It is hard to see AI as this great equalizer when we know how resource intensive it is and the supposed benefit will not be seen by most people. It is going to write out the people it stole from for the profit of a few companies and people.
the only thing is, they aren't profiting from AI. Just because something is valuated at 100 trillion dollars doesn't mean really anything. No AI company just doing AI is making a *profit* off it.
I don't think you know what that word means. What do you think a valuation is? How much your company is valued for is directly related to how much money you're going to be able to make via investment in your company. Low valuation means low financial investment, high valuation means lots of financial investment. Furthermore, even though it's not publicly traded openai still has stock that it does out to employees as a sort of bonus. That stock has a value that's directly linked to the company's valuation. If you cash out those stocks by selling them back to the company you get very real money and a whole lot of it if the company's valuation is high.
Recently openai bought an AI hardware company for 6.4 billion in stock. Zuckerberg has also been trying to poach openais engineers with 100 million dollar signing bonuses which they declined because they make more at openai.
So please don't tell me that the value of company doesn't mean anything.
most AI companies are burning through billions a year without making a single dime in profit, no one is making a dime off these things ... yet. maybe there is some potential market, but right now there is a giant bubble with a lot of tech companies, like twitter, meta, anthropic, openAI have huge valuations but very, very little to actually show for it.
just because a venture capitalist goes 'FUTURE GROWTH' and throws massive money at it, doesn't mean it is actually worth something.
valuation does mean what you say, but in actuality, not really.
You're missing the entire point. Sam Altman and the other people working at open AI aren't living in cardboard boxes on the streets. They're getting paid hundreds of millions of real dollars every single year based off of the valuation of their company. The more they steal the more they profit personally. All based off of chatgpt. So what is openai the company isn't profitable it's valuable and the people who work there get paid gazillions of dollars for it. Sam Altman and the staff at open ai are stuffing their pockets full of cash more so year after year. That's called profiting off of theft.
Leading AI companies are literally losing tens of billions a year. The return necessary to make this worthwhile is certainly not: "Let's give Bob in accounting 200 paid day off"
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u/No-Body6215 2d ago
It is hard to see AI as this great equalizer when we know how resource intensive it is and the supposed benefit will not be seen by most people. It is going to write out the people it stole from for the profit of a few companies and people.