So in the 1950s and ‘60s, the goal of every single business that employed humans was to find ways to replace humans with machines: in economic terms, to substitute capital for labor. And even though they were a relatively labor-light business to start with, this was true of banks as well. This was the case in the United States, but it was actually particularly true in Europe, where labor unrest among bank employees was an ongoing headache. (Financial sector employees were actually some of the most militant of all white-collar workers during this period: because of prolonged strikes by bank employees, Irish banks were closed 10 percent of the time between 1966 and 1976.)
With RVA23, there is less uncertainty about vector capability, less doubt that deterministic approaches can achieve first-class performance, and less need to rely exclusively on speculation to scale. Less reliance on speculation as the sole path to scaling. Today’s workloads are parallel by design, not by heroic compiler extraction from sequential code. For these workloads, speculation’s costs increasingly outweigh its benefits.
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