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Bill’s Commentary:

“Just to be clear, I was trying to say that the only police working will be the “Barney Fifes” of the world…”

The latest from Erik –

Bill’s Commentary:

“Is AI just another fiat incinerator?”

Sam Altman Warns That AI Industry Is Due for a Spectacular Implosion

OpenAI CEO Sam Altman is doing what he does best: warning of AI-related doom that he doesn’t sound all that pressed about.

Last week, while touring one of OpenAI’s mammoth data centers being built in Abilene, Texas, Altman had a pretty casual outlook when he was asked about a bubble that could financially decimate the entire industry.

“Between the ten years we’ve already been operating and the many decades ahead of us, there will be booms and busts,” Altman ruminated, as quoted by The Associated Press. “People will overinvest and lose money, and underinvest and lose a lot of revenue.”