What happens when Open AI fails? Three shorts I've taken out
The recent frenzy in the media regarding the existential threat to humanity posed by AI has been painful to witness. The BBC, sloppy and credulous, has given a massive amount of airtime to half-witted politicians and self-styled experts talking half-baked nonsense about the unsubstantiated torrent of rubbish spewing out of Silicon Valley. The real threat posed by the AI bubble is, of course, the damage to the world economy that is likely to ensue when it bursts. I say when not if because it seems increasingly clear that the business model of the so-called frontier labs, which are essentially Open AI and Anthropic, has a close to zero chance of achieving anything like the level of return demanded by the insane amounts of capital misallocated to the space.
