Now that Nvidia is the most valuable company, all this talk of actual AGI will be washed away by the huge amount of dollars driving the hype train.

Most of these companies value is built on the idea of AGI being achievable in the near future.

AGI being too close or too far away affects the value of these companies- too close and it'll seem too likely that the current leaders will win. Too far away and the level of spending will seem unsustainable.

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michaelt a day ago | parent | next [-]

> Most of these companies value is built on the idea of AGI being achievable in the near future.

Is it? Or is it based on the idea a load of white collar workers will have their jobs automated, and companies will happily spend mid four figures for tech that replaces a worker earning mid five figures?

	▲	rootusrootus a day ago \| parent \| next [-]
		I think companies that expect to use AI to cut their salary overhead making the same products they were before are going to get clobbered by companies that use AI to grow. A few people may have to retrain into a different line of work but I don't really see AI putting people out of work en masse.
	▲	JumpCrisscross a day ago \| parent \| prev \| next [-]
		From what I've seen, the most-compelling thesis involves robotics. We're seeing evidence that LLMs tokenising physical inputs can operate robots better than previous methods. If that's pans out, the investment thesis is secured. No AGI needed.
	▲	jjulius a day ago \| parent \| prev [-]
		Why not both? :)

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zeroonetwothree a day ago | parent | prev | next [-]

It’s possible for AI to provide tremendous economic value without AGI

	▲	sameermanek a day ago \| parent \| next [-]
		That is for a governing body to look out for. NOT private companies. Governments have a job to run massive programs for socioeconomic welfare without carrying about profit.
	▲	sarchertech a day ago \| parent \| prev \| next [-]
		AGI in the not too distant future is always priced in. Just providing tremendous economic value won’t make the stock prices keep going up.
	▲	anon191928 a day ago \| parent \| prev [-]
		that is doubtful? sure it provides a lot of value but current levels are dotcom top level. Everyone knew internet had value but stocks push it too high

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a day ago | parent | prev | next [-]

[deleted]

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tootie a day ago | parent | prev [-]

Exactly. A 5-10 year timeline and you've got the formula for a new Space Race with China. Give us $7T or else China will control the world.

This 2024 story feels like ancient history that everyone has forgotten: https://www.cnbc.com/2024/02/09/openai-ceo-sam-altman-report...