Title: The loss landscape of overparameterized neural networks. Abstract: We explore some mathematical features of the loss landscape of overparameterized neural networks.  A priori one might imagine that the loss function looks like a typical function from $\mathbb{R}^n$ to $\mathbb{R}$ - in particular, nonconvex, with discrete global minima.  In this paper, we prove that in at least one important way, the loss function of an overparameterized neural network does not look like a typical function.  If a neural net has $n$ parameters and is trained on $d$ data points, with $n>d$, we show that the locus $M$ of global minima of $L$ is usually not discrete, but rather an $n-d$ dimensional submanifold of $\mathbb{R}^n$.  In practice, neural nets commonly have orders of magnitude more parameters than data points, so this observation implies that $M$ is typically a very high-dimensional subset of $\mathbb{R}^n$. 