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Cake day: June 20th, 2023

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  • Thats true, but its also inserting some big assumptions into your retirement plans. For example, if you looked at 1955 - 1990 instead of 1990 to 2025 for your historical rate, youd need to double the target again to keep up with inflation. If you went back another 35 years the whole thing implodes on asset yields.











  • Im just sick of the marketing disguised as concern and doomsday warnings.

    I dont know how many people here are old enough to remember, but there was a time when everyone knew that the Internet was going to be big, and they were pouring big money into it, but they couldnt quite say why it would be big, or what a normal non-nerd person might actually need/want the Internet for. So, they decided it was going to be recipes. People used to have cook books and boxes of notecards, old magazine clipping, etc with recipes, and having the right recipe was kind of a big deal, and the Internet was obviously an easy way to solve this problem. Everyone in the world could share the same giant cookbook, any time they wanted, just by paying a modest minutely fee to tie up their home phone line for 20 minutes.

    The current AI pitch feels like that, except this time the line is that there might be an extinction level famine because everyone will forget how to cook once they see how great this cookbook is.







  • jrs100000@lemmy.worldto196@lemmy.blahaj.zoneProgress rule
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    2 months ago

    Thats true. Anyone who thinks the bubble popping will make AI go away is kidding themselves. On the other hand, when prices are set more accurately and investors start accepting that they will get diminishing, or even negative, improvement out of the latest model, we may see use cases start to shift to something more realistic.