because it's recommended by nearly all consultants and Microsoft.
Simple as that, it's consulting Heaven. Much like SAS and SAP. Everybody happy.
Now to be far to databricks, if used properly and ignore the cost, it does actually function pretty well. Compared to Synapse, PowerBI Tabular, Fabric, Azure ML, ... that's already a big big big step forward.
Definitely seem like bad investments from my perspective on databricks.
Databricks is great at offering a "distributed spark/kubernetes in a box" platform. But its AI integration is one of the least helpful I've experienced. It's very interuptive to a workflow, and very rarely offers genuinely useful help. Most users I've seen turn it off, something databricks must be aware of because they require admins permission for users to opt out of AI.
I don't mean to rant, there's lots that is useful in databricks, but it doesn't seem like this funding round is targeting any of that.
i don't think that it is possible to raise a 100 billion without name dropping ai in every sentence in every meeting you have with a potential investor....
what is the investor thesis for coming in with such a multiple?
You know they will have to find a a greater fool, possibly the public to buy at an even higher ratio to break any profit on that....
This isn't really venture investing at this point. The valuation risk calculation is very different for preferred shares than common stock, and with a healthy ARR they have very little risk (maybe not much profit, but it's not that different than a bond on some level...).
Have you considered that you can actually right click the start button, open a window, throw machine out of window? (I’ll get my coat!)(it’s cold out here collecting discarded pc’s)
Imagine if any one of these tech companies decided the future was in solving problems for humanity rather than how to serve adverts in a future where content was autogenerated.
The money and resources they have available is astronomical.
Instead they spend it on future proofing their profits.
For a few years it seemed like Tesla and SpaceX were those companies - reducing our dependence on fossil fuels, boosting clean transportation and solar, pushing forward space exploration.
But the promises turned into stock boosting lies; the environmental good into vote buying for climate change deniers, and space exploration into low earth cell-towers.
Those years were a long time ago for me. I’ve been arguing musk is a snake oil salesman since at least 2014. I lost friends over it at the time, people who were very heavily invested into musk, both financially and for some reason, emotionally.
how is he snake oil s. since that time, he with his several teams, actually made electric cars a market wide reality, cheap orbit rockets and with starlink internet almost everywhere possible on earth? snake oil would be over without actually changing the history.
> he with his several teams, actually made electric cars a market wide reality
Electric cars? That would be Martin Eberhard and Marc Tarpenning, Tesla’s actual founders. They created the Roadster and brought the vision. Musk came in with money, staged a hostile takeover, and then rewrote the company’s history to fit his inflated ego, like the sad little man he is. It's honestly cringe.
> cheap orbit rockets and with starlink internet almost everywhere possible on earth
Amazing what billions in government contracts and management smart enough to keep Elon out of the way can accomplish. SpaceX deserves praise; spinning it into a Elon is a genius narrative? Not so much.
As for the snake oil, just a few of Elon's greatest hits:
1. Hyperloop. Old idea's wrapped in new buzzwords. Never viable. He didn’t invent it, but he sure wants you to think he did, just like with Telsa.
2. FSD “next year” since forever. Still not here. Still being marketed like it's solved. And still charging like a wounded bull for it.
3. Robotaxis and appreciation hype. Musk literally claimed Teslas would go up in value and earn passive income as robotaxis. It doesnt get much more snake oil than this.
"We’re confident the cars will be worth more than what you pay for them today." – July 2019
"It’s financially insane to buy anything other than a Tesla." – April 2019
Absolutely laughable. Show me one consumer owned Tesla that’s worth more today than it was in 2019. I’ll wait. If you can't, we'll mark it down as snake oil bullshit.
4. Optimus. Elon hyped this like Tesla had cracked general purpose humanoid robotics out of nowhere, leapfrogging companies that have been grinding on this for decades. The first reveal? A guy in a suit dancing. The follow ups? Stiff prototypes doing slow, assisted movements and following that, remotely controlled animatronics and so on. Meanwhile, Musk is on stage talking about replacing human labor, reshaping the economy, and bots becoming more valuable than cars. None of it is remotely close. But it worked, stock popped, headlines flooded in, and the fantasy sold.
