Paul Kedrosky
speaker
1,259 appearances
4 recordings
2 series
first heard Apr 2026
last heard 6d ago
Paul Kedrosky’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Sep 2026 with 1.
Appearances
Still not profitable.
Right.
We know.
I was just looking at some data yesterday with respect to how small language models are increasingly closing the gap with large language models, which is causing training cycles on large language models to have to accelerate, become more expensive, throw more compute at it, more reinforcement learning.
the costs are particularly not declining.
They're actually increasing sharply at the frontier because they're essentially being chased like the rabbits and like Wile E. Coyote and the Roadrunner.
And so they're being chased into this very costly corner as a result.
And that's a classic commoditization problem.
If you go back to the 1900s,
I don't know, late 19th century, a very similar thing happened in railroads as people were racing desperately to try and find a way to build a corner and control themselves so that they could compete with all of these other upstart railroads.
And of course, all that really happened was CapEx exploded, margins went to shit, and multiple railroads failed.
And we led to the crash of what, 1873, 1893, and arguably...
was a cause in the Great Depression.
So you're playing out this exact same game because you're sitting in this high capex world that's increasingly funded by debt and built on top of this duration mismatch with token prices being now exposed and raw in front of people.
I told him.
Whoa.
We were filming Anchorman.
Clearly, I was the idiot.
Thank God he didn't listen to me, right?
You're going to be a huge source of disappointment once you power it up, your neighborhood lights all blink out, and you still can't do anything.
Showing 621–640 of 1,259 · page 32 of 63
← Previous
Next →