In large part that’s because it’s hard to invest in a world where the exponential continues and open models never close thr gap. The value js just chips, energy, data centers, and the labs themselves.
ECONOMY
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Hope that AI exponential growth ends soon not materializing
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There is a ton of money riding on the hope that the exponential curve the Big Three Labs are on will end soon If that happens, small and open models become viable, businesses get time to react, costs drop & the world gets weirder more slowly. But that isn’t happening so far.
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Economic exploitation of unique signals: LangChain Labs study
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We partnered with @FireworksAI_HQ to answer the following question… How can we economically exploit important signals from each unique trace while maintaining state-of-the-art performance? Read our LangChain Labs study
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Gary Marcus: AI revenue depends on sustained tokenmaxing
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“If tokenmaxing is not sustained … then these [AI] companies are probably not going to make the revenue that they thought," – @garyMarcus
@CBCNews
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Altman: AI debate over, powerful systems to reshape economy and science
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Sam Altman made a notable statement at the G7 summit. Altman said that the debate over whether AI is useful is over, arguing that far more powerful AI systems will emerge in the coming years. He also suggested that AI could reshape both the global economy and scientific
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AI does not replace humans: the low human added value
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The big problem with all those who say that AI does not replace humans is that their argument relies on the fact that the remaining human part in a production process has value. That's a mistake: the human part actually has low added value.
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AI slashes transaction costs, Coase theory predicts end of companies
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AI slashes transaction costs, so per Coase's theory it'll be the end of companies.
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Trump restricts foreigners’ access to AI models, Anthropic targeted
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AI labs are built on foreign talent. That's a fact. Now the US is apparently testing restrictions on 'foreign persons' access to cutting-edge models. 'The Trump administration seems to have targeted only Anthropic
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Public trust in AI fades as benefits perceived for elites only
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The public has lost trust in AI.
@IrenaCronin and I write this newsletter every week.
Public trust could become one of AI’s biggest challenges. People may push back if they think AI only helps big companies, wealthy investors, or government agencies. For AI to be -
OpenAI and Anthropic may never be profitable, but investors don’t care
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Between high costs, Chinese competition and the death of tokenmaxxing, OpenAI and Anthropic may well never be profitable in a sustained way — but the good news for them is that investors obviously don’t care about any of that anymore!