Saved by sari and
Is AI the new crypto?
On the surface, this article is about neural networks and the beginnings of AI, but I actually think it's invaluable insight into capitalism, scarcity, the psychology of valuations and maybe a little rich people foolishness.
Wired • The Secret Auction that Set Off the Race for AI Supremacy
Today’s economic constraints may be enforcing a degree of sobriety, but even before the pandemic, the easy money was clearly concealing a stagnation. This is the thesis of the Umami essay: that material progress had plateaued, leaving us to manipulate symbols and create the mere illusion of value (this is also what David Graeber argues in his “we w
... See moreDrew Austin • The Culture of Cope
Whether Microsoft and Google (and the other big generative AI backers) slowly wind down their positions, or cannibalize their companies to keep OpenAI and Anthropic (as well as their own generative AI efforts) alive, I’m convinced that the end result will be the same. I fear tens of thousands of people will lose their jobs, and much of the tech ind... See more
Edward Zitron • The Subprime AI Crisis
If A.I. is as powerful a tool as its proponents claim, they should be able to find other uses for it besides intensifying the ruthlessness of capital.