Earlier quoted context omitted.
I actually think the people developing AI might well not get rich off it. Instead, unless there's a single winner, we will probably see the knowledge on how to train big LLMs and make them perform well diffuse throughout a large pool of AI researchers, with the hardware to train models reasonably close to the SotA becoming more quite accessible. I think the people who will benefit will be the owners of ordinary but h…
When railroads were first being built across the continental USA, those companies also had high valuations (for the time). Most of them ultimately went bankrupt or were purchased for a fraction of their peak valuation. But the tracks remained, and many of those routes are still in use today.
The problem is the railroads were purchased by the winners. Who turned out to be the existing winners. Who then went on to continue to win.
On the one hand, I guess that's just life here in reality.
On the other, man, reality sucks sometimes.