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I made a similar comment a few days ago which I’m expanding on here, but looking to be involved in the actual development of AIs is very risky. These are then o
by happytiger 3y ago
I made a similar comment a few days ago which I’m expanding on here, but looking to be involved in the actual development of AIs is very risky. These are then organizations that will have incredible scrutiny from regulators and the public and grapple with the massive ethics issues of developing digital intelligences. They are the “face” companies.
But to own a piece of the “second companies” — the industries that will pop up from the disruption — that’s where the real money will be made. And it’s primarily because the optics of making trillions inside of an AI creating business is essentially untenable investor risk. It’s also just common sense to spread your risk as an investor.
In my mind OpenAI has always been the “profit limited” generator of the change. It’s the lamb not the wolf. Owning a stake in OpenAI itself isn’t important. Creating the change is.
Owning stakes in the companies that will ultimately capture and harvest the profits of the disruption caused by OpenAI is where profits are made. And it’s such a massive disruption you don’t even have to be that close to the source, though it helps.
OpenAI can’t become a profit center while it disrupts all intellectual work and digitizes humanities future: those optics are not something you want to be attached to. There is no flame retardant suite strong enough to survive politically or take profits ethically.
Now the real issue is whether you should be developing the technology with such incredible disruption and be able to position to take profits at all. But ethics are a side concern and the system we are in clearly isn’t prepared to grapple with the impact properly, other than to catalog people for minimum survival incomes. Even now while corporate profits are high, and the stock market is booming, most people on Earth are not sharing in the bounty. And personally, I don’t think we can rely on the architects of disruption to create a sustainable and ethical future that’s fair for everyone no matter how fair or ethical their declared intentions. Even if they are morally pristine they are mortal, and that kind of concentrated wealth and power is a recipe for incredible, unstoppable tyrants.