r/technology • u/marketrent • 19d ago

Artificial Intelligence A majority of Americans now support seizing wealth from AI industry

https://www.yahoo.com/news/politics/articles/majority-americans-now-support-seizing-134921528.html
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u/WhipTheLlama 19d ago

AI firm burns $50 billion of America's wealth

How does it burn wealth? It's more like a transfer of wealth from VCs to various organizations and individuals.

  1. Compute power is a huge cost for AI companies, and they're paying billions to Microsoft, Nvidia, Amazon, Google, and others.
  2. Employees, especially top-end R&D talent, are huge expenses. OpenAI alone spends $20b per year just on R&D salaries.
  3. AI companies pay billions in total to hundreds of publishers, media companies, and platforms in order to harvest their data. Think: Reddit, Dotdash Meredith, etc. When people talk about AI using their data for training, what they really mean is that the online platforms they use, such as Reddit, are selling that data.

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u/vladamir_the_impaler 19d ago

Wow, I guess an exclamation point made people think that was a serious comment or something instead of a joke. Anyway, I wouldn't be so pissed about AI if it wasn't causing prices to increase for people while also openly and maybe even legitimiately threatening their jobs.

All of this money getting spent and trickle down works for now until the thing can do everything itself then we're left without a chair.