Comment by BearOso

> Weren’t Schmidt’s comments on AI the harsh “truth” from the perspective of someone who directly benefits from the wealth extraction capabilities of AI?

There are no wealth extraction capabilities yet. It's a money pit. They're certainly hoping it'll surpass some breakpoint and become profitable by brute-forcing compute power, but that's very optimistic. The propaganda Schmidt is pushing envisions that future in hopes of raising current stock prices so they can afford the brute-forcing that's very unlikely to succeed.

My prediction is that we'll keep the tools we've acquired, probably refined a bit, but the LLM path is eventually a dead-end. After this, if they still try to monetize, remote models will be extremely expensive.