Saarth

@Saarth@lemmy.world

• ⁨Comment⁩ on ⁨It will trickle down any second now⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  Yeah i guess when you stop looking at GDP as a real fact about the real world, then it makes more sense. That’s funny 😂

• ⁨Comment⁩ on ⁨It will trickle down any second now⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  Thanks for the detailed response, I’ll probably need to Google a bunch if stuff in here which I will.

  But to the point that didn’t make sense to you: The american economy is considered to be big/high growth simply because it’s financial sector is so big. And yes this could mean it’s markets are efficient, but efficient at what? Often it’s trading stocks or debt instruments or some obscure financial instruments, and if that’s the case then the size of the economy seems quite made up just like Elon’s wealth.

• ⁨Comment⁩ on ⁨It will trickle down any second now⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  This is exactly my point, their equities act very similarly to our real money/assets. There is nothing unrealised about it

• ⁨Comment⁩ on ⁨It will trickle down any second now⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  And my second issue is that when it comes to personal wealth of billionaires we always caveat it with ‘it’s not real money’. .

  But when it comes to measuring the success of any country’s economy, we don’t caveat it with something similar. Countries like Singapore or even US make a lot of money from financial services. The success of American economy is heavily reliant on these unrealised gains compared to China for example where I am guessing it will be a smaller proportion of the total economy.

• ⁨Comment⁩ on ⁨It will trickle down any second now⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  The point I am trying to make here is the equities act like real money. They can be traded, and profits can be generated by said trades and deals (the profits are part of the GDP calculations). Which means that for all practical purposes equities are equivalent to real money.

  Now we can debate what actually constitutes real money, and whether the definition ends at dollars or all global currencies or government bonds or assets like gold etc etc.

• ⁨Comment⁩ on ⁨It will trickle down any second now⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  Is the money earned by hedge funds and investment banks part of the GDP calculations or not ?

• ⁨Comment⁩ on ⁨Meta shuts down global accounts linked to abortion advice and queer content⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  While advertising for literal scams. About 10% of Meta’s revenue is from literal scams.

• ⁨Comment⁩ on ⁨It will trickle down any second now⁩ ⁨⁨3⁩ ⁨weeks⁩ ago⁩:

  This is bullshit.

  When it comes to measuring their wealth it’s not real money.

  But when it comes to calculating GDP and growth and other economic metrics these are still included. Make up your mind, either equities are real money or GDP is made up nonsense.

• ⁨Comment⁩ on ⁨same shit every day, on god⁩ ⁨⁨4⁩ ⁨weeks⁩ ago⁩:

  With rising sea levels and general water shortages, why don’t we also use them as desalination plants?

  Surely there has to be a way to deal with brine, it’s just salt and water after all?

• ⁨Comment⁩ on ⁨Leak confirms OpenAI is preparing ads on ChatGPT for public roll out⁩ ⁨⁨4⁩ ⁨weeks⁩ ago⁩:

  Companies have already been SEOing LLMs for a few months now. There are companies who have a panel of participants who are willing to share their data, and this is then used to estimate what people might be searching on LLMs and now to optimise content so that it shows up on responses across LLMs.

  Ads was the logical direction for LLMs and has always been the only pathway to any substantial revenue.

• ⁨Comment⁩ on ⁨[deleted]⁩ ⁨⁨1⁩ ⁨month⁩ ago⁩:

  It’s only going to go up. Look at how revenues are increasing, it’s basically ad and PR money.

• ⁨Comment⁩ on ⁨Apparently Palantir can access the content of social media accounts that were deleted a decade ago.⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  I see a lot of conversations of people mentioning how expensive things have gotten, yet we see in sales data that our expensive products sell more (this is also due to the fact that more ad dollars are spent on higher margin products) but try and buy cheaper alternatives whenever you can.

• ⁨Comment⁩ on ⁨Apparently Palantir can access the content of social media accounts that were deleted a decade ago.⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  I can tell you from the perspective of someone working in consumer insights for a consumer company, sales and retail data is far more important and influences decisions way more.

