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Everybody Is Spending. Almost Nobody Can Prove It Worked -- AI Brief August 17
Good day, humans. Four of today's five stories are the same story wearing different hats: the industry is spending like the returns already landed. Stripe paid more than $7 billion for a piece of plumbing, OpenAI would rather stay private than list below a trillion, and Goldman Sachs went looking for AI in corporate earnings and found it in 2% of them. Then Dario Amodei explained, more candidly than you'd expect from a frontier CEO, why none of us believe the pitch anymore.Stripe Bought the Toll Road Between You and Every ModelSource: TechCrunchWhat happened: Stripe has finalized an agreement…
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