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Bill Ackman reveals the exact difference between valuing a stock and valuing a bond that most people never learn "A bond pays a 5% coupon interest rate. You get that every year, and it's very predictable. If it's a US Government Bond, you know you're going to get it....

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Jaynit

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Dan has a distinctive lens for understanding companies and his view on LLMs as a blend of Netflix and Spotify is particularly interesting: "You are spending a ton of money upfront to train these models. You go sell them at extremely high incremental margins. You don't know what the revenues are going to be, but you want to sell as much as possible so that you can get the cash flow to build the next model. That's very similar to Netflix. When you're an early mover in this fixed asset business, you invest heavily, you get the revenues, and you spread it out over an increasing number of people. The difference is Netflix's content was differentiated. The models are more similar than they are different at any given time. That's where the Spotify analogy comes in. The differentiating factor will not necessarily be that Google gives you a better answer. However, the personalization matters. The first mover advantage is the more that these models know about you, you build up this data history and it becomes very sticky. What makes Spotify have pricing power? It's because they've tailored the service to take a product which is a commodity, and personalize it to the point where you're willing to pay a premium for that commodity."
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I love this idea from Jason Fried "Your only competition is your costs." Keep costs low, keep the team small, make stuff you want to use. You don't need the whole world: “A business is very simple. You got to make more than you spend. If you're making more than you spend, then your competition is your cost. That's what you're really in business against, how much it costs you to stay in business. It's not all the other alternatives that are on the market. You can't control what they're going to put out there, what they're going to price it at, all the things they're going to do. They're going to do what they're going to do. What I can control is how much it costs me to run my business, how much I sell my product for, and as long as I make more than I spend, I get to stay in business. And isn't that what this is all about, staying in business? That's what it's all about because I like this. I want to keep doing this. I can't keep doing it if I don't stay in business. I can't keep doing it if I make less than it costs me to make the things that I make. So I'm always thinking about the only competition I really have on an annual basis is to make sure that we make more as a company than it costs us to run the company. That's my real competition.”
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I love this idea from Jason Fried "Your only competition is your costs." Keep costs low, keep the team small, make stuff you want to use. You don't need the whole world: “A business is very simple. You got to make more than you spend. If you're making more than you spend, then your competition is your cost. That's what you're really in business against, how much it costs you to stay in business. It's not all the other alternatives that are on the market. You can't control what they're going to put out there, what they're going to price it at, all the things they're going to do. They're going to do what they're going to do. What I can control is how much it costs me to run my business, how much I sell my product for, and as long as I make more than I spend, I get to stay in business. And isn't that what this is all about, staying in business? That's what it's all about because I like this. I want to keep doing this. I can't keep doing it if I don't stay in business. I can't keep doing it if I make less than it costs me to make the things that I make. So I'm always thinking about the only competition I really have on an annual basis is to make sure that we make more as a company than it costs us to run the company. That's my real competition.”

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Warren Buffett: "To sell off something that is a really wonderful business — because the price looks a little high or something like that — is almost always a mistake." "If you really believe that the long-term economics of the business are terrific, it's very rare that it makes any sense to sell it."
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Anne Hathaway admits she took on five massive blockbuster movies in a single year just to prove a point about male laziness "I mean they [men] are at a disadvantage. It's just a literal truth." Host: "Anne Hathaway having 5 movies premiering this year and then announcing that she is pregnant is the level of productivity that men can't achieve." The career: "I've been doing this for a very, very, very long time. And I hope to do it for, you know, a long time to come." Anne: "you just never know, there's, there's peaks, there's valleys, there's everything in between. And so it's just crazy to have a time like this where you pull these cards." "the thing that's so exciting is they're films that audiences want to see. Which is just one of my favorite things in the world is going to the movies." "And then yeah to have this personal thing going on at the same time, it's amazing."

