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> The fund aims to make Abu Dhabi a central hub for AI development, leveraging the country's financial resources and political backing. Raise your hand if you'
by smoldesu 3y ago
> The fund aims to make Abu Dhabi a central hub for AI development, leveraging the country's financial resources and political backing.
Raise your hand if you've heard this one before, and then keep your hand raised if you've ever seen it work.
- oldpersonintx 3y ago[dead]
- artninja1988 3y agoWhy not? They have cheap electricity and maybe even the political will to introduce some generous text and data mining exemptions, like Japan and Israel for example. Having legal certainty around Copyright seems like a big deal to me
- smoldesu 3y agoGenerally I'm not one to look down upon location-based startups, but the UAE has funded hundreds of such moonshots. They're an importer-state, which isn't a bad thing in a globalized economy but definitely presents it's problems when you want to foster innovation. Today it's cheap to buy OpenAI lunch, but Sam doesn't mince words when he's asking for trillions of dollars. This is a money-pit project that is being solved by throwing money at the problem. Sam Altman is appealing to desperate audiences. There's definitely the willpower to make this happen, but seriously I doubt Abu Dhabi is any better positioned to outsmart Nvidia and TSMC than the rest of the market is. It would shock me if this played out any different from the other attempts to depose the current leaders.