In a way yes, but it’s like feeding a starving child nothing but candy until they die.
¯\_(ツ)_/¯
ContrarianTrail@lemm.ee 3 weeks ago
Isn’t it good that the money is being put into circulation instead of being hoarded? I’m all in for the wealthy wasting their money.
finley@lemm.ee 3 weeks ago
IphtashuFitz@lemmy.world 3 weeks ago
I’m willing to bet the vast majority of that money is changing hands among tech companies like Intel, AMD, nVidia, AWS, etc. Only a small percentage would go to salaries, etc. and I doubt those rates have changed much…
lemmyvore@feddit.nl 3 weeks ago
They typically use internal personnel and being parcimonious about it so you’re right about that.
where_am_i@sh.itjust.works 3 weeks ago
Yeah, the brightest minds instead of building useful tech to fight climate change, spend their life building vanity AI projects. Computational resources instead of folding proteins or whatever are wasted on some gradient descent of some useless model.
All while working class wages are stagnant. And so your best career advice is to go get a random tech degree so you could also work on vanity stuff and make money.
This is cryptocurrency equivalent. It’s worse than CEOs buying yachts. The latter actually leads to some innovation.
ContrarianTrail@lemm.ee 2 weeks ago
Succesfully creating an actual AGI would be by far the biggest and most significant invention in the human history so I can’t blame them for trying.
where_am_i@sh.itjust.works 2 weeks ago
A bunch of people fine-tuning an off-the-shelf model on a proprietary task only to fail horrendously will never lead to any progress, let alone AGI.
So, nobody is trying AGI.
If all those people would actually collectively work on a large-scale research project, we’d see humanity advance. But that’s exactly my point.
ContrarianTrail@lemm.ee 2 weeks ago
“Nobody is trying AGI” is simply just not true. If you think what they’re doing will never lead to AGI, then that’s an opinion you’re free to have, but it’s still just that; an opinion.
Bluefalcon@discuss.tchncs.de 3 weeks ago
The larger issue that people always fail to remember is the energy consumption. We are see massive amounts of electricity.
One peer-reviewed study suggested A.I. could make up 0.5 percent of worldwide electricity use by 2027, or roughly what Argentina uses in a year. Analysts at Wells Fargo suggested that U.S. electricity demand could jump 20 percent by 2030, driven in part to A.I.
The wealthy are under sailing like always. Just like we did with cigarettes or burning fossil fuels. We should have learned but it by the time we do, it might be to late.
explodicle@sh.itjust.works 3 weeks ago
Thats a “Parable of the Broken Window”. They could be spending their money on something actually useful.
sugar_in_your_tea@sh.itjust.works 2 weeks ago
But they probably wouldn’t, they’d just throw it at gold, crypto, or something else that doesn’t provide any real value.
explodicle@sh.itjust.works 2 weeks ago
Even stuffing it under a mattress is better than wasting people’s time.
SapphironZA@sh.itjust.works 3 weeks ago
The problem is the bulk of it is going to Nvidia.
Steve@startrek.website 3 weeks ago
Don’t forget all the fuel burned for electricity to power it!
lemmyvore@feddit.nl 3 weeks ago
Well probably not just Nvidia but the next likely beneficiaries are in the same range (Microsoft etc.)
sugar_in_your_tea@sh.itjust.works 2 weeks ago
The money goes to Microsoft/Google/Amazon/etc, which they goes to Nvidia.
lemmyvore@feddit.nl 2 weeks ago
They buy the hardware once then sell services based on it.