• 23 Posts
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Joined 2 years ago
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Cake day: August 13th, 2023

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  • I think to understand why this is concerning, you need enough engineering mindset to understand why a tiny leak in a dam is a big deal, even though no water is flooding out today or likely to flood out next week.

    he certainly doesn’t himself have such a mindset, and I am not convinced that he knows why a tiny leak in a dam is a big deal, nor am I convinced that it is necessarily a big deal. for example with five seconds of searching

    All earth dams leak to some extent and this is known as seepage. This is the result of water moving slowly through the embankment and/or percolating slowly through the dam’s foundation. This is normal and usually not a problem with most earthen dams if measures are taken to control movement of water through and under the dam.

    https://damsafety.org/dam-owners/earth-dam-failures

    one would suspect a concrete dam leaking is pretty bad. but I don’t actually know without checking. there’s relevant domain knowledge I don’t have, and no amount of “engineering mindset” will substitute for me engaging with actual experts with actual knowledge


  • I listened to ezra klein’s podcast sometimes before he moved to the NYT, thought it was occasionally interesting. . every time I’ve listened to an episode since he moved it’s been some of the most credulous shit I’ve ever heard

    like, there was one episode where he interviewed a woman whose shtick was spending the whole time talking in what I can loosely call subtext about how she fucked an octopus. she’d go on about how they were ‘tasting each other’ and their ‘fluids were mingling’ and such and he’d just be like wow what a fascinating encounter with an alien intelligence. this went on for an hour and at no point did he seem to have a clue what was going on




  • According to The Information, SoftBank CEO Masayoshi Son is planning to borrow $16 billion to invest in AI, and may borrow another $8 billion next year. The following points are drawn from The Information’s reporting, and I give serious props to Juro Osawa and Cory Weinberg for their work.

    SoftBank currently only has $31 billion in cash on its balance sheet as of December. Its net debt — which, despite what you think, doesn’t measure total debt but rather represents its cash minus any debt liabilities — stands at $29 billion… They plan to use the loan in question to finance part of their investment in OpenAI and their acquisition of chip design firm Ampere.

    According to SoftBank’s reported assets, their holdings are worth about $219 billion (33.66 trillion yen), including stock in companies like Alibaba and ARM.

    am I reading this correctly: softbank has $50 billion in debt, equal to about 25% of their total assets? is that… normal? these are genuine questions, not sure whether I’m misunderstanding something/whether this is actually usual