alt Hacker NewsIs it not a case of many funders don't want to risk missing out on the next big thing? And a loss of a few billion now is better than the loss of many billions down the line and control of the future?
Is it not a case of many funders don't want to risk missing out on the next big thing? And a loss of a few billion now is better than the loss of many billions down the line and control of the future?
Of course the motivation makes sense on the surface. What I'm getting at is that the supply of capital vs the supply of potential "control of the future" plays feels incredibly imbalanced. Money seems to be so desperate to move into AI it's lost all prudence (the particular people and company mentioned in the OP nonwithstanding, maybe they do deserve 1B).
"not wanting to risk missing out" is essentially just FOMO right? "Smart" money has feels more like FOMO money these days. We literally have shoe companies savying they're going to pivot to AI and having their market cap increase in multiples as reward.