Zuckerberg would rather «misspend a couple of hundred billion» than lose out on AI race

Zuckerberg would rather misplace hundreds of billions of dollars than lose out in the AI race.
The Meta CEO is more worried about losing out than some failed investments, even in the billions. (Picture: screenshot, Access podcast)
Mark Zuckerberg made the statement on the Access podcast, claiming the risk was «probably in not being aggressive enough.»

— That’s going to be very unfortunate obviously. But I would say the risk is higher on the other side, he said.

A $600 billion bet
Getting it right on «superintelligence,» or artificial general intelligence, is a clear priority for the Meta CEO, and he has already promised $600 billion of total investment in the technology until 2028.

That number is «the total envelope» of the spending, says Meta CFO Susan Li to Business Insider, including data center buildout and the high wages for the people hired to its Superintelligence lab.

Most important technology
Zuckerberg goes on to call AI the most important technology in the foreseeable future, and worries more about being left out:

— If you build too slowly, and superintelligence is possible in three years but you built it out while assuming it would be there in five years, then you’re out of position on what I think is going to be the most important technology that enables the most new products and innovation and value creation in history.

Is it a bubble?
The next question for Zuckerberg is whether we are in a bubble or not, with Meta having already spent $155 billion on it. He’s not too worried, it seems:

— There are compelling arguments for why AI could be an outlier, Zuckerberg said, but — If the models keep on growing in capability year-over-year and demand keeps growing, then maybe there is no collapse.

He does however caution that empirically, there is a possibility of large capex investments like what we are seeing in AI could lead to one.

But until then, Zuckerberg is all in on AI.

Read more: The Access podcast with Mark Zuckerberg, writeup on Yahoo Finance, discussion on r/Singularity.