alt Hacker NewsAnd? Its not my debt.
If they continue investing in compute, memory, memory bandwidth, network infrastructure, etc. it makes a relevant contribution of progress in all of these fields which I will leverage.
A small form factor PC with 100gb fast memory and being able to run something like sonnet or opus level LLM would be massive.
I have so many things i want to do and still sitting it out due to cost.
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Is this in practice what's going to happen, or are (1) the prices going to hike (and never go down) for the consumer and (2) the memory companies will just continue doing what they already do because they're still selling their old shovels to the gold diggers?
I don't see how this will benefit the consumer, but I might be missing some second order effect?
The thing is they actually pushed the price tags of memory and disks high so we wouldn’t be able to afford it. Unless ofc you rent from them.
> And? Its not my debt.
For the moment.
There are several ways that ordinary investors and even simple pension holders could end up stuck with the downside of this.
The debt risk hidden in CDOs wasn't your debt either but if you had a pension plan, the crisis absolutely cost you money you would have earned, and in many cases pension fund values dropped by five to ten per cent within a year.
The SPV/CDO comparison being made is by no means exact, but hidden debt at this scale surprising analysts tends to cause problems. If more institutions are severely exposed than anyone thought, it is bad.
Especially since any success strategy is predicated on literally unbelievably rosy predictions.
> And? Its not my debt.
Your view seems very myopic.
AFAIK they have heavily relaxed the rules for IPO. Pension funds are practically forced to buy from the top-100 companies, and these companies risk crashing much more than the others.
SpaceX value is already lower than at launch. If this costs are externalized to the common public, this will be your debt.
All these companies are too big to fail, in an environment where you can buy pardons and laws.
Hell, a 3T$ crash will have global repercussion and probably partially crash many other countries, too.
Exactly, this is how capitalism works. Let them shoot for the moon and let them fail. Worst case their over-valued assets are liquidated and continued on with at a more reasonable valuation. Just make sure they play by the rules and don't make new rules in the name of national security, ie boxing out open source.
Lots of people didn't invest in mortgage backed securities but still got screwed in 2008. When something is systemic, you don't have to be directly exposed to be effected when it goes sideways.