hard to stand up for EU (or even national) values if some dude in Washington has the keys for most of your military
having at least some in-house expertise is the first step.
We should be shaming them into contributing something useful to the rest of world in the most important development of our current time (AI) instead of clapping for domestic regulatory moats.
From where I'm standing, as an American, we should be shaming OpenAI and Anthropic for both pushing towards an IPO while neither of them have profitable revenue streams. In pure game-theory terms, you could successfully argue that the US is the biggest loser of the AI race: an economy propped up on artificial Nvidia margins and terminally reliant on neoliberal trade.
Even if global war doesn't tear down the TSMC house of cards, neither the government, the banks, nor the global economy could underwrite an OpenAI IPO. They make no money!
Like, adjusted can cover a whole host of sins. Until we see the GAAP audited numbers, nobody but Anthropic employees and investors know.
“While Anthropic offers more to society than WeWork ever did, at a $2 trillion valuation, its IPO presents far bigger risks and is positioned to be a far bigger rip off of U.S. capital markets,” New Constructs wrote, adding that the IPO’s purpose isn’t to provide wealth for public markets investors, but rather liquidity for the company’s Wall Street backers.The fact you’ve used the trendy populist boogieman word “neoliberal” and complained about a generational startup not being profitable during the growth phase tells me you watch a lot of internet content from people who don’t understand the topics they cover (breaking points perhaps?)
I would recommend re-evaluating who you borrow your opinions from. Global trade is not a boogieman, and OpenAI will have zero trouble building a profitable consumer advertising business, regardless of whether their IPO flops in the short term.
I didn't make a mistake, or reach into the buzzword hat for that; Nvidia's trillion-dollar GPGPU products are wholly dependent on TSMC. Every single Blackwell die ever made came out of a Taiwanese factory, and the US leadership is inviting rapprochement with the CPP on the eve of Taiwan's invasion. TSMC will destroy their machines before China gets them, and then there are no more Blackwell products. US fabs do not ship a comparable fabrication node and likely won't for another ~5 years, optimistically speaking. This is not a "war will make the stocks tumble" argument, we are describing a scenario where American economic growth could slow or stop entirely if AI dominance is jeopardized. The US economy can't have an Achilles heel like that.
It gets worse! There is currently a global DRAM, SRAM, HBM and flash memory shortage that has already encouraged Samsung, SK Hynix and Micron to start fucking over their most loyal customers like Apple and Google, who have absolutely no alternative vendors. If you're packaging SOCs, neoliberalism already fucked you over! South Korea is counting beaucoup bucks for every iPhone sold at eye-watering prices. Taiwan is gouging US OEMs, making Apple and Nvidia engage in humiliating bidding contests to secure access to a single factory line. If global conflict expands, the AI economy will be chronically dependent on government (read: taxpayer) money. US taxpayers don't have trillions of apology dollars for this type of mistake.
China's got the edge on open models. Free trade does their heavy lifting, US labs are scrambling to put up defenses and beg for pathetic regulatory efforts that pull up the ladder. Yes, neoliberalism keeps them up at night, and apparently it keeps you up too.
They should take a cue from the US, and brain drain the rest of the world and coast on the success of brilliant US scientists and entrepreneurs like Linus Torvalds, Yann Le Cun or Terence Tao.