AI Is Getting Way Too Expensive
3 hours ago
- The discussion about AI's impact on jobs is a distraction from the real economic issues.
- Anthropic and OpenAI use economic reports as marketing to propagate false beliefs about AI-driven productivity shifts.
- Actual AI industry revenues are tiny compared to the massive investments and commitments made.
- The AI bubble requires ever-increasing amounts of money to sustain, making profitability harder.
- Longer inflation of the bubble leads to higher infrastructure costs, with only two potential customers who cannot pay.
- The focus on theoretical job losses avoids the messy reality of venture capital's exposure and lack of liquidity.