A little bit, but the scale is another magnitude higher. I just saw a chart yesterday that shows Uber burning $18B, Tesla burning $9B, and Netflix burning 11B before reaching profitability. Open AI so far spent $218 Billion.
The opportunity is disproportionately greater as well though.
Unfortunately that doesn't change the fact even a small miscalculation could have an enormous impact. We are approaching levels of risk comparable in size to the subprime crisis of 2008.
Is it? AI isn't going to be a winner take all market. Competition between American AI labs and even Chinese ones have seen to that.
The winners for AI will be the product companies, because soon enough the top-tier models are all going to have good enough performance that companies can just pick the cheapest. It'll be a race to the bottom for inference and OpenAI is very poorly placed to compete in that kind of thing.
Unfortunately that doesn't change the fact even a small miscalculation could have an enormous impact. We are approaching levels of risk comparable in size to the subprime crisis of 2008.