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It’s good for existing share holders. IPOs can be bad for investors too. I wouldn’t want to touch this stock
It’s good for existing share holders. IPOs can be bad for investors too. I wouldn’t want to touch this stock
Computers only operate with a 1 or 0. Quantum computing is the ability to have multiple values between 1 and 0. This allows for more complex calculations to be done with less steps.
Something everyone saw coming
I mean what do you expect from a brokerage that charges nothing for trades? It’s not like they’re a giant brokerage who can make up no cost trades with financial advisory fees
I think it depends. Sometimes they are scanning everything, sometimes they just scan the large items.
And that’s assuming they put in a battery that large and not a marginally bigger battery than the competitors.
Must be great to read if you were one of the employees laid off from these companies.
Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI.
Now that is a damning statement. Usually an exec being fired is through sugar coated language like spending time with family, wants a new challenge, took a roll elsewhere, or retiring.
As someone who has to prep docs for the board review meetings, I’m super curious as to what he lied about
Revenue is how much you sold stuff for. Profit is how much did you make after paying for everything to run your business. They got $544M but spent $668M, so they didn’t make a profit.
The original captchas were to help computers read scanned books for OCR. It was a neat solution that had value where it prevented abuse on websites and helped open up knowledge to people.
Now captchas aren’t needed because of cookies and fingerprinting and tech companies know if you’re malicious or not. They kept it going because it’s so valuable to tech companies.
To train ai models
It’s a bit more complicated than that. There are a lot of accounting tricks to be constantly making losses but end up cash flow positive.
I don’t work or invest in Unity so I don’t have a great understanding of their metrics but companies I worked at would constantly capitalize new projects to add expenses in the future. You can structure sales deals so a new feature is added late in the contract. That pushes revenue out, but you can collect more cash early.
If unity didn’t do share buy backs this quarter, they would have a positive cash flow. Which points to they should be a profitable company but instead are using accounting tricks to post losses to lower tax bills.
They didn’t earn $544M, they had $544M in revenue. They lost $124M but it’s all due to their decisions. They have a great operating margin in the 60s and spent all the money elsewhere.
Not unless you pirate it
So many talented creators have left over bad working conditions. Not surprising it’s still going on now.
You can drop Google. Every company maximizes their profits. They only care about you if it helps them.
That is what happens with technology. Fewer people doing the same work. Before Excel it would take hundreds of finance professionals to manage budgets, now it’s a dozen.
The question is if there is enough new work to go around for people now that a lot of basic tasks are getting automated with AI. It so, more work will be available for people, if not, expect a lot more unemployment.
You can also weigh water, 100ml weighs 100 grams