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Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

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Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#821

Post by boringg »

rchaud wrote: post #796

The US appears to be fully in the grips of centralized economic autarky. A tiny coterie of industrialists who have the President's ear decide how to allocate a gigantic amount of capital for their pet projects while the state raises tariffs and implements bans to protect them from competition. Didn't go well for South America in the 60s and 70s but perhaps, as economists are prone to saying, "this time will be differ…

Apples to oranges comparison. The problem set is completely different regarding your doom example of South America.

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#822

Post by Gasp0de »

mppm wrote: post #558

Apart from my general queasiness about the whole AGI scaling business and the power concentration that comes with it, these are the exact four people/entities that I would not want to be at the tip of said power concentration.

It could be worse, Elon Musk could be involved with it.

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#823

Post by class3shock »

moffers wrote: post #105

After they build the Multivac or Deep Thought, or whatever it is they’re trying to do, then what happens? It makes all the stockholders a lot of money?

We ask it the last question and it tells us the answer is 42.

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#824

Post by rchaud »

i_love_retros wrote: post #805
whimsicalism wrote: post #800

Earlier quoted context omitted.

this is private capital. yes, we are in an era of big projects and big capital deployment. is that synonymous with centralized autarky? i don’t agree

What does it have to do with Trump then? Why was he involved?

Because $500b is not a number anybody will commit to without significant assurances regarding tax breaks, access to labour, security etc which can only be provided by the state.

Musk cannot ban Chinese autos from the US market, but the government can. Same goes for Tiktok, Zuck cannot force Americans not to use it. AI is the next battlefield and further bans will be coming down the line to make sure the investment is protected.

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#825

Post by whimsicalism »

rchaud wrote: post #819
whimsicalism wrote: post #800

Earlier quoted context omitted.

this is private capital. yes, we are in an era of big projects and big capital deployment. is that synonymous with centralized autarky? i don’t agree

And where do you think the socialists of the 60s got hard currency to import machinery from? Borrowing from non-state lenders.

borrowing from non-state lenders is neither a necessary nor sufficient condition for ‘autarky’ and your reasoning seems to just be since it happened in South America in the 60s it must be part of the economic mismanagement that occurred there.

i agree that our protectionist policies are bad and autarkic in nature

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#826

Post by azemetre »

JohnPrine wrote: post #744
CSSer wrote: post #622

Earlier quoted context omitted.

For less than this same price tag, we could’ve eliminated student loan debt for ~20 million Americans. It would in turn open a myriad number of opportunities, like owning a home and/or feeling more comfortable starting a family. It would stimulate the economy in predictable ways. Instead we gave a small number of people all of this money for a moonshot in a state where they squabble over who’s allowed to use which ba…

I'm starting to think there's no difference between this website and reddit

This site is way way way more capital friendly than worker friendly.

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#828

Post by fallingknife »

lenerdenator wrote: post #806
whimsicalism wrote: post #800

Earlier quoted context omitted.

this is private capital. yes, we are in an era of big projects and big capital deployment. is that synonymous with centralized autarky? i don’t agree

This is an amount that would be a meaningful change to most US states' gross annual economic output that we're talking about, and a few people control it. Sounds pretty centralized to me. The fact that a handful of individuals have half a trillion dollars to throw at something that may or may not work while working people can pay the price of a decent used car each year, every year to their health insurance company o…

It's a great thing that they can throw half a trillion at something that may not work. Every great tech advancement came from throwing money at something which might not work.

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#829

Post by sebazzz »

jwr wrote: post #662
Gud wrote: post #599

Earlier quoted context omitted.

This is a money making scheme.

Mostly benefiting the fossil fuel industry. How are they going to power this? Gas is the only option that can be implemented within single years. And this is going to need a lot of power. Who cares about the planet, anyway.

> Who cares about the planet, anyway.

Maybe at some point they are going to AI themselves out of climate change. Well.. except for the part where they don’t believe in man-escalated climate change.

Re: Stargate Project: SoftBank, OpenAI, Oracle, MGX to build data centers

#830

Post by JumpCrisscross »

lenerdenator wrote: post #806
whimsicalism wrote: post #800

Earlier quoted context omitted.

this is private capital. yes, we are in an era of big projects and big capital deployment. is that synonymous with centralized autarky? i don’t agree

This is an amount that would be a meaningful change to most US states' gross annual economic output that we're talking about, and a few people control it. Sounds pretty centralized to me. The fact that a handful of individuals have half a trillion dollars to throw at something that may or may not work while working people can pay the price of a decent used car each year, every year to their health insurance company o…

> fact that a handful of individuals have half a trillion dollars

This is disputed [1]. In reality, a handful of individuals have the capital to seed a half-a-trillion dollar megaproject, which then entails the project to raise capital from more people.

[1] https://www.wsj.com/tech/musk-pours-cold-water-on-trump-back...

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