Microsoft CEO Satya Nadella, whose company has invested billions of dollars in ChatGPT maker OpenAI, has had it with the constant hype surrounding AI. During an appearance on podcaster Dwarkesh Patel's show this week, Nadella offered a reality check, arguing that OpenAI's long-established goal of establishing "artificial general intelligence," (AGI) an ill-defined term that roughly denotes the point at which an AI can best humans on an intellectual level, is nonsense. "Us self-claiming some AGI
This all just feels like sunk cost fallacy at this point. Capitalism can’t do anything besides grow, even when the growth involved and the tech they’re trying to sell isn’t even remotely as good as the hype states.
Self-hosted LLMs? Awesome.
AI in the hands of corporate ghouls? Not awesome.
It’s the same narrative every time. Capitalists bastardizing tech and exploiting workers for profit alone.
This has been Silicon Valley’s MO for generations.
Yep! This is the first time the investment has been so catastrophic though. The amount of money they’re throwing at this absolutely dwarfs every past innovation spike.