Soundtrack: Mack Glocky - Chasing Cars
Last week, I spent a great deal of time and words framing the generative AI industry as a cynical con where OpenAI's Sam Altman and Anthropic's Dario Amodei have used a compliant media and braindead investors to frame unprofitable, unsustainable, environmentally-damaging and mediocre cloud
It seems like we have a problem where there’s too much money at the top of society that’s trying to chase returns that can’t exist because there’s enough money at the bottom to buy products, so it just gets invested in bad ways. This will probably continue until they waste enough for their own money on bullshit that they no longer have it
Eventually the only way rich people can get richer is by stealing from other rich people because the economy is so heavily weighted toward the rich that there’s just no money to extract from the poor. I think that’s related to what we’re seeing here … And probably everywhere else as well.
You’re right in your analysis, but the prediction is wrong, I’m afraid.
The next “big thing” is taking over the government. See Musk and his gang. He’s not alone and the US isn’t the only country this is happening in. Corporations inject themselves into each and every transaction, every aspect of life and politics. That way they have essentially infinite money at their hands.