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Facebook may be doing the right thing in this case, but for wrong reasons. If a restaurant chain with deep pockets opens a restaurant in your area and starts s
by akudha 3y ago
Facebook may be doing the right thing in this case, but for wrong reasons.
If a restaurant chain with deep pockets opens a restaurant in your area and starts selling food at a loss (because they can afford to do so, at least short term) in order to kill your beloved local mom and pop restaurants, should they be praised for it? This is how Walmart built their empire destroying countless small family owned businesses. The difference in the AI business is the scale of the fight. There are just no good guys in this, Facebook or OpenAI.
This is just a ruthless commercial move, not done out of the goodness of Mark's heart.
- andruby 3y agoIKEA selling cheap food in their restaurants is actually a rather fair comparison, and one they were criticised for on several occasions. We do have some legislation that tries to prevent businesses for selling things under the cost to combat this.
- hatenberg 3y agoThe META IKEA is giving away free, high qualit food across the entire economy is the better equivalent.
- snapcaster 3y agoSo what? The alternative is ClosedAI who will never ever ever release anything meaningful in terms of foundation models
- pests 3y agoWalmart getting that rep is so odd to me. I read the Sam Walton autobiography and providing low cost goods with lots of options was one of the key benefits they provided smaller towns in Arkansas. The other chains couldn't operate at a profit due to the smaller customer base. He was constantly trying to optimize his stores and dropping in on his locations daily. Because they were oroginally so far apart, in order to save driving time he learned to fly a plane and would just land in the field behind the store. Constantly shopping competitors to see what they are doing better and how he could improve. Originally store staff and towns welcomed the stores and him with open arms. How times change.
- meiraleal 3y agoYour comparison with local mom and pop restaurants doesn't make sense because Meta competes with the likes of openAI, Microsoft, Amazon, Google.