The people loudly departing the biggest AI companies aren't necessarily looking for fatter paychecks or more stock options; they’re worried that AI businesses are putting profits over sanity and safety.
I wrote it intentionally vague because the reality is that we don’t know exactly how they are doing it, but we don’t need to to be able to see that there is a positive feedback loop between ai companies, cloud service providers and compute hardware manufacturers. Likely what they are doing is simply lying about their books and since the regulators have been bought already, or are simply incompotent, there is no one to say otherwise.
Where’s this infinite well of investment money coming from? “Economic magic” is pretty vague.
I wrote it intentionally vague because the reality is that we don’t know exactly how they are doing it, but we don’t need to to be able to see that there is a positive feedback loop between ai companies, cloud service providers and compute hardware manufacturers. Likely what they are doing is simply lying about their books and since the regulators have been bought already, or are simply incompotent, there is no one to say otherwise.
Have you not heard of inflation? It is literally the creation of new monies that the government gives to banks to give loans.