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Big tech has spent $155 billion on AI this year. It’s about to spend hundreds of billions more
(www.theguardian.com)
this post was submitted on 02 Aug 2025
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It’s the most inefficient technology but praised as the most efficient because it simply runs on investor money. But that well will run dry eventually and who will bear the cost then? Consumers without jobs?
I disagree a bit. Any money the ultra-rich invest into research is better spent than on their next Mega-Yacht. Even if AI cannot meet the expectations of AGI etc.
This research is cooking us alive right now and for what? So machines can do all the creative things while we fight for scraps? I‘d rather the overly rich spend it on something harmless but silly. At least the average joe can make a living producing luxury items. As grim as it sounds but that‘s preferable to what‘s coming.
I believe that we are not yet in the end stage of AI. LLMs are certainly useful, but they cannot solve the most important problems of mankind.
More research is required to solve e.g. a) Sustainable Energy Supply b) Imbalanced demographies of industrialized countries c) Treatment of several diseases
Like it or not, AI that can do research for us, or even increase efficiency of human researchers, is the most promising trajectory for accelerating progress on these important problems.
Right now, AI has not exceeded this scope. Yeah, AI can generate quite realistic fake videos. But propaganda has been possible before (look at China, Russia or Nazi Germany - even TikTok without any AI is dangerous enough to severely threaten democracies).
As a researcher in the domain, let me tell you that no one who seriously knows about video generation etc. is afraid of the current state of AI
It's spent on NVidia GPUs. Jensen Huang just buys leather jackets from what I can tell.