Listen, I'm not saying you're wrong, but I will say I hope I'll at least get to update this comment down the line while holding that gorgeous looking phone in my hand
Couldn't agree more. Spent the evening reading though some of their work, and it's all so... fun. Just exploring fun and potentially useful ideas not restricted to what tools already exist (which seems to be the case much of the time)
I think it’s a neat idea (maybe because I was talking over ow to do something similar in Python, specifically for financial analysis). Definitely feels like an early stage, but I would love to see where it goes.
Well the thinking by google has surely been that Apple Search (iSearch?) would be competitive if Apple percieved it would be in their interest to build it / work with another partner. It's not impossible that someone else would build a good / better tool. Since all these tools also significantly improve with use and feedback, switching the default would probably have a massive impact
Yes, humans operate similarly. We gain knowledge through learning and assimilation of experiences. But there is a cost associated with each new input, in one form or another. You can read and reproduce the NYT articles or their content and build based on what you have learned. But aside from piracy, you have to somehow pay a cost associated with access (ads, subscriptions etc). The LLM does not do so in an equal way.
Well if the company goes bankrupt, theoretically other companies can buy e.g. 3M's patents / processes / subsidiaries and continue their production. THe company isn't unprofitable, so it would be sold off in parts and the proceeds of the sale (theoretically) would go towards settling lawsuits.
Unlikely though. Nobody would want to buy the company whole as that would include all of this liability. Selling of the individual parts to raise funds for paying the debts of the unsold parts of the business entering bankruptcy seems like the only way to go
I think maybe we're confusing terms here. Breaking up a company normally means separated into smaller existing companies. If you buy 3m's candy bar division, you still might be on the hook for the forever chemicals the candy shop dumped in the river.
If you're just talking about dissolving a company and selling off the tangible assets, not selling off functional business units then I agree, liability doesn't follow material Goods. This generally isn't considered breaking up a company.
Breaking up a large company into smaller ones during bankruptcy does not by default absolve the smaller companies of liability.
Courts can add bankruptcy settlement terms that absolve a company of liability moving forward, but these can be applied to the company at all as a whole or the smaller businesses if it is broken up.
What statute or case law supports this distinction between material goods and business units?
It seems reasonable to me that you could absolutely purchase a business unit from a bankrupt company without any associated liabilities. Of course, you'd pay the full price for it (as compared to the discount you'd be able to negotiate if you accepted liabilities). And, of course, the proceeds of the sale would go to the creditors before the shareholders.
I am not a lawyer, but here is a decent summary [1]. The legal term you would be looking for is "successor liability".
Liability can be servered from a operational buisness unit, but it basically requires the court intervention to formalize the seperation. Liability follows the functional business so that sale can't be used to evade liability.
Imagine if this wasnt the case. 3M could take on 100B debt, sell the bussness & assets to "4M" , leaving "3M" with no funds or assets for the creditors to go after.
I didn't say it removed the liability of the company. It just means that the company that is left after selling off its profitable assets has the burden of the liability but with nothing but literal toxic assets. They can use the proceeds of the sales to start paying down the debts.
The assets sold would obviously not be the toxic assets.
Maybe I'm misunderstanding, but you said the company would be sold off in individual parts to pay the debt.
My point is that selling it off as a complete company or mini companies doesn't really impact the liability. Both would be possible. What matters from a debt or liability perspective is the terms of the settlement.
In reality, the company is probably worth more as a single entity, sorry I wouldn't be surprised if it stays that way. That would maximize the recovery of damages and repayment of debt.
You sell of the formulas for scotch tape, and maybe the factories that make it as long as it is sequestered from the PFAS type stuff. You sell of the audio tape/VHS factories (haha). You sell off the patents/copyrights for all of that stuff as well. Those are the salable parts.
My point is that the whole thing is sellable. Propbably with a new stock offering for the whole company as a single entity.
If there is a huge judgement larger than the market cap, the most likely oputcome would be chapter 11 bankruptcy wiping out the investors, and the company moving forward as a single entity with a new ticker and new investors
This is the best of all worlds because it maximises the money recovered for damages and debtors.
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