I don't know how to make sense of this level of investment. I feel that I lack the proper conceptual framework to make sense of the purchasing power of half a trillion USD in this context.
Maybe your calibration isn't poor. Maybe they really are all wrong but there's a tendency here to these these people behind the scenes are all charlatans, fueling hype without equal substance hoping to make a quick buck before it all comes crashing down, but i don't think that's true at all. I think these people really genuinely believe they're going to get there. And if you genuinely think that, them this kind of investment isn't so crazy.
The argument presented in the quote there is: “everyone in AI foundation companies are putting money into AI, therefore we must be near AGI.”
The best evaluation of progress is to use the tools we have. It doesn’t look like we are close to AGI. It looks like amazing NLP with an enormous amount of human labelling.
I just want an objective opinion from someone who has a deep understanding of the cutting edge.
It’s maddening to try to plan for a future which everyone is incentivised and permitted to fabricate.