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Unfortunately, people naively assume all markets behave like this, even when the market, in reality, is not set up for full competition (due to monopolies, mono
by maest 8mo ago
Unfortunately, people naively assume all markets behave like this, even when the market, in reality, is not set up for full competition (due to monopolies, monopsonies, informational asymmetry, etc).
- XorNot 8mo agoAnd AI is currently killing a bunch of markets intentionally: the RAM deal for OpenAI wouldn't have gone through the way it did if it wasn't done in secret with anti-competitive restrictions. There's a world of difference between what's happening and RAM prices if OAI and others were just bidding for produced modules as they released.