"The chorus of warnings about an AI bubble is growing louder. Yesterday, the IMF and the Bank of England became the latest to warn that global markets could face trouble if investor enthusiasm for AI takes a dive. Yet in Silicon Valley and beyond, that enthusiasm shows no sign of slowing. Investors aren't just backing companies anymore. They're betting that artificial general intelligence (AGI)-AI systems as capable as, or more capable than, humans-is right around the corner,"
"A Columbia valedictorian at age 19, [Aschenbrenner] spent time at the philanthropy arm of Sam Bankman-Fried's now-bankrupt FTX cryptocurrency exchange before a controversial year at OpenAI, where he was ultimately fired. Then, just two months after being booted from the most influential company in AI, he penned an AI manifesto that went viral - even earning praise from Ivanka Trump on social media - and used it as a launching pad for a hedge fund that now manages more th"
IMF and the Bank of England warned that global markets could face trouble if investor enthusiasm for AI reverses, raising concerns about an AI-driven financial bubble. Investor enthusiasm in Silicon Valley remains strong, with backers shifting from companies to bets on imminent AGI capable of human-level or greater performance. Leopold Aschenbrenner, 23, emerged from Columbia and stints at FTX philanthropy and OpenAI, where he was fired after a controversial year. He wrote a viral monograph/manifesto on AGI that drew public attention and praise, then launched a hedge fund grounded in that thesis. That hedge fund manages more than $1.5 billion. Enterprise AI adoption is growing significantly.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]