I don't think these are the smartest people in the world. Yes, they're investing 1% to 2% of global GDP. My conclusion from this is that things are going to get pretty rough when the bubble bursts. I see what LLMs are capable of every day at work. Yes, it's impressive. But I also hear how the Silicon Valley bullshitters talk about it—and it just doesn't add up. You're welcome to see great rationality in the fact that they're all pouring all their capital into it. I see great irrationality there instead. Don't assume I'm not familiar with the subject just because I don't share your assessment.
Edit:
A quote from this discussion:
> I'm worried about what happens when an AI or a coalition of AIs starts optimizing reality instead of just optimizing chess boards.
That's the intellectual and analytical level at which fears about AI play out. And that's exactly the level at which the bullshitters stoke those fears. And you want me to take that seriously? Sorry, but that's ridiculous!
Edit:
A quote from this discussion:
> I'm worried about what happens when an AI or a coalition of AIs starts optimizing reality instead of just optimizing chess boards.
That's the intellectual and analytical level at which fears about AI play out. And that's exactly the level at which the bullshitters stoke those fears. And you want me to take that seriously? Sorry, but that's ridiculous!