[cmiles74]

> The people writing the checks are not in the habit of lighting trillions of dollars on fire for a better autocomplete and an endless proliferation of longer and longer memos that nobody reads.

Aren’t they though? What about that whole crypto thing.

[pdonis]

That comment struck me as well. One other thing it gets wrong is that the "trillions of dollars" are just numbers in a cap table based on a paper valuation. They're not money that anyone has actually forked over; those numbers are quite a bit smaller.

[oezi]

The article gives the number as well 300bn invested so far vs 10 trillion paid in salaries for white collar/knowledge work labor.

[Sevii]

These are people who spend billions on whatever this decade's hype cycle is.