Why is that all considered "money laundering" rather than investing? There was a forcing function on getting money out of HK prior to China taking over, but that seems more diversifying than "laundering".
Similarly, many Canadians own rental properties (often bought without viewing them) in Florida and Phoenix.
Planes full of these folks used to head to those regions for a few weeks or a month in winter months.
I am a very optimistic individual, and have considered this project as vapourware since day one.
All vision and posturing, and no execution over years.
Imagine you were able to find the magical instrument to bet on this event. Let's simplify and say its based on shorting both RMB:USD and these secondary foreign real estate markets. (the details don't really matter much for this argument)
I first heard this IDENTICAL storyline in 2002. This magical instrument has been shit over the last 20 years. RMB:USD is suspiciously flat by design. Real estate in Canada as mentioned has skyrocketed.
The long term bet you are proposing has failed 4 for 4. Your near term bet has failed 10+ out of 10+.
Aren't all macroeconomic short plays, by design, about timing?
In other words, they all fail unless you can accurately predict when a drop will occur. Consequently you'd expect that even perfect short plays often fail.
I think the part that Elon, and the engineer, are trying to express that you are looking past is "A dot product with some memory attached" is what they need to do low latency image inference on the camera data.
They don't need a multipurpose CPU/GPU, they have a single well defined task that dominates their compute needs. They built a chip to do this that is cost and power effective, and redundant for safety.
Right, but Nokia's 5G backhual infrastructure is far more capable of doing Mobile backhaul than a GPU, you don't get the head of Nokia standing up in a press conference telling everyone his team has designed the best chip in the world.