who could help with the purchase, the stores tried to cut costs and replace them with lower cost people who did not know/care as much. If they reverse this trend I think the malls can come back.
berkeleyjunk | 2 years ago | on: The Meltdown at CNN
from the July 1860 issue. Wow, started reading it and I was hooked. Thank you for pointing out this gem.
berkeleyjunk | 2 years ago | on: Nvidia is now a $1T company
Pretty straightforward. The current value of the company is the Net Present Value of all the future expected cash flows. Basically you can take the money Apple will make in 2024, 2025, 2026 ... and reduce them to today's values by discounting with the interest rates: pretty much divide by (1+r)^n. Since Apple already makes a ton of money each year it is valued pretty high. Nvidia on the other hand has to GROW its earnings a LOT to justify its valuations.
berkeleyjunk | 2 years ago | on: Nvidia is now a $1T company
I am not an expert in this space but dabble a bit. This comment is spot on. AMD's software is pretty bad and NVDA has captured all the developer attention with CUDA and is the basis for lot of the frameworks people use. It is not a trivial advantage to break. I do wish good luck to AMD.
berkeleyjunk | 2 years ago | on: Statement on AI Risk
Thank you! That page certainly seems more concrete and useful.
berkeleyjunk | 2 years ago | on: Statement on AI Risk
I really thought there would be a statement detailing what the risks are but this seems more like a soundbite to be consumed on TV. Pretty disappointing.
berkeleyjunk | 2 years ago | on: He Paid $69.3M for an NFT So You Can Download It for Free
Archive link
berkeleyjunk | 2 years ago | on: JPMorgan Chase Bank Assumes All the Deposits of First Republic Bank
It maybe impossible to predict what the Fed would do but it is certainly possible to avoid a lot of the damage by duration matching of assets and liabilities. e.g. Do not take short term deposits in checking that are callable at any time and invest them in 10 year maturity instruments. No issues at all taking proceeds from 5 year CDs and putting them into 5 year maturity bonds.
berkeleyjunk | 2 years ago | on: Geoffrey Hinton leaves Google and warns of danger ahead
After the war, Robert Oppenheimer remarked that the physicists involved in the Manhattan project had "known sin". Von Neumann's response was that "sometimes someone confesses a sin in order to take credit for it."
- From Norman Macrae's John von Neumann book
berkeleyjunk | 2 years ago | on: Smartphones with Qualcomm chip secretly send personal data to Qualcomm
Yes. It is a bit lacking. If I had to guess it would be something to do with the Qualcomm iZat
berkeleyjunk | 2 years ago | on: Congress gets 40 ChatGPT Plus licenses to start experimenting with generative AI
>> summarizing large amounts of text in speeches;
> Again, this seems fine.
Not sure about that. Imagine all the misunderstandings of the speeches already and add on ChatGPT making up something or wrongly summarizing something.
berkeleyjunk | 2 years ago | on: Dang is going to have 65,535 karma points soon
I always thought it was 3)
berkeleyjunk | 3 years ago | on: SVB insider says employees are angry with CEO
I don't think so. I think they are saying that if the original regulations were still in place, the bank would not have been able to make these "investments" even without a Risk Officer.
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