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by flax 515 days ago
Nah. It's a huge mistake, yes. But it's not the biggest.

The biggest is overconfidence in AI coding solutions and attempting to replace programmers, while adding a huge expensive dependency on a third party to provide access to the AI models and cloud. It'll be some small schadenfreude consolation when these companies are shaken down by the enshittification of those AI providers.

2 comments

All these companies need to look over at OpenAI and see all the engineers and support staff they are hiring and then ask themselves some hard questions about what narrative they believe.
... and then they should tell all those investors that the AI bubble #9 is going to go the way of AI bubbles #1 to #8, from Eliza and the IBM voicebox, to the pre-transformer convnet craze and fizzle out except in specific niches, cutting their stock price in half?
Are they really doing that?

Because yeah, they say that they are doing all the time. But it's not something simple to do (I'd say "possible", but well...) and I'm yet to see anybody actually explain how.