But that’s two different funding mechanics.

Defined benefit, buys bonds. So the government wants to build a metro in Sydney, borrow the money and own 100%.

Defined contribution, buys ownership. So the government wants to build a metro in Sydney, sells 40% ownership to fund the building phase.

It’s ultimately a global market. But every defined benefits plan active, adds to demand for bonds. Lowering the yield.

Defined contribution schemes are bad for the people selling bonds, e.g. people buying homes, governments and mega corps

So they’ll drop from inflated to fairly priced?

Bind yields are up and will continue to increase, because countries are moving from defined benefit- to contribution based- pension scheme’s.

Which makes bonds and the guaranteed returns a less interesting investment vehicle. The big pension market under transition right now is the Netherlands, but it’s a general trend across the globe that countries have been moving from defined benefit to contribution based schemes.

Another key difference, the Railway mania was powered by commoners investing. Not just a few rich bozos and enormous enterprises putting their money into it, as it is with AI

Nah, far from everyone wants to be a trillionaire, nor a billionaire. Sure most would want financial independence, but not a lot more than that

When the investors are Microsoft, Google, Meta and Amazon. Then they have some deep pockets

Ecosia is a little more complicated, as they’re co-owning an European focused search index with Qwant.

I can’t remember exact numbers, but the majority of searches in Ecosia/Qwant is not forwarded to Bing anymore

But the question is whether or not they’re actively holding debt or just letting themselves get diluted through investments.

There’s more supply than demand for compute at the moment, so Microsoft is more than happy to buy ownership through Azure credits - Likewise Amazon is with AWS credits

I recently read a decent article (in Danish mind you), focused on the positions some volunteers had from getting more fans to their local football club… Because they now posted stuff on Facebook.

Then followed up by an expert on engagement, and statistics on about half the population felt AI image generations to be off putting - And a fair chunk of the remainder not really caring, and a small minority finding it cool/useful.

That experts main position, was the human touch was lost and the volunteer of the local football club would most likely get more people to stadium if they asked a bunch of 2nd graders to draw match day posts.

Because it would genuinely connect to people. So yeah, a lot of smaller businesses and volunteers are currently having a feeling all of this AI gen is giving them more traffic and attention, but in reality they’re getting more attention because they went from doing nothing to doing something

You’re capping mate, it becomes a fluid after 15-30 minutes.

Why should it clog anything?

I think it’s pretty common to take a wank in the shower, but I suppose others use it for music or radios

To indicate terrorists are subjective

I know some people think like you, but it’s the most soul crushing shit in the world when all you do is wait for others.

Corporate jobs has always been soul crushing, and that’s why the cushy office jobs pays nicely. Because it drains you

For corporate software, there’s so many bugfixes and features, which require so few additions/changes that it’s faster to do it than to write the prompt.

But obviously only if you’re able to hold the entire codebase in your skull, but a proficient developer should be able to do so.

If people begin outsourcing these changes to LLMs, then they’re cooked and no longer able to verify the output.

I think a big unknown right now, would be how many Millennium Problems are new GenAI techniques able to bruteforce with existing mathematical techniques/theories?

We just saw one massive bruteforce, can we bruteforce any of the Millennium problems related to cryptography? Because then all hell could break lose rather quickly

AND it’s subsidised by too big a supply of compute power - Microsoft prints demand for Azure, by buying ownership stakes in openAI through the grant of Azure credits. There’s too much available compute.

Deepseek publicly claims to have created their models, by distilling competitors and that’s why they’re able to create them really really cheap.

There could be other motives behind such a claim, such as making competitors fear making their most powerful tools public.

Of course they have frontier labs around as well, at the very least at various universities.

What is the last known case of a US soldier disregarding an unlawful order?

Plenty of such reports from falcon pilots. They’re close enough to see the destruction they’re causing, so several stories have emerged of pilots calling off attacks