Rixlerr

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Naval Ravikant: "The only true test of intelligence is if you get what you want out of life" "There are two parts to that. One is getting what you want, so you know how to get it. The second is wanting the right things, knowing what to want in the first place. I could want to be a 6'8" basketball player and I'm not going to get that. That's wanting something you can't get. But there's also wanting something that's a booby prize, prizes that are just not worth having, or that create their own problems." Naval explains how people end up in places they never meant to be: "If you're not careful, you can end up in a place in life not only that you don't want to be, but one you didn't even mean to get to. Usually people end up there because they're going on autopilot with societal expectations. Or out of guilt. Or out of mimetic desire, our desires are picked up from other people. Go to law school, go to med school, go to business school. Or it might be what your parents expect. Guilt is just society's voice speaking in your head so you'll be a good little monkey." He shares a problem most people have: "We run on these four-year cycles. You join a startup, you vest over four years. College is four years. High school is four years. You go to law school, that's a 5-year cycle. You become a lawyer, that's a 40-year cycle. These are very long cycles. But the amount of time we spend deciding what to do and who to do it with? Very short. We spend one month deciding on a job where we're going to be for 10 years." Naval's rule: "If you're making a four-year decision, spend a year thinking it through. Really thinking it through. 25% of the time." He explains the Secretary Theorem: "It turns out the optimal time to search is about a third. By a third of the way through, you've seen enough to know what the bar is. Then anybody who meets or exceeds that bar is good enough. But here's the key: it's not time-based. It's iteration-based. You need to take opportunities quickly and bail out quickly. If you look at failed relationships, the biggest regret is usually staying after you knew it was over." Naval reframes the 10,000 hour rule: "Malcolm Gladwell popularized 10,000 hours to mastery. I'd say it's actually 10,000 iterations to mastery. Iteration is not repetition. Repetition is doing the same thing over and over. Iteration is modifying it with learning and doing another version. That's error correction. If you get 10,000 error corrections in anything, you will be an expert." On pessimism vs. optimism: "You want to be skeptical about specific things, every specific opportunity is probably a fail. But you want to be optimistic in the general. Something in here is going to work out. If something fails, it was a learning experience. It was an iteration. As long as you learned something, it's a win. You don't want to jump into the first thing. But once you find the match, you have to be willing to go all in. Move your chips to the center of the table." He concludes: "Most people are stuck in this gray bit. 'I'm half in, but I don't really know.' That doesn't work. It's a barbell strategy, black or white. Explore quickly, cut losses fast. Then when you find the right thing, compound into it."
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Naval Ravikant: "The only true test of intelligence is if you get what you want out of life" "There are two parts to that. One is getting what you want, so you know how to get it. The second is wanting the right things, knowing what to want in the first place. I could want to be a 6'8" basketball player and I'm not going to get that. That's wanting something you can't get. But there's also wanting something that's a booby prize, prizes that are just not worth having, or that create their own problems." Naval explains how people end up in places they never meant to be: "If you're not careful, you can end up in a place in life not only that you don't want to be, but one you didn't even mean to get to. Usually people end up there because they're going on autopilot with societal expectations. Or out of guilt. Or out of mimetic desire, our desires are picked up from other people. Go to law school, go to med school, go to business school. Or it might be what your parents expect. Guilt is just society's voice speaking in your head so you'll be a good little monkey." He shares a problem most people have: "We run on these four-year cycles. You join a startup, you vest over four years. College is four years. High school is four years. You go to law school, that's a 5-year cycle. You become a lawyer, that's a 40-year cycle. These are very long cycles. But the amount of time we spend deciding what to do and who to do it with? Very short. We spend one month deciding on a job where we're going to be for 10 years." Naval's rule: "If you're making a four-year decision, spend a year thinking it through. Really thinking it through. 25% of the time." He explains the Secretary Theorem: "It turns out the optimal time to search is about a third. By a third of the way through, you've seen enough to know what the bar is. Then anybody who meets or exceeds that bar is good enough. But here's the key: it's not time-based. It's iteration-based. You need to take opportunities quickly and bail out quickly. If you look at failed relationships, the biggest regret is usually staying after you knew it was over." Naval reframes the 10,000 hour rule: "Malcolm Gladwell popularized 10,000 hours to mastery. I'd say it's actually 10,000 iterations to mastery. Iteration is not repetition. Repetition is doing the same thing over and over. Iteration is modifying it with learning and doing another version. That's error correction. If you get 10,000 error corrections in anything, you will be an expert." On pessimism vs. optimism: "You want to be skeptical about specific things, every specific opportunity is probably a fail. But you want to be optimistic in the general. Something in here is going to work out. If something fails, it was a learning experience. It was an iteration. As long as you learned something, it's a win. You don't want to jump into the first thing. But once you find the match, you have to be willing to go all in. Move your chips to the center of the table." He concludes: "Most people are stuck in this gray bit. 'I'm half in, but I don't really know.' That doesn't work. It's a barbell strategy, black or white. Explore quickly, cut losses fast. Then when you find the right thing, compound into it."

