gwern comments on Things you are supposed to like - Less Wrong
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See Schmidhuber (of AIXI etc):
I'm watching his '09 Singularity Summit talk now. Is there a reason I shouldn't consider it massively important?
It's been a while since I read his writing on this topic, but I remember thinking that it is a cute idea, yet I really wanted experimental backing (which ought to be easy to do) and the generated stuff didn't seem very pretty.