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heavyset_go
26 days ago
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OpenAI's cash burn will be one of the big bubble q...
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AI feels like a solution looking for a problem.
The problem is increasing profits by replacing paid labor with something "good enough".
MangoToupe
26 days ago
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This is a use case that hasn't yet been proven out, though. "Good enough" for an executive may not be "good enough" to keep the company solvent, and there's no shortage of private equity morons who have no understanding of their own assets.
heavyset_go
26 days ago
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I agree, but it's the bet they're making. You don't end up with trillions in investment and valuations with chatbots and meme video generators.
johnnyanmac
26 days ago
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Doesn't sound like a very profitable problem to solve. At least, not in the long term (which no one orchestrating this is thinking in).
heavyset_go
26 days ago
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Long term is feudalism, the short term is how we get there.
johnnyanmac
26 days ago
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Well I wish them the worst of luck. Those doing this need to go back to the 1880s and see how that ended long term.
kolinko
25 days ago
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Isn’t this what industrialisation was always about?
heavyset_go
25 days ago
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Yes, and everything around us was replaced by something "good enough" from a factory unless you paid for real craftsmanship.
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The problem is increasing profits by replacing paid labor with something "good enough".