alt Hacker NewsThe implication is that companies in a private market can't possibly be hugely inefficient for irrational reasons that can ultimately be self-harming.
An interesting take.
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weatherlite • today at 3:13 PM
I used the term "private market" when I actually meant the private sector. I just mean all labor that isn't government owned - public companies, private companies etc. So yes - in a reasonably functioning capitalist market (which the U.S still is in my eyes) I expect gross inefficiencies to not be prevalent.
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They can be irrational and ineffective. Nevertheless, if LLM are useful, they would still earn more then before.
Regardless of their effectivity, it means LLMs are not useful for them.