this post was submitted on 26 Oct 2024
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What I don't understand is what's the game plan for all of this. The oligarchs are not the type to just burn their money for fun. Altman and Altman-wannabes, I can understand. They have an incentive to execute what is essentially and pump and dump and leverage other people's money for personal benefit.
But companies like microsoft? Is their plan to keep plowing tens of billions of dollars into "AI" in hopes of eventually discovering/creating the "next IT revolution"?
They have to want a return. Even Zuck eventually stopped burning billions on his metaverse fetish (and he has full cart blanch on FB's shareholders money).