The expanding economic impact of AI, highlights a significant gap between AI infrastructure investments and actual revenue generation. Despite easing GPU shortages and increased investments by cloud providers, AI-related revenue, particularly dominated by OpenAI, remains insufficient to justify the massive capital expenditures. The analysis reveals that this gap has grown from $125 billion to $500 billion, posing challenges for the AI industry while emphasizing the need for realistic expectations and sustainable value creation.
OpenAI training and inference costs could reach $7bn for 2024, AI startup set to lose $5bn – report
The power of AI will transform every facet of our society, from the micro changes in our day-to-day lives to the macro changes in global geopolitics. It will challenge our values and assumptions and make us reconsider what it means to be human. It is inevitable that some capital will be wasted getting there. We may even experience a bubble or two. But this is part of the growing pains of advancing humankind. Society, like our individual lives, seldom take the shortest route. As to the argument that we are in a bubble right now, we think it deserves some reconsidering.
The article advocates for employee ownership of companies, using Central States Manufacturing as a model. The company, owned by its employees through an Employee Stock Ownership Plan (ESOP), demonstrates how such structures can create significant wealth for workers across all levels, improve long-term company performance, and reduce wealth inequality. Employee ownership aligns worker and company interests, leading to sustainable growth and better employee benefits. The article highlights the benefits of ESOPs and calls for broader adoption and awareness of such models.
SAG-AFTRA has called a strike against major video game companies, set to begin on July 26, 2024. This decision follows a vote by union members, with 98.32% in favor of authorizing the strike. The union has been negotiating with companies like Activision, Disney, EA, Insomniac Games, and others since October 2022 to renew the Interactive Media Agreement.
The core issues leading to the strike include demands for wage increases to combat inflation, protections against the use of artificial intelligence, and basic safety precautions. SAG-AFTRA seeks an 11% retroactive increase in rates for video game performers, followed by 4% annual increases, similar to their demands in the film and TV industries
A measure of how large the object appears to an observer looking from that point. Thus. A measure for objects in the sky. Useful to retuen the size of the sun and moon… and in perspective, how much of their contribution to lighting. Solid angle can be represented in ‘angular diameter’ as well.
A solid angle is expressed in a dimensionless unit called a steradian (symbol: sr). By default in terms of the total celestial sphere and before atmospheric’s scattering, the Sun and the Moon subtend fractional areas of 0.000546% (Sun) and 0.000531% (Moon).
On earth the sun is likely closer to 0.00011 solid angle after athmospheric scattering. The sun as perceived from earth has a diameter of 0.53 degrees. This is about 0.000064 solid angle.
The mean angular diameter of the full moon is 2q = 0.52° (it varies with time around that average, by about 0.009°). This translates into a solid angle of 0.0000647 sr, which means that the whole night sky covers a solid angle roughly one hundred thousand times greater than the full moon.
The apparent size of an object as seen by an observer; expressed in units of degrees (of arc), arc minutes, or arc seconds. The moon, as viewed from the Earth, has an angular diameter of one-half a degree.
The angle covered by the diameter of the full moon is about 31 arcmin or 1/2°, so astronomers would say the Moon’s angular diameter is 31 arcmin, or the Moon subtends an angle of 31 arcmin.