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Bohacek: It's not a word that we use. And it's hurtful and it's inappropriate. And if you think about this, how are we going to tell a 12 or 13 year old kid to not use that kind of language when the most powerful man in the world, who is a role model to many, is
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Bohacek: It's not a word that we use. And it's hurtful and it's inappropriate. And if you think about this, how are we going to tell a 12 or 13 year old kid to not use that kind of language when the most powerful man in the world, who is a role model to many, is

Acyn

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Chamath and Larry Summers Debate the Market Reaction to Trump's Tariffs Lawrence H. Summers: "If this is such a terrific thing, why do markets think it's so terrible for the American economy?" "Maybe the market's just completely wrong ... but the job of markets is to look forward." "It's to look passed the immediate." "It's to see what the long run consequences are going to be." "And markets are making a pretty devastatingly negative judgment on this step." Chamath Palihapitiya: " Larry, that's not true." " So let's just establish a couple facts about 'the markets.'" "Number one, there are two markets and they behave totally differently, and sometimes inversely to each other." "There's the stock market and there's the bond market." 1) Stocks: mean reversion "With respect to the stock market, what they are debating, and you're right Larry, is what is the effective long-term rate of return a dollar needs to generate in order to pay me back that dollar?" "That is what the fundamental stock market does." "And what we've seen for many years with trade imbalances, trade deficits, and close-to-zero interest rates, of which more of that happened under Democrats than Republicans, we have allowed the stock market to inflate past historical averages." " What we've actually seen happen in the last week is what most people would call mean reversion." "The stock market is still way above where it was last year, two years ago, three years ago." "What has happened is that the forward multiples have compressed. So that's number one. That's a fact." 2) Bonds: it's possible a major trade blew up "And then with respect to bonds, what we are seeing now is there are two very complicated issues." "In the last two days, we saw one part of the bond market totally get out of whack." "And what we know is that the yields changed materially in a very acute way, which is atypical of how the bond market typically digests a philosophical change in approach to policy." " What we heard in the last 24 hours is a lot of this move may have been attributed to an enormous levered bet on US treasuries by a Japanese hedge fund." " It will take three, and four, and five, and six weeks for us to really know." 3) Private credit: something to watch closely " Separately, what we do know, though, where the structural complexity of the market — and this is where, Larry, I agree with you — is acute and important to observe is in the credit markets for private companies." "And that is where you have to pay a lot of attention."
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Chamath and Larry Summers Debate the Market Reaction to Trump's Tariffs Lawrence H. Summers: "If this is such a terrific thing, why do markets think it's so terrible for the American economy?" "Maybe the market's just completely wrong ... but the job of markets is to look forward." "It's to look passed the immediate." "It's to see what the long run consequences are going to be." "And markets are making a pretty devastatingly negative judgment on this step." Chamath Palihapitiya: " Larry, that's not true." " So let's just establish a couple facts about 'the markets.'" "Number one, there are two markets and they behave totally differently, and sometimes inversely to each other." "There's the stock market and there's the bond market." 1) Stocks: mean reversion "With respect to the stock market, what they are debating, and you're right Larry, is what is the effective long-term rate of return a dollar needs to generate in order to pay me back that dollar?" "That is what the fundamental stock market does." "And what we've seen for many years with trade imbalances, trade deficits, and close-to-zero interest rates, of which more of that happened under Democrats than Republicans, we have allowed the stock market to inflate past historical averages." " What we've actually seen happen in the last week is what most people would call mean reversion." "The stock market is still way above where it was last year, two years ago, three years ago." "What has happened is that the forward multiples have compressed. So that's number one. That's a fact." 2) Bonds: it's possible a major trade blew up "And then with respect to bonds, what we are seeing now is there are two very complicated issues." "In the last two days, we saw one part of the bond market totally get out of whack." "And what we know is that the yields changed materially in a very acute way, which is atypical of how the bond market typically digests a philosophical change in approach to policy." " What we heard in the last 24 hours is a lot of this move may have been attributed to an enormous levered bet on US treasuries by a Japanese hedge fund." " It will take three, and four, and five, and six weeks for us to really know." 3) Private credit: something to watch closely " Separately, what we do know, though, where the structural complexity of the market — and this is where, Larry, I agree with you — is acute and important to observe is in the credit markets for private companies." "And that is where you have to pay a lot of attention."

