How did that work out?
Very well? There hasn't been open war between EU countries since WW2.
Readit Newspotatototoo99 commented on AMD CEO sees chips from TSMC's US plant costing 5%-20% more bloomberg.com/news/articl... · Posted by u/mfiguiere
potatototoo99 commented on The AI bubble today is bigger than the IT bubble in the 1990s apolloacademy.com/ai-bubb... · Posted by u/akyuu
I was also around, and I concur.
NVDA has a P/E of 55, which is definitely elevated, but nowhere near the 230+ that CSCO had at that time. TO say nothing of SUNW.
The big AI labs are definitely losing money, but they're doing it on the back of tens of (rapidly growing) billions of dollars in ARR, versus the dot com e-commerce and portal flameouts who would go public on (maybe) a million in revenue, at best.
We also have large AI teams at FAANG who are being funded directly by the fat margins of these companies, whose funding is not dependent on the whims of VC, PE or public markets.
These times are not really comparable.
Tesla's P/E is at 177.04, a lot of other AI companies are private so we can't really say.
potatototoo99 commented on EU pushes ahead with Big Tech antitrust enforcement wsj.com/tech/eu-pushes-ah... · Posted by u/giuliomagnifico
"The original decision covered the period from 1991 to 2014. The European Commission is trying to retroactively change the rules and ignore that, as required by international tax law, our income was already subject to taxes in the US."
how is this not trade war by EU. They are making apple pay taxes from 3 decades ago?
They broke the law, Apple and Ireland. Just because Ireland is a country it doesn't mean it can't be subject to laws.
> "Ireland granted Apple unlawful aid which Ireland is required to recover". The European Commission found that corporate tax rates as low as 0.005% paid by the tech giant represented an unlawful subsidy. Specifically because other companies were not permitted to obtain the same tax arrangements. As a consequence Apple must pay €13 billion, excluding interest, to the Irish Treasury.
Of all the countries to have a bitcoin strategic reserve, the US is where it makes the least sense. Replacing a reserve currency they control with another they can't.
> Putting aside my opinions on La Liga overreach, it will also be a problem if companies get to say to courts "Oh, well, if you block those IPs the internet goes down for your country, so let us know what you want to block and maybe we'll get around to it."
On the contrary, it would be an excellent outcome if the Internet became all-or-nothing, and countries could either choose to provide Internet access or block the entire Internet, with zero ability to selectively block things they don't like.
Doing that via a few centralized CDNs would be bad. Doing that at the protocol level would be excellent.
So... you don't agree with the existence of laws? And differing jurisdictions?
Dead Comment
potatototoo99 commented on Buy, Borrow, Die – Explained old.reddit.com/r/BuyBorro... · Posted by u/nkurz
> Supporting the war in Ukraine is just another example of “bombing brown people”, yet you appear completely oblivious.
How?
Russia invades the Ukraine. Ukraine defends itself. Ukraine's allies, incl. the USA, send weapons. None of the allies, incl. the USA, fight in Ukraine or Russia.
I'm afraid your independent thinking has formed a prejudiced opinion. George Carlin would not be proud.
The US has no allies, only interests. It interests us to be adversarial to Russia. It interests us to "bomb brown people". None of which is done out of some moral duty.
Matt Levine put this as a great idea for a lucrative job in his Bloomberg column (where hedge fund can be replaced with any company):
> Take a job at a hedge fund.
> Get handed an employment agreement on the first day that says “you agree not to disclose any of our secrets unless required by law.”
> Sign. Take the agreement home with you.
> Circle that sentence in red marker, write “$$$$$!!!!!” next to it and send it to the SEC.
> The SEC extracts a $10 million fine.
> They give you $3 million.
> You can keep your job! Why not; it’s illegal to retaliate against whistleblowers. Or, you know, get a new one and do it again.
https://www.bloomberg.com/opinion/articles/2024-07-15/openai... (archive: https://archive.ph/SWLh0)
Safety risks are not trade secrets.
potatototoo99 commented on Canada's extremist attack on free speech theatlantic.com/ideas/arc... · Posted by u/duringmath
Violent uprising/revolution seems very unnecessary when Canada has regular stable elections in which to change course
Democracies can go astray as well, the will of the majority is not above human rights.
I think where people get confused is that it's implemented as a tax credit which is equal to the income tax you pay locally.
On top of that the first $130k earned is also exempt, so it only applies to high earners as well