Anthropic’s IPO is theater of the fiscally absurd with a dollop of masochism and misanthropy, providing the opportunity to make a questionable investment in a technology that potentially leads to one’s own and humanity’s destruction.
The problem with technology is that it can be utilized either as a tool or a weapon. Man has quite often shown to be irresponsible and immoral in its implementation often with catastrophic
The hallmark of the human species, and Man in particular, is that it and he wait too long to get going. We're on the roller coaster, and the train has left the station. See: Gary Larson and "Night of the Crash-test Dummies".
After reading Bill's dismal assessment of AI, especially the very real possibility that some bad actor will misuse its capabilities to humanity's determent not to mention the likelihood that the firms peddling it will never recover their costs much less generate a profit, it makes me wonder what will happen to all the massive buildings housing the the gazillion chips telling the curious how to end mankind.
The massive buildings will turn into indoor soccer arenas or flea markets. The infrastructure to support these behemoths will be left holding the bag for the billions of investment spent to support them. Contracts are in place for "protection" of both parties but those contracts are worthless when one entity desires to file for bankruptcy. The other party who spent billions on capital to support them will he left with billions of assets unpaid for and no longer needed, and then they will be straddled with tremendous debt. Who will bale them out.. well that answer is you and me. Way too many utilities outside the high tech industry are going out on a limb for this yet to make a profit high tech industry. Ain't gonna be pretty if and when it comes apart..
There is already experience with real estate that once had economic value - malls. From what I read, only about one quarter of closed malls are repurposed; the rest stand empty and decaying.
But there may be a benefit to those who live close to the AI data centers - the neighborhoods will be quieter once the cooling fans are turned off.
Excellent article Bill. The whole shebang is just to crazy to come up with a comment that does it justice, but nice try Bill. Meanwhile the EU is busy burning their infrastructure. Spain is crashing high speed trains. The only thing that tops this show was the tulip rage but this one isn't over yet so who knows which one is the actual winner? I think they need to add a few more zeros to the net asset value for and additional emphasis.
I saw this movie series. Sarah Connor and her son John will save us. Nothing to worry about.
Anthropic’s IPO is theater of the fiscally absurd with a dollop of masochism and misanthropy, providing the opportunity to make a questionable investment in a technology that potentially leads to one’s own and humanity’s destruction.
The problem with technology is that it can be utilized either as a tool or a weapon. Man has quite often shown to be irresponsible and immoral in its implementation often with catastrophic
consequences.
So both Anthropic and Big Harma disclose reams of side effects with their products, the main difference between them is the speed of the kill.
The hallmark of the human species, and Man in particular, is that it and he wait too long to get going. We're on the roller coaster, and the train has left the station. See: Gary Larson and "Night of the Crash-test Dummies".
After reading Bill's dismal assessment of AI, especially the very real possibility that some bad actor will misuse its capabilities to humanity's determent not to mention the likelihood that the firms peddling it will never recover their costs much less generate a profit, it makes me wonder what will happen to all the massive buildings housing the the gazillion chips telling the curious how to end mankind.
The massive buildings will turn into indoor soccer arenas or flea markets. The infrastructure to support these behemoths will be left holding the bag for the billions of investment spent to support them. Contracts are in place for "protection" of both parties but those contracts are worthless when one entity desires to file for bankruptcy. The other party who spent billions on capital to support them will he left with billions of assets unpaid for and no longer needed, and then they will be straddled with tremendous debt. Who will bale them out.. well that answer is you and me. Way too many utilities outside the high tech industry are going out on a limb for this yet to make a profit high tech industry. Ain't gonna be pretty if and when it comes apart..
There is already experience with real estate that once had economic value - malls. From what I read, only about one quarter of closed malls are repurposed; the rest stand empty and decaying.
But there may be a benefit to those who live close to the AI data centers - the neighborhoods will be quieter once the cooling fans are turned off.
They will become your local mauseleum.
They will become mauseleums.
Excellent article Bill. The whole shebang is just to crazy to come up with a comment that does it justice, but nice try Bill. Meanwhile the EU is busy burning their infrastructure. Spain is crashing high speed trains. The only thing that tops this show was the tulip rage but this one isn't over yet so who knows which one is the actual winner? I think they need to add a few more zeros to the net asset value for and additional emphasis.
I liked yesterday’s hula dancing trees. It is windy in Florida and I watch the same thing every morning; the cypress are most impressive dancers.