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. JumpCrisscross · 1790664346 · focus · HN ↗

      > Such a business already exists - airlines

      Also computers. DEC and IBM and Gateway and whatever didn't extract the economic benefits of digitization. Even Apple extracts a vanishing fraction of the economic benefits the iPhone has created.

      1. Panzer04 · 1790685423 · focus · HN ↗

         Well, you can extract all the value created using your tools and inventions, because then no one would have any incentive to use them to create value.

         They try to get around this by charging you more after you've invested in your tools, but even then you can only go so far (though it's astonishing how far the big guys have managed to get regardless)

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