Thread

1. 2ss · 1790639528 · focus · HN ↗

   2 things can be true:

   -LLMs profoundly change society -The LLM business is mangled in terms of ROIC vs CoC

   Such a business already exists - airlines.

   This nuance is what many here refuse/find difficult to understand.

   1. pid-1 · 1790642086 · focus · HN ↗

      Isn't telecom kinda the same? Lots and lots of capex, turned into dumb pipes that can't extract value from their customers.

      1. mattm · 1790642463 · focus · HN ↗

         I don't think telecom is the same. 2025 net income for the big 3 US telecoms: AT&T: $22B Verizon: $17B T-Mobile: $11B

         1. bad_haircut72 · 1790642554 · focus · HN ↗

            Compared to the Google/Facebook and other websites who run over these networks the Telcos barely capture any of the value in that exchange for themselves, whilst stumping for huge amounts of the capex

            1. repeekad · 1790642912 · focus · HN ↗

               Meta alone made more than those three combined at $60B, Google made $132B

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