Comment on OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates
kokesh@lemmy.world 3 months ago
How. How does this work? They lose astronomical amounts of money. Without a prospect to ever make enough to be in plus, not even talking about paying off all the investments. How does this system work? I never understand. Same with US economy.
Because companies don’t do R&D anymore, they fund startups and aquire them when they’re ripe
Being able to replace workers with AI is a holy Grail for capitalism, and so a ton of companies have poured their saved up “R&D funds” in order to get in early
He who controls the spice, controls the universe.
AI companies will try to worm their way inside governments around the world, to “enhance” it. Then they’ll become “essential” cost of running said governments, being “impossible” to remove without serious disruption.
sooner than later, “agentic AI” will replace the “employee cost burden”. I presume they’ll charge per AI agent and produce revenue at scale.
everything you see in politics nowadays is a race against the clock to create infrastructure to “deal with” the unwashed, unemployed, hungry masses. UBI is not going to win out over soylent green.
Here’s the first admission I’ve found of what’s on the way: fortune.com/…/gen-z-college-grad-unemployment-cou…
UBI is not going to win out over soylent green.
Establishment prefers solylent green solution to unneeded slavery for sure. UBI is an obvious winning political platform, even though it does not provide the proponents with maximum political power, the way that bandaids on oligarchist supremacism still allows for supremacism and soylent green to rise as the solution.
Simply, the answer, is to reject establishment politics, including Bernie as controlled opposition proposing nonsense that gets shot down for its stupidity, instead of UBI.
Also, an MIT study released today, said 135m US jobs could be replaced with AI agents.
This all presumes that OpenAI can get there and further is exclusively in a position to get there.
Most experts I’ve seen don’t see a logical connection between LLM and AGI. OpenAI has all their eggs in that basket.
To the extent LLM are useful, OpenAI arguably isn’t even the best at it. Anthropic tends to make it more useful than OpenAI and now Google’s is outperforming it on relatively pointless benchmarks that were the bragging point of OpenAI. They aren’t the best, most useful, or cheapest. The were first, but that first mover advantage hardly matters when you get passed.
Maybe if they were demonstrating advanced robotics control, but other companies are mostly showing that whole OpenAI remains “just a chatbot”, with more useful usage of their services going through third parties that tend to be LLM agnostic, and increasingly I see people select non OpenAI models as their preference.
But, but… surely, the most important AI application of all time, my OpenAI girlfriend, who truly loves me beyond all monetization opportunities, will never be replaced by a hotter newer model.
Simple, you invest in the company, wait for the stock price to grow and sell before it collapses. Everyone knows it will collapse eventually but for now there’s still money to be made.
I think you just explained it to me so I finally understood. Thanks!
What if it’s not a publicly traded company like OpenAI?
You always have to think like a scammer. Sure, OpenAI isn’t public yet. But there are many other industries that are piggybacking on OpenAI and related services. So you can invest in them instead.
Same deal but you sell to other investors.
fodor@lemmy.zip 3 months ago
Well, the stock market on the whole is about gambling. Legalized gambling that fucks over small-time investors. So … why should long-term viability matter? The gamblers want their cash, that’s what they’re there for, and they don’t care about bankruptcy or mass economic collapse.
kokesh@lemmy.world 3 months ago
Yes, but the scale of this… We’re talking billions being poured into things that are not sustainable in any possible way and every investment into it will end up down the drain.