Full podcast episode: th-cam.com/video/0cn3VBjfN8g/w-d-xo.html Lex Fridman podcast channel: th-cam.com/users/lexfridman Guest bio: Mark Cuban is a businessman, investor, star of TV series Shark Tank, long-time principal owner of Dallas Mavericks, and founder of Cost Plus Drugs.
The fact that Mark Cuban is even aware of the community college I attended “Richland” speaks volumes of how his business philosophy is based on giving every entrepreneur despite their background a fair shake. He’s American Entrepreneurship realized and somehow still current and relatable it’s kinda crazy
This guy assembles a product, gets compensated in stock of acquirer, then shorts index with a lot of that stock and THEN says he shorted them to not be greedy?!?! Rofl
I hate to defend Cuban but what was the insider knowledge he had? A wildly overvalued company trading at 400x earnings in a market trading at 30x earnings (NASDAQ trading much higher) isn’t insider knowledge it’s just common sense, which actually isn’t too common. Was there some report that Yahoo execs tipped him off that earnings were going to badly miss and only then did he run a strangle?
@@v01c3 No, I cant, I just dont have those type of skills, computers were never my thing, and never will be my thing. I know what I am good at it and not good at, and coding and programming aint my thing.
He bought a put option on the index which is basically insurance against his stocks, so if the market goes up his option expires worthless and he loses the premium, but if the market collapses even though his stocks go down in value his put option goes up in value way more because its leveraged ,meaning with a small amount in a put option he covers most if not all the loss in value of the stock going down, you need to understand option trading to get it
I still don't understand why or how a gpu Iis actually better than an asic for ai though? Like do we not already have the foundation of ai models and how they work yet? There's no need to have a chip capable of doing other things at this point is there? Like isn't open ai and Facebook all wanting to shift away from Nvidia for Asic? Nvidia is just a freaking plague at this point!
I've been thinking the same thing. Makes me wonder if there's some backdoor deals that have over amplified Nvidia's value here, which then translates to a public narrative that GPUs in general are uniquely necessary for AI. And then there's some sort of echo chamber effect that wraps the narrative back around to over inflating Nvidia's value. I just don't get it. It's a GPU. They're already inflated by gamers and cryptobros. If there's something unique about the chip/dram... Adapt that to make an AI focused CPU? Lex just had Altman on who said the currency of the future is compute. Surely that's not bottlenecked by a GRAPHICS processing unit designed to optimize the next GTA 6 or whatever.
Computer Science Graduate here and Software Engineer. You don’t need a GPU to run AI models, you can essentially use any computer. This is similar to running video games on your computer - you can use an off the shelf Walmart laptop to run games, or you can use a custom built gaming PC with an expensive GPU. You use the GPU because it’s 100X faster. It’s faster because when running software that relies heavily computer graphics, such as in video games, the software is essentially doing millions of matrix multiplication math problems to compute different angles, shadows, rotations, etc of basic shapes. GPU’s work great for this because of how they are built, the hardware architecture is optimized for these types of math problems. Now, with AI models, the software is doing something very similar - millions of matrix multiplications. Which means GPUs happened to be a natural fit for when you wanted to process these multiplications much faster, and is what allows our AI models to be so damn good: because they run faster on GPUS. It doesn’t mean you can’t use a regular CPU, but it just means it will be slower and less efficient. That’s why there’s such high demand for GPUs in relation to AI - it makes it more powerful and faster.
its a trick question. its used to inquire about if any money laundering may be involved. any suspiscious indicicators. vivek ramaswami's story is suspicious due to the origins unknown and he made 1 billion off of failed businesses.
Full podcast episode: th-cam.com/video/0cn3VBjfN8g/w-d-xo.html
Lex Fridman podcast channel: th-cam.com/users/lexfridman
Guest bio: Mark Cuban is a businessman, investor, star of TV series Shark Tank, long-time principal owner of Dallas Mavericks, and founder of Cost Plus Drugs.
Right place, right time, right person.
Yup
Stupid comment, I’m sure hard work and being extremely smart in business and in general had nothing to do with it 🤦🏻♂️
Yeah, you're right. There IS something to be said about hustle, hard work, and intellect. However, when it comes to making the BIG bucks, it's luck.
There's nothing special about Mark Cuban lol
@@jimsonjohnson3761 and there's even less special about you
The fact that Mark Cuban is even aware of the community college I attended “Richland” speaks volumes of how his business philosophy is based on giving every entrepreneur despite their background a fair shake. He’s American Entrepreneurship realized and somehow still current and relatable it’s kinda crazy
Mark Cuban is one of the few entrepreneurship pundits who knows what he is talking about. His recognition of why Bezos was a success is underrated.
