He’s going to ask US Congress for a bailout with taxpayers money when this all fails and Congress is going to most likely give it to him because this one company is a huge part of the US economy
I don’t think so, and I’m on the Ed Zitron train of thought why not.
The financial instruments got a bailout in 08, because the economy itself would stop functioning. That’s different than the stocks would drop. Also, there’s like nothing to bail out? OpenAI and their ilk are just sucking down capital and returning nothing. Even if they get one bailout, they need a continuous stream of unlimited money forever? I don’t think it’ll happen.
… why should the investors get their money back? They invested ludicrous amounts of money into a technology with obvious limitations from the start with the intention of using that technology to replace many people’s jobs. Losing that money will be a better lesson than some probably unenforceable “pact”.
They have to sign a pact that they must not invest into AI anymore for a given amount of years (20+ minimum).
Problem is this might hurt actual AI research to punish a scam that has absolutely nothing to do with AI other than having coopted the name for marketing purposes.
(Any investment in actual AI research is doomed for decades anyway when this bubble pops, but this would cause even more harm than the bubble has already caused.)
(Also any form of research is probably ruined for decades anyway due to LLM-induced brain rot and having to sift through all the slop to try to recover any remaining fragments of actually useable knowledge, but, again, let’s not make it even worse than it already is).
He’s going to ask US Congress for a bailout with taxpayers money when this all fails and Congress is going to most likely give it to him because this one company is a huge part of the US economy
I don’t think so, and I’m on the Ed Zitron train of thought why not.
The financial instruments got a bailout in 08, because the economy itself would stop functioning. That’s different than the stocks would drop. Also, there’s like nothing to bail out? OpenAI and their ilk are just sucking down capital and returning nothing. Even if they get one bailout, they need a continuous stream of unlimited money forever? I don’t think it’ll happen.
I hope I’m right, cuz damn that shit is cancerous
I think a potential OpenAI “bailout” should go something like this:
… why should the investors get their money back? They invested ludicrous amounts of money into a technology with obvious limitations from the start with the intention of using that technology to replace many people’s jobs. Losing that money will be a better lesson than some probably unenforceable “pact”.
Problem is this might hurt actual AI research to punish a scam that has absolutely nothing to do with AI other than having coopted the name for marketing purposes.
(Any investment in actual AI research is doomed for decades anyway when this bubble pops, but this would cause even more harm than the bubble has already caused.)
(Also any form of research is probably ruined for decades anyway due to LLM-induced brain rot and having to sift through all the slop to try to recover any remaining fragments of actually useable knowledge, but, again, let’s not make it even worse than it already is).