My pet theory about why Anthropic and Open AI are pushing for a “pause” is because they are trying to angle for a government bailout before their bubbles pop.
My pet theory about why Anthropic and Open AI are pushing for a “pause” is because they are trying to angle for a government bailout before their bubbles pop.
I very openly believe and evangelize that OpenAI prepping to go public is what triggered the wave of calls to pause R&D. They are in a hole so big that they’ll take a 1/3rd of the economy with them when they go belly up. The other big tech firms are probably all in the same boat. However, none of them can afford the public perception of being the first to flinch and cut back on AI research. So, they are angling for the government to step in and force everyone to cut their R&D budget all at the same time, so no one has to save face.
NVIDIA will be fine and is most of that once all the circular BS dissolves, in a gold rush, sell shovels.
Didn’t they sell thise shovels on credit though?
Oh yeah, but don’t worry, they also provided some of that credit…