alt Hacker NewsGood point. I think both AI companies and hardware makers should pay for the damage they caused to us here.
They act as a de-facto monopoly and milk us. Why is this allowed?
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estimator7292 • yesterday at 8:50 PM
Because for the last 60 years we've allowed big business to buy and hollow out our legal and education systems.
kennywinker • yesterday at 8:28 PM
Allowed? We live in a neoliberal world where corporate monopolies / oligopolies aren’t even remotely regulated. If you try to do even the gentlest regulation of companies people scream about communism and totalitarianism. Unless the regulation serves the monopolies by making it harder to enter the market.
It started with raegan, and even parties on the “left” in the west believe in it with very few exceptions.
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It's a business with huge up-front capital expenses and typically very low margins. Supply is scaling up slowly because it's hard, and if you overshoot, you go out of business.
Nobody is "allowing" this. It's a natural property of being both advanced technology and a commodity at the same time.