like Lehman but for this shit
Bloody interesting read. So if I understand correctly, Microsoft doesn't stand to lose by OpenAI's collapse. Is there any chance the company would actually benefit from its collapse?
My tinfoil hat theories are as follows: - Microsoft funded the shit out of OpenAI explicitly because it poisons Google Search. There are now enough AI shitfactories out there now that they no longer need to feed Sam - Softbank is hyping the shit out of OpenAI because hyping is all they know how to do - Sam Altman knows it isn't about making anything, it's about convincing investors that they can sell your garbage to someone else - NVidia will happily make hay while the sun shines and ride the rocket ship the way Oracle did - Apple is lagging like a mfer on AI for the same reason they lagged like a mfer on VR: it's fucking pointless and they know it Microsoft has fucking $71b cash-on-hand. They could absolutely let all this collapse because they're fucking done with it. They could also let all this collapse and pick up the pieces for nothing. NVidia will survive; its ridiculous P/E ratio will not. Softbank will survive; they can renege on whatever they want and be fine. OpenAI has to thread the needle just to survive; they also need to survive this shit: I think an option Zitron didn't explore was the various counterparties just sayin' "naah." If OpenAI starts to crater there will be no methodology available to force anyone to pad their fall prior to their auguring in like a lawn dart. The thing with Lehman was Wall Street had enough exposure to Lehman to run their cash, and then AIG made it all pointless. NVidia and Microsoft have over $100b available to save their skins and while it could suck for a while, I don't see either of them voluntarily leaping into the meat grinder to save OpenAI.
Open Ai is bullshit minus being a slightly better grammar checker for word but it let Microsoft gracefully double the price of its #1 product, Office. I know we all say that nobody has figured out how to monetize AI but does it really matter If your actually add value when you sell shovels and everyone is willing to pay for the Ai branded one?
Vast amount of (other peoples') money pissed away to poison Google Search. It does seem to have done the job, though.