alt Hacker NewsThis is a weird fantasy among the literati that AI is a "scam", that we can "expose" them with lots of palace intrigue coverage and SBF or Elizabeth Holmes them away and then everything will be right in the world. Some of the best models are Chinese and Open-source and so-so good and Sam Altman is wholly irrelevant to them.
Some folks are in for a very rude awakening.
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On a certain level it is a scam. AI slop, vibe coding, tokenmaxxing, blaming employee layoffs on AI, pretty much any comment CEOs make about AI, etc.
Rude how?
The fact that Chinese open weight models are useful does not really say anything about whether AI is hyped well beyond its actual worth, or whether the technology will be used for benevolent or nefarious purposes by American oligarchs.
Trying to justify current valuations by misrepresenting current model capabilities is a scam.
A fair valuation of ~$5B each for Anthropic and OpenAI for the occasionally useful tools that they had created would be more reasonable.
Stealing every intellectual property on the planet to build a plagiarism machine that is wrong 10% of the time, could be interpreted as a scam by many folks.