I'm a younger millennial. I'm always seeing homeless people in my city and it's an issue that I think about on a daily basis. Couldn't we have spent the money on homeless shelters and food and other things? So many people are in poverty, they can't afford basic necessities. The world is shitty.

Yes, I know it's all capital from VC firms and investment firms and other private sources, but it's still capital. It should be spent on meeting people's basic human needs, not GPU power.

Yeah, the world is shitty, and resources aren't allocated ideally. Must it be so?

I threw in the towel in April.

It's clear we are Wile E. Coyote running in the air already past the cliff and we haven't fallen yet.

I don't know what to do with this take.

We need an order of magnitude more clean productivity in the world so that everyone can live a life that is at least as good as what fairly normal people in the west currently enjoy.

Anyone who think this can be fixed with current Musk money is simply not getting it: If we liquidated all of that, that would buy a dinner for everyone in the world (and then, of course, that would be it, because the companies that he owns would stop functioning).

We are simply, obviously, not good enough at producing stuff in a sustainable way (or: at all) and we owe it to every human being alive to take every chance to make this happen QUICKLY, because we are paying with extremely shitty humans years, and they are not ours.

Bring on the AI, and let's make it work for everyone – and, believe me, if this is not to be to the benefit of roughly everyone, I am ready to fuck shit up. But if the past is any indication, we are okay at improving the lives of everyone when productivity increases. I don't know why this time would be any different.

If the way to make good lives for all 8 billions of us must lead to more Musks because, apparently, we are too dumb to do collectivization in any sensible way, I really don't care.

agree the capital could be put to better use, however I believe the alternative is this capital wouldn't have otherwise been put to work in ways that allow it to leak to the populace at large. for some of the big investors in AI infrastructure, this is cash that was previously and likely would have otherwise been put toward stock buybacks. for many of the big investors pumping cash in, these are funds deploying the wealth of the mega rich, that again, otherwise would have been deployed in other ways that wouldn't leach down to the many that are yielding it via this AI infrastructure boom (datacenter materials, land acquisition, energy infrastructure, building trades, etc, etc)

As a fellow elder millennial I agree with your sentiment.

But I don't see the mechanics of how it would work. Rewind to October 2022. How, exactly, does the money* invested in AI since that time get redirected towards whatever issues you find more pressing?

*I have some doubts about the headline numbers

Yes this capital allocation is a once in a lifetime opportunity to crate AGI that will solve diseases and poverty.

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