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Another way of rephrasing that though is that the public (including large pension funds, retirees, etc.) just dodged a bullet and aren't left holding the bag.
by hannofcart 2mo ago
Another way of rephrasing that though is that the public (including large pension funds, retirees, etc.) just dodged a bullet and aren't left holding the bag.
Nevertheless, I doubt anyone's going to emerge unscathed when the valuations start falling though. Vast sections of the American stock market will be wiped out yet and with it the global economy.
- culi 2mo agoWhy do you assume 2-3 American companies failing will have a more negative impact on the economy than positive impact of the widespread availability of self-hostable, open-sourced, and efficient models? There will surely be tons of new companies that make a business off of hosting these models and even tuning them for specific purposes. Not to mention the massive pricing difference will benefit people who actually utilize them
- hannofcart 2mo agoFirstly, I don't think it will be just 2-3 companies that fail. Due the circular investing between companies in the AI ecosystem, the fallout is going to be much bigger. Secondly, even with that being true, I think open models are a great net benefit for all mankind in the long run. I think both of those things are true at the same time.