Yeah, I don't think people are processing just how much money is being spent. AI is a useful tool, but the financial aspects of it are monstrous. In terms of comparison, the OpenAI deals announced this year is bigger than the US defense budget. Nuclear weapons, stealth bombers, nuclear submarines, F-35s, a million soldiers...more money than all of that.
Think what an aircraft carrier costs to build (approx 13 billion USD) and then run per year (approx 0.75-1 billion USD), and then think that Sam Altman has promised 100 times that to all his partners. A floating city of 5000 people that can launch a wing of fighter planes and support craft and turn any enemy city into rubble costs a tiny fraction of supporting a chat bot.
1) Are some intelligent people with the power over hundreds of millions, billions even, that sure that AI will pay off?
2) Is it all a gamble by not-that-intelligent people that have power over those billions?
3) Is it intelligent people knowing this will never work, just pretending for the grift, ripping off 2)?
It's fascinating and I can't wait to see how it's ending, despite knowing there is no happy end possible anymore. Either most people are replaced by AI and society as we know it ends or there is a gigantic crash waiting.
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These corporate bonds combined with the rises in consumer debt (and defaults) doesn't seem to bode well. Everyone is borrowing..
2) Is it all a gamble by not-that-intelligent people that have power over those billions?
3) Is it intelligent people knowing this will never work, just pretending for the grift, ripping off 2)?
It's fascinating and I can't wait to see how it's ending, despite knowing there is no happy end possible anymore. Either most people are replaced by AI and society as we know it ends or there is a gigantic crash waiting.