> The economic benefits of mining asteroids are also too large
Ironically, that's an example I like to list as "pure sci-fi fantasy, divorced from economic reality."
The total cost of the iron ore that goes into making a new a car is about $200-$300 dollars, depending on various factors (size of the car, ore spot price, etc...).
Even if -- magically -- asteroid mining made not just "iron ore", but specifically the steel alloy used for car bodies literally free, new cars costing $30,000 would now cost... $29,700.
You can save more by skipping the optional coffee cup warmer, or whatever.
In reality: 90% of iron and steel is recycled, and asteroid mining is not magic.
Market competition and innovation in both ML and hardware has consistently driven down the price of AI in the past decade. You only have to look at where we are with capabilities today compared to ten years ago when CIFAR100 classifiers were the state of the art.
Barring a Chinese invasion of Taiwan, these APIs will halve in price over the next year.
moffkalast|2 years ago
Just a few manufacturers hold the effective cartel monopoly on LLM acceleration and you best bet they will charge out the ass for it.
jiggawatts|2 years ago
Ironically, that's an example I like to list as "pure sci-fi fantasy, divorced from economic reality."
The total cost of the iron ore that goes into making a new a car is about $200-$300 dollars, depending on various factors (size of the car, ore spot price, etc...).
Even if -- magically -- asteroid mining made not just "iron ore", but specifically the steel alloy used for car bodies literally free, new cars costing $30,000 would now cost... $29,700.
You can save more by skipping the optional coffee cup warmer, or whatever.
In reality: 90% of iron and steel is recycled, and asteroid mining is not magic.
modernpink|2 years ago
Barring a Chinese invasion of Taiwan, these APIs will halve in price over the next year.
skybrian|2 years ago
nr2x|2 years ago