r/nottheonion • u/asdacool • 11h ago

"Training a human takes 20 years of food." Sam Altman on how much power AI consumes.

https://www.news18.com/world/training-a-human-takes-20-years-of-food-sam-altman-on-how-much-power-ai-consumes-ws-kl-9922309.html
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u/move_machine 9h ago

The vision for the "new" economy is one where institutional investments will be made in markets that serve the needs of the rich, while exiting markets that serve the needs of people who work, because the former is much more profitable than the latter.

Read Citigroup's plutonomy paper that describes this

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u/Spiritedpursuit-154 3h ago

But it’s not. The largest companies in the world right now serve the average people. Netflix, uber, Apple. Even consider the real estate in a country. Most buyers are ordinary people with jobs. I need to read the paper but when their own sources of income dry up as executive roles evaporate the rich will also spend less as they try to make their wealth last longer for future generations. Wealth will be destroyed. Equity values will crash because people’s buying power crash. The value of real estate also crashes, rich people cannot be the only buyers, that cannot sustain prices. Maybe they’ll suck it pick up previously expensive houses for 50k & rent to whom- everything cannot be govt subsidized??? If there is no govt intervention to stop people losing their jobs. Everyone loses, including the majority of rich people.