I used a discount buyer's agent and it worked great! We viewed houses on the internet ourselves, went to open houses ourselves, and arranged showings with seller's agents ourselves. Once we had it narrowed down to two houses, we brought our buyer's agent to look at both houses, offer suggestions, and do all the bidding and purchase paperwork.
The realtor cartel still enforced a 6% commission, with half to the seller's agent and half to the buyer's agent. Our contract with the buyer's agent refunded half of his commission to us. So basically we got a 1.5% home discount. Our buyer's agent still made 1.5% but didn't have to babysit us while traipsing through dozens of potential homes, so it feels like everyone wins.
Yeah even our best realtor, who I actually liked and thought he did a good job (see other comment here) spent probably 1/3 of his total time on our purchase just hanging out or also walking around an open house. Such a waste IMO.
Or, the world needs more of your field because it's now cheaper.
I've often heard of house painting as an example of this. It used to take a crew of 8 with buckets, paintbrushes, and ladders to repaint a house. Then paint rollers came along and it got easier. Then sprayers came along and it got even easier. Costs fell, so now people want their houses painted far more often. Landlords now nearly always fully repaint apartments between tenants. As cost fell, painting demand rose.
> The FDA has approved bemotrizinol (PARSOL Shield). This is the first new sunscreen ingredient approved in over 20 years, offering superior UVA and UVB protection... an advanced sunscreen filter that has long been used in Europe and Asia.
The FDA statement makes this sound like something we all should be pleased with. Somehow this 19,000-person bureaucracy is popular on Hacker News, but I like to remind people that the FDA's primary job is to prevent Americans from buying medicines.
A more accurate summary might be something like:
> After many decades of successfully preventing Americans from buying the same safe and effective bemotrizinol sunscreen that the rest of world has had for years, today the FDA finally relented and stopped blocking Americans from buying it.
It seems obvious in retrospect, but the fact that SpaceX will be "valued" at $1.75 trillion after the IPO is irrelevant when only $75 billion worth of its stock will be publicly traded.
$75 billion in float-adjusted market cap puts it around 180-190th in the S&P 500. So sure, it will likely get in there eventually, but there's no rush to bend the rules to get it in right away.
A friend gave AI access to his accounts to summarize his finances.
On reviewing the AI-generated report, he spotted a $500 monthly loan payment that he didn't recognize. He asked AI where it came from, and AI admitted that it was a mistake.
Perhaps in its training data, most people have a $500 loan payment, so AI just stuck one in there.
I always wonder, just how many payments per month do these people have that they need to "summarize" them instead of scrolling through history in about 1 or 2 minutes max? It would probably take me longer to type in a concise LLM query and fiddle with access,APIs, permissions and stuff, than to view all my expenses for a year.
And on the same note, regardless of how many transactions there are, how come people are unaware about some of them? How does that happen? Do you have loan payments you take and then pay monthly but then get a 29 day amnesia every month on schedule? Were they banned by their bank from the banking app or something? I have ADHD (real, shittier one, not an Instagram version) which makes me forget both long term and short term things all the time, for decades. It doesn't prevent me remembering which big transfers I need to do, or done already, and what is the balance now or typically end of month. Just what kind of financial empire with offshore tax evasion accounts necessitates some 3rt party "audit" of one's individual finances?
I pointed Claude at a read only API account for our ERP, where our accounting happens, and it was pretty useful for helping figure out some historical missing data we left off when we were importing pre-ERP stuff. It did start losing the plot pretty quickly though and get confused about which actor was which (e.g. some of our customers are also our suppliers).
is this the ChatGPT finance features they launched in May? it keeps asking me to integrate my finance data, but I have doubts about how useful it would actually be (not to mention some distrust about how well they would actually protect my data).
A late 2024 international report https://www.iea.org/reports/energy-and-ai/energy-demand-from... predicts that by 2035, datacenter electricity usage will increase from 2024's 1.5% to 2-4.4% of global usage. Currently about 1/3 of datacenter electricity usage is for AI (0.5% of that 1.5%), though that will presumably increase.
LLMs are software. They take inputs and produce outputs. What humans choose to do with those inputs and outputs is up to us.
Getting the pope involved makes it all seem more mystical and magical than it is. And these remarks only further feed that delusion. Regardless of intent, it seems to just feed the AI marketing and hype.
I agree. The pope seemed to take the opportunity to talk about the ethics in good faith, no pun intended. But Olah just used the association to aggrandize AI for marketing sake.
The article is thin on details about the sharing of names. If US companies responded to US government inquiries about speech regulation by forwarding the emails they received from Dutch regulators, those would unsurprisingly include regulators' names.
The article title seems like click bait, even though the article content goes on to have interesting details about EU attempts to reduce dependence on US technology companies.
> We've seen how irrational and ignorant stock traders are from other publicly traded space companies.
Absolutely true, but ignorant stock traders making irrational trades only matters if company management pays attention to them. Musk will maintain complete control of SpaceX even after the IPO, so he can focus on long-term value rather than short-term ups and downs.
Of course, over time, if more shares are issued, this may change.
At this point in time, Musk can afford to ignore the stock price since he will retain sufficient shares (with 10x voting rights if I am understanding correctly) to outvote any board.
However, some projections I have seen suggest even the public raise won't be enough for the entire vision (which includes LEO data centers AND trips to the Moon and Mars). That means he will either have to find the revenue or eventually sell even more shares. It will only be at that point he will care about stock price.
That's the thing, why does everyone seem convinced that the guy who has been making up pie in the sky projects and breaking his promises, won't find himself wanting more money?
Have IPOs ever been about just a one time cash infusion?
He'll be able to raise debt against the massively inflated valuation of the company. SpaceX will have access to far more capital after this than before.
As I understand it he will retain control of the company in a similar arrangement to the one Zuckerberg has at Meta. Anyone who buys SpaceX stock is just along for the ride.
The realtor cartel still enforced a 6% commission, with half to the seller's agent and half to the buyer's agent. Our contract with the buyer's agent refunded half of his commission to us. So basically we got a 1.5% home discount. Our buyer's agent still made 1.5% but didn't have to babysit us while traipsing through dozens of potential homes, so it feels like everyone wins.
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