I'm always amazed how entitled people are these days for free stuff. That being said, it does show costs are piling up for these AI companies if even Google is restricting free access to a relatively smaller model amid the AI hype train. Good!
Years of low interest rates fueled by monetary manipulation created the free economy. This is no longer sustainable when creditors demands interest rates better aligned with historical norms.
I've always hated "free" because it sucks the oxygen away from good ideas and redirects money to people who have the connections to get zero risk loans (with no responsibility to pay the principal if things go bad).
Over the past ~20 years we have benefited from VCs valuing growth and distant payoffs, in part because discount rates were low. Now investors have a preference for nearer term profitability (higher discount rates), thus prices are increasing.
expedited123 · · focus · HN ↗
glimshe · · focus · HN ↗
I've always hated "free" because it sucks the oxygen away from good ideas and redirects money to people who have the connections to get zero risk loans (with no responsibility to pay the principal if things go bad).
jbs789 · · focus · HN ↗
Over the past ~20 years we have benefited from VCs valuing growth and distant payoffs, in part because discount rates were low. Now investors have a preference for nearer term profitability (higher discount rates), thus prices are increasing.