It’s important to look at the math from both sides. Sam Altman has already expressed his optimism of how much chatgpt will generate in profit in the future. Currently openAI is a money pit and a good example of a sunk cost falacy. Assuming Sam is correct though; analysts show that the amount of debt currently held, even at those profit levels OpenAi will never be able to repay those debts. Ever. Most of us would call that bankrupt.
HAMARMOR on
“Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.
This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter with a half-million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. . . . This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron.” -Dwight D Eisenhower
Applies both to military overspending and AI. The opportunity cost of using our capabilities to build more AI is something that we will look on as a very poor decision I fear.
nazga on
I wonder how long it will take before the rupture point happens. Even if one was able to manage all the technical and technological parameters, which seems difficult enough, the US don’t have the required energy output to back it any time soon. You can throw as much money and as much hardware as you want, there is nowhere to plug it anyway.
VoodooS0ldier on
It is going to be GLORIOUS watching all these VC firms get left holding the bag when all these AI “startups” implode. God it is gonna be awesome. I can’t wait.
4 Comments
It’s important to look at the math from both sides. Sam Altman has already expressed his optimism of how much chatgpt will generate in profit in the future. Currently openAI is a money pit and a good example of a sunk cost falacy. Assuming Sam is correct though; analysts show that the amount of debt currently held, even at those profit levels OpenAi will never be able to repay those debts. Ever. Most of us would call that bankrupt.
“Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.
This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter with a half-million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. . . . This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron.” -Dwight D Eisenhower
Applies both to military overspending and AI. The opportunity cost of using our capabilities to build more AI is something that we will look on as a very poor decision I fear.
I wonder how long it will take before the rupture point happens. Even if one was able to manage all the technical and technological parameters, which seems difficult enough, the US don’t have the required energy output to back it any time soon. You can throw as much money and as much hardware as you want, there is nowhere to plug it anyway.
It is going to be GLORIOUS watching all these VC firms get left holding the bag when all these AI “startups” implode. God it is gonna be awesome. I can’t wait.