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.
And it’s not even working. Not one of the AI companies is profitable. So they’re putting the hope for profits some time in the future over sanity and safety.
“Fuck me Sam, I don’t have anymore ideas on how to turn a profit. We’ve tried everything. How about we just give the AI its own infrastructure and bank account with the instructions ‘make money’ and see what it does? I know that safety guy advised against it before, but he no long works here. I mean if it becomes a singularity event, at least it’s our singularity event to control”
Steve Burke (of GN) described the absurdity pretty well, within the context of the currently uncertain Nvidia and OpenAI deal:
Nvidia offered OpenAI $100B in investment, money that it didn’t have, as long as OpenAI gave that money back to Nvidia to lease GPUs that haven’t been made, to then put in data centres that haven’t been constructed, which will be powered by electricity that hasn’t come online, to then rent to users who haven’t subscribed, to provide them features that haven’t come to fruition.
Midjourney are the worse of the worse when it comes specifically training on stolen work from artists who dedicated their lives to it. They opened the floodgates to what we see now with mass theft of content by not getting sued into oblivion. Fuck them and their creepy little fuck face of a CEO.
They’re also not providing a large language model, so they actually did have a path to profitability. It’s keeping LLMs updated and running that costs so much money that companies trying to do so are losing billions, and Midjourney doesn’t have that problem.
It’s just that their path to profitability was built on plagiarism on an astonishing scale. You’re spot on, they should have been utterly destroyed right at the start.
Couldn’t agree more. They did really help greenlight “stealing everything is fair game” mentality. They came out before chatGPT gpt3 at the time LLMs were not hoovering everything including copyrighted content.
So what’s the problem? This looks self-correcting to me, if none of the AI companies are profitable then they’re going to go away. Short their stock and make a fortune.
It’s only self correcting if the powers that be are losing money, which they aren’t because they are either liquidating important assets to pad their pockets or just using economic magic to make trillions appear out of no where. They’ll only feel it when their company or the economy collapses, and at that point they make off with their ill gotten gains
And it’s not even working. Not one of the AI companies is profitable. So they’re putting the hope for profits some time in the future over sanity and safety.
“Fuck me Sam, I don’t have anymore ideas on how to turn a profit. We’ve tried everything. How about we just give the AI its own infrastructure and bank account with the instructions ‘make money’ and see what it does? I know that safety guy advised against it before, but he no long works here. I mean if it becomes a singularity event, at least it’s our singularity event to control”
Didn’t they do this with an AI vending machine already and it started selling tungsten cubes at a massive loss?
Steve Burke (of GN) described the absurdity pretty well, within the context of the currently uncertain Nvidia and OpenAI deal:
And hope you’ve propped up the economy enough by the end of it that the government has to
bail you out…sorry i meant provide a “backstop”.Midjourney is profitable
Source?
Midjourney are the worse of the worse when it comes specifically training on stolen work from artists who dedicated their lives to it. They opened the floodgates to what we see now with mass theft of content by not getting sued into oblivion. Fuck them and their creepy little fuck face of a CEO.
They’re also not providing a large language model, so they actually did have a path to profitability. It’s keeping LLMs updated and running that costs so much money that companies trying to do so are losing billions, and Midjourney doesn’t have that problem.
It’s just that their path to profitability was built on plagiarism on an astonishing scale. You’re spot on, they should have been utterly destroyed right at the start.
Couldn’t agree more. They did really help greenlight “stealing everything is fair game” mentality. They came out before chatGPT gpt3 at the time LLMs were not hoovering everything including copyrighted content.
So what’s the problem? This looks self-correcting to me, if none of the AI companies are profitable then they’re going to go away. Short their stock and make a fortune.
Shorting isn’t just a bet that a stock will fail but also when
Then invest in competitors, they’ve got a more flexible timeframe.
Imagine your entire life is viewed through the lens of actions you can take in the stock market. What a sad life.
what competitors? competitors to AI as a technology?
The companies that continue with human staff where others are replacing theirs, for example. Outsourcers providing those staff.
I’m not sure what bubble you live in, but not everybody can be a Bay Area nepo baby like you, and not being one doesn’t make them less correct.
If you’re not investing anything in anything then this really isn’t your problem.
When the economy collapses because the slush fund bot stops printing money then it is going to be everyone’s problem.
Fuck it’s his problem right now with all the layoffs. That is only going to get worse
It’s only self correcting if the powers that be are losing money, which they aren’t because they are either liquidating important assets to pad their pockets or just using economic magic to make trillions appear out of no where. They’ll only feel it when their company or the economy collapses, and at that point they make off with their ill gotten gains
Where’s this infinite well of investment money coming from? “Economic magic” is pretty vague.
Have you not heard of inflation? It is literally the creation of new monies that the government gives to banks to give loans.
that’s… not at all what inflation means… it is 1 of many causes of inflation
and the government doesn’t “give” it to banks
the reality is far more complex in both cases, even if sometimes the simplified version of things looks like that