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.Rob Miles is spitting fire: “People are starting from a prior in which ‘[AIs] are safe until you give me an airtight case for why they're dangerous.’ This framing is exhausting. You explain one of the 10,000 ways that AIs could be dangerous, then they explain why they don't think that specific thing would happen. Then you have to change tack, and then they say, 'your story keeps changing'... "If you're building an AGI, it's like building a Saturn V rocket [but with every human on it]. It's a complex, difficult engineering task, and you're going to try and make it aligned, which means it's going to deliver people to the moon and home again. People ask “why assume they won't just land on the Moon and return home safely?" And I'm like, because you don't know what you're doing! If you try to send people to the moon and you don't know what you're doing, your astronauts will die. [Unlike the telephone, or electricity, where you can assume it’s probably going to work out okay] I contend that ASI is more like the moon rocket. "The moon is small compared with the rest of the sky, so you don't get to the moon by default - you hit some part of the sky that isn't the moon. So, show me the plan by which you predict to specifically hit the moon." And then people say, “how do you predict that [AIs] will want bad things?” There's more bad things than good things! It's not actually a complicated argument... I'm not going to predict specifically where it off into random space your astronauts are going, but you're not going to hit the moon unless you have a really good, technically clear plan for how you do it. And if you ask these people for their plan, they don't have one. What's Yann Lecun’s plan?” "I think that if you're building an enormously powerful technology and you have a lot of uncertainty about what's going to happen, this is bad. Like, this is default unsafe. If you've got something that's going to do enormously influential things in the world, and you don't know what enormously influential things it's going to do, this thing is unsafe until you can convince me that it's safe." HOST: “That’s a good way of thinking about it - with some technologies you can assume that the default will be good or at least neutral, or that the capacity of a person to use this in a very bad way is bounded somehow. There's just only so many people you could electrocute one by one."
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.Rob Miles is spitting fire: “People are starting from a prior in which ‘[AIs] are safe until you give me an airtight case for why they're dangerous.’ This framing is exhausting. You explain one of the 10,000 ways that AIs could be dangerous, then they explain why they don't think that specific thing would happen. Then you have to change tack, and then they say, 'your story keeps changing'... "If you're building an AGI, it's like building a Saturn V rocket [but with every human on it]. It's a complex, difficult engineering task, and you're going to try and make it aligned, which means it's going to deliver people to the moon and home again. People ask “why assume they won't just land on the Moon and return home safely?" And I'm like, because you don't know what you're doing! If you try to send people to the moon and you don't know what you're doing, your astronauts will die. [Unlike the telephone, or electricity, where you can assume it’s probably going to work out okay] I contend that ASI is more like the moon rocket. "The moon is small compared with the rest of the sky, so you don't get to the moon by default - you hit some part of the sky that isn't the moon. So, show me the plan by which you predict to specifically hit the moon." And then people say, “how do you predict that [AIs] will want bad things?” There's more bad things than good things! It's not actually a complicated argument... I'm not going to predict specifically where it off into random space your astronauts are going, but you're not going to hit the moon unless you have a really good, technically clear plan for how you do it. And if you ask these people for their plan, they don't have one. What's Yann Lecun’s plan?” "I think that if you're building an enormously powerful technology and you have a lot of uncertainty about what's going to happen, this is bad. Like, this is default unsafe. If you've got something that's going to do enormously influential things in the world, and you don't know what enormously influential things it's going to do, this thing is unsafe until you can convince me that it's safe." HOST: “That’s a good way of thinking about it - with some technologies you can assume that the default will be good or at least neutral, or that the capacity of a person to use this in a very bad way is bounded somehow. There's just only so many people you could electrocute one by one."

AI Notkilleveryoneism Memes ⏸️

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Johnson: They are placing the burden on the Republican Party entirely to make sure that we have border security funding, and ICE because they are going to try to force it into a reconciliation bill. That's a very difficult task. It's a high-risk gamble for us to assume that we can do that.
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Johnson: They are placing the burden on the Republican Party entirely to make sure that we have border security funding, and ICE because they are going to try to force it into a reconciliation bill. That's a very difficult task. It's a high-risk gamble for us to assume that we can do that.

