this post was submitted on 27 Jun 2024
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the_dunk_tank

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It's the dunk tank.

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[โ€“] GenXen@hexbear.net 11 points 4 months ago (1 children)

I have wonder that while I have no doubt that Altman (a finance guy) has little to no actual understanding of "AI", whether he truly believes these claims. The business relies on securing astronomical amounts of venture capital, practically requiring anywhere between bold embellishment and outright lies. So what's the repercussions for the latter? As long as you let the real wealth pull out their investment before the bottom falls out and let the retail investors take the hit, probably zero. Even if you don't do that, at worst you get a short stay in Club Fed like Holmes. On the other hand, I'm still fairly skeptical that any valley finance guy is actually that cognizant.

[โ€“] plinky@hexbear.net 12 points 4 months ago

he is a hype guy, not a finance guy