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Cake day: June 16th, 2023

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  • Cashburn is like projecting profit but instead of profit you are just going to burn the pool of money you have so much your profits won’t mean anything. Anything black on this line is profit, red is cash burn. All companies start in a cash burn state, but if you look at the ones listed, the initial cash burn when they launched was relatively small.

    OpenAI is planning to burn more money than most of them profited.

















  • In Canada, the only province that historically has a rate that high is Ontario, and that is because they use Nuclear power, which is more expensive to maintain, and also they have no protection laws for consumers. So residents of Ontario pay what the US companies are willing to pay for power.

    The neighbouring province, Quebec, uses primarily Hydro Electric dams, and has protection laws that restrict pricing for hydro power for residents of Quebec to a reasonable margin above cost, regardless of what the US is willing to pay for the power.

    When I lived in Ontario, the price was $24c/kwh, while Quebec was $8/kwh

    Ontario has had new laws passed with the energy board and now it appears their price is down to $14c/kwh according to this site, but I’m willing to bet that is highly dependent on surge pricing. Getting straight answer on costs is difficult these days with all the tiered pricing.

    Apparently Alberta is more expensive than Ontario now… Must be all that “freedom” they have… Did they privatise electric in addition to everything else there? I’m not familiar with how their grid is powered… Maybe its oil/coal based. Which would be unsurprising.