Can confirm Japanese X is great, the translate feature in general is a lot of fun and works incredibly well, I didn't realize the tweets were translated for the longest time.
> The SpaceX IPO in 2026 is unlikely to mirror the 500x or 1,000x returns of early Amazon or Google
I don't think this is right; when Google first IPO'd the sentiment was that they had a single successful product, search, and the stock was expected to track search. Now they have a whole suite of successful products.
Similarily SoaceX is viewed as a rocket company, but they're likely to continue to expand their product range, and for all we know some of their future products could be bigger and more profitable.
I don't know what the correct value is, however my understanding of IPO's is that a bank buys (underwrites) the shares first and then lists them. This would suggest a large bank has taken a massive financial bet on the company, and I trust they understand the market and SpaceX's current value.
I know this is a lame answer because it's an appeal to authority, but I don't have an opinion on the share price other than very knowledgeable people have agreed it's fair and put up a lot of their own money.
What I do have an opinion on is that I think there's plenty of room for them to expand the market and grow. I also know the EBITDA for SpaceX is outrageously high for a hardware company, would would suggest it's a lucrative industry that others have trouble entering with low recurring costs. It seems likely to me they could continue to grow on 15 billion of revenue, and this growth is likely to be profitable.
The underwriters take almost no risk, and have a much higher upside compared to the risk they do take. You should never view the participation of a bank in underwriting an IPO as any kind of endorsement of the long (or even mid) term prospects for the business.
> Now they have a whole suite of successful products.
Like what? Do they have anything that actually brings in income other than advertising?
SpaceX also is Twitter(X), and Xai. So they already have several products that are loosing them money. Not sure what else they have in the pipeline other then ai data centers in space.
I would argue all stock prices are speculative, they could quarter their share price in a month or they could 4x it. I've found myself constantly surprised when I look at a company, think "what else could they do?", and then watch the company explode in value again. I disagree that their share price assumes some unspecified massive success
I don't understand this sentiment. I'm absolutely significantly more productive with AI; so much moreso that I now have freetime and we haven't needed to replace an engineer who left. On the flip side my coworkers who think they're above AI are drowning. I think there is an endemic problem of senior engineers who think they're above learning AI and agents who don't want to use them, and these cuts are about forcing them to get with the times or drown in work.
Replacing jobs is a bit of a misnomer, but it's certainly allowing us to build out more features in shorter amounts of time.
he mentions being paid more in terms of time, "I now have freetime". I can relate, in the right use cases it is nice to do some work estimated for 12 hrs in 2.
In some regards I'd almost rather Palantir runs it, since the DoW would force them to implement very strict data isolation features which hospitals could then get for free. I wouldn't imagine Epic Healthcare Systems would be forced to isolate data so aggressively.
That said I also recognize the moral dilemma and understand why they'd pull out. Frankly I'm surprised they did much work with hospitals at all
Most Epic products aggressively isolate data. The majority of instances are run on-premises, and even those hosted on cloud platforms are single-tenant. They have a good record for data security and privacy; afaik all Epic data breaches were actually caused by infiltration of other customer systems.
Could you say that stuff with llama 3? Llama 2 famously had a good uncensored version but I thought they put a lot of work into ruining llama 3 so you couldn't fine-tune it to say bad things. Even Grok would be hard to use in such a way that you could say phrases like that naturally.
I do believe it's possible but as far as I am aware, getting LLM's to say that sort of stuff is still pretty difficult
Just go look on HuggingFace. It's packed with uncensored models from the Dolphin Llama 3 70B family that will happily write you a recipe for napalm while swearing like a sailor. Meta's guardrails lasted exactly one week before the community figured out weight abliteration - a method that surgically removes the refusal vectors from the weights without even needing a fine-tune
It sounds like an adult was awarded $6 million because she watched a lot of youtube/instagram as a kid. Literally any social media site would be guilty of this; I hate to say it but we need better corporate protections if cases like this are allowed to enter court.
At least legal experts are critical of the decision: '“I don’t think it should have ever gotten to a jury trial,” said Erwin Chemerinsky, dean of the UC Berkeley School of Law'
I'm not sure if this is a joke but the field is advancing so dramatically it's hard to stop talking about it. Every week at work I have to show a new AI feature to an executive, about how we can now write 1000's of lines of codes in minutes at a higher quality than the greatest engineers. This necessitates new tools and new purchases, as well as team and org shifts.
If you're reading this and your life hasn't been thrown into disarray you're likely just behind the times. There are a lot of people who are deep in tech who still don't understand what agents and LLM's can do
> If you're reading this and your life hasn't been thrown into disarray you're likely just behind the times.
I'd love for discussions of the tech to stop with the genAI version of the cryptobro cry "have fun being poor". It's mildly insulting and adds literally nothing to the conversations.
(Not meaning to single you out, just using it as an example. This is a very common rhetorical problem with most of the evangelism.)
The difference between "have fun being poor" and the AI craze is that if you have a shred of initiative you can actually do incredible things with AI right now.
The detractors are so bizarre to me. I think it's because I work at a big tech that has so thoroughly wired AI into everything we do, and the benefits are so undeniable and totally perspective changing, that it's like arguing with someone that thinks the sun revolves around the earth.
So if you aren't doing something cool with AI, it's probably because you aren't empowered to at your company, or because you simply aren't taking the initiative. Seems like a pretty even split on HN.
I wasn't commenting on whether or not the tech is useful. I was commenting on how such a rhetorical approach is counterproductive and doesn't offer any sort on insight.
I guess I don't see how your comment is useful. If LLM's/AI are not generating code for your team, you need to update your processes. Telling someone they can't run faster than a car isn't evangelicalism of cars, and it wouldn't be counterproductive to tell someone who works at a shipping company they should be using vehicles to ship packages.
Because it's a tool which must be used properly. I've encountered senior engineers who, while great on their own complain that AI isn't good at code gen. When I talk to them about it they're using terrible free models and not putting in effort to understand how LLM's work. Agents can now write thousands of lines of code across large codebases following specs closely on levels that are simply impossible for teams of humans to do.
Humans simply cannot code as well as an LLM/Agent in most cases. It's like fighting a bear, and if you think you can beat an adult brown bear you're probably wrong.
This is 25% of their workforce; this isn't some sort of greed thing it's a serious cut to the companies operational ability due to the downturn of their product line.
Maybe he could destroy his wealth to keep the employees around a bit longer but it's better for everyone if they move on and the company has a legitimate opportunity to survive. Besides people don't want to be on corporate welfare anyways, they'd rather be part of a company where they can add meaningful value.
>Besides people don't want to be on corporate welfare anyways, they'd rather be part of a company where they can add meaningful value.
Funny. Those companies don't seem to be hiring. Everyone is doing layoffs. Maybe you said that wrong? People running companies don't feel obligated to employ, therefore everyone is now Someone Else's Problem.
As far as I can tell job postings in software are up this year. Executives love expanding, it's the most exciting part of the job. While there are many sectors inside software which may be doing better/worse, I can say my company is hiring, and I have no trouble getting interviews elsewhere if I want them.
I'm not sure if that's true? There are a few companies in every industry who pay well above average, and then most jobs pay a more normal salary (110-150 would be my estimate). Maybe you're just not looking at the top companies anymore? Even if it was dropping through I don't see how that's relevant
a product line that is still expected to make $6B this year plus a bunch of other massive IPs. Come on, if he can't keep the team together with that budget then he should step aside and let someone in charge who can.
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