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this post was submitted on 31 May 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Borrowing Gary’s take on this since its the first one I found
TLDR: A lot of AI company stocks dropped last night, half a trillion dollars gone. Trump is considering having a government stake in OpenAI and other leading AI companies (aka thinly veiled bailout)
It's a shame Gary Marcus is usually right because his writing style and personality are so annoyingly smug. He hates LLMs but only because he wants his own methods to be the path to AGI (or we could just... Not try to build AGI?) and wittering on about Trump bailing out OpenAI being socialism (bailouts are not generally considered socialism - it's such an annoying tic to just shout socialism any time governments do something you don't like).
Still great to see the stock market cottoning on - hopefully this sticks and it's not just short-lived deepseek panic again
Yeah in a lot of LLM critiques he prattles on about neurosymbolic AI way too much and it really throws me off
Unfortunately with mass media and social media you just have to accept that the people who get the biggest audiences will like attention and get some of the details wrong. They are built to create stars not spread facts.
The last few years have showed many disadvantages of the 'AGI' quest which were not widely foreseen. Those disadvantages do not depend on the technology.
Gary Marcus speculates they are upping their prices because they literally can't afford to hold out. I'm wondering if it is because they need better numbers for their IPO. VC funding be circulated to create nice sounding statements, but IPO filings have a standard of rigor where trying that would be fraud. So they are trying to squeeze their customers to get a few good looking (i.e. revenues higher than operating costs) quarters for the IPO.
Here is a (partially paywalled) blog post on why the indexes started to bend the rules https://rupakghose.substack.com/p/s-and-p-nasdaq-and-the-spacex-ipo