Will AI be the basis of many future industrial fortunes, or a net loser?
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Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#2You can't make such generalized statements about anything in computing/business.
The AI revolution has only just got started. We've barely worked out basic uses for it. No-one has yet worked out revolutionary new things that are made possible only by AI - mostly we are just shoveling in our existing world view.
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#3You can't make such generalized statements about anything in computing/business. The AI revolution has only just got started. We've barely worked out basic uses for it. No-one has yet worked out revolutionary new things that are made possible only by AI - mostly we are just shoveling in our existing world view.
The way I look at this question is: Is there somehow a glaring vulnerability/missed opportunity in modern capitalism that billions of people somehow haven't discovered yet? And if so, is AI going to discover it? And if so, is a random startup founder or 'little guy' going to be the one to discover and exploit it somehow? If so, why wouldn't OpenAI or Anthropic etc get there first given their resources and early access to leading technology?
IIRC Sam Altman has explicitly said that their plan is to develop AGI and then ask it how to get rich. I can't really buy into the idea that his team is going to fail at this but a bunch of random smaller companies will manage to succeed somehow.
And if modern AI turns into a cash cow for you, unless you're self-hosting your own models, the cloud provider running your AI can hike prices or cut off your access and knock your business over at the drop of a hat. If you're successful enough, it'll be a no-brainer to do it and then offer their own competitor.
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#4You can't make such generalized statements about anything in computing/business. The AI revolution has only just got started. We've barely worked out basic uses for it. No-one has yet worked out revolutionary new things that are made possible only by AI - mostly we are just shoveling in our existing world view.
The way I look at this question is: Is there somehow a glaring vulnerability/missed opportunity in modern capitalism that billions of people somehow haven't discovered yet? And if so, is AI going to discover it? And if so, is a random startup founder or 'little guy' going to be the one to discover and exploit it somehow? If so, why wouldn't OpenAI or Anthropic etc get there first given their resources and early acces…
>> Is there somehow a glaring vulnerability/missed opportunity in modern capitalism that billions of people somehow haven't discovered yet?
Absolutely with 150% certainty yes, and probably many. The www started April 30, 1993, facebook started February 4, 2004 - more than ten years until someone really worked out how to use the web as a social connection machine - an idea now so obvious in hindsight that everyone probably assumes we always knew it. That idea was simply left lying around for anyone to pick up and implement rally fropm day one of the WWW. Innovation isn't obvious until it arrives. So yes absolutely the are many glaring opportunities in modern capitalism upon which great fortunes are yet to be made, and in many cases by little people, not big companies.
>> if so, is a random startup founder or 'little guy' going to be the one to discover and exploit it somehow? If so, why wouldn't OpenAI or Anthropic etc get there first given their resources and early access to leading technology?
I don't agree with your suggestion that the existing big guys always make the innovations and collect the treasure.
Why did Zuckerberg make facebook, not Microsoft or Google?
Why did Gates make Microsoft, not IBM?
Why did Steve and Steve make Apple, not Hewlett Packard?
Why did Brin and Page make Google - the worlds biggest advertising machine, not Murdoch?
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#5You can't make such generalized statements about anything in computing/business. The AI revolution has only just got started. We've barely worked out basic uses for it. No-one has yet worked out revolutionary new things that are made possible only by AI - mostly we are just shoveling in our existing world view.
The way I look at this question is: Is there somehow a glaring vulnerability/missed opportunity in modern capitalism that billions of people somehow haven't discovered yet? And if so, is AI going to discover it? And if so, is a random startup founder or 'little guy' going to be the one to discover and exploit it somehow? If so, why wouldn't OpenAI or Anthropic etc get there first given their resources and early acces…
People aren’t getting rich with AI products, they are getting rich selling AI companies.
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#6You can't make such generalized statements about anything in computing/business. The AI revolution has only just got started. We've barely worked out basic uses for it. No-one has yet worked out revolutionary new things that are made possible only by AI - mostly we are just shoveling in our existing world view.
The way I look at this question is: Is there somehow a glaring vulnerability/missed opportunity in modern capitalism that billions of people somehow haven't discovered yet? And if so, is AI going to discover it? And if so, is a random startup founder or 'little guy' going to be the one to discover and exploit it somehow? If so, why wouldn't OpenAI or Anthropic etc get there first given their resources and early acces…
Thats why i just biult my own tiny AI rig in a home server. I dont want to grow even more addicted to cloud services, nor do i want to keep providing them free human-made data. Ok, so i dont have access to mystical hardware, but im here to learn rather than produce a service.
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#7You can't make such generalized statements about anything in computing/business. The AI revolution has only just got started. We've barely worked out basic uses for it. No-one has yet worked out revolutionary new things that are made possible only by AI - mostly we are just shoveling in our existing world view.
The way I look at this question is: Is there somehow a glaring vulnerability/missed opportunity in modern capitalism that billions of people somehow haven't discovered yet? And if so, is AI going to discover it? And if so, is a random startup founder or 'little guy' going to be the one to discover and exploit it somehow? If so, why wouldn't OpenAI or Anthropic etc get there first given their resources and early acces…
> IIRC Sam Altman has explicitly said that their plan is to develop AGI and then ask it how to get rich
If they actually reach AGI they will be rich enough. Maybe they can solve world happiness or hunger instead?
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#8Earlier quoted context omitted.
The way I look at this question is: Is there somehow a glaring vulnerability/missed opportunity in modern capitalism that billions of people somehow haven't discovered yet? And if so, is AI going to discover it? And if so, is a random startup founder or 'little guy' going to be the one to discover and exploit it somehow? If so, why wouldn't OpenAI or Anthropic etc get there first given their resources and early acces…
> IIRC Sam Altman has explicitly said that their plan is to develop AGI and then ask it how to get rich If they actually reach AGI they will be rich enough. Maybe they can solve world happiness or hunger instead?
> If they actually reach AGI they will be rich enough. Maybe they can solve world happiness or hunger instead?
That's what normal people might consider doing if they had a lot of money. The kind of people who actually seem to get really wealthy often have... other pursuits that are often not great for society.
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#9And Dropbox will never take off
Re: Will AI be the basis of many future industrial fortunes, or a net loser?
#10Earlier quoted context omitted.
> IIRC Sam Altman has explicitly said that their plan is to develop AGI and then ask it how to get rich If they actually reach AGI they will be rich enough. Maybe they can solve world happiness or hunger instead?
> If they actually reach AGI they will be rich enough. Maybe they can solve world happiness or hunger instead? That's what normal people might consider doing if they had a lot of money. The kind of people who actually seem to get really wealthy often have... other pursuits that are often not great for society.
Like building a rocket that can relocate us to another planet when shit hits the fan?