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Will wealthier people access better AIs?

news.ycombinator.com

11–20 of 49 posts

Re: Will wealthier people access better AIs?

#12
> Today, billionaires and middle-class everyday people use the same phones

Don't assume the rich have just one phone. It is common to compartment with several different phones for different purposes. One you only give to family/friends, another for strictly business topics, another for social media, another for giving out publicly on business cards, and the list goes on.

Re: Will wealthier people access better AIs?

#13
post #12

> Today, billionaires and middle-class everyday people use the same phones Don't assume the rich have just one phone. It is common to compartment with several different phones for different purposes. One you only give to family/friends, another for strictly business topics, another for social media, another for giving out publicly on business cards, and the list goes on.

You seem to be conflating phones and phone numbers. I guess I don't know for certain that is not common to be juggling half a dozen physical phones, but it seems unhelpful and easily avoided.

Re: Will wealthier people access better AIs?

#14
An interesting exercise, is to flip that question upside down:

Assuming everyone gets access to the same quality of AI, how will rich people maintain their compounding advantages over the non-wealthy?

The first way, is by having more computing resources. The same AI, but with more computing resources, is going to come up with equal or higher quality results.

The second, is being able to requisition more physical resources. The same AI can help a wealthy person set up a business, by quickly acquiring physical and IP assets, or labor, vs. someone without the wealth to do that.

The third, is by having better information. Small differences in information, such as having a market's trading history just a fraction of a second before someone else, can translate into a lot of economic power. Wealthy people can pay for better information, or put systems into place to get better information.

The fourth, is risk tolerance. Even with an AI helping someone making choices, some choices with the highest expected return also come with the highest volatility or risk. Someone with resources can tolerate a lot of individual risks. But a low resource person will have to play it safe and forgo those opportunities.

Conclusion: The efficiencies delivered by AI will intensify existing compounding effects, and the inequality those already generate.

Even if AI access was somehow kept even.

Re: Will wealthier people access better AIs?

#15
post #13
post #12

> Today, billionaires and middle-class everyday people use the same phones Don't assume the rich have just one phone. It is common to compartment with several different phones for different purposes. One you only give to family/friends, another for strictly business topics, another for social media, another for giving out publicly on business cards, and the list goes on.

You seem to be conflating phones and phone numbers. I guess I don't know for certain that is not common to be juggling half a dozen physical phones, but it seems unhelpful and easily avoided.

They'll typically have an IT guy that handles things for the family. They'd be the one to set up call-forwarding and/or another tidy way of handling multiple numbers via one phone. Haven't done it myself but I'm sure there are numerous ways.

Re: Will wealthier people access better AIs?

#16

An interesting exercise, is to flip that question upside down: Assuming everyone gets access to the same quality of AI, how will rich people maintain their compounding advantages over the non-wealthy? The first way, is by having more computing resources. The same AI, but with more computing resources, is going to come up with equal or higher quality results. The second, is being able to requisition more physical reso…

I love that you added a conclusion at the end of your list. Adding conclusions to the end of lists is one of ChatGPT's favorite things to do.

Re: Will wealthier people access better AIs?

#19
post #18
post #2

AIs are already incredibly expensive. There's no reason to think the current best AIs will be democratized across economic classes. M

was said about computers only 50 years ago, it's worth thinking about (tho probably too speculative at this point)

Sure, computers are, but the really important ones - the ones that can perform the biggest calculations, make the fastest trades, mine bitcoin fastest, and now run the heaviest AI models - aren't. Capital always gives advantages, many of which are sizeable. There's a reason that the new AI hotness has investments in the billions.

Re: Will wealthier people access better AIs?

#20
post #18
post #2

AIs are already incredibly expensive. There's no reason to think the current best AIs will be democratized across economic classes. M

was said about computers only 50 years ago, it's worth thinking about (tho probably too speculative at this point)

On other hand we are currently hitting limits or at least we see them. And we have some picture how much resources is required to train and run these models. So I think we could draw some conclusions with spending let's say 1000 and a million to run one or have one available.
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