Singularity
A Response to Bernie's AI Wealth Fund Plan
Quick take on why the mechanism is the wrong tool even though the goal is right: A one-time 50% equity grab assumes today's leaders are the permanent winners. OpenAI could be the Netscape of this era and get displaced by a lab that doesn't exist yet. It never defines what an "AI company" even is. Alphabet is mostly an ad business that owns a top lab, Nvidia isn't a lab but makes most of the hardware, Salesforce is automating knowledge work without training its own models. Where's...
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