Acyn

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Trump: I hope we get cooperation from the courts because you know, we have thousands of people that are ready to go out. And you cannot have a trial for all of these people. The system was not meant that not -- we don't think there is anything that says… We are getting them out. And a judge cannot say no, you have to have a trial. The trial is going to take two years. No, we are going to have a very dangerous country if we are not allowed to do what we are entitled to do.
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Trump: I hope we get cooperation from the courts because you know, we have thousands of people that are ready to go out. And you cannot have a trial for all of these people. The system was not meant that not -- we don't think there is anything that says… We are getting them out. And a judge cannot say no, you have to have a trial. The trial is going to take two years. No, we are going to have a very dangerous country if we are not allowed to do what we are entitled to do.

Acyn

327,595 Aufrufe • vor 1 Jahr

THE ECONOMICS OF A FIREWOOD BUSINESS Do you know what the net profit margin is on a firewood business? 85% And I know that because I've talked to dozens of people running these businesses and the numbers are wild This is exactly how it works: 1) You can get firewood for free or extremely cheap. People are literally paying tree companies like mine to get rid of trees. You show up with a truck, you haul it away and they're thanking you for it. 2) Then you split it, you stack it and you season it for a few months and sell it for $300 to $600 per cord. Startup costs are almost nothing, a chainsaw, an axe or a log splitter and a truck and you can rent a log splitter for $70 a day. You could be in this business for under $800. Some people start with even less by borrowing equipment and this is perfect because the demand is consistent. People need fire wood every single winter. It's not a fad, it's not going away and it's local and in the summertime you sell to the barbecue enthusiast. You're not competing with Amazon or big corporations, you 're competing with maybe three other guys in the area that don't even know what a website is. The work is physical but it's simple, you're going to the gym anyway. Cut, split, stack, deliver. No complicated systems, no tech skills required. You run this entire business from your phone with a Facebook marketplace and a Craigslist ad and winter's coming. The kicker is that you build up a customer base and then they come back every single year. So it's recurring revenue without a subscription model. People find a firewood guy that they trust and they stick with them forever. You could realistically do $50,000 to $150,000 a year seasonally working part-time. I'm stumped why more people aren't doing this.
1:20

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Chris Koerner

357,494 Aufrufe • vor 5 Monaten

Warren Buffett: "We want people to buy [Berkshire Hathaway stock] only if they expect to be holders for a very long time." "We do not want people to come in who think it's going to be a hot stock or selling for more a year from now — because we don't have the faintest idea whether it's going to be selling for more or less a year from now."
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Warren Buffett: "We want people to buy [Berkshire Hathaway stock] only if they expect to be holders for a very long time." "We do not want people to come in who think it's going to be a hot stock or selling for more a year from now — because we don't have the faintest idea whether it's going to be selling for more or less a year from now."

Kevin Carpenter

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It's not important that your partner is an identical copy of you. It's important that they're not, that they bring something else to the table that you don't have. Now, in the context of entrepreneurship, because that's what I'm associated with, you need to find somebody that's willing to put up with the fact that you're just never there. I mean, that's very difficult because if you're running a business and you can't have a balanced life when you're an entrepreneur. It's really about finding that person that understands what you're about, that you're going down that journey and that you're not gonna stop doing it.
2:20

It's not important that your partner is an identical copy of you. It's important that they're not, that they bring something else to the table that you don't have. Now, in the context of entrepreneurship, because that's what I'm associated with, you need to find somebody that's willing to put up with the fact that you're just never there. I mean, that's very difficult because if you're running a business and you can't have a balanced life when you're an entrepreneur. It's really about finding that person that understands what you're about, that you're going down that journey and that you're not gonna stop doing it.

Kevin O'Leary aka Mr. Wonderful

17,254 Aufrufe • vor 7 Monaten

VACCINES IN FOOD: Tennessee lawmakers are calling for legislation requiring any food that "contains a vaccine or vaccine material" to carry the same sort of medical labelling as injectable vaccines or medications. "When you go into a grocery store, you should know as a consumer, this head of lettuce is a head of lettuce, the head of lettuce right next to it could contain a vaccine in it. All we're saying is if it does have the vaccine in it, make sure it's listed as a pharmaceutical so people can get the proper dosage." "This is more of a consumer protection bill... to make sure that if you're going in to buy tomatoes, and there's a polio vaccine in there, that you are aware that what you're buying has a polio vaccine." "The problem you have is, if it's not treated as a pharmaceutical, being the size and difference between you and me, how many tomatoes do I have to eat to get the proper dosage versus how many tomatoes that you have to eat? And if you eat too many, do you get an overdose?"
1:51

