Comment by ploxiln
3 days ago
> mega funds and giga corps throwing ridiculous cash for pay to win
> This is just M2 expansion and wealth concentration
I actually think "throwing ridiculous cash" _reduces_ the wealth concentration, particularly if a chunk of it is developer talent bidding war. This is money that had been concentrated, being distributed. These over-paid developers pay for goods or services from other people (and pay income taxes!). Money spent on datacenters also ends up paying people building and maintaining the data-centers, people working in the chip and server component factories, people developing those chips, etc etc. Perhaps a big chunk ends up with Jensen Huang and investors in NVidia, but still, much is spent on the rest of the economy along the way.
I don't feel bad about rich companies and people blowing their money on expensive stuff, that distributing the wealth. Be more worried of wealthy companies/people who are very efficient with their spending ...
> I actually think "throwing ridiculous cash" _reduces_ the wealth concentration, particularly if a chunk of it is developer talent bidding war.
Very few developers are benefiting from this "talent bidding war". Many more developers are being let go as companies decide to plow more of their money into GPUs instead of paying developers.