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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

#871

Post by briandear »

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…

Tariffs are a negotiating tactic. Read Art of the Deal and that outlines how Trump negotiates.

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

#872

Post by Nullabillity »

energy123 wrote: post #721
deknos wrote: post #589

This is so much money with which we could actually solve problems in the world. maybe even stop wars which break out because of scarcity issues. maybe i am getting to old or to friendly to humans, but it's staggering to me how the priorities are for such things.

Very zero-sum outlook on things which is factually untrue much of the time. When you invest money in something productive that value doesn't get automatically destroyed. The size of the pie isn't fixed.

> something productive

So... not this.

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

#875

Post by newsclues »

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…

Compared to China?

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

#876

Post by rchaud »

briandear wrote: post #871
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…

Tariffs are a negotiating tactic. Read Art of the Deal and that outlines how Trump negotiates.

So is being delinquent on debts apparently.

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

#877

Post by mike_hearn »

mattlutze wrote: post #726
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.

Ellison should be nowhere near this: https://arstechnica.com/information-technology/2024/09/omnip... The man has the moral system of a private prison and the money to build one.

That's a pretty deceptive and ragebaity article.

If you look at the original video [1], starting at 1:09:00, he's talking specifically about police body/dashcams recording interactions with citizens during callouts and stops, not everyone all the time as that article strongly implies. The USA already decided to record what police see all the time during these events, so there's no new privacy issue posed by anything he's suggesting. The question is only how those videos are used. In particular, he points out that police are allowed to turn off bodycams for privacy reasons (e.g. bathroom breaks), which is a legitimate need but it can also be abused, and AI can fix this loophole.

In the same segment he also proposes using AI to watch CCTV at schools in real time to trigger instant response if someone pulls out a gun, and using AI to spot wildfires using drones. For some reason the media didn't condemn those ideas, just the part about supervising cop stops. How curious.

[1] https://www.oracle.com/events/financial-analyst-meeting-2024...

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

#878

Post by rchaud »

ahmeneeroe-v2 wrote: post #839
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…

Private capital. That detail seems to derail your whole comment.

> “I think this will be the most important project of this era,” Altman said on Tuesday. “We wouldn’t be able to do this without you, Mr. President.”

Since when does "private capital" speak in such honeyed tones to state powers?

https://www.cnn.com/2025/01/21/tech/openai-oracle-softbank-t...

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

#879

Post by JumpinJack_Cash »

ahmeneeroe-v2 wrote: post #839
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…

Private capital. That detail seems to derail your whole comment.

> > Private capital

Groupthink capital, directed by mostly 2 "thought leaders".

Economies don't like Groupthink Capital, regardless of it being private, public or a combination of the 2

Of course the US economy as a whole is huge so even billions can be absorbed, once you start talking about half a trillion though...

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