The AI Dumpster Fire
Notes from https://youtu.be/zDtvrme-L-0?is=U3IvdLnC3Rnfd37- With nearly $3 trillion in AI investment on the line, taxpayers shouldn't be worrying about the return on our investment—we should be worrying about the return of it. Everyday citizens will pay dearly for this inferno. Today’s tech billionaires are playing a familiar game: privatizing profits while socializing costs and losses. Despite sky-high market valuations, internal warnings are leaking out. Reports reveal that OpenAI’s Chief Financial Officer cautioned CEO Sam Altman about the company's aggressive spending plans. While Altman publicly praises the transformative potential of AI, internal messaging to investors paints a far more precarious financial reality. Recent web-traffic tracking data from analysts at Similarweb (via Momentic) shows OpenAI capturing 53.9% of worldwide chatbot visits, followed by Google Gemini at 27.9% and Anthropic's Claude at 9.2%, with smaller players splitting the rem...