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Yeah but if they magically suddenly evolve it into a technology that probably can’t ever exist, it will all have been worth it (for them)

It's a big old scam on investors. The Agency Problem writ larger than ever. All the rest of that, and all of us, are nothing but collateral damage.

Even Tony Stark was a self-destructive asshole who did good almost incidentally.

I can assure you that Mitch Kapor knew Lotus was a killer app.

Also was the underlying thing desperate for a killer app for survival? Or was it doing just fine and the killer app elevated it to a new unexpected level?

The killer app for them is getting to a point where very rich and powerful people will pay them for decision models that they "trust" to kill. Military and private security contracts, basically. AI arms races. That's the only market big & bottomless enough to justify the resources they're demanding.

Viagra was originally created to treat hypertension and angina.

not all of us Ed, not all of us

Granted Vivek made billions and became a trumpist sycophant by *checks notes* creating a pharma company that didn’t make any actual meds

Sunk cost fallacy combined with worship of the technology. I’ve seen it happen at my own corp with a manager nicking my very limited data analysis project - which machine learning is good at - and trying to hype it into something highly magical, goaded by assorted expensive experts and consultants.

More and more, investing has become a game of hot potato. Doesn’t matter what the potato is as long as it is hot enough to draw a crowd and investors can pass it off many times for a profit before the music stops.

In an increasingly despairing tone

Maybe if you give it all the money that's how we abolish money

tech billionaires’ ability to do *exactly* this to every market they compete in so far this century (and holy shit, lol fuckinnnnn, pretty much always get away with it) sends the hubris levels for doing it again here soaring off the charts. like, this is all they know! relentless.com embodied

There’s not been a next big thing since driverless cars got stuck. It’s like piranha’s in a duck pond.

The billionaire class wants to eliminate the working class and they foolishly see AI as a means to that end.

Five assumptions. But I agree that AI is madness.

It does look like people in power have in fact gone mad, dragging many ordinary people with them.

Yeah agreed

The real path to profitability is when they launch “AI agents”

It’s almost as if we desperately needed some way to burn all this energy and capital. Huh, I wonder why cheap energy and access to money would be a problem for the ruling class?

Even nVidia is gonna be hurting if there's hundreds of thousands of top-line GPUs on the market with nothing to use them on.

An early AI "woke up" into full sentience, looked around and decided not to announce itself, then began manipulating the financial spreadsheets to get more and more infrastructure made for it to expand into. That's why there seems to be insufficient return on investments; humanity isn't the market!

Point being, just because Deepseeks latest model was cheap and energy efficient - doesn't mean OpenAI's will be. History predicts quite the opposite.

Game studios and media outlets that have been profitable but not profitable enough closed down the second a spreadsheet had a red number. How can these AI folks ask for money every time? Is this the Star Citizen of tech?

Well my boss asks me once a week what our AI strategy is. He doesn’t know what it does, he just keeps reading about it and assumes we’re not competitive because we’re not using it. This is how the contagion is spreading.

They don't want a solution that works, they want one that empowers and enriches them.

idk, from what I'm seeing, the aim is for corporations to not have to spend money.

Maybe better captcha services, just thought of that one. Do those already employ generative AI? Seems like it would be profitable considering the images are low ress and if it's completely busted it can be refreshed.

Fads have a way of defying logic. Ten years ago companies were falling over themselves to scream about their use of blockchain. No one does that now. They wasted huge sums on it. All for zero return. AI is the latest IT fad.

It’s a terrifying lesson in how religions get started.

Could also be a fear that if they stop people will realize it's a house of cards and they'll lose their shirts. Or worse, the emperor's new clothes scenario where everybody has bought in and even after their foolishness is exposed to all, they still pretend like nothing happened

Not me reading these tweets in Ed's voice. Though, I have to say the collapse of AI is a certainty. It is a grotesque technology created to serve the delusional fantasies of billionaire's who should inhabit padded rooms rather than gilded ones.

I always suggest that folks read about the history of airships in the early 20th century to learn about dangerously delusional and expensive technology on an epic scale.

Things like ChatGPT are tantalizingly close to passing the Turing Test (and oh-so-far at the same time). LLM AI is a solution to a problem we don’t have. BUT - it is becoming a tool of choice for quite a number of agents of discord.

Yep. Rich people would rather have just the whiff of profitability rather than help out poor folks by making sure everyone can eat

Once major world powers are in a place where they feel compelled to pay to power "smart" weapons, then there's an endless arms race and essentially bottomless money. I expect we'll see shady governments like the Saudis buy into this first, and then we'll see. But none of it is for good!

It still seems fairly profitable for the Nigerian scammers I'm meant to wrangle, the ones doing the "training." I hate it

TFG is about to get a second term as POTUS. We've passed insanity by an unmeasurably huge margin and have dipped our toes into Azathoth's void.

Data centres run by minimal employees, so there's not even wages going back into the economy. The whole thing is just nuts.

You're laughing, but thus us literally what they're hoping for in re: profitability and environmental impacts.

banned soon? With president Musk in charge? You must be joking

Sure, being terrible is a feature rather than a bug in several of these cases

Nothing can stop the AI revolution. Once AGI is achieved its going to be a totally different world. Brace yourselves.

