| ▲ | mbgerring 3 hours ago |
| Weird, I thought AI was going to create so much economic surplus that we wouldn’t know what to do with it. What happened? |
|
| ▲ | sonofhans 3 hours ago | parent | next [-] |
| It is happening, just as planned and predicted. Last I checked every so-called AI company is swimming in cash, and so are their founders and leaders. You didn’t think the economic surplus would be evenly distributed, did you? |
| |
| ▲ | avaer 3 hours ago | parent | next [-] | | Some people said in their manifestos that AI was going to be Open and democratized and would benefit all of humanity. It was 100% a rugpull but charitably not quite 100% predictable. | | |
| ▲ | refulgentis 3 hours ago | parent [-] | | What people? What do you mean by "open"? By "open" did those people mean "free as in beer"? What does rugpull mean in this context? | | |
| ▲ | irjustin 3 hours ago | parent | next [-] | | OpenAI was originally founded on the parent's concepts, but obviously that changed at some point. Currently, Elon is suing Altman because Altman turned it for profit. Oddly, in that Elon is taking the moral road? | | |
| ▲ | happymellon 3 hours ago | parent [-] | | > Oddly, in that Elon is taking the moral road? Holding other people to standards he wouldn't hold himself to? Sounds totally on-brand. |
| |
| ▲ | 3 hours ago | parent | prev | next [-] | | [deleted] | |
| ▲ | avaer 3 hours ago | parent | prev [-] | | I was talking about OpenAI, referencing their original mission statement. Other companies have said similar things. Rugpull means they "pulled the rug out" from underneath those who believed their mission statement, and decided instead to take over the world and screw everyone else. |
|
| |
| ▲ | pilgrim0 3 hours ago | parent | prev [-] | | Swimming in borrowed or imaginary cash without any hope of paying it back in the foreseeable future. | | |
|
|
| ▲ | visarga 3 hours ago | parent | prev | next [-] |
| > Weird, I thought AI was going to create so much economic surplus that we wouldn’t know what to do with it. What happened? The surplus is converted in new structure and becomes baseline. Even if a company does not change, their competition does (with AI), and their customers & investors change their values as well. So the structure in which the company exists has changed. That forces everyone to adapt, but most importantly surplus cannot be captured. Everyone is working harder just to stay in place. AI is like internet, Google search and MS office - everyone has them. They provide no competitive advantage, no moat for using them. |
|
| ▲ | bigdubs 3 hours ago | parent | prev | next [-] |
| Straight into landlord's pockets. |
|
| ▲ | moonraker 3 hours ago | parent | prev | next [-] |
| That's a multi-decade phenomenon based on historical precedents (in the best case scenario). Ultimately, whether that "best case" manifests is dependent on whether SF residents want it badly enough. It's a matter of political will -- residents' Progressive values have to actually align with how they vote and act (over the long-term) |
|
| ▲ | Mistletoe 3 hours ago | parent | prev | next [-] |
| Same place it always goes, yachts. |
|
| ▲ | bloodyplonker22 3 hours ago | parent | prev [-] |
| Please read the actual article instead of blindly responding to the title. |
| |
| ▲ | mbgerring 3 hours ago | parent | next [-] | | I did read it, what do you think I missed? The article very clearly and explicitly made the point that despite huge speculative funding for an influx of AI startups, San Francisco’s economy isn’t doing all that well. Which I can confirm, as a longtime and current San Francisco resident. | |
| ▲ | anon84873628 3 hours ago | parent | prev | next [-] | | To be fair, the article hardly says anything more than "the middle class of the city has hollowed out". | |
| ▲ | jibal 2 hours ago | parent | prev [-] | | https://news.ycombinator.com/newsguidelines.html > Please don't comment on whether someone read an article. "Did you even read the article? It mentions that" can be shortened to "The article mentions that". |
|
