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  • Hacker News
  • Wishful thinking has it that we rally our representatives to let OpenAI and consorts rot. The last thing people should do is bail these delusional people out. Let them have it worse then WeWorks and let’s see if their self crowned AGI can help them out of their misery
    by usernametaken29
  • Surely this time we'll learn our lesson and disempower the parasites that create these situations, right? Right guys?
    by thot_experiment
  • no matter what, success or not the bubble is going to bust, it has inflated so much, the risk of it deflating slowly is a pipe dream. if AI doesn't turn into AGI, global financial crash. if AI turns into AGI and tons of people are out of work, global financial crash too.
    by segmondy
  • My guillotine & rope startup is going to make a killing (no pun intended).
    by infamouscow
  • I'm not usually for arguments of "this money could have been better spent elsewhere", but here's a thought experiment. Lets say instead of injecting $2 trillion and counting into a few AI companies, we instead injected $2 trillion dollars into things like infrastructure (real infrastructure, not GPU warehouses), education, helping out communities ravaged by globalization (I doubt most people on Hacker News venture outside of coastal areas, but if you want to make a REAL difference as an entrepreneur why not look at parts of the country that are struggling and figure out how you could make a difference there? You know, instead of trying to just ruin the economy for the sake of the already-obscenely-wealthy). I'm not saying all those ventures would succeed, but I think that amount of money put towards boring-but-real problems would make a much bigger positive impact for everyone.
    by overgard
  • Is there any comprehensive list of historical warnings from central bankers?
    by AmazingEveryDay
  • https://archive.is/xMD3t
    by DennisP
  • Well assuming it's successful, there will be a large number of companies who's value will be reassessed as the token cost to replicate and run the business.

    Multi-million dollar companies will be reduced into multi thousand dollar companies.

    The CEOs will be replaced with teenagers in garages with their parent's credit cards.

    If it stalls, then China will undercut the whole AI market with cheap electricity and crash the US stock market.

    So what exactly is the win scenario here?

    by ReflectedImage

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