Comment by Frieren
17 hours ago
> Jeff Bezos made the salient point...
Big AI investor tells us that investing in AI is good. Oh, the surprise!
Does that invalidate this point? Yes. Because it makes no sense. The big money is not going to R&D but to build infrastructure that will be outdated in 5 years.
No, that's not the right read. He said bubbles and exuberance still produce lasting value for humanity, even when investors lose money.
Big money is going to build infrastructure which is fundamentally required for R&D. They aren't separate, they are the same thing. It sounds like you're complaining that Pfizer isn't investing in drug research, they are buying mass spectrometers and micron fidelity microscopes. Same thing!