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Hypercapitalism and the AI talent wars

blog.johnluttig.com

61–70 of 256 posts

Re: Hypercapitalism and the AI talent wars

#61
post #38

Earlier quoted context omitted.

[flagged]

Assuming you're not just a troll, it doesn't seem very reasonable to be against something simply because many people support it.

Not trolling. It has served me better than most heuristics.

If there is something subjective and if you cannot find a critique of it, it’s usually a super power to assume the opposite is true barring obvious exceptions.

Re: Hypercapitalism and the AI talent wars

#62
post #60
post #57

Earlier quoted context omitted.

10 years ago, Apple was the largest company in the world by market capitalization, its market cap was around $479.069 billion. How have we gotten to a point in just a decade where multiple companies are dropping annual numbers that are in the realm of "the market cap of the worlds biggest companies" on these things? Have we solved all (any of) the other problems out there already?

I'm still not seeing it. It's immoral because it's resources not spent on some particular problem you have in mind?

The 10x from 400 billion to 4 trillion in a decade didnt come from 2% inflation.

It didnt come from nowhwere, or from Silicon Valleys exceptionalism - It came from changing the value of money, labour and resources. It came from everyday people, deficits and borrowing from the next 10 generations of children.

Re: Hypercapitalism and the AI talent wars

#64
post #38

Earlier quoted context omitted.

Assuming you're not just a troll, it doesn't seem very reasonable to be against something simply because many people support it.

Not trolling. It has served me better than most heuristics. If there is something subjective and if you cannot find a critique of it, it’s usually a super power to assume the opposite is true barring obvious exceptions.

You can't find a critique of extreme wealth concentration? There are many. Here's one: https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...

Re: Hypercapitalism and the AI talent wars

#65
post #38

Earlier quoted context omitted.

Assuming you're not just a troll, it doesn't seem very reasonable to be against something simply because many people support it.

Not trolling. It has served me better than most heuristics. If there is something subjective and if you cannot find a critique of it, it’s usually a super power to assume the opposite is true barring obvious exceptions.

[deleted]

Re: Hypercapitalism and the AI talent wars

#66
post #40

Earlier quoted context omitted.

Can you write off everything popular with the normie zeitgeist?

I would say if there is a decline in society, the normies are wrong. And if there's steady improvement in quality of life, then the normie zeitgeist is correct. But there's always a delay in these things, at least a generation.

How would we be able to measure decline?

Re: Hypercapitalism and the AI talent wars

#67
post #40

Earlier quoted context omitted.

Can you write off everything popular with the normie zeitgeist?

I would say if there is a decline in society, the normies are wrong. And if there's steady improvement in quality of life, then the normie zeitgeist is correct. But there's always a delay in these things, at least a generation.

What if QoL improves for some but goes down for others?

Re: Hypercapitalism and the AI talent wars

#68

I find the current VC/billionaire strategy a bit odd and suboptimal. If we consider the current search for AGI as something like a multi-armed bandit seeking to identify “valuable researchers”, the industry is way over-indexing on the exploitation side of the exploitation/exploration trade-off. If I had billions to throw around, instead of siphoning large amounts of it to a relatively small number of people, I would…

In fact this is much more optimal when looking at history. Strangely, success often comes from dark horses. But it makes sense, since you can't have paradigm shifts by maintaining the paradigm. Which is what happens when you hyper focus on a few individuals (who you generally pick by credentials).

The optimal strategy is to lean on the status quo but also cast your net far and wide. There's a balance of exploration/exploitation, but exploitation feels much safer. Weirdly you need to be risky and go against the grain if you want you play it safe.

With the money these companies are throwing around we should be able to have a renaissance of AI innovations. But we seem to just want to railroad things. Might as well throw the money down the drain.

Re: Hypercapitalism and the AI talent wars

#69
post #62
post #60

Earlier quoted context omitted.

I'm still not seeing it. It's immoral because it's resources not spent on some particular problem you have in mind?

The 10x from 400 billion to 4 trillion in a decade didnt come from 2% inflation. It didnt come from nowhwere, or from Silicon Valleys exceptionalism - It came from changing the value of money, labour and resources. It came from everyday people, deficits and borrowing from the next 10 generations of children.

Seems like this is about something other than LLMs?

Re: Hypercapitalism and the AI talent wars

#70
post #62
post #60

Earlier quoted context omitted.

I'm still not seeing it. It's immoral because it's resources not spent on some particular problem you have in mind?

The 10x from 400 billion to 4 trillion in a decade didnt come from 2% inflation. It didnt come from nowhwere, or from Silicon Valleys exceptionalism - It came from changing the value of money, labour and resources. It came from everyday people, deficits and borrowing from the next 10 generations of children.

Exploitation. Or cost externalization.

The public discourse is weirdly unable to adress burning problems that had been formulated almost 150 years ago. Much like the climate change topic originating in the 1970s.

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