Why are we wasting government money cracking down on Polymarket betting? The most offensive thing in this article is the government pretending Polymarket bets are securities. Prediction markets provide no benefit to society and don't need to exist.
> government pretending Polymarket bets are securities
Crypto prediction markets have an interest in being regulated like traditional exchanges since it opens up access to Wall Street market makers for increased liquidity.
No, as the name sort of suggests, it's a stock market. As in, it's a place for people to buy stakes in companies, and occasionally a place for companies to raise money by selling stakes in themselves.
This would of course negatively impact eBay because it would now be saddled with immense debt. To pay this debt, there would be mass layoffs leading to a decline in customer service, quality and innovation.
Deals like this benefit nobody but shareholders (in the short term) and lenders. The workers at the companies get laid off, consumers get worse products, and the odds of bankruptcy spike. Leveraged buyouts seem like a net negative to society.
Design aside, the quality is undeniable, the price is reasonable and the M chips have been in their own league of efficiency. (Tho the new Intel and Qualcomm chips look to be catching up)
Is being a serious competitor to OpenAI a good business proposition? OpenAI burns through insane amounts of cash and it seems pretty likely that it will ultimately just be replaced by cheaper Chinese models/inference.
The real product is the agent harnesses, which to be fair can be trained specifically to work with an in-house harness, but not sure it's necessary to own the models, especially if Chinese companies are licensing theirs for fine-tuning like we see with Cursor.
Google is a good example of this, they aren't at the very top, but they're very competitive, and they can afford it, and it may one day pay for itself. Eventually it will be just good enough that in theory you don't need to keep chasing the #1 spot if it just works. I think that's something we all forget too easily.
I don't think anyone outside of Disney/ClosedAI knows what deal was actually made. Maybe they just shut down public use of Sora but Disney will still be able to use it internally? Maybe they never even signed anything, as is too often the case with AI deals, especially big ones, how we read about signed/inked deals but then it turns out it was all just words spoken. Maybe they took the cash, then shut Sora down to save money? Could be any number of things that happened which we might never know.
I assume the logic is that you can now sell the TV for less than competitors, which would surely bring customers. Seems pretty straightforward and inline with how the whole TV broadcast industry has subsidized content with ads for decades.
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