254
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Feb 2024
254 points (91.2% liked)
Technology
58302 readers
3177 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
If I made 29B in one morning, I’d fuck off and will never be heard of again in the news.
Hell, if I got 1/1000th of that I would do the same lol.
Isn't that crazy? Any one of us would have more money than we knew what to do with, with only 1/1000th of his profits today. That's how tipped the scales are in capitalism these days.
I remember learning recently that if we magically confiscated 99.9% of the wealth of the top 100 richest people in the world, all of them would still be in the top 0.01% of the world's population wealth-wise.
Just insane.
I know exactly what I'd do with it.
Get into gunpla, of course.
The 29B would go away if he fucked off, and probably then some.
It's not actually real money, it's estimated net worth based on stock ownership in Meta, of which Mark Zuckerberg is a large enough shareholder to have his actions directly impact its perceived value.
If he quits today, the stock likely tanks. Making an exit and keeping the money in his position is a complicated and delicate affair.
If he quit today I'd immediately buy the stock.
He's the sole reason I don't own it and never have.
They have some of the best engineering talent among the big players, but he's kind of terrible at product vision and historically supposed to be a micromanager.
As an example, I recall discussing a dislike button with an employee a decade ago. No public indicator, just telling the algorithm "I don't like this" to balance the public "I like this". Allegedly, that was infamously a no-go from the very top.
Fun fact: when training an AI on data, the gold standard is to have both positive and negative reinforcement metadata.
I've often wondered what it would have been like to be a fly on the wall when his ML engineers were explaining to him just how valuable it would have been to have over a decade of both signals from billions of people when they were shifting gears into competing with OpenAI/Google on AI.
Pretty much what the founder of MySpace but I think back then he made a lot less than 29B