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They get tax write offs from the government, as well as cities and states PAYING THEM to expand their empire.
They’re the biggest welfare queens.
I support seizing the health from billionaires.
itsa me, mario
Green Mario?
I don’t think there is any wealth there, just undeserved trust that allows them to raise money through debt.
If you seize that, then the debtors will come calling for higher risk premium and the venture implodes - sooner than they otherwise would.
So maybe it is a good idea anyway.
“5 more years, bro. I know I know, just 5 MORE years bro and we’ll have AGI on the moon bro, no idea how to monetize it but just 5 additional years bro!”
How the heck does this keep generating cash flow? Are investors really this stupid?
The problem is they over borrowed and dont make any money.
they have a bunch of assets. Doesn’t need to be cash
What wealth?
https://www.wheresyoured.at/the-openai-bubble/
They can’t do anything if they aren’t spending VC money. LLMs are the most money burning corporate misadventure of all time.
Why stop at AI?
It has to start somewhere.
Yeah, America needs a wealth tax desperately.
lol who’s gonna seize it? Trump government? America is cooked. I’m starting to think America’s future is either going to be a very isolated authoritarian dystopia or state separation. No one likes each other and everyone argues over a the most simple things. Human rights, work rights doesn’t exist if you’re not filthy rich. Manipulation is so bad that if trump says the sky is green, tomorrow idiots are going to believe it’s actually green.
Idk man. I really wish they’d take billionaires monies and build houses hospitals but never going to happen.
I support seizing the wealth of all the wealthy.
They seize our water and energy, so fuck em. They can explode for all I care, as can all the sell outs who work in them.
Also, please tell everyone you see that there is lots of copper in those data centers.
It’s a trap. Open source / weight models will become mandated to pay for use locally. So we won’t be able to use local models for our own purposes and gain, while the big corporations simply pay a small percentage.
Hardware and software breakthroughs will make it possible to run LLM models and advanced AI on local, solar powered hardware. For example you can pack a ternary 27b model on a smartphone now.
In the best case, 50% will belong to the US empire. Which is controlled by the worst of the worst people on earth.
The wealthy will turn it into a bailout. The US government isn’t gonna ‘seize’ anything. They’ll “compromise” by buying the companies directly from the wealthy, and when it all comes crashing down the tax payers will be left holding the bag.
Holding the bag not only for current sunk costs but also for future “lost” earnings. The billionaires are going to recoup that hundred trillion dollar AI boom one way or another.
I know this isn’t an apples to apples comparison, but are other countries like China also dealing with unemployment due to AI development, or are they supporting their workforce?
I believe their current solution is prohibiting the firing of workers only to replace them with AI to reduce cost. It’s eh; much better than anything we have, but the scope is so narrow it seeks like something the US would conjure up. Having said that, China usually enforces their stuff with teeth.
The “majority of Americans” are fucking idiots. “If only we owned more of their stock we could direct how the tech is used!”, they decry, completely oblivious to the scam being perpetrating upon them to shift the downside risk to the “majority of Americans”. Never has more blatant propaganda hit my eyes.
You know how I know? Because we already have a mechanism for directing the actions of our institutions, forged in two centuries of nation building. It is called legislation and regulation, mother fuckers.
Now, I’d forgive you for recognizing that the power of the law is at an all time low, at least in living memory. So maybe the “majority of Americans” “seizing wealth” by their corrupt government owning more of the company stock seems more tangible and maybe the “majority of Americans” believe there is a future upside to owning all that yummy stock that will eventually make gas cheaper and lettuce not cause explosive diarrhea. But, see my first sentence.
sigh And now I am off to my job to keep my healthcare and keep a house over my family, and to pretend we’re not sliding into a fascist, racist, mysoginist, elitist hellscape of our own making.
Isn’t US AI already funded by tax deduct ?
and immediately shutting down on AI DCs.
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