Daily Caller: AI behemoth OpenAI tried to lay the groundwork for a taxpayer-funded bailout Wednesday and was met with swift condemnation.
The Wall Street Journal published a story Sunday suggesting that OpenAI has now become “too big to fail.” In other words, if the company were to go under, it would be such a blow to the U.S. economy that the government would have to intervene and save it; otherwise, there might be a spiraling drain effect that sucks down the entire system. A domino effect from hell.
OpenAI’s CFO, Sarah Friar, seemed to test-pilot the idea at a Wall Street Journal conference Wednesday, saying that the company wants to build up an ecosystem of banks, private equity groups, and a federal government “backstop” or “guarantee” to help build and finance the crucial data centers.
There was swift backlash on social media, however, which forced OpenAI to do some cleanup. more
h/t Joe6pak
Calling Sarah Conner…
I’ve read a couple articles that are quite critical of how much money the AI industry is committing to new construction and estimating how much they may bring in once the facilities are operational. And there is a belief that there is no way the AI industry as a whole will bring in anything close to what is being invested. On top of that by the time these facilities are operational and considering the technology is evolving so quickly much of what is being built will be obsolete before they come close to paying off the investment. I think there will be big time losers in this, and it better not be the taxpayers!
The government already steals my tax dollars.
I’ve never voluntarily given them any money.
Correct me if I am wrong, but isn’t most of what AI is doing is search the Web faster than a person could?
I have read that ChatGP relies heavily on Wikipedia. Does that just mean AI is able to search multiple sources at once, not that it is thinking itself? If that is the case, then what is the big deal if AI falls by the wayside?
Who taught it how to float trial balloons?
We didn’t have AI five years ago, at least not significantly. We don’t need it. Also, Grok for example is owned by a profitable company and doesn’t need taxpayer support. I imagine many of the others, Google, for example, also are choosing to offer AI because they believe it will be profitable for them. So with multiple companies, there is absolutely no reason for gov’t funding. None at all.
Perhaps there will be a need for the gov’t to referee – and that is the primary purpose under the Constitution, along with defense. But the Constitution never intended for gov’t to support any sort of enterprise.
LCD – We didn’t have AI five years ago, at least not significantly. We don’t need it.
AI didn’t make this country the greatest nation on Earth over the past 249 years either.
How about we just pull the plug on this thing, being we really don’t know what the ultimate consequences will be and stop trying to create “god”.
AI is just a web crawler as far as I can see. It is very rapidly becoming self referential and eventually if allowed to continue in its current manner will become entirely self referential. Once this happens it will very much resemble a self licking ice cream cone. Fully hallucinatory and of no use to anyone at any time for anything.