Never Had a Real Job

Silicon Valley would have you believe that the founders of tech start-ups are competent and capable of making decisions. But how true is that? The video below asks the question of Sam Altman, founder of OpenAI. Altman has super-voting Class B shares in Reddit, but peculiarly holds 0% of OpenAI.

It may be worth considering the likes of Mark Zuckerberg, who holds Class B super-voting shares in Meta, effectively controlling that company. However, Zuckerberg is a university dropout, and never had a full-time job in the conventional sense. 

I would ask, how do you feel about your retirement savings being invested with these people? Just call me old-fashioned, because I'd be very twitchy.

Sam Altman Exposed

AI offers some benefits, but one problem I see is there appears little economic return on the massive infrastructure cost required to bring it on. 

This is a classic cost/benefit exercise. We need cheap electricity to provide a low cost economy, powering hospitals, schools and such. If we take the money that could go into these areas, and put it in the hands of the owners of AI, how can we be sure that money will be returned to the investors and society in general?

One option may be to make AI a public good. Make AI like the air we breathe. This would make AI and the code it runs on widely available to all businesses. If not taking this approach, then AI will need to be strictly regulated. For instance, in any area where things become highly technical or subject to opinions, I find AI fails almost every time. AI is usually wrong in those areas. If you need an example, take Kim Kardashian's failing the bar exam and her blaming AI. When looked at, AI was feeding her legal answers that were wrong.

Imagine using AI to build a bridge across a ravine, or designing a passenger airplane. Are you going to trust it? However, I do see a place for robots and AI fetching and carrying, that'd be something both are capable of.

In the below video, Sam Altman's background is closely examined. Is this someone you want your economy invested in?