Sequoia Capital's analysis of the AI arms race in game-theoretic terms is chilling by implication.
Not the AI startup grifters, or the GPU manufacturers selling shovels during the gold rush, but the existential terror that's got Microsoft/Google/Amazon/Apple/Facebook and hangers-on all panicking and shovelling billions into the sector?
Our biggest corporations are locked in a prisoner's dilemma game. And when this bubble bursts it'll swallow about a trillion dollars.
https://www.sequoiacap.com/article/ai-optimism-vs-ai-arms-race/