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Amazon pumps additional $4Bn in AI Start-up Anthropic
(thetechportal.com)
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this post was submitted on 29 Nov 2024
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Technology
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Would rather they invest in, like, housing, food security, climate crisis, any number of other more useful things. I know you could say that about anything- like all the money being spent on movies seems frivolous next to that stuff- but AI is especially dubious.
Our society's priorities are all wrong, and I don't think it's going to get better without a lot of suffering. Maybe not even then.
I would never want to rely on corporations' willingness to support those things. Corpos should, however, be heavily taxed so that the actual state would have money for those things.
In an ideal world (hey, let me dream!) those funds wouldn't instead be siphoned into defense budgets.
Stock buy-backs used to be illegal, which at least forced some reinvestment. Now it's just shareholder masturbation all the way down.
At least movies are entertainment.
This stuff is just them trying to corner the market on centralized processing. The AI Branding is hype to keep investor money coming in.