I appreciate the effort, but I was not critiquing your reading. Moreso that I took it differently. That’s just a misread on my part and my point was not about general investing as a proxy for progress/a driver.
I appreciate the effort, but I was not critiquing your reading. Moreso that I took it differently. That’s just a misread on my part and my point was not about general investing as a proxy for progress/a driver.
Perhaps we’re talking to different points. Parent comment said that investors are always looking for better and better returns. You said that’s how progress works. This sentiment is was my quibble.
I took the “investors are always looking for better returns” to mean “unethically so” and was more talking about what happens long term. Reading your above I think you might have been talking about good faith.
In a sound system that’s how things work, sure! The company gets investment into tech and continue to improve and the investors get to enjoy the progress’s returns.
You’re conflating creating dollar value with progress. Yes the technology moves the total net productivity of humankind forward.
Investing exists because we want to incentive that. Currently you and the thread above are describing bad actors coming in, seeing this small single digit productivity increase and misrepresenting it so that other investors buy in. Then dipping and causing the bubble to burst.
Something isn’t a ‘good’ investment just because it makes you 600% return. I could go rob someone if I wanted that return. Hell even if then killed that person by accident the net negative to human productivity would be less.
These bubbles unsettle homes, jobs, markets, and educations. Inefficiency that makes money for anyone in the stock market should have been crushed out.
I don’t disagree with everything you said but wanted to just weigh in on the more degrees of freedom.
One major thing to consider is that unless we have 24/7 sensor recording with AI out in the real world and a continuous monitoring of sensor/equipment health, we’re not going to have the “real” data that the AI triggered on.
Version and model updates will also likely continue to cause drift unless managed through some sort of central distribution service.
Any large Corp will have this organization and review or are in the process of figuring it out. Small NFT/Crypto bros that jump to AI will not.
IMO the space will either head towards larger AI ensembles that tries to understand where an exact rubric is applied vs more AGI human reasoning. Or we’ll have to rethink the nuances of our train test and how humans use language to interact with others vs understand the world (we all speak the same language as someone else but there’s still a ton of inefficiency)
I agree, however as much as I wish our governments would do both - they won’t. At least not This is why I said we should be playing money ball. I don’t disagree with anything you said.
I think the additionallity to the grid as these renewables come online is great…but if they only cover the energy to run them then they’re not expanding the grid for everyone else. This emissions continue. I agree it incentvizes renewable builds but only if it powers more of the grid vs just being dedicated to the wells.
We’re headed towards a world where corps are incentvizes to buy up all the clean energy on the market and leave consumers with the fossile fuels right now. We just don’t have enough clean or renewable energy to power everything and demand is only increasing.
Agreed! I was just mentioning the only negative angle I could see, still a net positive!
We are not beyond the emissions reduction stage and will not be until the grid is 100% renewable or other emissions free energy powered.
Switching to clean energy is emissions reduction. Imo should be our #1 priority because we’re not reducing power demand without massive societal change.
Amen, only angle I can see someone disagreeing with is trees becoming a potential bank of carbon to be fed back into the atmosphere via fuel for wildfires.
I so wish there were better ways to control forest fires.
From an industry standpoint everything the article says at the end as a critique is correct. We should be playing moneyball, those fans that draw in the particles would be an additional toll on the power grid.
Instead spend the money on removing the emission sources and modernizing our grid/reducing fuel emissions. After weve exhausted low hanging fruit there we’ll have to throw money at offset tech.
I suppose we’ll have to get the tech made eventually but there’s just so much to be reworked on our grids as is.
It’d be an uphill battle but if someone got into programming via free online courses they could build a resume via collaborating with projects on github. It’d be a way to prove skill without the diploma.
Advice goes the same for anything where you can build a portfolio to demonstrate competency, most people in industries just care about results. This could be photography, graphic design, a physical labor like wood working etc.
Sucks because you’d have to outlay time upfront before maybe getting payed though. Ymmv
Yeah, I appreciate the nuance too! It’s just I don’t have anything to really add as I’m the one who misread!