Hacker Newsnew | past | comments | ask | show | jobs | submit | Pseudocrat's commentslogin

He left to found an AI startup


> It’s a machine run on actuarial tables and its calculations are telling insurers that they’ll probably have to pay out a damage claim if they cover a Tesla EV.

How is something as recent as this already affecting interest rates? If this is true, then only negative short term trends can have such an effect. Otherwise I would expect rates to lower just as quickly when public ire moves onto the next outrage generator.


Have you considered selling fake moon landing content to conspiracists as a side hustle?


Depends on use case. Hybrid approaches have been dominating the M-Competitions, but there are generally small percentage differences in variance of statistical models vs machine learning models.

And exponentially higher cost for ML models.


At the end of the day, if training or doing inference on the ML model is massively more costly in time or compute, you'll iterate much less with it.

I also think it's a dead end to try to have foundation models for "time series" - it's a class of data! Like when people tried to have foundation models for any general graph type.

You could make foundation models for data within that type - eg. meteorological time series, or social network graphs. But for the abstract class type it seems like a dead end.


These models may be helpful if they speed up convergence when fine tuned on business-specific time series.


so this TimesFM is also in the same category as TimeGPT from nixtlaverse?


is there a ranking of the methods that actually work on benchmark datasets? Hybrid, "ML" or old stats? I remember eamonnkeogh doing this on r/ML a few years ago.


What shame is there to be had?


As far as I can tell, he did not commit any fraud. Seems like he’s just a good salesperson who landed a whale.


Personally purchasing buildings to rent out to the We company definitely crosses some lines. Same with purchasing the “We” brand which he generously licensed to WeWork for some $5 million.


That was known and the board allowed it. I am on the fence about this because this kind of fraud is team effort. The board and the investors avert their eyes for things that are unethical or even illegal because the "founder" is the golden goose that can do no wrong. They also seem to like being lied to.

"Due diligence" is a dirty phrase in that world. They are geniuses, man. Movers and shakers!


All of which was properly disclosed. Sophisticated buyers knew the risks and chose to take them.


Those seem like bad faith actions, disclosed or not.


I see no reason to assume what someone was or was not thinking in this case. Both parties had sufficient resources to do due diligence, and both parties engaged completely voluntarily under zero duress.


Qualifiers tell me all I need to know, 'sufficient resources'. Playing others and not the field


it's not illegal. The investors needs to caveat emptor and they did(nt).


Not talking to the legality; someone can do bad things and still be following the law.


My heuristic is that whenever someone insists on emphasizing that something iS NoT iLlEgAl, then they're probably trying to obscure that something is wrong.


Success is had by bending the rules without breaking them.


Only if you view rules as pointless adversaries to be beaten. But often rules exist for good reasons to keep people safe and keep interactions fair and trustworthy.

Bending rules isn't something that you should take inherent pride in, and personally, it always lowers my opinion of such people.


Self dealing is very much breaking the rules. Sure, maybe the powers that be let it slide, but it is not playing fair.

Edit: in fact, when the musical chairs stopped and the IPO failed, there were lawsuits about the self dealing. So long as people were making money the board were willing to look the other way.


That is a lazy take used to justify the actions of bad people.


This is a lazy take on morality. Neumann enriched himself from wealthy, supposedly sophisticated investors. So sad. He took (not stole, took) from the rich (which they willingly handed over), gave to himself, and walks around free with no criminal prosecution to speak of.

We might disagree on what constitutes “bad people.”


Dishonest ones is a good start


Everyone lies. Context and intent is what matters.


Wow… much insight.

How about the ”context” that those investors were investing in his company which had hundreds or thousands of employees who also had stakes in its financial health? And he stole the company’s money from those stakeholders and handed it over to himself personally?

How many degrees in Advanced Moral Gymnastics do you need to figure that one out?


We just disagree on morality and the subjectivity of truth and human opinion (see Søren Kierkegaard's philosophy writings for more on this), that's all, no gymnastics required.

https://en.wikipedia.org/wiki/Philosophy_of_S%C3%B8ren_Kierk... ("Wikipedia: Philosophy of Søren Kierkegaard: Subjectivity")


Don't worry, I'm aware that people can have different moral frameworks. I'm also totally comfortable saying that if "lying in order to enrich oneself at the expense of others" is not a solid indicator of "bad person" in your moral framework, then you're an asshole.

Note also that "asshole" has different connotations to different people. And yet... still a very useful descriptor to help isolate bad actors from the rest of society.


> Sophisticated buyers

... as in, himself?


No, the people who bought the equity with which Neumann was able to enrich himself. Neumann sold the equity.


I'm steeped in bias on this one, but overall this is not a surprise. The stock has been trading sub $1 for a while and there has been very little positive coverage of the company in recent months.

The only deal they had in the works was speculated to be with Nissan and that fell through. Although a successful deal with Nissan would've made me even less optimistic after reading about their mandate to cut new build costs by 30%.


Actually faster here to dial the non-emergency. I once called 911 because a 7 year old child approached me at a gas station asking for money. I was put on hold. When I called the non-emergency I got through right away. The cherry on top was when I received a callback from 911 dispatch over an hour later to check if I was okay.


It was interesting to me that OpenAI admitted (according to the article) that they used Bibliotik to train the models.


I love the Y2K disclosure. I was a kid at the time so all I remember are the stickers on everything.

> YEAR 2000 READINESS DISCLOSURE

> The WinLinux 2000 Program has been designed and tested to work for our customers in the Year 2000. We will continue to provide detailed information to customers about Year 2000 readiness, but contractual warranties specific to Year 2000 readiness are not appropriate given the nature of Year 2000 issues and the simple fact that a single technology provider, even one as well prepared for the Year 2000 as JRCP USA L.L.C., cannot solve all issues related to the Year 2000 transition, and are hereby expressly disclaimed. The information we disseminate about Year 2000 readiness does not constitute an additional warranty for the WinLinux 2000 Program; JRCP USA L.L.C. merely provides this information to assist our customers in evaluating and correcting potential issues for using dates into the next century.


I've never wanted to downvote comments on YC more than this thread.


Same. Too much cynicism, too little empathy.

I relate with the story. Many times in my life I put love in my work (passion for the work itself, going the extra mile) and I feel it was not acknowledged. The gap between ones commitment to the cause and a cold reception can be heartbreaking.

… the hard lesson is that in these cases we need to acknowledge that we work from the heart because we want to create meaningful things in our lives. It is for us, in the end. We have to treasure and feel lucky for the times it’s acknowledged and reciprocated, but can’t base our happiness on the expectation of being seen every time.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: