alt Hacker NewsThe risk of all risks today is wether OpenAI will survive. I just watched Zitron is convinced they will not [1]. Eisman said OpenAI flop will cause recession [2].
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I have lived through 1 recession. I will unfortunately have to live through another recession because yet again regulators have been taking a xanny/tranquilized; and unchecked greed of Wall Street and billionaires
Why do people keep bringing up Zitron in these discussions. He's literally just some guy. And with all due respect to Steve Eisman, he's been wrong plenty of times, most recently with bond prices going above 5% being a trigger. And he's still recommending that you should hold SPX or a combination with QQQ like, hilariously, that's supposed to be diversification or something.
That might be a financial risk, but it's only a financial risk.
Even if OpenAI goes bankrupt, someone will buy their models in bankruptcy to run them. Also, other companies will be able to hire the people who are laid off to apply the same techniques to get similar models.
So from the point of view of technological / AI progress we'll be fine.
Some investors might lose some money, but humanity will keep going forward.