Do they dupe VC into enormous datacentre and capacity build-out investment? Why yes, actual money going to the AI hypester pick-axe vendors (and early equity dumpers) in that sense, absolutely yes it does.
replyIs Big AI on track to pay that back with profit from any foreseeable and defensible business model? Different question. I sincerely doubt it.
I think one of the more sober analysis that focused on danish firms exclusively predicted the overall growth impact on GDP to be a bit less than half a percent. Now, well that doesn’t sound very large, considering nominal GDP for the world is nearly $60 trillion, that is a big deal. I don’t know if that justifies trillion dollar evaluations for the providers, but even a small improvement over a large base is meaningful.
replyYou were a net loss for ~18y or even more and not many people were concerned.
replyI bet Sam, Dario and others have a good salary and an even better stock plan
replyThe good thing about open capital markets is the possibility to invest in the upside. The downside is who gets holding the bag when the money runs out