Navigating the Tech Hype Bubble

Altman's on a spending spree for AGI – why the huge price tag? Mike's back from NYC with juicy API gossip, and we break down the incentives pumping up a giant AI bubble.

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• 'Belligerent' United Airlines passenger hit with $20K fine, TSA says — United Airlines passenger had been in custody since the March 1 incident
• <a href="https://twitter.com/tsarnick/status/1785838281671975136?t=E9EIlRX-vHxbQ8g23lQU3A" title=""Sam Altman: I don't care if we burn $50 billion a year"" rel="nofollow">"Sam Altman: I don't care if we burn $50 billion a year" — Sam Altman: I don't care if we burn $50 billion a year, we're building AGI and it's going to be worth it
• Sam on GPT4 — GPT4 is "the dumbest model any of you will ever have to use again... by a lot"
• The Possibilities of AI [Entire Talk] - Sam Altman (OpenAI) - YouTube — Sam Altman is the co-founder and CEO of OpenAI, the AI research and deployment company behind ChatGPT and DALL-E. Altman was president of the early-stage startup accelerator Y Combinator from 2014 to 2019. In 2015, he co-founded OpenAI as a nonprofit research lab with the mission to build general-purpose artificial intelligence that benefits all humanity. In this conversation with Stanford adjunct lecturer Ravi Belani, Altman gives advice for aspiring AI entrepreneurs and shares his insights about the opportunities and risks of AI tools and artificial general intelligence.
• Microsoft, Meta, and Alphabet disclosed that they had spent $32B+ combined on data centers and other capital expenses in Q1, as they accelerate AI spending — The spending that the industry’s giants expect artificial intelligence to require is starting to come into focus — and it is jarringly large.
• @shiraovide • For a sense of how bonkers the money is — Google and Microsoft combined spent $26 billion IN THREE MONTHS on computer chips, servers, data centers and other big ticket costs.
• "BlackRock CEO Larry Fink: "In developed countries the big winners are... — BlackRock CEO Larry Fink: "In developed countries the big winners are those with shrinking populations.. They'll rapidly develop robotics/AI.. transform productivity.. elevate living standards.. substitute humans for machines"
• Apple Vision Pro a big hit in enterprise — There isn't a line item in Apple's earnings for Apple Vision Pro, but CEO Tim Cook shared a tidbit of interest during the Q2 earnings call. He said Apple Vision Pro has been purchased by half of Fortune 100 companies.