The Intelligence from The Economist Bulls’ AI: funding artificial intelligence
Sep 23, 2024
In this discussion, Henry Tricks, US tech editor and AI expert, sheds light on how OpenAI is revolutionizing investment dynamics in Silicon Valley. Anton LaGuardia, a diplomat editor, warns of rising nuclear threats amidst shifting global power. Meanwhile, astrologer Helena Woods introduces an intriguing twist—using astrology for electoral predictions. Together, they explore the competitive landscape of AI funding and the pressing need for robust nuclear strategies in today's geopolitics.
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OpenAI's Impact
- OpenAI's dominance in AI is changing Silicon Valley's investment landscape.
- Huge investments are required, pushing out traditional venture capitalists.
Shifting Investment Landscape
- OpenAI's massive funding needs are changing Silicon Valley investment rules.
- Big tech companies like Microsoft are becoming primary funders due to the high capital requirements.
Spiraling AI Costs
- Training large language models is becoming exponentially more expensive.
- Costs are projected to rise from millions to potentially billions of dollars soon.