I think this is broadly correct. Investors in AI labs early on likely viewed their investment more like a donation than a traditional financial transaction.
My point is more narrow. That RSI → homogeneous product → low profit margins in the long run assuming similar hardware and data availability. The data and feedback signals these labs are able to collect post-AGI might even be enough for them to provide a large return on investment for their investors who are financially minded.
I think this kind of model is worth bearing in mind for individuals who believe capital will retain relevance post-AGI, and who are currently trying to grow their capital by investing in AI labs or companies dependent on them.
What would you say to the idea that other kinds of capital retain value post-AGI? Like land, or mineral rights, or electricity generating capacity? I think those are also unlikely, but I do come across them once in a while.
I think this is broadly correct. Investors in AI labs early on likely viewed their investment more like a donation than a traditional financial transaction.
My point is more narrow. That RSI → homogeneous product → low profit margins in the long run assuming similar hardware and data availability. The data and feedback signals these labs are able to collect post-AGI might even be enough for them to provide a large return on investment for their investors who are financially minded.
I think this kind of model is worth bearing in mind for individuals who believe capital will retain relevance post-AGI, and who are currently trying to grow their capital by investing in AI labs or companies dependent on them.
What would you say to the idea that other kinds of capital retain value post-AGI? Like land, or mineral rights, or electricity generating capacity? I think those are also unlikely, but I do come across them once in a while.