The bubble is getting ready to pop and big investors want their exit liquidity. If they can’t plunder your 401ks and retirement accounts then they they will take it via taxes and public debt.
As much as I like Bernie I think he is playing right into their hands on this one by suggesting the government take a share in these companies.
Fash take, just kill it. LLMs should belong to the people, just like information should belong to the people.
Lol, no. We don’t want to use our tax payer dollars to fund your failing tech.
We don’t even have government healthcare for all but you want us to pay for this? Absolutely not.
This is otherwise known as a TAXPAYER FUNDED BAILOUT. Socialize the loss, privatize the gain.
Let them burn in the fire they set.
They are too big to not be bailed out; the loss absolutely will be a millstone around the budget for over a generation. This will cause a lot of suffering and make the rich richer and the majority of us much poorer
Edit: I was predicting what would happen, not what should happen. It’s very easy to state what the corrupted government will do. I in no way support what is surly inevitable by the wicked ones
They didn’t even exist a few years ago. They can get fucked.
They don’t have a viable business, bailing them out would be the real millstone around the neck of the economy, it would be a bottomless pit to throw money into.
That only applies to spaceX saps who bought after IPO fraud. The big owners of the 2 LLM companies are Google and Amazon. They can break even on their datacenters because just their stakes will probably reach $1T before saps get to hold the bag.
Failure can just mean that they need to slow down from the absurd expansion commitments. Saying there must be a bailout is saying that there needs to be 3x more datacenters by tuesday, even if fraud is behind that push. “We need to maintain the fraud for longer” means we need to make the bubble even larger so that bailing out the fraudsters when it pops seems bigger economic impact.
Nothing is too big to fail
Is a balloon ever too big to pop?
No, let it pop, let it burn, let it rot, and lets learn the lesson this time
We must accept our consequences so that we can finally actually move foward
A forest needs fire to clear out undergrowth or the fire will be even bigger and more damaging next year.
Markets are the same. Either we let them die now or we have even worse problems when they die later.
I would expect the Marxist-Leninist recommendation would be for such an institution to be founded by the state, and owned by the workers that created it. Instead, this would be a capitalist government using taxes on what little wealth the workers in a capitalist system have to sustain a failing business created by capital.
Why would an ML user support a capitalist bailout? Unless of course… the capitalism is coming from inside the Marxist-Leninist house! Ahhhhhhh!!
Doesn’t matter; they’re never going to be profitable. That’s not the direction the field is headed.
So we can deal with it now. Or later, when things are worse.
Fuck that. My tax dollars will not be funding corporate bail outs.
And saddle them with the debt. Fuck the investors and the cyclical scam machine. They should forfeit that money outright.
If it sounds dumb, it’s because it’s meant to. “Buy them if they fail” debate leads to more onerous alternative proposals. The US is on a mission to make Skynet for Israel or China wins. It’s hard for them to fail when Skynet will pay high prices for their datacenter time. But if they fail, it will be because they are too expensive, and “American people” owning them doesn’t pay American people anything if they are stuck losing money forever. And the other alternatives that stem from debate, is “why not just throw government money at bubble top rates?”
Absolutely fucking not.
I’m not coming from the “AI hater” angle either. I love open models.
But OpenAI and Anthropic are abominations. I’ve watched good startups and research groups disappear into the gaping maw they’ve created, all reason go out the window, replaced by whatever lies are coming out of Altman and Modi’s mouths.
…They’re destroying US innovation, and sucking everything into a black hole.
They need to burn.
And its honestly insane someone like Schneier can’t see this, or was just paid to say this. No one in the machine learning research space likes OpenAI; they never have. I guess he’s old enough to use past nationalization efforts as a baseline, in his mind?
All this bubble pumping bullshit is a desperate attempt to maintain their AI monopoly.
The reality is most tasks AI is actually useful for do not require >75% of the full AI model to do said tasks well.
This is why they’re also trying to monopolize computing power. Because once people realize they can run AI locally without a gaming PC these digital snake oil salesmen are fubar.
What the actual fuck, Guardian.
I think that no matter what happens we’re going to foot the bill. There’s no way in hell these assholes will ever face consequences of any sort. They already destroyed consumer electronics markets, and will bring the rest of the economy down with them if they fail, but they themselves and the parasite investors will never lose. We’ll have to pay…
here’s how hard I hit the “ef” on that “fuck no”:
F
let them die, others will rise from the ashes that don’t require burning the world down to grow
Each investor will get one CD of ChatGPT training data per share as a bankruptcy settlement. Every CD need to be inserted into a single user-provided server to train the model anew, because it’s saved as a multipart archive.
