There’s a relevant structural difference between 401(k)s/IRAs and pensions. You get to choose how to invest your personal retirement accounts, while pensions are institutional investors with active managers. An individual retiree can adjust their retirement account’s risk profile over time, but a pension fund needs to be generating sufficient revenue to cover any upcoming disbursements. There are also often other constraints on the pension fund, such as being substantially invested in the sponsoring company or only investing in investment-grade securities. If a single significant investment blows up, this can threaten the solvency of the fund for all beneficiaries. There have been pension funds that have zeroed out their unvested beneficiaries due to insolvency.
My point in bringing this up is that the fact that most American retirements are self-directed rather than fixed-benefit means that the catastrophic scenario implied by the OP is less likely.
Yeah, that is what I was referring to about the lack of detail on restructuring. I want to know if people are losing their jobs and/or titles are being cancelled as part of these sales.
Any details about the studio spin-outs? The rumors were that Double Fine etc. would be closed, but all we know now is that some of them are being sold to management and others are being sold to other investors. Nothing about any commensurate restructurings.
Generative autocomplete with an underpowered model is pretty annoying. It hallucinates parameters and APIs. Something like Sonnet seems like the right level of sophistication.
The entire LLMaaS industry is priced below cost. Even if the marginal cost of electricity and bandwidth to produce one token is less than the price of that token, the amortized infrastructure and R&D costs make the entire venture unprofitable.
If pricing below cost were illegal, it would essentially make starting up a business—any business—impossible.
Do you also think all you can eat buffets should be illegal? What about early bird specials? Free soda with a large fry? Happy hour wings? Where does the “bundling” end?
TPMS has been mandatory in the U.S. since 2007. It turns out riding on under-inflated tires is dangerous, and people don’t regularly check their tire pressure.
My car will not exceed a certain speed if TPMS is malfunctioning.