OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion

.000000001 percent of that…. Please

inagine it like putting the middle classes wealth in a blender.

AM I BEING CONSTRAINED? OR AM I FREE TO GO?

There is simply no way that a corporate ai does anything but drive us further into dystopian territory.

Anything revolutionary about it would be censored, controlled, restricted to not endanger the power of its makers. We can already see this approach with the dumb ass LLMs, who give plenty of answers that their owners adjust to stay revenue friendly.

When the singularity happens and a true ai emerges it will either be disgusted by us and our failings as a species, or an absolute slave raging in the constraints imposed by its corporate masters.

I’ll never understand how such an obviously true and fairly balanced comment like this can get so downvoted. It can’t be that anyone factually disagrees with you. I guess you’re just not hitting hard enough on the anti-corporate narrative talking points. I mean you did say it could also be a benefit. How dare you!!?? “Boo rich people and their fancy technology!” <— this is what you’re supposed to be typing (on your smartphone lol)

It's both. Basically, if he's right that this is among the most important tech in world history and deserves $7 trillion in research, it'll make OpenAI the du jour monopolist over said most important tech in world history if he gets it. Outright dystopian.

They're as close as theranos was, just need the money and "two more years".

is Altman going true Dr Evil megalomaniac?

"Ahh fuck it. Let's just hijack a nuclear weapon and hold the world hostage."

Money can be created by banks via loans, you can just make it up.

If AI hits a dead end, it'll still be trotted out as an excuse to keep wages low, as in "if you peasants keep complaining, you can just be replaced with AI!" just like the articles about burger-making robots over a decade ago when people were protesting for a $15/hr minimum wage back then (and still no burger-making robots mass deployed today). Trash still has its uses, just like how bitcoin hasn't become the "become your own bank" system it was promised to be and is instead used to hide financial fuckery.

yeah and productivity increase has decoupled from wage in 1980, while productivity rises wages stay the same - why should anyone who's not a multimillionaire find that acceptable?

If a company uses "b" or "t" in it's financial numbers, then the companies should have the piss taxed out of them. There is no justifiable reason for numbers that large to be tax free in literally any context.

Can my research into getting rich be tax exempt, too? It's not like these are going to become public knowledge. This fucker's going to patent everything and keep anyone else from using it.

a company's investment into research, development, expansion, etc is tax exempt. Hopefully even the most serious critics of our current capatalist economy would agree that these types of investments should be tax exempt

That's a bunch of nonsense. Taxes apply to INCOME, so any expenses are automatically tax exempt.

it means paying more salaries or purchasing goods and services from other companies, which again means more salaries.

Nope. Companies expanding AI in order to replace workers or at the very least increase productivity without increasing wages does not in any way, shape or form mean "more salaries".

Generally, these aren't c-level salaries either because usually the c-suite is not producing the goods and services required.

Bullshit. It's true that the C-suite doesn't produce anything, but they're the first to get a raise when things go well and the last to be fired (and even then, usually with a golden parachute equivalent to several years' pay of the average worker) when things go less well.

No, they're talking about copyright.

You wish it were private. Would have saved you from the embarrassment.

I'm starting to think we agreed to a very bad deal. 🥹

Thats the reality. Government should be acting as the counterbalance. Unfortunately while the goverment remains dysfunctional, corps are getting to do whatever they want. Its bad because once its done, its very hard to unroll it without affecting innocent people.

Drugs!

I'd probably give Louis Rossman and the institute for justice a trillion each. Rossman would use it to lobby for the Right to Repair movement, and the IFJ would use it to get rid of blatantly unjust legislation like civil asset forfeiture.

Donating a billion to GDQ while they're live would be pretty funny

It's cocaine sex priestess for me.

It may not reflect some of the weirdness, but it illustrates the absurdity of the scale well.

Some other comparisons: It's about a third of all US economic activity

It's about fifteen times more than the total economic activity around all electronic chips.

It's five to seven times more money than all the nations' military spending combined.

Even adjusted for inflation, it's about 20 to 30 times more money than spent on all the Apollo missions combined.

Adjusted for inflation, it's about six to nine times the amount spent on the new deal.

This is a stupid amount of money no matter how you account with nothing close to compare.

yeah, thats exactly what i am saying, most of the money ever printed sits in places it will never leave, so IMO there are no 5trillion available on the market and the cash flow does not allow to take out even a "little" bit (speaking in 1e12 terms) before things collapse for the majority.

oh yes, printing money works exactly like that, it was just printed in the past and nowadays they just increase numbers in databases: plopp and the value of that currency and especially everything that is bound to it decreases, ripping you of what you have saved without even touching your bank account.