Note that a lot of IT stuff is much cheaper on-premise in very short timelines, but still businesses through money at subscriptions for it anyway.
jj4211
joined 3 years ago
More to the point is the magnitude. Note that Ford ultimately didn't get a bailout, but between GM and financial sector they did about $500 billion, which adjusted for inflation would be about $800 billion. That's not enough to even cover OpenAI's obligations by itself, let alone the broader AI industry. GM's bailout was $50 billion.
It has affected mine. Sometimes a Google result suggested the only answer was in a reddit thread, and I would click to at least see. Now I get a 'log in" prompt and decide I didn't need that information after all.
But utilitarianism suggests that it is at least in service to some sort of valued utility. It's just stupid bullshit and corruption.
It's a stupid thing for him to say out loud, because the way tech has been, the consumer market is never going to be a threat by self hosting instead of renting it. Time and time again the consumer market has displayed that it will happily toss money at uncertain subscriptions. Even when they buy home electronics, they don't seem to mind when it's inexorably tied to a company cloud service subject to termination at will. Same for businesses. Even for things that are trivial to self host, or things that don't get value from an online service at all, people go for the cloud tied option.
They got the shit leadership, but not the utilitarianism.
In theory it can be more efficient but the consumer market never was going to contribute to the scarcity, and the bigger problem is the "must build AI datacenters" by all comers whether or not they actually have a plan to bring up and utilize.
Altman kicked off a corporate hoarding storm by committing half of the world's DRAM manufacturing supply, then every other corporate had to get in on it.
The result according to a report I read is that over half of the technology delivered to these folks are sitting disused. Because they couldn't get the right power to the datacenter, or maybe they did get all that lined up but don't have the business relationship with whomever actually would use the capacity, or they otherwise botched things so their setup is not viable.
The far bigger culprit is the bad datacenter buildout. Vilifying the consumer market is just a better narrative for his agenda.
cough 2007 cough
Needs to add if you owe the bank $1 Billion, then that's the governments problem.
Zero paid work experience, some manual labor through volunteering. Hence trying to get on at entry level some way or another.
From colleagues with kids similarly getting into the workforce, similar bad luck. Except one guy who owns a company and could hire his own kid, lot more trouble getting work going than I remember at that age.
Folks assuming this generation is too picky and not trying and that everyone can get a job at McDonald's if they can put aside their ego are completely out of touch with things. Yes, back in the 90s you could walk into 5 fast food places and land a basic job, now not so much.
That's funny, I had a kid that applied to all those jobs including McDonald's and Dairy Queen. Not a single call back to even interview.
Fortunately the school expects to hook the kid up with an internship, but we will see how that actually turns out.
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A lot of folks got a very concrete reminder of how little regard management has for their judgement, even if not laid off or fired.
It wasn't "have access to new AI tools and use them as appropriate", it was "use these tools, they can do your job better than you can and you are an idiot if you think otherwise".