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Chainleft
@chainleft
My cast below was before R1. It took Chinese only 20 days after I predicted that they'd surpass the West even in English LLMs. They'll win in chips too. If not this year, then the next. As @catabolismo's thread from yesterday says: Capitalism is not good at allocating resources. Just like US pivoted to a gov't planned Apollo Program after Sputnik, US will pivot to a planned approach for AI too. Invisible hand cannot compete with intelligent planning.
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Catabolismo
@catabolismo
Having five different orgs throwing compute power at the same problem to see who finds an edge is only efficient to the shareholders of those orgs.
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Dean Pierce 👨‍💻🌎🌍
@deanpierce.eth
A key component to capitalism is tax dollars investing in infrastructure that serves society 😄 This is something people seem to have forgotten. Randian economics is a very new and damaging concept. Unbridled greed incentivizes short term gains at the expense of long term stable infrastructure, leading to eventual collapse.
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alixkun🟣🎩🍡
@alixkun
It's no surprise centralized systems (authoritarian China) are more efficient than decentralized systems (democratic USA). You should know better, evolving in the blockchain space and knowing about stuff like DAOs for ex. It's not a question of capitalism here, China is as capitalistic as it gets. Does that mean it's the right thing to do? (going authoritarian/centralized) No.
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Sayonara
@sayo
cc: @owocki capital allocation w/ capitalism!!!! Thoughts?
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