71
Food $200
Data $150
Rent $800
Glorified markov chains $5000000000
Utility $150
someone who is good at the economy please help me budget this. my investors are dying
this post was submitted on 25 Sep 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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RIP rationalist moonshot. Takes a special kind of SV-libertarian brainrot to think the world will be saved by a company. Do we have EY's reaction yet?
It's March 2025. Everyone has resigned from OpenAI except Altman, a single H1B programmer, 50 lawyers, and the guy who refills the keurig. The company is worth $4 trillion.
I guess in this scenario, Balaji's fetishized hyperinflation finally happens sometime in the next 6 months.
They’re gonna start announcing real concrete nefarious-ass use cases real soon
I wouldn't be shocked at a working agreement with Palmer Luckey's Anduril to offer AI-assisted god-knows-what to Anduril's military/surveillance hardware.
EDIT: my brain took a dookie and I mixed up Luckey's first and last names.
To be fair, Luckey Palmer is an objectively funnier name.
World's least efficient baby mulcher
A Bill Hicks routine manifest:
"What did ya do with your AI today, Sam?"
"Oh, we made ah, we made ah, arsenic ah, childhood food now, goodnight."
[lays down and snores]
"Yeah, we just said you know is your baby really too loud? You know?"
[snores]
"Yeah, it'll... you know the mums will love it."
[snores]
He'll be out of there with the bag in less than a year.
Oh no! But what happened to We’re not doing it for the money but the good of humanity, and If anybody approaches AGI before us we will shut down and use all our resources to help them instead?
It’s almost as if all of that has been nothing but a load of bullshit from the beginning.
Should rename themselves ClosedAI
@dgerard So um now we can get on into the sunk cost fallacy phase of "AI"-pre-winter? I mean how much how much VC money have they already burnt to heat up sand at data centers? Does MICROS~1 granting them Azure use count?
Apparently MS gives OpenAI Azure credits, but those are near cost price - so if OpenAI uses them, MS has to spend real money on GPUs and electricity.
MS also has rights to OpenAI's software. So OpenAI is functionally a Microsoft subsidiary that pretends to be a separate company to insulate MS from blame for the shit OpenAI pulls.
When the music stops can't MS just let OpenAI go bankrupt and keep the tech?
@dgerard Right, that actually is investor money being set on fire to activate sand; and I guess MS own half of the previously existing for-profit OpenAI; mostly this makes me wonder how much more money they can set fire to and how fast
I'm actually shocked at how desperate capitalists are to finding their next hype bubble. Like the fact it is good for statistics is the only whiff of something real they needed to go all in.
Can no one afford steady incremental returns anymore?
EDIT word
@grrgyle @techtakes I suspect steady/incremental returns mean dwindling asset value in the current business environment, typified by rapid churn and major tech transitions every decade (to say nothing of climate change and an unstable global political situation). If 10% of your investment portfolio becomes non-viable every decade (eg. no good owning coal fields any more) you have to grow fast or die. At least, that's how the investment funds see it.