To me, the cost estimates seem a bit off and conflate capital with running costs.
The main benefit for space at the moment seems to be sidestepping terrestrial regulations.
Might as well say the people who read your books aren’t allowed to teach the concepts or theories. Completely asinine argument. If you don’t want the knowledge to proliferate, then don’t publish. They’re not copying and redistributing.
Meanwhile, jurisdictions outside of us copyright protection will leapfrog us because we can’t get out of our own way.
I strongly suspect that wall street has looked at 401k's/index funds as a giant money filled piñata. It is a huge pile of money following a well understood algorithm which makes it vulnerable to attack.
I suspect that this is the absolute core of "dark pool" strategy. Any trade that happens behind closed doors that "doesn't impact prices" means that an index fund is buying or selling at a price other than the "real" price meaning that dark pools are functionally a wealth transfer from grandma to an institutional trader.
While I'm not a fan of the "dark pools", if your "grandma" is a buy and hold anyway, the price of the asset should be ballpark correct most of the time since presumably the people doing the trades in the dark room are rational? I suspect that this setup is more useful if you need short term stability in the price to set up a complex deal.
Paying for a service and not getting what you expect, especially when it comes to your taxes is no joke.
Instead of having to start from scratch, our team at Kick is moved quickly to build these resources to help prior Bench customers:
1. Free Bench migration
2. Free 2024 Bookkeeping review calls
3. Free Daily Live Q&As (coming soon)
We’re moving fast and sharing additional resources and updates in real time here:
Other resources on the way include a Tax Extension Guide and Accountant Directory to make sure folks get a soft landing is this difficult time.
If you're running into issues, my email me at conrad@kick.co and I’ll do the best I can to route you to the right place.
Also, it seems a bit odd to me that the "balance sheet" ability is two non-free pricing levels deep into your service. Isn't that a baseline expectation?
These LLM’s are inherently a bit like lossy compression algorithms. They take information and pack it in a way that keeps its essence around (at least that is the plan). But like any lossy compression, you cannot reconstruct the original. Training a lossy compression scheme like an LLM using its own data is just taking that already packed information and degrading it.
I hope I’m right framing it this way because ultimately that is partly what an LLM is, it’s a lossy compression of “the entire internet”. A lossless model that can be queried like an LLM would be massive, slow and probably impossible with today’s tech.
I suspect that we will develop new information theory that mathematically proves these things can’t escape the box they were trained in, meaning they cannot come up with new information that isn’t already represented in the relationships between the various bits of data they were constructed with. They can “only” find new ways to link together the information in their corpus of knowledge. I use “only” in quotes because simply doing that alone is pretty powerful. It’s connecting the dots in ways that haven’t been done before.
Honestly the whole LLM space is cool as shit when you really think about it. It’s both incredibly overhyped yet very under hyped at the same time.
Over long time scales (and big company revenue streams), this is sort of a wash. I think this hurts startups a bit more due to the long timescales involved which eats up much needed cash in the short term.