Comment by eru
11 hours ago
I don't see the cascading hierarchy of enrichment.
I mean, they are certainly trying, but so far there's too much competition so the surplus mostly goes to customers.
11 hours ago
I don't see the cascading hierarchy of enrichment.
I mean, they are certainly trying, but so far there's too much competition so the surplus mostly goes to customers.
Well, the investment dollars are spent on the customers for the most part, though also on salaries and equipment. But the lions share of the value is going to the shareholders (eg employees and investors)... and they have liquidated and will continue to liquidate a disproportionate value to what they have spent on us. By some estimations at least. It's very possible $1 into this machine to feed your queries is worth $10+ to a shareholder based on whatever new valuation they get. So I'd say there is a hierarchy of enrichment.
> I don't see the cascading hierarchy of enrichment.
If there wasn't a hierarchy of enrichment then rich investors would not be interested in AI at all. It's the only reason there's 22 million lying around to start training on a math problem on a whim; whereas the actual math researchers have to scrape together funding in hope of just maybe one day getting a 1 million dollar prize.