• 1 Post
  • 246 Comments
Joined 2 years ago
cake
Cake day: July 11th, 2023

help-circle








  • It’s not as much a “feel-good” story as comments who haven’t read beyond the headline might make you believe:

    The PIF values its total investments at nearly $1 trillion in assets, but a significant percentage of these are hard-to-sell assets with no public valuation; as a result, the NYT reports that the PIF reps have told international investors that it is “unable to allocate” for the near future.

    Despite this, a spokesperson for the PIF, Marwan Bakrali, told the newspaper that it had $60 billion in cash and “similar financial instruments”.

    ETA: Its not as though they’ve lost a significant chunk of the fund, but rather that a sizeable portion of it is tied up in illiquid assets that can’t be readily sold, or valued and loaned against.

    Though there is some mention of some of their investments being in “distress”, so there is at least some good news?







  • IP/trademarks/copyrights/etc.

    This is likely going to be the main reason for the takedown notices, Sony will be exercising their legal rights in order to defend their trademarks & copyrights on Concord assets.

    If a company doesn’t defend them vigorously, then any unlicensed works that are allowed to exist are then used as legal precedent moving forward to null/void such copyrights and trademarks.

    As an aside, Sony is a global corporation and can likely choose to write down these losses in the most preferred region to maximise the tax offset - so likely either the US, or Ireland.




  • The best way to think of them is as cousins; they are similar - but not exactly the same.

    They focus more on higher VRAM and CUDA cores compared to GPUs, while forgoing 3d acceleration capabilities.

    But they both come out of the same factories; so when the demand for AI cards is as high as it is now - and Nvidia can sell as many as it produces with a higher margin than GPUs, there is little incentive for them to produce more GPUs and sell them at a competitive price.

    So when the AI bubble bursts, demand for AI cards will crater - and there will be no financial incentive to mass produce them in such high quantities. This frees up production capacity at the TSMC factories, incentivising production of lower margin products like GPUs.

    Economics is largely a game of supply & demand; when supply outstrips demand, prices fall as sellers search for buyers. When demand outstrips supply prices go up as buyers search for sellers.



  • In a lot of places, rotisserie chicken are a loss-leader - they are sold below cost in order to entice more shoppers in the hopes that they will buy enough other things to more than make up for it.

    Costco does this, not only on their hotdogs but also on their chickens also.

    A lot of other times, raw commodity materials are more valuable than finished goods because of the implied value; ie there is an opportunity cost associated with transforming it into a finished good.