I’m Now Terrified of AI, And You Should Be Too
Reality is hitting home for us all.
I used to think the AI craze would naturally pass. Maybe cause a little economic trouble when the bubble inevitably burst. But I don’t think this anymore. Instead, I now see this AI frenzy as a symptom of something far more insidious, detrimental, and disastrous for society. Sound a little hyperbolic? Well, let me explain.
A few weeks ago, The Information revealed that OpenAI was facing potential bankruptcy, as they were set to post a $5 billion loss by the end of the year. Not only that, but their AI development program costs are set to soar from around $3 billion per year to well over $7 billion per year as they try to build larger, more capable models critical to their growth and survival. In short, OpenAI was bleeding out and waiting to die. But, soon after this revelation, OpenAI announced they were looking to raise $6.5 billion in investment, valuing the company at $150 billion, or nearly double what it was valued at the beginning of the year, and that it is attempting to secure $5 billion in credit from banks. If secured, this would only keep OpenAI afloat for another year, at most. To make matters worse, there is plenty of evidence that, even with these funds, OpenAI can’t manufacture these improved models and can’t reach profitability (which we will discuss further in a…
