There are probably two reasons why that the cost of intelligence is dropping. First, data via webscraping is essentially free. Second, the cost of capital of the big models is effectively zero given that the investors backing the models have a different set of incentives. This is what has worried me about VCs mixing LP dollars with the corporates. Not to mention Meta is trying to undermine all the private models and has an infinite war chest to out complete everyone at a game of chicken.. What happens when the data for training is no longer free because the owners of data start charging a fee for access?
There are probably two reasons why that the cost of intelligence is dropping. First, data via webscraping is essentially free. Second, the cost of capital of the big models is effectively zero given that the investors backing the models have a different set of incentives. This is what has worried me about VCs mixing LP dollars with the corporates. Not to mention Meta is trying to undermine all the private models and has an infinite war chest to out complete everyone at a game of chicken.. What happens when the data for training is no longer free because the owners of data start charging a fee for access?
In a world where intelligence is nearly free, the value of human creativity and strategic thinking will skyrocket.