AI is perfect for this because you get to sweep bad decisions you made under the rug and look like a forward-thinking visionary. Why would any CEO not blame their layoffs on AI, true or not?
> Almost all of the value to be captured isn't in inference APIs but in how to use them to generate business value.
If the business value can be generated with a few thousand words in a SKILL.md on top of a commoditized model it doesn't sound like that's a market anyone can win long-term either, and the business value is ultimately going to accrue elsewhere (the customer, the inference hardware provider, etc)
It's ridiculous to say that pharma is "evil" simply because it isn't a one time treatment, especially when you don't know if a one time treatment is even biologically possible. The water company isn't evil for failing to provide me a single glass of water that meets my lifetime hydration requirements.
Something like Fidelity's Cash Management Account (has a debit card, automatically liquidates money market funds to cover spending) works fine as an emergency fund. But you need your emergency fund in two separate accounts at two different financial institutions to be safe from shenanigans like this.
This is not merely a theoretical risk. Patelco (a Bay Area credit union with half a million members) got hit with ransomware back in 2024 that disrupted banking services for two weeks.
You can have multiple accounts, yes; but you can also diversify via friends and family.
As a good friend, if I know that you are good for the money, I'd happily spot you even a few tens of thousands for a few days or weeks. (I'm actually more reluctant to do that with some family members, because I might be less likely to get the money back.)
Yep, another reminder that community is what makes you resilient. Not to say you shouldn’t personally prepare, but building up your community is preparation. It’s not only about stockpiling for yourself.
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