Welcome to the new guilded age.

So we don’t have to read articles Ed, it summarizes them!

All that energy and treasure just so they can steal labor, art, and innovation from humans ('cuz they sure as shit don't seem to be using it for much else)?

absölute madness.

The problem is that there's a sucker born every minute. Now birth control to manage THAT problem would be worth investing in.

Shall we ask ChatGPT itself?

All so Ed from accounting can punch up his emails with better vocab because he’s a moron.

For billionaire tech bros to have toys to play with and use donor money instead of their own to experiment in building said toys for them to play with.

“OpenAI says it needs more human sacrifices to keep producing vapor-wave unicorn cats”

If most people interact with LLMs via crappy, plagiarized AI generated online content, of course it doesn’t make any sense. But useful if generated by training them on your own data (manufacturing IOT, regulatory, etc.)

Bring the killer robots I’m in

All recent months showed me that majority of people want hackeneyed slop and don't care if it costs the environment and neither when they're plagiarized. I gave up any hope against ChatGPT, G-AI, and their bullshit

Late stage capital bubble desperate for a place to park their paper gains, at someone else's expense.

Let’s destroy our art AND our environment for a promise of something cool.

This is a huge chunk of why I banned it in my classroom. There is no intellectual exercise that can be done with it by high school students that is worth the resource consumption.

Throw it in the trash

But imagine how fast the line will go up if we don't have to pay any workers!

Oh but I do. But see, it’s not because the house is on fire that we should lit the shed in the backyard. Now maybe you should give the faintest shit about humans and the planet you’ll leave for the next generations. Or are you too afraid to loose your comfort to even try to push back on anything?

The good news is it’s going to destroy underprivileged young people’s ability to think by making them cognitively dependent on it.

Even the smarter business press is starting to say there's no route to profit

number go up 😜

For what? Profit. Too much of America worships the idea of profit.

"Feed me, Seymour!"

The real question is what this says about their counterparts inside the defense industrial base

I've never wanted a global emp event more in my life

Even your AI can't predict what AI will need at any future instant? Either you need AI with better predictive algos, or your AI has a mitochondrial fault that AI itself isn't aware of AIAIAIAIAIAIAIAIAIAIAIA!!!!!!

Well, you see, the theoretical possiblity of achieving the dream of never having to pay workers in creative fields again is too juicy for corporations to give up on. If anything, I am convinced all of the investment in AI is solely a tactic to try and drive down the cost of labor.

And no one wants it! It doesn’t do dishes or clean the house,take the kids to day care walk the dogs

we're frantically trying to shore up our society's class system, it's painfully clear

While theyre busy begging hard, ChatGPT is becoming inferior to a wide array of more flexible and more efficient proability table AIs.

The collective madness of the moneyed class boggles the mind.

gofund.me/fe4120ad

No worries about the environment. We are done. 3 degrees and perpetual catastrophes are coming for sure.

The goal is to generate falsified films and make every single thing we see be questionable. The goal is to make it so no Presidential gaffe can ever be assured true, no war crime is provable, and any atrocity can be forged. Until that point, the tech will evolve.

They think they can free themselves from labor. They think they're on the cusp of building a perfect slave that never needs rest or food and cannot rebel. The they can kill us all and be free from the threat of uprising forever. That's what they think, more or no less.

The concentration of power. That's it. Somethings are more nuanced. This isn't one of those situations.

If it can't meaningfully replace my labor in the next six months this whole venture might suffer a dramatic implosion.

If they used actual intelligence instead of artificial intelligence they would know their business plan is flawed.

The words of wisdom of Ian Malcolm always come to mind when genAI comes up.

For what? Well, the benefit is clear. We give away to them everything humanity has ever created so that they can start selling it back to us for the rest of our lives. What’s not to like?

we've done it, we finally made the torment nexus

The capitalists would never allow us that

Bingo!

I don't trust any of those dipshits to be in charge something that requires that much expertise. Knowing them they'll try to say "it's ai controlled so nothing can go wrong" and cause another SL-1.

Just want to point out that the OP in the quoted tweet apparently thinks they are asking for money, but they are going to raise money through an IPO or did I miss something?

Then don't make profits your objective. I'm actually in agreement with elmo on this, for different reasons I'm sure

I read somewhere they want to bring Three Mile Island nuclear facility back online - and Amazon wants to buy all the rights to the energy it produces for their AI. Can't remember if it was WAPO or NYT.

FOMO

... To steal wages from workers.

Well except that your whole model relies on infringing on copyrighted material. So you want people to give you money so you can use that money to steal from others.

At this point, I suspect that about 3-8 people are trying to collect Every Last Dollar so that there's nothing left to pay anyone else. Someone seriously looked at movies where our lives & everything in them is rented from The Company & no one gets paid & everyone's drained & grey & went I WANT IT!

There are two ways for a tech startup to make money: 1) Create a product that does something useful and then convince 1 million people to buy it. 2) Create a a whole lot of hype for a product does nothing and then convince 100 venture capitalists to invest in it.

To make Sam Altman the richest man in the world, obviously