10 years ago, Apple was the largest company in the world by market capitalization, its market cap was around $479.069 billion.
How have we gotten to a point in just a decade where multiple companies are dropping annual numbers that are in the realm of "the market cap of the worlds biggest companies" on these things?
Have we solved all (any of) the other problems out there already?
they're all a bit immoral, like how Hollywood made it big by avoiding patents, how YouTube got its mammoth exit via widespread copyright infringement and now LLMs gather up the skills of people it pays nothing to and tries to sell.
However we could also argue that most things in human society are less moral than moral (e.g. cars, supermarkets, etc).
But we can also argue that dropping some hundreds of millions in VC capital is less immoral than other activities, such as holding that money in liquid assets.
> But we can also argue that dropping some hundreds of millions in VC capital is less immoral than other activities, such as holding that money in liquid assets.
It really depends a lot on how those liquid assets are deployed.
I agree that Apple should have probably done something with their cash hoard like maybe buying or bolstering Intel so that they could have a domestic supply of chips, but apparently Apple has decided that there's just not much else to do with that money right now that would give them a better return? We might not agree with that assessment, but it's hard to call it immoral.
I learned this in elementary school. When 10 kids join forces to bully one kid, that is immoral. Same with companies and VC money trying to corner a market.
Isn’t that the point of having a government with laws and regulation… to allow the majority to bully specific undesirable minority groups into submission?
For some things it’s even a worldwide consensus, e.g. any groups with a desire to acquire large amounts of plutonium (who don’t belong to a preapproved list).
There’s even a strong consistent push to make it ever more inescapable, comprehensive, resistant to any possible deviation, etc…
Just from the environmental perspective is pretty immoral, the energy being consumed it's ridiculous and now every company is in an arms race making it all worse.
I guess the good thing is that many workers are also consumers. If they don't have money to consume anymore, who will buy all the shiny things that AI will produce so efficiently?
I agree AI can change the balance of power but I think it's more nuanced.
When expertise is commoditized, it becomes cheap; that reduces payroll and operational costs - which reduces the value of VC investment and thus the power of pre-existing wealth.
If AI means I can compete with fewer resources, then that's an equalizing dynamic isn't it?
In general, modern English uses “this is immoral” to mean “I don’t like this”. It’s a language quirk. It’s good that you’re asking the whys to get somewhere but I might as well just get to it.
“Immoral”, “should not exist”, “late-stage capitalism” are tribal affiliation chants intended to mark one’s identity.
E.g. I go to the Emirates and sing “We’re Arrrrrsenal! We’re by far the greatest time the world has ever seen”. And the point is to signal that I’m an Arsenal fan, a gooner. If someone were to ask “why are you the greatest team?” I wouldn’t be able to answer except with another chant (just like these users) because I’m just chanting for my team. The words aren’t really meaningful on their own.
blitzar|7 months ago
How have we gotten to a point in just a decade where multiple companies are dropping annual numbers that are in the realm of "the market cap of the worlds biggest companies" on these things?
Have we solved all (any of) the other problems out there already?
hlynurd|7 months ago
BeFlatXIII|7 months ago
unknown|7 months ago
[deleted]
Quarrelsome|7 months ago
However we could also argue that most things in human society are less moral than moral (e.g. cars, supermarkets, etc).
But we can also argue that dropping some hundreds of millions in VC capital is less immoral than other activities, such as holding that money in liquid assets.
* Glares at Apple cosplaying Smaug *
aaa_aaa|7 months ago
UncleOxidant|7 months ago
It really depends a lot on how those liquid assets are deployed.
I agree that Apple should have probably done something with their cash hoard like maybe buying or bolstering Intel so that they could have a domestic supply of chips, but apparently Apple has decided that there's just not much else to do with that money right now that would give them a better return? We might not agree with that assessment, but it's hard to call it immoral.
amelius|7 months ago
MichaelZuo|7 months ago
For some things it’s even a worldwide consensus, e.g. any groups with a desire to acquire large amounts of plutonium (who don’t belong to a preapproved list).
There’s even a strong consistent push to make it ever more inescapable, comprehensive, resistant to any possible deviation, etc…
mattigames|7 months ago
Weryj|7 months ago
It will take the power away from the workers, such that there will be no power left for people to make demands.
We can hope it’ll be positive, but we aren’t even involved in its creation and the incentives are there to ensure it isn’t.
steve1977|7 months ago
joshmarlow|7 months ago
When expertise is commoditized, it becomes cheap; that reduces payroll and operational costs - which reduces the value of VC investment and thus the power of pre-existing wealth.
If AI means I can compete with fewer resources, then that's an equalizing dynamic isn't it?
renewiltord|7 months ago
“Immoral”, “should not exist”, “late-stage capitalism” are tribal affiliation chants intended to mark one’s identity.
E.g. I go to the Emirates and sing “We’re Arrrrrsenal! We’re by far the greatest time the world has ever seen”. And the point is to signal that I’m an Arsenal fan, a gooner. If someone were to ask “why are you the greatest team?” I wouldn’t be able to answer except with another chant (just like these users) because I’m just chanting for my team. The words aren’t really meaningful on their own.
dmbche|7 months ago