Where do I find this
i LeArnEd THaT BEzOs WaZ a SuCcEss Cuz He C0Uld RaiSE MonEY GoOD.
Silicon Valley said it again and again.... put radio on the internet
ROI!
I agreed to that 25 years ago 100%
This guy assembles a product, gets compensated in stock of acquirer, then shorts index with a lot of that stock and THEN says he shorted them to not be greedy?!?! Rofl
Frames an insider knowledge short as “trying not to be greedy” lol
Fr this is a conman
I hate to defend Cuban but what was the insider knowledge he had? A wildly overvalued company trading at 400x earnings in a market trading at 30x earnings (NASDAQ trading much higher) isn’t insider knowledge it’s just common sense, which actually isn’t too common. Was there some report that Yahoo execs tipped him off that earnings were going to badly miss and only then did he run a strangle?
Understanding an industry because you work in it isnt insider knowledge!
Hur durr rich person = bad
So, unless sonething as world-changing as 'The Internet' cones along, forget it.
I barely know how to use the stuff on I phone. Wish I had the computer expertise, coding ability, and knowlegde to do these things.
then learn?
@@catalystloverwhy are you weirdly annoying
It’s all out there, you can learn it, but it will take time
@@v01c3 No, I cant, I just dont have those type of skills, computers were never my thing, and never will be my thing. I know what I am good at it and not good at, and coding and programming aint my thing.
You need to believe in yourself you can do whatever you set your mind too
I found what my calling is but a billion would definitely help in the pursuit
Work harder.
@@nicksmith9 have no choice unless god grants me a ace doubt it but im cool existance is good enough
@@DakotaCoughlin excuses, excuses.
In short, be a bloody genius
Cuban is NOT a genius lol
He didn't want to be greedy so he shorted the stocks?
What?
He bought a put option on the index which is basically insurance against his stocks, so if the market goes up his option expires worthless and he loses the premium, but if the market collapses even though his stocks go down in value his put option goes up in value way more because its leveraged ,meaning with a small amount in a put option he covers most if not all the loss in value of the stock going down, you need to understand option trading to get it
@@aladdinala1 thank you buddy.
I know what shorting is
But you short to make money against the marketz which is the very definition of greedy
Right?
Go Hoosiers baby!
Him saying he didn't want to be greedy sounds ridiculous.
why
I still don't understand why or how a gpu Iis actually better than an asic for ai though? Like do we not already have the foundation of ai models and how they work yet? There's no need to have a chip capable of doing other things at this point is there? Like isn't open ai and Facebook all wanting to shift away from Nvidia for Asic? Nvidia is just a freaking plague at this point!
I've been thinking the same thing. Makes me wonder if there's some backdoor deals that have over amplified Nvidia's value here, which then translates to a public narrative that GPUs in general are uniquely necessary for AI. And then there's some sort of echo chamber effect that wraps the narrative back around to over inflating Nvidia's value. I just don't get it. It's a GPU. They're already inflated by gamers and cryptobros. If there's something unique about the chip/dram... Adapt that to make an AI focused CPU? Lex just had Altman on who said the currency of the future is compute. Surely that's not bottlenecked by a GRAPHICS processing unit designed to optimize the next GTA 6 or whatever.
Computer Science Graduate here and Software Engineer. You don’t need a GPU to run AI models, you can essentially use any computer. This is similar to running video games on your computer - you can use an off the shelf Walmart laptop to run games, or you can use a custom built gaming PC with an expensive GPU.
You use the GPU because it’s 100X faster. It’s faster because when running software that relies heavily computer graphics, such as in video games, the software is essentially doing millions of matrix multiplication math problems to compute different angles, shadows, rotations, etc of basic shapes. GPU’s work great for this because of how they are built, the hardware architecture is optimized for these types of math problems. Now, with AI models, the software is doing something very similar - millions of matrix multiplications. Which means GPUs happened to be a natural fit for when you wanted to process these multiplications much faster, and is what allows our AI models to be so damn good: because they run faster on GPUS. It doesn’t mean you can’t use a regular CPU, but it just means it will be slower and less efficient. That’s why there’s such high demand for GPUs in relation to AI - it makes it more powerful and faster.
The specific type of mathematical operations needed for neural network training run much faster on a distributed system like a GPU.
I dont need a B by my name, an M will do it for me.
The rich are now on the wrong side of history 😮 #warehouses #greed #thecollective
ROI!
ROI - radio on internet
its a trick question. its used to inquire about if any money laundering may be involved. any suspiscious indicicators. vivek ramaswami's story is suspicious due to the origins unknown and he made 1 billion off of failed businesses.
fake billionare