Altman should be jailed for this. Single-handedly crashing consumer spending in an entire sector of the economy. At the very least for the reason that that was supposed to happen _after_ they had the AI in hand to supplant majority white collar labor, not before.
We’re contemplating jailing people for buying manufactured goods at the market price now?
Jailed for what? Apple routinely buys out majority of TSMC's production capacity (at the bleeding edge), should Tím Cook go to jail?
That contract had little to do with this but I get why it's an easy, neatly packaged, personified scapegoat.
The ram price appreciation began 3 months before October 1st and his contract was about future capacity that has nothing to do with the current equilibrium price in consumer DRAM.
It certainly feels like this should fall somewhere along a spectrum of antitrust behavior. It's astounding the degree to which they are able to operate as if money isn't real. Strange circular deals and infinite VC money really fuck with markets and these past few years we've been venturing down a particularly concerning branch of capitalism.
I'm aware that the US is changing, but in the past, we had an idea that you don't go to jail unless there was a specific crime that you could be charged with.
This "crime" would be written down somewhere in what we called a "law", that would state penalties, with "maximum" sentences.
And, to forestall your comments, one of our other traditions was that you applied these rules even to lying sons of bitches (which Altman is).
Sorry to be old fashioned here.
He's just one of the ringleaders of the AI parade. This certainly isn'tjust him, just like the american corruption isn't just donald trump
We need to normalize tar & feathering again.
This is a dystopia no one really thought about. A handful of people anointed to spend borrowed money on a (so far unprofitable) quest to destabilize the world's economy, alienate the working class and make everything we've enjoyed the past 15-20 years a luxury.