Mozilla is looking to deploy its roughly $1.4 billion in reserves to support "mission driven" companies and nonprofits, and is particularly focused on AI.
It’s amazing to me how so many supposed capitalists (the folks that should be at the forefront of smart investing), are throwing money straight into the fiery pit that is AI. It’s like watching an arms race between Fallout corporations.
It’s because they have taken too much of the economy for themselves. Too much wealth in the hands of too few. The wisdom of crowds dissipates and they move as much more of a herd, and more erratically. Things begin to swing from one shiny object to another more quickly, with nothing to keep their greed in check
It’s amazing to me how so many supposed capitalists (the folks that should be at the forefront of smart investing), are throwing money straight into the fiery pit that is AI. It’s like watching an arms race between Fallout corporations.
It’s because they have taken too much of the economy for themselves. Too much wealth in the hands of too few. The wisdom of crowds dissipates and they move as much more of a herd, and more erratically. Things begin to swing from one shiny object to another more quickly, with nothing to keep their greed in check