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mwhitfield

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mwhitfield
·há 3 meses·discuss
No, it's

average poverty ≝ average(1 / annual income)

Inversely proportional to the harmonic mean of average yearly income.
mwhitfield
·há 8 meses·discuss
I've had *very* much the opposite experience. Very nearly every AI skeptic take I read has exactly this opinion, if not always so well-articulated (until the last section, which lost me). But counterarguments always attack the complete strawman of "AI is utterly useless," which very few people, at least within the confines of the tech and business commentariat, are making.
mwhitfield
·há 8 meses·discuss
Or the twitter account of any VC
mwhitfield
·há 3 anos·discuss
You gotta remember, what's being sold in this kind of pitch is not a business model. They're looking for unicorns. What's being sold is the maximum possible size of the market you can extract value from.

I'm no VC, but I feel like if I am and you're telling me that _all_ consumer transactions of any kind are going to flow through a portal _you_ own, it doesn't get much bigger than that. The odds of success don't have to be that high, and in principle you just factor the possibility that the founder's full of crap into those odds; you don't have the time to understand every possible market and every person pitching you in the depth necessary to make that determination, right?