tldr: they are trying hard to change S&P500 inclusion rules so that they dont have to wait 12months after going public so they can list mega-ipo asap in force index funds to buy a portion (presumably before revenue exponential growth settles and profits start tanking due to opensource catching up). They know something that we dont.

btw if they are public and part of S&P500 then potentially they'll be a candidate for a bailout.

Oh an wait till ad companies start selling your healthcare data and you will see how fast things turn 'given a choice'.

Let me put it this way, IF AI is a bubble then I'd like it to go bust asap instead of dragging along and going public and then us discovering BS/creative accounting revenue in S1 filings. by then it would be much worse. Right now VCs and PE firms will absorb it all.

The thing with dot-com was that there was actual public market corruption & euphoria. that caused the bust painful for everybody. RN its bigtech & PE how has heavy cash reserver and margins to bun through. I'd much rather have them take it then average 401k.

BTW its not just left here, I originally hail from India and you can feel the pin-drop silence from left on Iran there too. They just hope the rebellion gets crushed by regime like other ones and they'll pretend status quo.

My TLDR takeaway: Muslims only care about when they are oppressed & Left is completely aligned with them right now.

Asking 300M people to leave country and move to europe instead of fixing problems here is just stupid and at best a shoddy attempt at victim blaming.

... It then occurred to me that they (all major AI companies) know all of these facts (uneconomical costs) but still pushing for it so there must be another reason. Then I recalled the offhand statement from the openAI lady about govt backstop for infra, which was strongly opposed by public and AI czar. this might be be a backdoor way of injecting that backstop capital in terms of subsidies now for results in 5 years or so. and needless to say after pilot programs those will fail spectacularly.

It then occurred to me that they (all major AI companies) know all of these facts but still pushing for it so there must be another reason. Then I recalled the offhand statement from the openAI lady about govt backstop for infra, which was strongly opposed by public and AI czar. this might be be a backdoor way of injecting that backstop capital in terms of subsidies now for results in 5 years or so. and needless to say after pilot programs those will fail spectacularly.