I'm very pro Ai- thr tech itself not what everyone is doing with it.
But. It does not make money. It won't make money. It is possibly thr most anti capitalist technology ever invented.
Bro please just 6 trilly bro we're almost there I swear just 6 trillies per year and we good bro please
This is pretty easily doable. If everyone who uses ChatGPT paid $6700 per month as a subscription fee then OpenAI could cover this cost alone. /s
that's more than the gdp of all but just two nations (usa, prc) on the entire planet.
Yep. Supposedly would be worth more than the entire global oil & gas industry.
Yahuh.. Chatbots.
Nothing a little more inflation can't fix!
We really need to solve this problem by Sanctions against the US.
Guys, it's not a bubble. Super not a bubble. Totally, for sure not a bubble. Not even a little bit a bubble.
(/s)
So, either the bubble bursts and 99% of the sector's value evaporates in a spectacular flash... or, one of these stochastic parrots turns into a magical genie that gives Sam Altman three wishes.
He likes those odds!
Which would suit me fine if it was just that sector's value that evaporated. I'd be happy to never hear of OpenAI, Anthropic or even NVidia ever again. But it won't just wipe them our, it'll hit the vast array of banks, investment funds (including people's superannuation and 401ks) funding them, and kill the world economy.
It should still definitely happen though, and sooner rather than later, the longer it's delayed the bigger the bubble gets and the longer the recovery is likely to be.
Fuck the banks first of all I hope they die. But the feds will bail them out, either party, both parties will bail them out, borrowing other peoples' money is their reason for being.
Pretty sure his first wish will be to release the hypno drones to create slave humanity.
Neither outlook is good.
The end goal is to replace labor
Might be... But then who's going to pay those $6T to Anthropic and/or OpenAI when there is no longer an economy?
History has been consistent in showing that capitalism gives zero cares about long term consequences for short term profit.
They can't see past their next set of financial statements and their stock prices. They are unable to act in long term interest, just as capital has outsourced our industry and destroyed the base of consumers that were buying their products in the first place.
Who knows what they think though, they are all very impressed with themselves and their ability you can be sure, they could well have very warped views on how it would play out if they got their way.
I think it is non-manual labour that they want to replace. In their world, people will still have to earn money, but not with their brain or expertise but with their hands and/or bodies.
Well, Robotics is (allegedly) making big progress too. Have you seen those robot dogs replacing security guards, self-driving cars replacing human drivers, or the level of automation reported in Chinese car factories? Even warfare has changed, largely automating the once manual job of murdering your neighbors.
But that aside, even if manual labor still exists in this future automation dystopia, if it's all that's left, the economy will still shrink considerably.
Once labor is replaced it can be liquidated. 8 million humans will own all the earth and it's resources no need to share with the other 8 billion anymore.
It is not going to though. And even if it was capable of that, it still wouldn't provide them with anything near 6 trillions.
But don't worry, its providing great new jobs for humans!
AI agents rent a human, complete captchas for £0.02 per pack of 5.
Bain & Co reading over Zitron’s shoulder
curious if China is having similar problems with keeping the bubble inflated.
so they are attempting(successfully so) to weaponize the bubble against western economies and essentially not be caught holding "the flower" when the music stops.
neat.
China has a way smaller bubble though, the US dwarfs everyone else in data center build outs.
The reality is that everyone with a phone or internet pretty much is in contact with AI all the time.
Logistics, e-commerce, financials, healthcare, algorithms, Apple Gemini Meta, keyboard autocomplete
Sure the ChatGPT chatbot won't pay for it.
What's the 6,7 trillion about? North American market?
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.