Comment by radiator
4 days ago
But what would happen if no bailout came? I did not keep count of how many trillion USD they owe, but if we let OpenAI fail, what would be the consequences for ordinary people?
4 days ago
But what would happen if no bailout came? I did not keep count of how many trillion USD they owe, but if we let OpenAI fail, what would be the consequences for ordinary people?
Before, Microsoft would have absorbed most of OAI, and other than a speed bump in our AI progress, I think we'd have mostly been fine.
With a taxpayer stake in the company the odds that a corrupt administration will throw good money after bad due to corruption or stupidity goes way up.
My Mom wouldn’t be able to make AI images of her dog Chico as a pirate anymore.
Nothing
If OAI blew up now a whole lotta of people who supplied money would be angry.
But those people are generally not the common person
But the pushback will be — ‘but china!’
The people who supplied money are not retail investors. They are rich people who have power and influence and connections to politicians, media etc
Sure because never ever in history losses of rich people and companies have been socialized and have been assumed by those "risk takers".
Isn't this mostly circular? Let pichai, nadella and friends hold the bag. We'll be fine.
[dead]