Comment by hannofcart
2 days ago
Another way of rephrasing that though is that the public (including large pension funds, retirees, etc.) just dodged a bullet and aren't left holding the bag.
Nevertheless, I doubt anyone's going to emerge unscathed when the valuations start falling though. Vast sections of the American stock market will be wiped out yet and with it the global economy.
Why do you assume 2-3 American companies failing will have a more negative impact on the economy than positive impact of the widespread availability of self-hostable, open-sourced, and efficient models?
There will surely be tons of new companies that make a business off of hosting these models and even tuning them for specific purposes. Not to mention the massive pricing difference will benefit people who actually utilize them
Firstly, I don't think it will be just 2-3 companies that fail. Due the circular investing between companies in the AI ecosystem, the fallout is going to be much bigger.
Secondly, even with that being true, I think open models are a great net benefit for all mankind in the long run.
I think both of those things are true at the same time.