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OpenAI warns investors that AGI may make money obsolete, while raising billions of good ole US dollars
SPACs and SPVs seem to be growing faster than AI capabilities these days. Will money will even mean anything once AGI comes?
It was unnerving to watch investors and analysts largely taking the company at its word, even as it launched baffling ventures like broadband trading and expensive, fruitless infrastructure projects. A meme created inside Google Hugh Langley reporting/Business Insider/Google UBS added to the gloom this week, citing an MIT study that found 95% of firms surveyed said they've seen no measurable return from AI investment to date. A meme from inside Google sums up the mood: "You know a technology works and is great when you're forced to praise it to maintain your livelihood."
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