Strong attack on frontier AI labs from silicon valley insider and Palantir CEO Alex Karp.
He explicitly mentions that enterprises must own the "means of production" in the video interview. I have long talked about why no large enterprise or nation that wants to be wealthy should ever outsource the critical capital goods needed for production - it would end up transferring "alpha" (all value creation) to its capital goods providers.
In a different context, this issue is already causing pain in the textile spinning industry. High tech robotic spinning machines are so expensive, it now takes over 7 years to recover the cost of machines by selling the finished product (yarn). So some of the mills are rethinking the foreign capital goods vs domestic labor spending.
Software companies that do "tokenmaxxing" also transfer all value to frontier labs.
Here is the crux of the matter: the entire business case behind the multi-trillion dollar capex by AI providers hinges on extracting all value from the rest of the economy and concentrating that in a few companies.
The rest of the economy has started to rebel, even the rest of the _silicon valley_ economy!
The future of the firm is a learning loop in which human capital and token capital compound.
With our new Frontier Co., our ambition is to help every enterprise build its own AI capability, and to help create a frontier ecosystem where every organization can turn its knowledge, workflows, and judgment into its own AI systems that continuously improve. https://t.co/mvYhkRFyqa
@ravihanda@ayusshsanghi Thoda wait karo sir :) It takes a while to propagate after you have upgraded whatsapp to latest version. Try force closing your app too
My favorite thing @om wrote was actually an interview with Brunello Cucinelli in 2015. And to this day, I think it’s the single best thing you can read on running a business. Better than any book, better than any article.
Read it:
https://t.co/Nq8cmtxILT
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