Despite embracing technology, the “Blade Runner” and “Alien” director has long incorporated the fear of AI in his stories onscreen and knows better than most about its ramifications. Scott previously told Rolling Stone in November 2023 that when it came to his concerns about artificial intelligence broadly, he said that AI was “dangerous” and akin to a “technical hydrogen bomb.”
The expanding economic impact of AI, highlights a significant gap between AI infrastructure investments and actual revenue generation. Despite easing GPU shortages and increased investments by cloud providers, AI-related revenue, particularly dominated by OpenAI, remains insufficient to justify the massive capital expenditures. The analysis reveals that this gap has grown from $125 billion to $500 billion, posing challenges for the AI industry while emphasizing the need for realistic expectations and sustainable value creation.
OpenAI training and inference costs could reach $7bn for 2024, AI startup set to lose $5bn – report
The power of AI will transform every facet of our society, from the micro changes in our day-to-day lives to the macro changes in global geopolitics. It will challenge our values and assumptions and make us reconsider what it means to be human. It is inevitable that some capital will be wasted getting there. We may even experience a bubble or two. But this is part of the growing pains of advancing humankind. Society, like our individual lives, seldom take the shortest route. As to the argument that we are in a bubble right now, we think it deserves some reconsidering.
The article advocates for employee ownership of companies, using Central States Manufacturing as a model. The company, owned by its employees through an Employee Stock Ownership Plan (ESOP), demonstrates how such structures can create significant wealth for workers across all levels, improve long-term company performance, and reduce wealth inequality. Employee ownership aligns worker and company interests, leading to sustainable growth and better employee benefits. The article highlights the benefits of ESOPs and calls for broader adoption and awareness of such models.
SAG-AFTRA has called a strike against major video game companies, set to begin on July 26, 2024. This decision follows a vote by union members, with 98.32% in favor of authorizing the strike. The union has been negotiating with companies like Activision, Disney, EA, Insomniac Games, and others since October 2022 to renew the Interactive Media Agreement.
The core issues leading to the strike include demands for wage increases to combat inflation, protections against the use of artificial intelligence, and basic safety precautions. SAG-AFTRA seeks an 11% retroactive increase in rates for video game performers, followed by 4% annual increases, similar to their demands in the film and TV industries
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