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Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers

Technology
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    O
    If it were the only option, I'd gladly take it. I rely on robots to do a lot of other things in my life, directly and indirectly. Well, not many directly. But machines, definitely.
  • 89 Stimmen
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    S
    I suspect people (not billionaires) are realising that they can get by with less. And that the planet needs that too. And that working 40+ hours a week isn’t giving people what they really want either. Tbh, I don't think that's the case. If you look at any of the relevant metrics (CO², energy consumption, plastic waste, ...) they only know one direction globally and that's up. I think the actual issues are Russian invasion of Ukraine and associated sanctions on one of the main energy providers of Europe Trump's "trade wars" which make global supply lines unreliable and costs incalculable (global supply chains love nothing more than uncertainty) Uncertainty in regards to China/Taiwan Boomers retiring in western countries, which for the first time since pretty much ever means that the work force is shrinking instead of growing. Economical growth was mostly driven by population growth for the last half century with per-capita productivity staying very close to inflation. Disrupting changes in key industries like cars and energy. The west has been sleeping on may of these developments (e.g. electric cars, batteries, solar) and now China is curbstomping the rest of the world in regards to market share. High key interest rates (which are applied to reduce high inflation due to some of the reason above) reduce demand on financial investments into companies. The low interest rates of the 2010s and also before lead to more investments into companies. With interest going back up, investments dry up. All these changes mean that companies, countries and people in the west have much less free cash available. There’s also the value of money has never been lower either. That's been the case since every. Inflation has always been a thing and with that the value of money is monotonically decreasing. But that doesn't really matter for the whole argument, since the absolute value of money doesn't matter, only the relative value. To put it differently: If you earn €100 and the thing you want to buy costs €10, that is equivalent to if you earn €1000 and the thing you want to buy costing €100. The value of money dropping is only relevant for savings, and if people are saving too much then the economy slows down and jobs are cut, thus some inflation is positive or even required. What is an actual issue is that wages are not increasing at the same rate as the cost of things, but that's not a "value of the money" issue.
  • Iran asks its people to delete WhatsApp

    Technology technology
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    baduhai@sopuli.xyzB
    Communicate securely with WhatsApp? That's an oxymoron.
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    L
    I believe that's what a write down generally reflects: The asset is now worth less than its previous book value. Resale value isn't the most accurate way to look at it, but it generally works for explaining it: If I bought a tool for 100€, I'd book it as 100€ worth of tools. If I wanted to sell it again after using it for a while, I'd get less than those 100€ back for it, so I'd write down that difference as a loss. With buying / depreciating / selling companies instead of tools, things become more complex, but the basic idea still holds: If the whole of the company's value goes down, you write down the difference too. So unless these guys bought it for five times its value, they'll have paid less for it than they originally got.
  • What was Radiant AI, anyway?

    Technology technology
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    T
    In fact Daggerfall was almost nothing but quests and other content like that.
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    freebooter69@lemmy.caF
    The US courts gave corporations person-hood, AI just around the corner.
  • I am disappointed in the AI discourse

    Technology technology
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    artocode404@lemmy.dbzer0.comA
    I apologize that apparently Lemmy/Reddit people do not have enough self-awareness to accept good criticism, especially if it was just automatically generated and have downloaded that to oblivion. Though I don't really think you should respond to comments with a chatGPT link, not exactly helpful. Comes off a tad bit AI Bro...
  • Bill Gates to give away 99% of his wealth in the next 20 years

    Technology technology
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    G
    hehehehe You know, it's hilarious that you say that. Nobody ever realizes that they're talking to a starving homeless person on the internet when they meet one, do they? Believe it or not, quite a few of us do have jobs. Not all of us are disabled or addicted. That is the problem with the society we live in. We're invisible until we talk to you.