OpenAI spends about $700,000 a day, just to keep ChatGPT going. The cost does not include other AI products like GPT-4 and DALL-E2. Right now, it is pulling through only because of Microsoft's $10 billion funding
Does it feel like these “game changing” techs have lives that are accelerating? Like there’s the dot com bubble of a decade or so, the NFT craze that lasted a few years, and now AI that’s not been a year.
The Internet is concentrating and getting worse because of it, inundated with ads and bots and bots who make ads and ads for bots, and being existentially threatened by Google’s DRM scheme. NFTs have become a joke, and the vast majority of crypto is not far behind. How long can we play with this new toy? Its lead paint is already peeling.
I read an article about the bot collapse. Basically companies use bot to buy add space on websties. Google uses a bot to match adds to websites. Now we have a massive influx of AI made pages. Literally pages of bs just to make more add space that a bot will sell to another not. It is bots all the way down.
I wouldn't put nfts in the same boat as the dotcom bust. The dotcom thing was way bigger. Most people didn't do anything with nfts. Crypto seems in between. The AI thing seems similar though.
As for the pace, I think the US financial services industry has been on a growth spree for decades and they’re desperate to find the new thing that will make them money. It’s like ed edd & eddy but with the PC, internet, dotcom, internet service, social media and now crypto