I have to admit, of the four, Karpathy and Sutskever were the two I was most impressed with. I hope he goes on to do something great.
When the next wave of new deep learning innovations sweeps the world, Microsoft eats whats left of them. They make lots of money, but don't have future unless they replace what they lost.
that won't happen, the next scam will be different
it was crypto until FTX collapsed then the usual suspects led by a16z leaned on OpenAI to rush whatever they had on market hence the odd naming of ChatGPT 3.5.
When the hype is finally realized to be just mass printing bullshit -- relevant bullshit, yes, which sometimes can be useful but not billions of dollars of useful -- there will be something else.
Same old, same old. The only difference is there is no new catchy tunes. Yet? https://youtu.be/I6IQ_FOCE6I https://locusmag.com/2023/12/commentary-cory-doctorow-what-k...
AI, on the other hand, has a near infinite potential. It's conceivable that it will grow the global economy by 2% OR MORE per MONTH for decades or more.
AI is going to be much more impactful than the internet. Probably more than internal combustion, the steam engine and electricity combined.
The question is about the timescale. It could take 2 years before it really starts to generate profits, or it could take 10 or even more.
Bank fees don't disappear into the ether when they're collected, so I doubt they have this much affect.
Oh, made my very first retail purchase with Bitcoin the other day. While the process was pretty slick and easy, the network charged $15.00 in fees. Long way to go until "free".
1-3% was intended as a ceiling for what cryptocurrency could bring to the economy, after adjusting for the reduction in inflation once those costs are gone.