Trump to meet AI leaders to discuss US investment in their companies
1–10 of 13 posts
Re: Trump to meet AI leaders to discuss US investment in their companies
#2this would.be a long term disaster for the us economy. you would have an unproductive or deflationay technology subsidized by the federal goverment. if ai raises productivity then it will be deflationary (making nominal gdp shrink). if ai does not raise productivity then you have a misallocation of capital backed by the federal government. instead the us should invest in things that actually would grow the economy, like cheap energy for one and basic r & d for two. An economy based on regurgitation of what has already been written is not competitive with economies that actually make things and make new ideas that are practically useful. name one technology invented by an LLM so far?
Re: Trump to meet AI leaders to discuss US investment in their companies
#3If the legal authority for these investments isn’t clear, it could be a bonanza for the AI companies. They get capital and are then able to return it. Essentially, an interest-free loan.
Re: Trump to meet AI leaders to discuss US investment in their companies
#4If the legal authority for these investments isn’t clear, it could be a bonanza for the AI companies. They get capital and are then able to return it. Essentially, an interest-free loan.
As far as I understand, these companies would cede shares to the government, i.e. give the USG a stake for free.
Re: Trump to meet AI leaders to discuss US investment in their companies
#5I hate this for all the reasons, but given how much Americans hate their government is the government taking a steak in AI likely to improve people’s opinion of AI?
Re: Trump to meet AI leaders to discuss US investment in their companies
#6If the legal authority for these investments isn’t clear, it could be a bonanza for the AI companies. They get capital and are then able to return it. Essentially, an interest-free loan.
As far as I understand, these companies would cede shares to the government, i.e. give the USG a stake for free.
> these companies would cede shares to the government, i.e. give the USG a steak for free
That’s not the precedent of the Intel investment, where the “government’s equity stake” was “funded by the remaining $5.7 billion in grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program” [1]
[1] https://www.intc.com/news-events/press-releases/detail/1748/...
Re: Trump to meet AI leaders to discuss US investment in their companies
#7I hate this for all the reasons, but given how much Americans hate their government is the government taking a steak in AI likely to improve people’s opinion of AI?
> is the government taking a steak in AI likely to improve people’s opinion of AI?
Is this a claimed aim of the effort?
Re: Trump to meet AI leaders to discuss US investment in their companies
#8I hate this for all the reasons, but given how much Americans hate their government is the government taking a steak in AI likely to improve people’s opinion of AI?
Can you name the reasons you hate it for? Genuine question
Re: Trump to meet AI leaders to discuss US investment in their companies
#9I hate this for all the reasons, but given how much Americans hate their government is the government taking a steak in AI likely to improve people’s opinion of AI?
> is the government taking a steak in AI likely to improve people’s opinion of AI? Is this a claimed aim of the effort?
According to the article(stake though, not steak)
Re: Trump to meet AI leaders to discuss US investment in their companies
#10this would.be a long term disaster for the us economy. you would have an unproductive or deflationay technology subsidized by the federal goverment. if ai raises productivity then it will be deflationary (making nominal gdp shrink). if ai does not raise productivity then you have a misallocation of capital backed by the federal government. instead the us should invest in things that actually would grow the economy, l…
> instead the us should invest in things thst actually would grow the economy, like cheap energy for one and basic r & d for two.
Aren’t the big AI labs doing both those things?