| ▲ | toomuchtodo 3 days ago | |
Other countries can shoulder the cost of the hand waving grift. If it turns out they succeed, lift their models and weights. Eat some potential IP liability for not incurring economic damage ("inefficient capital allocation") chasing magic. Be first, be smarter, or cheat ("you can just do things"). DeepSeek showed a bit of this (model training efficiency), as Apple does slow walking their gen AI. Why incur material economic risk to be first? There will be no moat. | ||
| ▲ | toomuchtodo 3 hours ago | parent [-] | |
> Wall Street Journal columnist Christopher Mims shared another chart, saying: “The 'magnificent 7' spent more than $100 billion on data centers and the like in the past three months alone.” Man, are they optimistic. Mims linked to an article by Paul Kedrosky, who offers another perspective [1] on the AI bubble, as a percentage of GDP. Kedrosky, in turn, quoted Chinese President Xi Jinping, who warned of overinvesting in AI-focused datacenters. When Xi Jinping and Wall Street traders are on the same page, you know it’s bad. [2] [1] https://paulkedrosky.com/honey-ai-capex-ate-the-economy/ [2] https://open.substack.com/pub/thealgorithmicbridge/p/im-an-a... | ||