VACCINES IN FOOD: Tennessee lawmakers are calling for legislation requiring any food that "contains a vaccine or vaccine material" to carry the same sort of medical labelling as injectable vaccines or medications. "When you go into a grocery store, you should know as a consumer, this head of lettuce is a head of lettuce, the head of lettuce right next to it could contain a vaccine in it. All we're saying is if it does have the vaccine in it, make sure it's listed as a pharmaceutical so people can get the proper dosage." "This is more of a consumer protection bill... to make sure that if you're going in to buy tomatoes, and there's a polio vaccine in there, that you are aware that what you're buying has a polio vaccine." "The problem you have is, if it's not treated as a pharmaceutical, being the size and difference between you and me, how many tomatoes do I have to eat to get the proper dosage versus how many tomatoes that you have to eat? And if you eat too many, do you get an overdose?"

Wide Awake Media

102,972 Aufrufe • vor 2 Jahren

US President Trump: "[Zelensky] has to be realistic. And I do wonder about, you know, how long is it going to be until they have an election. You know, it's a democracy. It's a long time. They haven't had an election in a long time. He's losing a lot of people. And it's possible that the people - you know, if you look at the polls, I will say 82 percent. There was a poll that came out. 82 percent of the people are demanding a settlement to be made - Ukrainian people."
1:12

US President Trump: "[Zelensky] has to be realistic. And I do wonder about, you know, how long is it going to be until they have an election. You know, it's a democracy. It's a long time. They haven't had an election in a long time. He's losing a lot of people. And it's possible that the people - you know, if you look at the polls, I will say 82 percent. There was a poll that came out. 82 percent of the people are demanding a settlement to be made - Ukrainian people."

Status-6 (War & Military News)

54,407 Aufrufe • vor 7 Monaten

Hitmaka explains to Shannon Sharpe that money isn't in streaming when he brings that Drake has already done over a billion streams (2) this year. "The money is in radio, it's in performance. This is what the real deal is, I can compare Spotify, Apple and everyone for you where you can get a real idea about it. They're TV networks, NFL got a deal with them, did you get a cheque from ABC? That's how hard it is to get a cheque from streaming. It's only a few companies in this business, Universal pretty much owns the whole music business. If Universal goes and does a deal with Spotify/Apple Music for their artists, they received a large lump sum, they ain't worried about that trickle down effect." "The top artists are going to make their money. The Taylor Swifts, the Drakes, they going to get good money."
2:09

Hitmaka explains to Shannon Sharpe that money isn't in streaming when he brings that Drake has already done over a billion streams (2) this year. "The money is in radio, it's in performance. This is what the real deal is, I can compare Spotify, Apple and everyone for you where you can get a real idea about it. They're TV networks, NFL got a deal with them, did you get a cheque from ABC? That's how hard it is to get a cheque from streaming. It's only a few companies in this business, Universal pretty much owns the whole music business. If Universal goes and does a deal with Spotify/Apple Music for their artists, they received a large lump sum, they ain't worried about that trickle down effect." "The top artists are going to make their money. The Taylor Swifts, the Drakes, they going to get good money."

ZADCOZZY

90,279 Aufrufe • vor 5 Monaten

Elon Musk: In the future, every country will have its own AI clusters. “It's currently very difficult to actually build an AI cluster and have it run. It's not like just pulling a computer out of a box. They are currently very difficult to run. And are you going to be training a frontier model? Because if you're training a frontier model, then you need a massive amount of compute and a level of technical skill that only a few companies possess. But, over time, I think every country will have AI compute clusters. It's just going to be a normal thing.” Future Investment Initiative, October 29, 2024
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Elon Musk: In the future, every country will have its own AI clusters. “It's currently very difficult to actually build an AI cluster and have it run. It's not like just pulling a computer out of a box. They are currently very difficult to run. And are you going to be training a frontier model? Because if you're training a frontier model, then you need a massive amount of compute and a level of technical skill that only a few companies possess. But, over time, I think every country will have AI compute clusters. It's just going to be a normal thing.” Future Investment Initiative, October 29, 2024

ELON CLIPS

95,313 Aufrufe • vor 7 Monaten