As I detailed in that Friendica post, GenAI is a scam, because its entire dataset is fraudulently obtained by mass plagiarism, and it runs like a Ponzi scheme in that it steals new data to augment the old data, like how Ponzi schemes steal new money to pay off their old marks.

GenAI is robbing Peter to pay Paul, but with data instead of money, and somehow people think this is OK, while Bernie Madoff got locked up until he died for orchestrating what was the largest Ponzi scheme in history at the time in '08; in 18 years we went from actively prosecuting fraudsters, to basically giving them a free pass to defraud as many people across as many industries as they want, as Sam Altman, who I view to be basically the modern-day Bernie Madoff, will probably never even see fines for his atrocities, let alone the inside of a prison cell.

We locked up Bernie Madoff until he died for running an actual Ponzi scheme in '08, and bankrupting a ton of people and organizations across all tax brackets in the process, but we’re letting Sam Altman get away clean with running the same type of fraud, but with data instead of money, people…

  • Broadfern@lemmy.world
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    9 days ago

    Nothing gets done until rich people get wronged. That was the rub in ‘08 too.

    How about all the MLMs that are allowed to run rampant? Poor(er) and middle class people get scammed all the time with next to no recourse. Artists are mostly poor, so in corporate and government eyes that’s just meat to grind for the money printer.

    Once the bigger corporations and wealthy shareholders start actually eating loss, then we might get some sort of action. But until then, best we can do is to continue to not use it.