The crash is absolutely rational; the cascading effect highlights the missing moat for companies like OpenAI. Without a moat, no investor will provide these companies with the billions that fueled most of the demand. This demand was essential for NVIDIA to squeeze such companies with incredible profit margins.
NVIDIA was overvalued before, and this correction is entirely justified. The larger impact of DeepSeek is more challenging to grasp. While companies like Google and Meta could benefit in the long term from this development, they still overpaid for an excessive number of GPUs. The rise in their stock prices was assumed to be driven by the moat they were expected to develop themselves.
I was always skeptical of those valuations. LLM inference was highly likely to become commoditized in the future anyway.
Lisp is one of the oldest programming languages developed in the 1960, it came before and is very elegant actually. You can write incredibly powerful things with this pattern and it's also really simple to build an interpreter for it with the stuff they had at their disposal at the time.
You are totally right, the whole statement is ironically antisemitism here on Hacker News: Facebook/Mark Zuckerberg and Israel.... what is the connection. It's clear the poster is on X/Twitter and you can see what Elons behaviour perpetuates.
Elon Musk doesn't know how the advertising business works, get's rid of moderation and let's banned people back. Which obviously leads to an increase of antisemitism on Twitter and the ADL justly fights against it.
Now after the lawsuit this guy thinks: Elon is a genius, it must be the jews who control the media who have prejudices against Elon and his management.
With over a decade of experience in the software industry, I, Severin Kistner, have worked with several renowned organizations such as Xing, Sono Motors, and Sixt, among others, in various capacities such as Founder, CEO, Full-stack Developer, Software Architect, and IT-Consultant.
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If it is a medium of exchange, all the attention never made a lot of sense.
The use cases are niche; that's the thing. Venezuelans who avoid inflation and ordering illegal drugs are not a trillion-dollar business. All the legal/regulated areas mean competing with existing financial infrastructure, which is low margin and incredibly competitive.
So if you see the space as a whole, it never had the potential market to begin with to justify those valuations. It was fuelled by low-interest rates, speculators, and venture capital.
It was, in retrospect, simply a bubble, and some people feared missing out after some became insanely rich with it.
Historically speaking it was nothing special: Tulips, new economy, real estate and now it was crypo.
When you are in it, invested people always tell you why it is different this time. The underlying economics stay the same; value creation is usually incremental and hard.
The early stage of Theranos wasn't really a scam, they tried to build the actual product. The scam started when they failed to do so and then lied about it.
You can replace the battery for a fraction of a new one, I basically have that already.
My second battery of my 6s now makes trouble again, no other issues. I struggle to come up with a good reason why I shouldn't get a new battery for another 2 years.
They are competing with Google, Amazon and Microsoft. Those are not normal companies.
I also think that people underestimate that this space will get very low margin eventually and become even more commoditized. Most companies totally overpaid for IT enterprise solutions the last decades, they are sales driven and live off lock in effects of their hardware to milk their customers.
Now we got rid of physical hardware then it will take companies another 10 years to figure out that they also don't need 90% of all the cloud solutions they got sold on. The rest you can run everywhere cloud neutral with kubernetes or something else.
Will those three companies earn a trillion dollars during that process? Sure.
I absolutely agree with the killer application part, even for business applications they still don't have any idea.
On their website you have a video that displays several use cases that don't make sense if you really think about them.
Just to dissect the first example where doctors look at a low resolution brain over a surgery table. I don't know why there is a woman without a device who thinks: "why are those three people looking over me here?". But I think the association is some kind of neurosurgery.
* Neurosurgeons know how a brain looks like inside, that's anatomy.
* If this depicts the CT or MRT of the woman, those are evaluated on high resolutions displays by radiologists.
* It's difficult to keep those devices sterile in a hospital environment.
Let's extend this into surgery. "Hey cool you can look inside the brain in real time". Why would a display not be enough in any other case?
* Doctors don't wear a heavy device with a limited field of view during a 5h surgery.
* There are devices with a high resolution display, that can show you in real time where you are inside the brain. I tried this device once with a melon, I could make the mental transition within a minute. Now imagine a neurosurgeon with all his skill.
* What if there is a problem with the image. Right now the doctor can look from the display inside the real brain and check if something is off. You can't take the unobstructed view from a doctor here.
The other two examples in the video are not much more convincing. The second one is solved by a warehouse navigation device. Maybe the last one, but a car showroom usually has a real car you can drive.... Even without it a VR Headset would solve the same issue. Why do they have to see their surroundings?
After so many years and that much money, that's the best they came up with?
I used the one from Microsoft in a museum, that could in theory be interesting. Make it more interactive. You had to stand at an exact position, it couldn't interact with its surroundings and my nose hurt because it was so heavy. I think the battery was empty after 15 minutes.
Just the complexity building a fully interactive museum, all the 3D artists and programmers that would take. What else you could improve with those resources to enhance the experience?
Only reform Jews in America and they require jewish upbringing. I would recommend sillysaurusx going trough the conversion process at your reform Synagogue. (Reform is mostly about knowledge, basically classes). It’s there for a reason, you learn a lot if you didn‘t have an upbringing.
My situation was similar, matrilineal but my mum is baptized. I wasn’t required to, but I am glad to understand now what rabbinical judaism actually is.
Vision Fund 1 from Softbank is at the end of it's lifecycle, now they still try to raise for Vision Fund 2. You spend much more in the early phases of a fund, so it's big enough to make all the difference here.
It's not the most violent soccer club by far. I saw a ranking and St. Pauli was on place 15, the first one being Frankfurt and the second Dynamo Dresden (what is a known right wing club).
The club does a lot of social activism and most fans in Hamburg are pretty normal social democrats. You are not wrong that there is an overlap of St. Pauli fans and the left scene in Hamburg. It's not a stretch that a militant person from Hamburg would also be a fan of this club. That's about it and how it probably ended up on that list.
Also the squatted building you are talking about is now owned by the city that basically allows its current use.
I think the situation with TypeScript is a little different. JavaScript is a very powerful language and you can do a lot of "hacky" things with it. It feels to me like most new features are an improvement, I use :any very rarely now and can model almost everything with it.
I you would design TypeScript from scratch, you might have a point.
Might put that somewhere so it's easier to remember.