Big Technology Podcast
Economics of OpenAI, Tesla’s Robotics Pivot, Hedonic Treadmill — With Slate Money
May 8, 2024
Felix Salmon, Chief Financial Correspondent at Axios, Emily Peck, Markets Correspondent at Axios, and Elizabeth Spiers, Contributing Writer for the New York Times Opinion, dive into the economic implications of AI and robotics. They dissect OpenAI's vast investments and Tesla's robotics pivot while examining societal impacts like the hedonic treadmill. The trio also tackles the complexities of retirement and wealth's effect on happiness, challenging conventional views on financial security and future job landscapes.
51:25
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Quick takeaways
- Investors question AI startups' profitability due to massive investments, highlighting uncertainties in AI economics.
- Tesla's shift to robotics, aiming to revolutionize industries through advanced technology, poses competition challenges for startups in the AI market.
Deep dives
AI Investment Trends and Business Uncertainties
Investors are pouring trillions into AI startups with unclear business outcomes. Sam Altman proposed raising $7 trillion for AI infrastructure, a figure seemingly beyond comprehension. The discourse surrounding the economics of AI focuses on whether marginal revenue will exceed marginal cost, leading to profitability. However, conflicting narratives suggest disparities in the feasibility of such massive investments.
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