Here's a sneak peek of /r/badeconomics using the [top posts](https://np.reddit.com/r/badeconomics/top/?sort=top&t=year) of the year!
\#1: [Jordan Peterson: women joining workforce cuts wages in two](https://np.reddit.com/r/badeconomics/comments/8lcexw/jordan_peterson_women_joining_workforce_cuts/)
\#2: [Old Man Yells at (Amazon) Cloud](https://np.reddit.com/r/badeconomics/comments/9a3sjh/old_man_yells_at_amazon_cloud/)
\#3: [The neckbeards at /r/LateStageCapitalism are seething with rage after comparing the change in real incomes to the change in the nominal price of bread, forgetting to adjust for inflation. "This is cause for a revolution"](https://np.reddit.com/r/LateStageCapitalism/comments/91rabx/but_its_our_fault_right/) | [276 comments](https://np.reddit.com/r/badeconomics/comments/91wvk8/the_neckbeards_at_rlatestagecapitalism_are/)
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DO NOT SQUEEZE THE CATS THAT HARD.
I have a cat cafe near me. I'e never been. You have to book and pay to get in and it's way too much hassle to bother with, because there's also a cat pub that's just a pub with a bunch of cats hanging out. Way better.
> there's also a cat pub that's just a pub with a bunch of cats hanging out
Whoa didn’t know that was thing til now.
>DO NOT SQUEEZE THE CATS THAT HARD.
I can see the drunkards at the cat bar getting all handsy after too many drinks while those cats just want to chill in their lair. Is that consistent with what you’ve seen?
[Article from a few years back](https://www.bbc.co.uk/news/uk-england-bristol-34871580). It's still there, still tiny, still has cats, but has plenty of ways for the cats to escape out the back. Last time I was in, one of the cats was sniffing everyone while three snoozed on cardboard trays on the bar. They accepted petting gracefully.
Three out of five AI bandwagon startups having anything whatsoever to
do with machine learning (not a fan of conflating the two but it’s not
like AI means particularly much in and of itself so at least it’s
something concrete) sounds way too high tbh.
Brains are just meat servers loaded with AI. Five in five AI startups
are ran by people with brains. Therefore, five in five have AI. Also why
we are morally allowed to overwork them for no pay. QED. Please give me
money, hype-blinded boomer plutocrats.
There was an article I read about this in I believe the NYT that said
most of the work that was done by “AI” was actually done by low paid
contractors. Low paid contractors is SV’s dirty little secret. Mixing
that with the AI and the ML fad is hilarious and sad at the same time. I
can’t be mad at anyone for scamming idiot VCs though. That I
support.
there is a hilarious irony in Amazon Mechanical Turk labor being used by silicon valley startups to make actual [mechanical turks](https://en.wikipedia.org/wiki/The_Turk)
**The Turk**
The Turk, also known as the Mechanical Turk or Automaton Chess Player (German: Schachtürke, "chess Turk"; Hungarian: A Török), was a fake chess-playing machine constructed in the late 18th century. From 1770 until its destruction by fire in 1854 it was exhibited by various owners as an automaton, though it was eventually revealed to be an elaborate hoax. Constructed and unveiled in 1770 by Wolfgang von Kempelen (Hungarian: Kempelen Farkas; 1734–1804) to impress the Empress Maria Theresa of Austria, the mechanism appeared to be able to play a strong game of chess against a human opponent, as well as perform the knight's tour, a puzzle that requires the player to move a knight to occupy every square of a chessboard exactly once.
The Turk was in fact a mechanical illusion that allowed a human chess master hiding inside to operate the machine.
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> I can't be mad at anyone for scamming idiot VCs though.
I used to feel this way, but after MoviePass (RIP) opened my eyes to the potential for harebrained startups to pipe capital from idiot VCs *directly to me,* I raised my standards a little.
I know firms who literally exist to do this (I'm Indian). Their clients hire them for any kind of digital labour (content moderation, etc.) but the elephant in the room is AI counterfeiting.
When you have a startup that has been formed in order to
produce AI, of course you wouldn’t have produced it already
when you are seeking initial VC investors.
It’s like saying 40% of cancer research startups don’t even have a
cure for cancer.
You seem to have misunderstood the article. These startups are not claiming to be developing AI, they are claiming to be leveraging AI to solve specific problems or create productivity in certain industries while having no existing AI tech. It would be more like if a cancer research startup claimed to use organic chemistry to find a cure for cancer while employing no organic chemists.
> These startups are not claiming to be developing AI, they are claiming to be leveraging AI to solve specific problems or create productivity in certain industries while having no existing AI tech.
"AI tech" can be largely theoretical. It's ideas about how to code.
If VC wants to fund people's theories on how they can develop AIs that do X, then it's their money.
It's risky to invest in, and it's risky to not invest in. They can weigh those risks. That's sort of the point of VC.
See this is why they should be on the blockchain
Usually AI is an euphemism for linear regression.
Quelle surprise.
There are 1200 start-ups that have not done what they said they’d do with investor’s money?
I would like to be number 1201: “AI cat.” I have a prototype… money plz
Three out of five AI bandwagon startups having anything whatsoever to do with machine learning (not a fan of conflating the two but it’s not like AI means particularly much in and of itself so at least it’s something concrete) sounds way too high tbh.
Only two in five? Damn.
Relevant once again: https://www.theguardian.com/world/2018/dec/12/high-tech-robot-at-russia-forum-turns-out-to-be-man-in-robot-suit
Brains are just meat servers loaded with AI. Five in five AI startups are ran by people with brains. Therefore, five in five have AI. Also why we are morally allowed to overwork them for no pay. QED. Please give me money, hype-blinded boomer plutocrats.
There was an article I read about this in I believe the NYT that said most of the work that was done by “AI” was actually done by low paid contractors. Low paid contractors is SV’s dirty little secret. Mixing that with the AI and the ML fad is hilarious and sad at the same time. I can’t be mad at anyone for scamming idiot VCs though. That I support.
I’m not sure I understand the criticism here.
When you have a startup that has been formed in order to produce AI, of course you wouldn’t have produced it already when you are seeking initial VC investors.
It’s like saying 40% of cancer research startups don’t even have a cure for cancer.