this post was submitted on 26 May 2026
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175
'I'm delighted to ⁠be wrong': Sam Altman says AI won't lead to a 'jobs apocalypse' - but admits he was 'pretty wrong' on the social and economic implications it is having (www.techradar.com)
submitted 21 hours ago by throws_lemy@reddthat.com to c/technology@lemmy.world
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[–] Jhex@lemmy.world 27 points 20 hours ago* (last edited 19 hours ago) (2 children)

got lucky with a startup and sold his stake for a decent sum

He didn't get lucky... him and others bamboozled investors into buying Loopt which was never functional, once sold, it shut down in months. Exactly what he is doing right now

https://www.youtube.com/watch?v=l0K4XPu3Qhg

Early days discussion (what I am referencing here) starts at 2:15

[–] Asafum@lemmy.world 24 points 19 hours ago (1 children)

I wish I had no morals... Life is so easy when you don't give a single fuck about what you do to others... It's so infuriating to see how many wealthy people have amazing lives because they simply don't give a single fuck about anything but themselves.

Sociopathy is greatly rewarded in this stupid world we live in. :/

[–] Flower@sh.itjust.works 2 points 16 hours ago

The trick is to be rich. Wealth and power does things to a brain and makes the empathy circuits wither and die, so perfect for getting even more rich.

[–] Hapankaali@lemmy.world 3 points 18 hours ago (1 children)

I didn't really look into what this startup did, but it doesn't surprise me. Elon Musk has a very similar kind of story, bullshitting his way to being a billionaire. The system is very heavily stacked in favour of dishonest people.

[–] MangoCats@feddit.it 3 points 17 hours ago

The system is very heavily stacked in favour of people with a lot of money to start with. Then, those that are "willing to risk it" can reap outrageous returns when their longshots come in. We don't see the losers, but the ones that hit their longshots are what we have "at the top" now.