Yep. Totally agreed that it's well defined. Only pointing out that the technical execution required will shift, which seems relevant because it's likely to make it take much longer than without this effect
Because before buybacks there were dividends. Did the difference between buybacks and dividends really make the difference between doing basic research and not?
It’s likely, dividends provide higher levels of exponential growth long term for an otherwise steady state company. It makes them more compelling than many long term investments.
Convert X% of a stocks value into a dividend and you pay taxes on that before you can buy more stock, but someone who keeps buying stock sees an exponential return. (Higher percentage of the company = larger dividends)
A company buys back X% of its stock functions like a dividend w/ stock purchase, but without that tax on dividends you’re effectively buying more stock. Adding a tax on stock buybacks could eliminate such bias, but it’s unlikely to happen any time soon.
Just because trillions are currently spent on employees, does not mean that another trillions exists to spend on AI. And if, instead, one's position is that those trillions will be spent on AI instead of employees, then one is envisioning a level of mass unemployment and ensuing violence that will result in heads on pikes.
I often do that frequently. I should do it, but forget to not fully proof read after a quick edit. I also regularly leave out n't a lot when changing where a negation happens (see above).
"In hindsight, the ad slogan 'Sunshine on your privacy' was a little too obvious, even for modern consumers. Let's Dazzle them with the next shiny thing instead."
OP isn’t talking about systems at large, but specifically about LLMs and the pervasive idea that they will turn agi and go rogue. Pretty clear context given the thread and their comment.
I think GP knows that and it's exactly their point: why do you need slightly less water to stop mould growth as the temperature slightly drops? (If anything, one might expect the opposite anecdotally - it's e.g. hot and humid bathrooms that are particularly prone.)
Wait, aren't they cancelling leases on non-ai data centers that aren't under Microsoft's control, while spending much more money to build new AI focused data centers that that own? Do you have a source that says they're canceling their own data centers?
Microsoft itself hasn't said they're doing this because of oversupply in infrastructure for it's AI offerings, but they very likely wouldn't say that publicly even if that's the reason.
reply