  So I’d say put your money where your mouth is. If you don’t like certain companies or brands stop buying their products. If you think groceries are getting expensive buy cheaper alternatives or private labels. You can do this with a lot of non-food grocery items. Private label is almost always cheaper and you get pretty much the same shit as global brands.

• ⁨Comment⁩ on ⁨Apparently Palantir can access the content of social media accounts that were deleted a decade ago.⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  There isn’t much to tell. We gather conversations and analyse it to understand consumer behaviour, trends, campaign performance etc.

  If you don’t want your data showing up in social listening tools, make your social accounts as private as possible.

• ⁨Comment⁩ on ⁨Apparently Palantir can access the content of social media accounts that were deleted a decade ago.⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  I wish lmao. But there are tons of data companies selling all kinds of data on people to whoever will pay them for it. Me working for identifying trends or what flavour of green tea is popular are less harmful use cases.

  What we need is regulation to reign in big tech. These API licenses are expensive and I suspect is a big reason why Reddit ended free data sharing (which led to death of third party reddit clients).

• ⁨Comment⁩ on ⁨Apparently Palantir can access the content of social media accounts that were deleted a decade ago.⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  I think coming out of an MBA, this is one of the less harmful jobs. I’d rather not be in consulting or investment banking or sales or big tech.

• ⁨Comment⁩ on ⁨Apparently Palantir can access the content of social media accounts that were deleted a decade ago.⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  I’ve been working mostly on the analysis side of things, currently I do this for a consumer goods company.

  And yes I do it to make a living. Got hired as an analyst in this field out of MBA and stayed in this. Also being chronically online and familiar with social networks helped.

• ⁨Comment⁩ on ⁨Apparently Palantir can access the content of social media accounts that were deleted a decade ago.⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  There are dedicated tools, called Social Listening tools that do just these. Some examples are Brandwatch, Sprinklr, Talkwalker and Meltwater.

  Not just Palantrmir, anyone and everyone is using these tools. From consumer companies to investment banks to your favourite content creator is using some kind of social listening to stay on top of trends and understand how you behave.

  Reddit and Twitter are two social platforms that provide the most data openly and freely, and in reddit’s case you can get a lot of historical data without extra cost.

• ⁨Comment⁩ on ⁨Employees regularly paste company secrets into ChatGPT⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  If companies gonna push AI, I am gonna use AI. It’s on the company infosec to ensure my workarounds dont work.

• ⁨Comment⁩ on ⁨Everyone should have a home server (or a friend that has one)⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  There are a lot of independent creators out there too.

• ⁨Comment⁩ on ⁨Everyone should have a home server (or a friend that has one)⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  I want a future where communities self host their media and circumvent media companies like Netflix and Disney. Local film clubs, TV clubs, hobbyists, etc. can come together and host as a collective bringing down costs and making this more accessible.

• ⁨Comment⁩ on ⁨If A.I. is so fast and efficient, and CEOs are paid so much, why not replace CEOs with A.I.?⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  You see productivity gains have nothing to do with AI. It’s being pushed down our throats because some elites have vested interest in its success and it’s another way to extract more money from the consumers.

• ⁨Comment⁩ on ⁨Fear not, and enjoy this mere interlude to its fullest!⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:

  I wasn’t burdened by the curse that is awareness before I was born, and hence now as a result of this awareness, I am scared.

• ⁨Comment⁩ on ⁨I won't connect my dishwasher to your stupid cloud | Jeff Geerling⁩ ⁨⁨9⁩ ⁨months⁩ ago⁩:

  I would assume Bosch knows how blatant paywalling features looks and will backfire just like it did for BMW.

  I am guessing Bosch wants to create a Bosch ecosystem where you can control all your home appliances with a single app. This is what PC OEMs did with RGB software. It’s not really for surveillance although they do use it to push ads/premium features. The main intent is to lock you into their ecosystem and then you only buy products from them. Samsung & Apple do this are well known for this, and that’s what they’re emulating.