He’s at least an order of magnitude bigger than Holmes. She only squandered billions and injured thousands. Altman’s looking to squander trillions and (if his endless thirst for water and electricity is continuously sated) kill millions.
AI is only losing money because its too good at its job. If you invest another $1T, you can get in on the ground floor of the most transformative grift of the national security state since the dosing rod.
Will this ever happen for OpenAI, i have no idea, but that is the bet.
More than a bet. It’s an engineered outcome, as Microsoft tries to force people into their AI walled garden.
Only question is how many people go along for the ride.
Uber was running a deficit for a long time until it turned profitable.
Uber is a great example of negative externalities, as the average Uber driver doesn’t earn money once you depreciate the value of the car being used.
That said, if things improve both in terms of the quality of responses you can get from models as well as reduced costs to run them, then there is definitely huge economic potential.
The line I’ve seen on AI boils down to this. AI won’t meet human economic potential. But it will run cheaper, which means paper growth, which means the investment is “worth it” at an industry level.
But at a macro level? Economy wide? Big Number may go up, but real productivity is going to slide the more AI attempts to replace human labor.
How do you profit of a company that hemorrhages a few billion a year?
Even Amazon had AWS, which was the absurdly profitable core business at the center of a cost bleeding distribution center.
OpenAI is doing nothing to generate economic value.
I did not realize the distance between the US and Canada was so big.
The end-game for AI (and Crypto, increasingly) is to incorporate into federal systems and financial systems in such a way that they can’t be removed without gutting departments or upsetting major donors.
These are entirely parasitic organizations. They only exist to deplete the assets of the organizations they latch onto.