[lucaslazarus]

I don’t get why people find it so hard to understand that a technology can be value-additive and still be in a position of massive overinvestment. Every generation of Californians seeks to relive the 1848 gold rush, spending millions excavating rivulets for mere ounces of (very real!) gold.

[petesergeant]

Exactly this. The future impact of AI and the financial credibility of OpenAI as a business are completely distinct.

[m4rtink]

Not to mention the 1848 gold rush pretty destroyed the existing society, culture and businesses:

https://en.wikipedia.org/wiki/California_gold_rus

Not to mention thousands of native inhabitants getting killed or enslaved:

https://en.wikipedia.org/wiki/California_genocide