Today’s a holiday special, and we’re not really doing AI at all. But we sort of are — this is about the AI venture capitalists, how they think, and how they were always like this. This is the story…
  • scruiser@awful.systemsEnglish
    10·
    8 days ago

    That was a solid illustration of just how stupid VC culture is. A run into people convinced capitalism is a necessary (and some of them also believe sufficient) element of innovation and technological advancement, like it doesn’t regularly flush huge amounts of money down the toilet like this.

    • lagrangeinterpolator@awful.systemsEnglish
      9·
      7 days ago

      When capitalism did contribute to innovation and technological advancement, it was through stuff like Bell Labs, which was funded by a corporation but functioned in practice like its own research institute. I think that the idea of Bell Labs is a little offensive to present day venture capitalists, though. What do you mean, innovation comes from scientists and engineers? We all know that innovation comes from plucky, young, hotshot founders with big ideas who go against conventional wisdom!