this post was submitted on 04 Oct 2023
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Technology
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This whole thing is basically a nonstory when you realize how much money is in tech. Meta changed their name and sank billions on an idea that everyone thought was stupid from the beginning, and they're still fine.
Putting a billion into the flavor-of-the-month that has like 10% chance to be the next big thing is a no-brainer when you're printing multiple billions in profit doing nothing, and have a lot more cash on hand.
The real story, is how wealth inequality and monopolies have essentially allowed the rich to waste tons of money chasing more wealth while having almost no incentive to provide value to society. Who gives a fuck about hallucination and prompt injection? It's all trivial details that VCs are giving away billions to eventually solve.
Well put with that relevant user name for the Dem who cemented wealth inequality with Nafta that Reagan had worked so hard to get the ball rolling on.