yep. the word they use is probably 克制 or self-restraint. no need to raise so much cash if you can't use it.
in his article he talks about the negative aspects of getting everything you want. (all the money, brightest minds, biggest share in AI) etc. he says that these are the things that will cause a company to fail.
I shouldn't win too hard, because then I'll lose?
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Unless they have a shortage of mathematicians, physicists, ... it seems a fundraiser could help bypass a compute gap by focusing even more on inference and training efficiency.
The maturity of leadership in China seems to be on a whole different level from the U.S.
Lots of companies in the U.S. have fallen victim to that syndrome, but if you used the word "restraint" in that context in Silicon Valley most people would look at you like you're insane.
is this similar to Meta starting to rent out own compute as they cant seem to do much with it and monetising it is much better ROI?...
Sorry to barge in here. I couldn't find a good place to place
https://github.com/demo-zexuan/liang-wenfeng-investor-meetin...
The current link is 404, can mods update to above, detach, make sticky?
(No response from mods, understandable)
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