Investor. Curious about business models, behavioural economics, social psychology.
UK
Joined May 2019
- Tweets3.7K
- Following308
- Followers597
- Likes7.2K
"Burnout" - give them their payrise, but give them a DC pension as they clearly see no value in their gilt edged DB schemes
Yeah tell me what percentage of these GPU models are available are being rented on demand vs long-term contracts.
GPUs are aging like fine wine, with rental rates up across the board since January 1st
Approximate change YTD:
- H200: +160%
- B200: +120%
- RTX PRO 6000: +65%
- H100: +35%
Even the 6-year-old A100 rents for more than it did at the start of the year
Charts of the Week: a16z.news/p/charts-of-the-we…
The ordacity of the man who raises taxes by £66bn in two budgets, breaks manifesto pledges not to raise taxes on work, and manages to critique the fiscal rectitude of other parties. @TorstenBell reveals himself to be a charlatan not fit for public service.
Big energy has divested North Sea due to punitive taxation requiring highest cost of equity in the world, consequently we are short energy pay the highest costs in the world. Someone tell Dr. Clueless.
This analysis will be quantitatively on point. The thing people miss about IHT is it strikes a deep aspirational chord. After later life care many won’t have the assets they would hope to leave to their kids, but in their 40s-70s they absolutely aspire to. A tax everyone believes they will pay, but actually won’t, is a politically savvy tax to cut.
AI coming for overpaid white-collar finance jobs and the cuts are pretty wild.
There was limited/no welfare 1790-1840, so displaced labour had to accept wage bargaining as it was and productivity accrued to capital. These days we have too much welfare, so the feedback loop includes government outlays which will focus minds. This is why AI losers (incl. Youkay) are wanting to pace/regulate AI, you can’t easily tax US companies. A country who has determined to stop manufacturing anything, has no natural resources, is structurally uncompetitive in the physical world, has spent the last 4 decades pivoting to a white collar service led economy, ripe for deflation in the value of that GDP. What’s more, those services needn’t happen in the UK, accounting, law, marketing, consulting, advisory - can all be cross border, so you can’t artificially hold wages up, UK GDP will accrue elsewhere, robbed from under its own nose. Those at the top will behave rationally - you can already see it (Deloitte this week), so I do subscribe to the view that in a world where labour is displaced by AI, very clearly the share accruing to capital will be larger than labour. Welfare will dampen this dynamic, but unlike in 1840, capital is mobile, and as I said above, services don’t have to happen onshore. The UK will be faced with a choice, how structurally uncompetitive it wants to make itself vs how much inequality in can tolerate.
