[choonway]

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.

[andai]

I shouldn't win too hard, because then I'll lose?

[muvlon]

Yes. Once you're in such a comfortable position that you'll keep making lots of cash regardless of whether you do well or not, there is little incentive to make good decisions, let alone take risks. This is known as the "curse of Oil" and is also what Intel's decline is attributed to.

[selimthegrim]

Catching up without overtaking

[c7b]

Sudden availability of capital and the perceived need to be seen doing something with it can be a curse. WeWork comes to mind, eg. Stay lean and mean until you actually need the capital. A company like DeepSeek will have zero issues raising anytime.

[brookst]

Yep. Classic “giant series A, company gets amazing office space” vibes.

[lelanthran]

> I shouldn't win too hard, because then I'll lose?

Yes. It's a known thing.

[Psyladine]

Problem of the local maxim, extreme dependency is the same as evolutionary pressure to specialize for it, eventually the process owns you.

[andai]

Interesting, could you elaborate please? What does dependency mean in this context? That you become over specialized for a niche?

[lotsofpulp]

“Raising cash” isn’t necessarily “winning” since you have to give up equity/control, usually.

[DANmode]

Raising more money ≠ winning harder.

[DoctorOetker]

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.

[antiford2049]

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?...

[oliculipolicula]

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)

[dang]

I'm not sure I understand the question but I've replaced the top link (https://github.com/demo-zexuan/liang-wenfeng-investor-meetin...), which was 404ing, with the link in your comment here. Does that help?

[oliculipolicula]

Yes, thank you!

It's now dropped off the FrontPage but I suppose I will just repost at some point with a less controversial title

[fragmede]

email [e-mail]

[koverstreet]

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.