Billionaire Baloney

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That would be insane

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That’s Trump and his words for you.

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I read the caption and didn’t open it.

‘why did Elon sell titter to Grok’

I feel the dumbing down of the world is just about complete and our new Overlords (robot or alien, take your pick) are about to swoop in.

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He basically sold it to himself using a shell company but at a “loss” so that he wouldn’t have to pay capital gains tax

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I thought it was more about proppoing up the value of SpaceX with more smoke and mirrors in preparation for the pending IPO

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Haven’t seen the details, or by how much of a loss, but he overpaid for Twitter when he bought it and I would think it has lost a lot of revenue since then, so I would be surprised for him to sell at a profit.

Its not about twitter. Twitter’s as a company was already rolled into xAI so that the losses of the former could be covered by the investment rush into AI. He’s now using the same AI bubble that is boosting the completely invented value of xAI to boost SpaceX prior to their IPO.

Once Space X goes public and assuming it does well it will be the first time in decades that Musk will actually have liquid wealth rather than what he has had which is wealth tied up with ownership stakes in companies with largely made up value. This deal is just about moving around perceived value into his best opportunity to pulling real wealth out of the situation.

Or AI on mars or some shit like that

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So…how does someone like that manage day-to-day cashflow?

Musk? Loans taken against the value of his investments. That is not treated as income and so not taxable, and the interest rates on the loans are significant lower than the taxes that would levied if that sort of “income” was derived from actual taxable income.

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I do not understand the interest in this guy. But beyond that my main take home here is the only people who think you can “learn a complex topic in 20 minutes” are people have never learned a complex topic

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There is mounting evidence that the investment in technology in education has actually resulted in the first generation with a decline in cognitive capacity since educational testing was developed to measure it. Right now, it is somewhat to difficult to separate that signal from the noise produced by the pandemic disruption (the kids of Grade 8 in 2020 are now 2nd year university), but anecdotally many university teachers are observing the worst prepared cohort in their career.

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I hear this most days.

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I should add, given the parlous state of UKHE, all they do is moan.

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I get the impression that this is similar to the 80s/90s in the Uk. The transition from O/A levels and the subsequent expansion of University places resulted in a similar disconnect, i.e. between what the lecturers expect and that the students expect. Took a bit of time but there was eventual alignment.

Is it a continued erosion of the base level of education (pre-university) or something specific to tech. I recently heard of the Norwegian system through some recently arrived other parents (Magnus please correct me is untrue), that in Norway, schools give children tablets and do not actually teach them to write - was a shock for the children when they went to the Deutsche schule here in France (I know) when they had to actually write something with a pen…

The long and short of it is that the Universities will have to adjust - because, well, customers are always right…

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What I have heard is that students are using the likes of ChatGBT to actually do their coursework rather than assist with it.

I expect that makes it difficult to know whether they even understand the subject, let alone know how to research and assess the references and citations.

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That is likely expected and as a student you’d be a fool to not take advantage. A potential solution could be to weight oral and written examinations over intermediate online tests and coursework. The Universities will have to adapt.

Resistance is futile.

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I think the adaptation would be teaching how to use AI as a research tool, not merely trying to produce “an answer”. When I was at college, the new big thing was searchable journal catalogues. That was a huge advance, and we were taught how to use it appropriately.

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In the late 90s in my first year as a post-grad a postdoc, a prim and proper German postdoc at that, wanted to search for a journal’s homepage. He typed in the initials of Biochemical Journal followed by .com - his face turned a deep beetroot red as pop up after pop up flashed up…

A point to consider is to not restrict the use of AI but to embrace it. All walks of life will incorporate AI and it should about how it can be used in the context of the subject. At the end of the day the written and oral exams should be gating.

As an aside, I look back at the naivety and wonder of the tools that were in the process of being developed in the 90s with fondness… or maybe also because it was 99p a pint of Guiness all summer at the Union.

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