5. SolarCity. An overhyped, underdelivered money pit that Tesla had to bail out. Just another Elon tyre fire.
6. "Funding secured." Flat out lied about taking Tesla private at $420. SEC slapped him, but the stock soared. Mission accomplished.
And that’s just scratching the surface of his bullshit. It ignores all the other missed deadlines, quality issues, inflated delivery claims, etc etc etc. Here is some more of his bullshit, also I am sure not exhaustive:
Yes, he’s had wins. But wins don’t erase the mountain of bullshit. Elon’s biggest output isn’t cars or rockets. It’s hype. His true skill is selling fantasy to retail investors and tech worshipping middled aged white dudes who still think he’s some genius messiah. Strip the PR away, and you’ve got a guy who overpromises, underdelivers, and never stops running his mouth.
man I'm so sorry for you. Like if you can't understand what some people lead or achieve, which is real with rockets and such. You just write long BS for you bias. Have a good day
> Little of what you mention was evident before 2014.
I was responding to a parent that said "since that time."
Even if I had not been, it just serves to validate that with each passing year I have been given only more reasosn to think the things I did in 2014, today.
At the same time, asking them to solve social problems with money and technology and dubious morality doesn't look like the way forward either.
Very aptly, the Manhattan Project or Space Race weren't aimed at the improvement of mankind per se. Motivation was a lot more specific and down to earth.
"In the real world, this has led to a pathology where the tech sector maximizes its own comfort. You don't have to go far to see this. Hop on BART after the conference and take a look at Oakland, or take a stroll through downtown San Francisco and try to persuade yourself you're in the heart of a boom that has lasted for forty years. You'll see a residential theme park for tech workers, surrounded by areas of poverty and misery that have seen no benefit and ample harm from our presence. We pretend that by maximizing our convenience and productivity, we're hastening the day when we finally make life better for all those other people.
We should not listen to people who promise to make Mars safe for human habitation, until we have seen them make Oakland safe for human habitation. We should be skeptical of promises to revolutionize transportation from people who can't fix BART, or have never taken BART."
"Living standards in Poland in 2010 had more than doubled from 1990. In the same time period, in the United States, I’ve seen a whole lot of nothing. Despite fabulous technical progress, practically all of it pioneered in our country, there’s been a singular failure to connect our fabulous prosperity with the average person.
A study just out shows that for the median male worker in the United States, the highest lifetime wages came if you entered the workforce in 1967. That is astonishing. People born in 1942 had better lifetime earnings prospects than people entering the workforce today.
You can see this failure to connect with your own eyes even in a rich place like Silicon Valley. There are homeless encampments across the street from Facebook headquarters. California has a larger GDP than France, and at the same time has the highest poverty rate in America, adjusted for cost of living. Not only did the tech sector fail to build up the communities around it, but it’s left people worse off than before, by pricing them out of the places they grew up."
Well I’m ecstatic about this, purely because we can tell the “ai will kill all programming jobs by 2026” people that yes ai will remove all programming jobs but you can’t afford to pay for ai for more than two days a week and the rest of the week the ai bots will be idle and refuse to program
This isn’t the story we generally hear - what we hear about us healthcare is that you need a well paid job and even then medicines are ridiculously expensive - like thousands of dollars a month for something that is tens of pounds in the uk.
That's generally all true. My family's monthly healthcare premiums are about $6000 per month for a family of 6, for a "platinum plan" paid for by my employer. I had my gallbladder out earlier this month, and my out-of-pocket cost (i.e. what I had to pay myself after insurance paid its part) was about $2500 for the same-day surgery without complications where I went home an hour after it was over.
Yes, after paying approximately $70,000 per year in premiums, I still have to pay a couple thousand dollars for routine, non-emergency, common healthcare procedures.
Technology wise, I think we have the greatest healthcare system in the world. Finance wise, it feels like the worst parts of Cyberpunk 2077.
My medication is billed as "thousands per month" but the insurance company pays a different rate than the 'billing' rate and all I pay is $20/month for my biologic infusions. If I didn't have insurance I could enroll in the drug program and get it nearly free. I think its really very rare for the case you mention.
Healthcare coverage generally comes with any fulltime job. It's cheap for individuals (I pay about $150/month) but gets more expensive with families, which is a real problem. Most medications are cheap. The only medications I've heard of that are expensive are new ones not yet approved by the insurer. I pay less than $10/month for my medications.
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