3 ms·
Doesn't it hold true for investment in AI (or potentially any other industry that experiences a boom) in general? Anyone who bought in at the ground floor is n
by jacobgkau 2y ago
Doesn't it hold true for investment in AI (or potentially any other industry that experiences a boom) in general?
Anyone who bought in at the ground floor is now rich. Anyone who buys in now is incentivized to try and keep getting more people to buy in so their investment will give a return regardless of if actual value is being created.
- dartos 2y agoIf effect, kind of. The money being invested does not go directly to investors. It goes to the cost of R&D, which in turn increases the value of openai shares, then the early investors can sell those shares to realize those gains. The difference between that and a ponzi is that the investment creates value which is reflected in the share price. No value is created in a Ponzi scheme. The actual dollar worth of the value generated is what people speculate on.
- zekica 2y agoOnly a part of the value is created in OpenAI's stock valuation. Most of it is still a ponzi-like scheme.
- dartos 2y agoI have no love for openai, but they did make the fastest growing product of all time. There’s value in being the ones to do that. I do agree it’s a very very thin line.
- CRConrad 2y ago> but they did make the fastest growing product of all time. There’s value in being the ones to do that. Aha: So if my future line of Covid Cancer Candy takes off even faster, there's "value" in that, too? What kind of value, exactly? Does the value of being "the fastest growing product of all time" not at all depend on what kind of product it is?
- deleted 2y ago[deleted]