this post was submitted on 21 Jun 2026
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No, they don't.
They're surrounded by yes men. And from everything I hear them say, they don't understand the first thing about how LLMs actually work.
AI is so weird, it absolutely is useful and has uses, but it absolutely is NOT what these billionaires want it to be.
And even IF IT COULD BE all they claim, it would literarily cause an economic collapse.
The truth is that AI is a tool that's useful, but anyone in those companies trying to dampen things will be immediately moved to the side in favor of a guy saying, dude we can go to the moon with this trust me!
So yea... I don't know how we get out of this... It's very similar to the dot-com bubble. Internet was/is important and transformative but it wasn't what everyone was claiming... So the crash came.
They don't even need to dampen, just redirect. Pay engineers to make them specialized tools, don't waste so much money on GPUs, and give part of the compute to the community to tinker with, instead of hoarding it and doing squat.