> I think it’s very unlikely this happens, and if it does, it would be ruinous for everybody involved.
The full snippet is in TFA.
then flywheel effect might kick off and impact carriers and construction companies building data centers and delivering things there.
which impacts investor trust and they might start pulling their money from AI companies, which in turn, they either need to increase prices or downsize their efforts
AI is a tool, a useful tool, an innovative tool, but technology has introduced innovative tool after innovative tool for years. Apache, Twitter’s Bootstrap, Pull to Refresh, React, Kubernetes, all innovative, all delivered real business value. Nobody invested hundreds of billions of capital into infrastructure for React.
AI has endless use cases. Theres no evidence that these use cases deliver the value necessary to justify any capital expenditure. A technology can change the world and have no standalone business case.
Business is boring. Money in, money out. We are still waiting for Anthropic and OpenAI to show how LLMs have moved the needle on business.
Every single thing that an LLM can be used to deliver value for a business today can be achieved by a cheap to run open weight model that companies could host in house. Where does that leave the trillion+ worth of dollars being buried in the ground?
His as-of-late frequent appearances on Bloomberg, CNBC, and Scott Galloway's podcast, as well as his collaborations with Ed Elson from Galloway's podcast must feel like a great vindication for him already. Quite impressive for a person who is self-taught in that area, just over the past two years.
edit: And, of course, the post is flagged. We must bury our heads in the sand again.
edgyquant•31m ago