"Welcome to the Great AI Bubble, a metastasized trillion dollar tech tumour so massive it’s practically visible from space.
If you haven’t heard of this yet, it’s not because you're not paying attention."
~ Carole Cadwalladr
"Welcome to the Great AI Bubble, a metastasized trillion dollar tech tumour so massive it’s practically visible from space.
If you haven’t heard of this yet, it’s not because you're not paying attention."
~ Carole Cadwalladr
@wdlindsy Carole described Altman's interview as a "meltdown", but I don't think that really describes it well. It was a disturbing mask-off moment for another reason entirely.
If I as an investor go to the company I'm investing in and say "hey, I don't understand how you're going to make the revenues you're claiming", I would expect a polished spiel about, say, new versions of the product coming out, new markets being broken into, overheads being driven down, etc etc
But what Altman delivered instead was "if you don't help me drive number up, there are plenty of other investors who will drive number up". That was his entire argument. It was an admission that this is where all the money is coming from and that pure faith in the continued willingness of future investors to invest is what's keeping it afloat. He's throwing the gauntlet to the interviewer "I have faith, don't you?"
It's a game of chicken, riding the edge of the bubble until it bursts.
Someone pop the damn thing already, I'm sick of it.