Thread

1. davesque · 1791163208 · focus · HN ↗

   This article's argument in a few sentences:

   * Silicon valley gave us DraftKings, Polymarket, and crypto.

   * Modern business planning and venture capital firms make "bets" based on the expected value of investments, i.e. probability of success.

   * LLMs compute a probability distribution on the next token.

   Therefore everything that silicon valley does looks like gambling and shame on them. Sad times seeing stuff like this in the paper of record.

   1. FreakLegion · 1791166265 · focus · HN ↗

      And let's be clear, these claims are nonsense.

      DraftKings was founded in Boston and funded by Boston and other East Coast VCs.

      Polymarket was founded in New York with funding from all over the world.

      Crypto wasn't created in any particular place, and crypto companies are probably the least geographically concentrated kind of tech company there is.

      Venture capital and modern business planning weren't invented in Silicon Valley, either.

      Statistical models have been around for hundreds of years.

      This is "not even wrong" territory.

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