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by gradus_ad 82 days ago
A rebuttal: the institutional and experiential barriers to wealth generation can be overcome with AI unlike any other technology before. Consider: someone wanting to start a business previously had to negotiate tremendous legal/compliance/technological hurdles. The prospect of going alone given these is very intimidating so most without wealth or connections didn't. Their good ideas languished. Now, everyone has a knowledgeable and forgiving partner and guide.
3 comments

Rebuttal: we are yet to see this actually materialize beyond the theoretical fantasy. We have seen this with computers and internet already: the supposedly democratic technology consolidated in a few platform monopolies.
Whether or not AI consolidates (even more than now) is irrelevant. The tech is extremely useful as a catalyzer of ideas and stimulus to action.
Let's see how true this is once the era of VC-subsidized AI ends. A 10x increase in frontier model cost is an entirely reasonable outcome given that Claude code is rumored to allocate up to $5K in compute for a $200/mo plan.

The losses fueling these companies is staggering and will not last.

> Now, everyone has a knowledgeable and forgiving partner and guide.

Well, everyone who can afford the $500/month ultra max pro plan to access unlimited ad free LLMs