Except if Intel goes there’s no leading chip manufacturer left. You can’t just (easily) tax cut your way to having that concentrated knowledge and market position.
It's like you intentionally chose the ignore other government actions and focus on taxes just to fit your narrative. Read it again:
> It should enact preferential policies like grants, tax cuts, subsidies etc. for industries they want to promote.
And read the announcement again. Intel has not been given extra money. CHIPS Act money has been converted to stake. That means Intel wasn't going away, if that is your concern.
Government routinely provides grants or preferential treatments to certain sectors or industries. Like Tesla and the EV grant. That works fine. It doesn't mean government needs to acquire stake in Tesla and put their thumb on the market scale.
In case you miss it, let me repeat - industries needs to be supported. It is called CHIPS Act not Intel Act for a reason. Given the current POTUS propensity to hold aid/grant without a quid pro quo, we can guess what happened here. Intel doesn't gets the grant money unless they kiss the ring and polish POTUS' image.
“Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith.”
I’d encourage you to “read again” the HN guidelines.
> Government shouldn't bail out anyone. Period. It should enact preferential policies like grants, tax cuts, subsidies etc. for industries they want to promote.
If Intel is at risk of going under, saving it is what’s understood to be “bailing out.” A grant that’s meant to save a major multi-billion dollar company isn’t quite what most people think of as a grant.
It’d also be great if you guys could do a fine tune to run on an 8x80G A/H100. These H200/B200 configs are harder to come by (and much more expensive).
Unsloth should work on any GPU setup all the way until the old Tesla T4s and the newer B200s :) We're working on a faster and better multi GPU version, but using accelerate / torchrun manually + Unsloth should work out of the box!
“you can get companionship, advice, information, emotional validation, etc. directly from an AI. People are forming serious relationships with these things in as much a real way as you would with anyone else on Facebook or Instagram. Not to mention, how long before most of the "people" on those platforms are AI themselves?”
Meta doesn’t really serve companionship. It used to make Yu connected to others in your social graph, which AI cannot replace. If IG still has the eyeballs, people can put AI generated content on it with or without meta’s permission.
Like with most things, people will want what’s expensive and not what’s cheap. AI is cheap, real humans are not. Why buy diamonds when you can’t tell the difference with cubic zirconia? And yet demand for diamonds only increases.
Maybe that's why? I know rich people (truly rich, not your upper middle class or rich as in I got a couple mils of net worth), in developed countries (West and Northern Europe) and to be honest your points, apart from being tangled and repetitive just so you can get 5, don't reflect their reality and are just a setup for your last politically charged line.
I'm sure with tens of millions of dollars in your hands, you'd wait for that 20 minute doctor's appointment for 3 months, then another 8 for your MRI. Especially when your kid gets sick god forbid.
sure but all of those are not that sustainable long term. Denmark made retirement age 70 and that will change in the future because your social economy is not sustainable. This also includes a lot of government things in USA.
$10M and more buys true freedom and reach to global travel and countries. All of those free things in Europe require certain level of native labor and population aging fast is not helpin that across globe.
Counter-argument, largely lifted from Graeber's _Debt, the first 5000 years_:
The US trade deficit isn't ever really meant to be repaid, it's basically the modern equivalent of the Roman Republic/Empire demanding tribute from weaker states with a thin veneer of "I'll pay you back" to make it more palatable.
Like the time the homeless dude living under a bridge near me asked to "borrow" 50€ from me :)
It also matters whether we are considering it a static $10 million or considering reality.
In reality, if you have $10 million, you put it in the S&P500 and make an average of 10% ($1 million) per year. Far more than inflation and more than enough to cover those things you're talking about unless you have a pretty extreme medical condition or very expensive hobbies.
I agree with this directionally, however I think you'll make more like 7.2% per year, and inflation will be about 2.5% per year. You'll also likely pay about 30% in federal and local taxes in the USA on it since you're actually selling it to live on it (more on taxes later). So you'll pay 2.2% in taxes. So on average you'll get 7.2 - (2.5 + 2.2) = 2.5% of income. If you have $10M, you can withdraw about 250K a year in today's dollars every year. i.e next year you can withdraw 256.3K or so, and keep doing this to keep your current standard of living. In down years you may want to adjust / tighten belt a tiny bit to not veer off track too much. And you can get cute with taxes but not recommended. That loan interest will add up over time, and when it's time to actually pay those loans, you'll still sell stock and pay taxes on it, unless your offspring inherit both.. and who knows what the laws will be then.
Agreed, but would caveat that the historical market returns happened as the world's dominant economic and technical powerhouse. The current trajectory is looking different, to put it mildly. The US is undermining nearly every advantage that led to such strong growth. Barring some massive pivot in the near future, medium term economic growth will most likely be lower.
despite some pretty amazing technical innovations
pocket calculator and microcomputer (Altair 8800), first email, pong, floppy disks (they were the standard for 20 years), VCR, cell phone (1973 Motorola), barcode scanners, rubiks cube, ...
Nominally S&P500 did 23% in the 70s, and 2.08% annualised, but financial returns are not just the stock prices, they're also dividends.
If you include and reinvest dividends, you'd have made 83% in the decade and 6.2% per year.
Its true inflation was high though, and an investment in Jan 1970 would've in real terms returned -1.1% a year after adjusting for inflation. If you continued investing equal amounts each year from 1970 to 1980, it'd actually be about -0.5%.
But no investment would've meant you lost half of all your money due to 7% average inflation, so investing would've been a pretty good idea, offsetting almost all inflation in the worst decade 50 years ago.
Also it's common knowledge to do a stock/bond split. Bond returns fared a bit better. -- and it should be said, the following decade inflation came way down and in nominal terms the S&P500 did +364% with dividends reinvested.
I do agree with your general point though, you can't just rely on a 10% annual average and spend that amount. The commonly referenced safe withdrawal rate (WR) of 4% is 2.5x less than the average S&P500 return for a good reason (based on a ton of monte carlo sims that indeed would lead to disastrous results at 10% WR in the 1970s).
Except the market is a bubble. It's going to pop within 10 years as the boomers retire and die. Thats assuming low inflation. With significant inflation the younger folks might afford to prop it up.
I assure you, if $10M doesn’t seem like it’s clearly enough for you, $100M won’t either. That worry doesn’t go away.
$10M generates a passive $400k per year (trinity study 4% rule yada yada). If you can’t manage on $400k/year, you might be what we call extremely out of touch.
Lifestyle is the only real issue past a few million, particularly if you own your home (and at 10m you certainly would). Beyond that its all status oriented which is where the "should be enough" bit comes in; if its status your after then theres never really enough.
after few million you start securing the retirement and few decades. like what if you live up to 100 or more? Anything below $3million means no retirement now or money has chance to be all spent in next 2-3 decades. After $10Million it's all enough
3 million invested means you can withdraw $100000 annual income with virtually no risk of ever going broke. That is financial independence. $10MM is way too high a bar.
I’m curious for your service, if it’s centered around privacy, why is the data stored for 14 days at all? My understanding with fireworks is that it’s 0 logging — nothing to store. To me that’s private.
Great question! We actually don't store prompts or completions for the API at all — but legally we say 14 days so that if someone accidentally commits a log statement, we're not in breach as long as we catch it quickly and revert.
Country flag emojis are actually just specialised glyphs for pairs of characters, taken in pairs to form a country-code. If the system doesn't know how to render a given country code, it will just fallback to displaying the country code (often stylised as white on blue tiles) instead.
