I’m not an accountant, but you can certainly balance books while showing a loss. Double-entry bookkeeping simply means that every transaction has two parts, and “balancing” simply means that all the transactions cancel out properly.
I joke with my accountant friends that their entire job is counting to zero.
That’s quite easy, the books are balanced, there are just more debits than credits. “Balancing the books” doesn’t mean that the net result is zero, it means that all the money going in and going out is accounted for.
OpenAI can keep bleeding money as long as there are fools willing to fund it in exchange for the illusion of future profits.
In German, wouldn’t that all be one word?
They didn’t reject adding SpaceX, they simply said they would not change the rules to add it early, like the other indexes are. Those rules include a minimum time listed as a public company, a certain percentage of shares being floated to the public, and some profitability. I doubt SpaceX ever gets there.
Some of those other AI companies might make it through the gauntlet, though, and be listed eventually.
surely they wouldnt have invested trillons on it if it was garbage
Oh, my sweet summer child.
“They” didn’t invest trillions of their own money in it. They invested a few million, built up some hype, and got other people to invest more, so now their millions are billions. And they are smart enough to sell before it all collapses.
They make their billions even though it’s garbage. Heck, they make billions because they know it’s garbage before everyone else does.
Note = loan in this context. OP is saying he doesn’t want the burden of a monthly payment on a new car, and would rather buy a cheaper car that he doesn’t need to borrow for. (Although these are becoming harder to find, at least in the US…)
The way I look at it, it’s a shared resource. You are just as “entitled” to the space as the person behind you.
If I need the space, I will try and use it. But, I will move back slowly, and stop if I meet any resistance. There is nothing worse than having someone slam their seat back into your laptop (or worse, onto your knees…)
I think people are missing a main point here. There is nothing wrong with IPv4, it works. It just can’t scale globally anymore, it doesn’t have enough space.
If you are running a worldwide network with millions of nodes, IPv6 is essential. But for things that are smaller than that, it becomes less essential. But what’s the best metric for adoption, how many small offices or home labs adopt it? Or how many large, worldwide networks?
For the same reason why they let so much water evaporate. They could convert some of that heat back into electricity, just like they could run closed-loop cooking systems, but it would cost more money than it would save. There’s no financial incentive to do so…
… Until regulators start insisting! These datacenter folks have gobs of money, we shouldn’t be shy about requiring them to not ruin the local environment.
It would be best to do it on a national level, otherwise these folks will just shift the development to someplace without the regulations.
Why are people acting surprised? This is exactly what DOGE intended to do.
How many AI datacenters will it take to boil the ocean?
It’s effective in terms of cranking out software. I’m talking about skilled senior engineers managing this directly. They know what they’re about. But at what cost?
Those senior engineers became skilled by starting out as entry-level engineers who didn’t know all that stuff, but learned from the senior engineers before them (and by writing a lot of bugs that hopefully got caught by code reviews.) Now, companies are using AI as an excuse not to hire entry-level people.
15 years from now, we will find there are no mid-level people to promote, because they never got their entry-level job and are now waiting tables.
Total guess, but probably $100-150/mo or so to rent 1U (and redundant power), and probably an installation charge (and a charge every time they need to touch the hardware for any reason). There may be extra charges for the uplink.
Unless you have a need for that specific hardware to be there, it would probably be cheaper (and more maintainable) to go rent a virtual server somewhere.
I bet those politicians are getting some sweet bribes gratuitues
I won’t even get contact lenses, I ain’t letting them putting a chip in my brain.
Those datacenters are already built, though, and consume a fraction of the power of the new sloppified AI stuff. You can get space in one right now, if you want
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I am not a dual citizen, but know several. The benefit is that you have all the rights of a citizen in either country, the chief benefit is that you can stay in either country as long as you want to, and not worry about any visa limits.
The main drawback is that you are subject to all of the regulations in both countries, and if you get in some sort of legal trouble in one country, the other country can’t help you at all. (Of course, they may not have helped either way).
If you are a citizen of a country, you often must show that passport when entering. So these people frequently travel with both passports, and when going to a third country, use whichever one is most advantageous.
Yes, cash is still very much in use in the US. And you can pay the IRS in cash, at least for amounts less than $1000. But checks are also in use here. I’ve bought a few cars with cashier’s checks and nobody has given me a hassle about it.
However, there are certain venues now that will not accept cash at all. Theme parks, stadiums, concerts: they are mostly places where places to spend money are spread out, and the burden of physically handling the cash is a lot. I have seen theme parks with kiosks at the entrance to convert people’s cash into VISA debit card accounts just to facilitate this. I guess they think it makes it all more efficient.
I will say that while I still carry around cash, after the pandemic I refuse to carry around loose change. Why would I? I will never need to use a pay phone anymore, and most parking meters can be topped up from your phone. Anytime I buy something in cash and get change, I usually just put it in the tip jar, because there is no more room in that jar on the dresser.
Exactly. My terminology might not be correct, but my point is that their books can be perfectly balanced, and they can also be losing a shit-ton of money, as long as investors keep shoveling money in.