Mastodon Feed: Post

Mastodon Feed

jonny@neuromatch.social ("jonny (nonvenomous)") wrote:

"Our capital pricing term leans towards a value that means it can more or less be built on demand because compute is easy to build and we can build all the compute capacity we need for a given period with a two year lag"

We set the elasticity of capital supply at 𝜀 = 3, which is higher than five years of saving at historical rates would imply. We lean toward a relatively high value because the capital that performs automated cognitive work is disproportionately compute, financed in a world market and built in a year or two