Same happened with FTX and co. during 2020 crypto boom. A lot of rogue stuff sloshing around, but investors were hyperventilating.
replyPeople keep saying this, but I haven't seen any actual instances of investors saying that rogue agents mean AI labs are valuable. Do you have any examples?
replyThere is no such thing as bad publicity.
(Technically not true, but definitely applicable in this concrete case, as planned P/E ratios are crazy)
replyInvestors are motivated by returns, not responsible decision-making or societal benefit. Our culture is rooted in rewarding greed and granting the greediest individuals power over the rest of us. Isn't this the inevitable end-state of unfettered capitalism?
reply> Isn't this the inevitable end-state of unfettered capitalism?
replyAren't capitalism built on exactly the opposite principles? It is not greed that rewarded, but the creation of societal goods, and power granted not to the greediest, but to the most useful individuals.