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Not sure why the government would bother to bail them out. I would imagine Google could take up most of the slack if OpenAI implodes.

by timmg 11mo ago

MangoToupe 11mo ago
You don't typically get to be a successful politician by being skeptical of future industry profits. I suspect the people who run our country tend to be credulous rubes in this regard. Sam Altman is many things, but he appears very good at spelling a narrative about the future of computation and the relative competitive risk of not aggressively pursuing it. Google simply has not taken this approach.
- shortrounddev2 11mo ago
  Does anyone believe this vision anymore though? It's obvious that the current tech is not the path to AGI
  - scotty79 11mo ago
    It's still a path to increasing work efficincy by replacing x% of workers with cheaper AIs. It's bot great but best chance we have of advancement.
  - boppo1 11mo ago
    This is not obvious to laypeople who don't browse hn.
Ekaros 11mo ago
I can see bailing out banks, you need to keep money flowing. Bailing out something like auto industry. Lot of employees with non-transferable skills and restructuring will be mess. With AI? Well just sell the assets in bankruptcy. Models can be sold, hardware and infra can be sold, IP and brands too can be sold. Employees, they have mostly transferable skills and are mobile already. Even if AI companies fall, other people can pick up the pieces if there is something valuable left. Market might be affected. But I don't think it is only domino.
- scotty79 11mo ago
  > With AI? Well just sell the assets in bankruptcy. Entire stock market will tank and a lot of very rich people will lose a lot of money. So government won't let that happen.
  - Ekaros 11mo ago
    Wouldn't a bailout worthy event already lead to stock market crash? Basically market run would be triggered if there was something that warranted a bailout. So would there be much to bailout to still prop-up the market?
    - scotty79 11mo ago
      I think the stock market prices in the value of being "too big to fail". So bailing out might actually cause the stock to appreciate because uncertainty about the possibility of bailout suddenly disappears in a positive manner.
watwut 11mo ago
Cause goverment loves them grifters and once they are bailed out they will gift things to the king personally. Otherwise said, high level corruption that is not even hidden these days.
rich_sasha 11mo ago
"oh the US cannot afford to lose the AI race to China, Mr President"

Not sure why the government would bother to bail them out. I would imagine Google could take up most of the slack if OpenAI implodes.

by timmg 11mo ago

Not sure why the government would bother to bail them out. I would imagine Google could take up most of the slack if OpenAI implodes.

MangoToupe 11mo ago

You don't typically get to be a successful politician by being skeptical of future industry profits. I suspect the people who run our country tend to be credulous rubes in this regard. Sam Altman is many things, but he appears very good at spelling a narrative about the future of computation and the relative competitive risk of not aggressively pursuing it. Google simply has not taken this approach.

shortrounddev2 11mo ago
Does anyone believe this vision anymore though? It's obvious that the current tech is not the path to AGI
- scotty79 11mo ago
  It's still a path to increasing work efficincy by replacing x% of workers with cheaper AIs. It's bot great but best chance we have of advancement.
- boppo1 11mo ago
  This is not obvious to laypeople who don't browse hn.

Ekaros 11mo ago

I can see bailing out banks, you need to keep money flowing. Bailing out something like auto industry. Lot of employees with non-transferable skills and restructuring will be mess. With AI? Well just sell the assets in bankruptcy. Models can be sold, hardware and infra can be sold, IP and brands too can be sold. Employees, they have mostly transferable skills and are mobile already. Even if AI companies fall, other people can pick up the pieces if there is something valuable left. Market might be affected. But I don't think it is only domino.

scotty79 11mo ago
> With AI? Well just sell the assets in bankruptcy. Entire stock market will tank and a lot of very rich people will lose a lot of money. So government won't let that happen.
- Ekaros 11mo ago
  Wouldn't a bailout worthy event already lead to stock market crash? Basically market run would be triggered if there was something that warranted a bailout. So would there be much to bailout to still prop-up the market?
  - scotty79 11mo ago
    I think the stock market prices in the value of being "too big to fail". So bailing out might actually cause the stock to appreciate because uncertainty about the possibility of bailout suddenly disappears in a positive manner.

watwut 11mo ago

Cause goverment loves them grifters and once they are bailed out they will gift things to the king personally. Otherwise said, high level corruption that is not even hidden these days.

rich_sasha 11mo ago

"oh the US cannot afford to lose the AI race to China, Mr President"