• @[email protected]
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    20 days ago

    Isn’t it good that the money is being put back into circulation instead of being hoarded? I’m all in for the wealthy wasting their money.

    • @SapphironZA
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      4620 days ago

      The problem is the bulk of it is going to Nvidia.

      • lemmyvore
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        920 days ago

        Well probably not just Nvidia but the next likely beneficiaries are in the same range (Microsoft etc.)

        • @sugar_in_your_tea
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          219 days ago

          The money goes to Microsoft/Google/Amazon/etc, which they goes to Nvidia.

          • lemmyvore
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            118 days ago

            They buy the hardware once then sell services based on it.

            • @sugar_in_your_tea
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              118 days ago

              Sort of, they buy the hardware and sell services, and then buy upgraded hardware. Nvidia is a pretty big part of the sales cycle.

    • finley
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      20 days ago

      Kinda, but it’s like feeding a starving child nothing but candy until they die.

      ¯\_(ツ)_/¯

    • @[email protected]
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      1220 days ago

      I’m willing to bet the vast majority of that money is changing hands among tech companies like Intel, AMD, nVidia, AWS, etc. Only a small percentage would go to salaries, etc. and I doubt those rates have changed much…

      • lemmyvore
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        520 days ago

        They typically use internal personnel and being parcimonious about it so you’re right about that.

    • @where_am_i
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      820 days ago

      Yeah, the brightest minds instead of building useful tech to fight climate change, spend their life building vanity AI projects. Computational resources instead of folding proteins or whatever are wasted on some gradient descent of some useless model.

      All while working class wages are stagnant. And so your best career advice is to go get a random tech degree so you could also work on vanity stuff and make money.

      This is cryptocurrency equivalent. It’s worse than CEOs buying yachts. The latter actually leads to some innovation.

      • @[email protected]
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        119 days ago

        Succesfully creating an actual AGI would be by far the biggest and most significant invention in the human history so I can’t blame them for trying.

        • @where_am_i
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          319 days ago

          A bunch of people fine-tuning an off-the-shelf model on a proprietary task only to fail horrendously will never lead to any progress, let alone AGI.

          So, nobody is trying AGI.

          If all those people would actually collectively work on a large-scale research project, we’d see humanity advance. But that’s exactly my point.

          • @[email protected]
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            18 days ago

            “Nobody is trying AGI” is simply just not true. If you think what they’re doing will never lead to AGI, then that’s an opinion you’re free to have, but it’s still just that; an opinion. Our current LLM’s are by far the closest resemblance of AGI that we’ve ever seen. That route may very well be a dead end but it may also not be. You can’t know that.

            • @where_am_i
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              118 days ago

              Oh gosh, look, an AI believer.

              No, LLM will not lead to AGI. But even if they did, applying existing tech to a new problem only to fail cuz you’re dumb at estimating the complexity does not, in fact, improve the underlying technology.

              To paraphrase in a historical context: no matter how many people run around with shovels digging the ground for something, it will never lead to an invention of the excavator.

              • @[email protected]
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                18 days ago

                Ad hominem and circular reasoning isn’t a valid counter-argument. You’re not even attempting to convince me otherwise, you’re just being a jerk.

    • @[email protected]
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      419 days ago

      The larger issue that people always fail to remember is the energy consumption. We are see massive amounts of electricity.

      One peer-reviewed study suggested A.I. could make up 0.5 percent of worldwide electricity use by 2027, or roughly what Argentina uses in a year. Analysts at Wells Fargo suggested that U.S. electricity demand could jump 20 percent by 2030, driven in part to A.I.

      The wealthy are under sailing like always. Just like we did with cigarettes or burning fossil fuels. We should have learned but it by the time we do, it might be to late.

      https://archive.ph/AqhHz

    • @explodicle
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      320 days ago

      Thats a “Parable of the Broken Window”. They could be spending their money on something actually useful.

      • @sugar_in_your_tea
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        319 days ago

        But they probably wouldn’t, they’d just throw it at gold, crypto, or something else that doesn’t provide any real value.

        • @explodicle
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          118 days ago

          Even stuffing it under a mattress is better than wasting people’s time.