"My conclusion isn’t just that ChatGPT is another con game—it’s the biggest one of them all."

"ChatGPT, the AI bot, [is] the hottest thing in tech right now.
    "Judging by my Twitter feed, ChatGPT is hotter than Wordle and Taylor Swift combined.
    "It’s even hotter than its predecessor Sam Bankman-Fried, who was doing something similar 12 months ago. ChatGPT is just better than SamFTX in every way. It can’t even be extradited—because it’s just a bot.
    "People love it. People have confidence in it.
    "They want to use it for everything—legal work, medical advice, term papers, or even writing Substack columns [like mine] ....
    "Instead of offering up my opinions on this, I’ll just share some tweets from knowledgeable observers who are starting to suspect the con.
    "I’ll let you decide for yourself whether this measures up to a confidence game....
    "My conclusion isn’t just that ChatGPT is another con game—it’s the biggest one of them all. Microsoft even wants to hand over its entire search engine to this AI bot. Premium subscriptions are already available.
    "Some of you will tell me that I’m making a hasty judgment. ChatGPT will get better, they say. It will get smarter.
    "That’s exactly what I’m afraid of. The ethics code should have been inserted at the ground level—but it wasn’t. At this point, incremental improvements only make it better at its confidence game.
    "But in one way, it’s all so fitting. The con artist always gives people exactly what they want. And in a post-truth society, nobody does this better than AI. So I predict great things for ChatGPT—at least in economic terms. It will certainly live up to Sneaky Pete’s standards:
    "'I give people confidence. They give me money.'"

~ Ted Gioia, from his post 'Introducing the Slickest Con Artist of All Time: Or ten tweets about ChatGPT'

Punishing success: It's not un-European

Some people see lots of other people buying stuff in large quantities and they think, "Hmm, people must want that." The Europeans see a company churning out products that people have been queuing up to buy and ask, "How can we put a stop to that?"

Microsoft is getting another spanking for the crime of producing products that people want, this time in the European courts who fantasise that "consumers are suffering at the hands of Microsoft." The Europeans are pig ignorant buffoons who are ensuring that consumers will suffer, just as they always do with every antitrust decision.

"Once again," as Onkar Ghate pointed out last time Microsoft was given the finger by the courts,

Microsoft is being attacked for its success: in reality it has no monopoly power just brilliant management.... Microsoft is today's prime example of what Ayn Rand called 'America's Persecuted Minority.' Like an increasing number of big businesses, Microsoft is being punished for being successful, for making products that people want to purchase.

Microsoft has no monopoly power? It's true. Microsoft has no political power to force to consumers to buy its products, only the economic power to offer them products worth buying. In fact, as George Reisman explains, it is Microsoft's competitors who are after the monopoly:

What underlies such an incredible outcome is the utterly mistaken belief that overwhelming competitive success, to the point that one man or one company dominates an entire industry, constitutes monopoly. This, of course, is the kind of success that Gates and Microsoft have enjoyed.

The fact is that such an outcome of free competition is not monopoly. But it is monopoly when those capable of bringing about such an outcome are forcibly excluded from an industry, or any part of an industry. The accompanying forcible reservation of an industry or part of an industry even to a mass of less capable producers is the real monopoly, as much as if the industry had been forcibly reserved to the possession of one man or one company. The essential element in monopoly is forcible exclusion and forcible reservation, not the number of producers.

So the Europeans fantasise that "consumers are suffering at the hands of Microsoft." Mark Hubbard looks at the European decision and confesses to "a fantasy" of his own, a "daydream, that Bill Gates will hold a press conference and announce the demise of Microsoft forthwith: no new products, no support for existing ones, they are simply going to disappear: and then see what the world looks like."

It's an interesting thought, isn't it. Who would suffer then, I wonder. Who needs whom more?