This is Capitalism working as intended - resources (RAM) are allocated to those which can extract most value from them (AI labs)

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kubb 7 hours ago | parent | next [-]

You mean those who can pay the most for them? Value is not in the picture here.

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_0ffh 7 hours ago | parent | next [-]

They can only pay so much because of the expectations about the generated value. Those might turn out wrong, as any expectation, but value is very much in the picture.

	▲	kubb 6 hours ago \| parent [-]
		If by value you mean profit, but that's a conflation that you shouldn't be making. Often profit is generated by actively harming people (eg. human trafficking).

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hmate9 7 hours ago | parent | prev | next [-]

You can pay the most if you can get the most value out of it

	▲	adrian_b 7 hours ago \| parent [-]
		No, you pay the most if you believe that you might get the most value out of it. Moreover, the AI companies have not bought anything with their own money, but with the money of naive investors who believe that their money will be used by the AI companies to buy things out of which they will be able to get the most value. So for now, this is strictly only speculation, which has driven the prices sky high. It remains to be seen who will really get any value (besides Micron, NVIDIA and the like, who have got good money for their products).

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nok22kon 6 hours ago | parent | prev [-]

in Capitalism value=profit

	▲	kubb 6 hours ago \| parent [-]
		OK I accept this definition for the scope of this comment, but there's no profit on the horizon.

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adrian_b 7 hours ago | parent | prev [-]

Yes, Capitalism is working by a mechanism where some people have access to huge fictitious resources, a.k.a. money, for whom they have never given anything equivalent in exchange, and they use those fictitious resources to outbid the other people and take possession of the real physical resources, which they can use then to make more money, in a positive feedback loop.

Money was supposed to be a means by which it is recorded what someone has given to others, so that they may receive equivalent resources in return. But now money has retained this function only for employees and other low-income categories.

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nok22kon 6 hours ago | parent [-]

so you are against lending, stock markets and investing in general? because they are all based on "give me money today and I promise I will give you more money back tomorrow"

	▲	deaux 4 hours ago \| parent [-]
		Doesn't sound like it to me. > where some people have access to huge fictitious resources The "huge" adjective seems to be the core of the problem.