It’s such a bizarre situation. Not only are they expecting AI to perform miracles (it won’t), they are also expecting AI to fuel financial growth at unprecedented rates? Where is that money even going to come from? It’s not like companies just have lots of money laying around, waiting for something to spend it on.
The premise is AI would be able to replace people and therefor instead of paying people, companies would pay for the AI instead. But there is zero evidence that’s going to happen and if it happens the entire economy collapses. It makes perfect sense from the point of view of someone like Altman. If AI rules the world, they control the hardware and the software, so in fact they rule the world. But from a regular investor point of view, it makes no sense at all.
But I guess people see this similar to crypto, it’s bullshit and makes no sense, while in the short term it’s a good vehicle for making money. Similar to a pyramid scheme, people who got on early can make a lot of money, with the late-comers left holding the bag. Difference is, the scale has become such that it won’t really work for long. We are destroying the economy regardless of the outcome.






Of course it’s his favorite thing. He’s been using the project as a way to get “donations” from companies and people he did favors for. The same with his inauguration ceremony, which was pretty shit but also garnered hundreds of millions in donations. All of that money is going straight in Trumps pocket.