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A college student reached $64k/mo in 6 months by being an AI first mover

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Re: A college student reached $64k/mo in 6 months by being an AI first mover

#41
post #13

>"It made it very clear that my goal of making $10k a month from a side project is not a crazy goal to have." Honestly that entire interview just reveals how much of that poor guys thinking is already infected by the virus called capitalism. Accumulating personal wealth shouldn't be the end goal here. It's short-sighted and perpetuates the very system that created inequality and injustice in the first place. Instead…

It's a common line of thinking that forcing a greater good onto others will lift them up to your level of moral righteousness. Those on the downward arc of the evolution are learning to deal with the world around them. They can be greedy selfish predators and it's good and appropriate for them. If you stopped predators in the wild from hunting the peaceful animals, you would derail evolution of both kinds. If you somehow ended greed, the vast majority of people would go lethargic as your higher ideals don't resonate with them at all, and you've just taken away their only reason to act. On the other hand, those few who are tired of selfish endeavors are turning to the upward arc of the evolution and to them your ideals of equality might do some good.

Re: A college student reached $64k/mo in 6 months by being an AI first mover

#42
post #19
post #15

Earlier quoted context omitted.

What implied they didn't stop and consider before making this choice?

Thinking that acquiring n dollarydoos is a worthwhile goal to pursue with your time (and dedication and technical abilities which the student clearly has). I understand my comment was a bit radical and mean and I edited it, but that line just made me want to puke.

You aren't too radical watch "the invention of individual responsiblity" by Then & Now to see how the Capitalist system has infected us and atomised us it is no measure of good health to be well-adjusted to a profoundly sick society keep fighting for People and Process over Profit and Product, brave comrade the worst type of prison is the one people don't realise they are in

Re: A college student reached $64k/mo in 6 months by being an AI first mover

#43
post #26

Earlier quoted context omitted.

> FAANG and friends would just get together and come up with some kind of... I think the DOJ frowns upon that kind of behavior.

Industry associations creating certifications w/ testing?

Hm IANAL so am definitely waaay out over my skis here, but I assume the optics of large employers mutually deciding who is/isn't qualified to work for them lends itself to accusations of collusion and wage suppression.

Re: A college student reached $64k/mo in 6 months by being an AI first mover

#44
post #14

There are several stories of companies going from $0 to >$5M ARR in just a few months with the boom in LLM-driven applications. The downside for these types of apps is that churn rates are through the roof, and will probs die when the LLM fad inevitably fizzles.

LLMs aren't a fad though. Yasser has thousands of customers paying him real money because they find value in what his product does. I'm running a somewhat similar website ( https://Docalysis.com/ ) where users chat with files, and it's clear there's a lot of value being added, so people are willing to pay. What's less clear is how this all plays out when there's more competition, but it's not like we'll all go out of…

New architectures and models will inevitably replace LLMs, and it'll probably happen pretty quickly. The models we're using today will be outdated in 12 months time. The next big thing will a fusion of LLMs, LVMs (large vision models) and LAMs (large audio models) into modal-modal models.

Re: A college student reached $64k/mo in 6 months by being an AI first mover

#45
post #20
post #13

>"It made it very clear that my goal of making $10k a month from a side project is not a crazy goal to have." Honestly that entire interview just reveals how much of that poor guys thinking is already infected by the virus called capitalism. Accumulating personal wealth shouldn't be the end goal here. It's short-sighted and perpetuates the very system that created inequality and injustice in the first place. Instead…

(genuinely asking) Is there another theoretical system that properly incentivizes people to compete with each other, innovate, and take risks to solve problems? I ask in the "build new solutions" space – we all know there are plenty of rent-seeking businesses that add no value but just take money from everyone. I'm not trying to defend any of that. I'm only asking in the case of "people doing new, innovative things a…

Let's not conflate "capitalism" with a "market economy". Capitalism is where the investors/shareholders reap most if not all of the rewards from market successes, while the innovators and problem-solvers are paid a fixed salary and given nominal (and often ephemeral) equity.

An alternative system could reward all stakeholders equitably, instead of just investors. The larger set of stakeholders include employees, customers, even members of the community that don't actively participate in the business (but they sure are affected by the business' success--witness traffic problems in Seattle caused largely by the growth of Microsoft and Amazon).

It's a brilliant trick the capitalist class has played on us (and apologies to those of you on the capital side--it's probably not your individual fault), to get us to believe that the only way to get competition and innovation is to take their money and give them all the profits.

Re: A college student reached $64k/mo in 6 months by being an AI first mover

#46
post #32

So we are somewhere between 1995 and pets.com

And pets.com wasn't such a bad idea even, Fressnapf (the german word for the bowl pets eat from) and zooplus are growing and striving eCommerce businesses. Those AI start-up stories read more like your typical get-rich-quick (while loosing weight) scams.

Re: A college student reached $64k/mo in 6 months by being an AI first mover

#47
post #20

Earlier quoted context omitted.

(genuinely asking) Is there another theoretical system that properly incentivizes people to compete with each other, innovate, and take risks to solve problems? I ask in the "build new solutions" space – we all know there are plenty of rent-seeking businesses that add no value but just take money from everyone. I'm not trying to defend any of that. I'm only asking in the case of "people doing new, innovative things a…

communism, because when everyone's basic needs are guaranteed they have the mental/physical bandwidth to be innovators, and without commodity fetishism, scientific advancements can be made for the sake of responding to human needs, rather than facilitating the creation of products

Communism in the US is just never going to happen. Full stop. Just. Not. Happening.

Following your line of reasoning to conclusion, what incentive do I have to work if all my "needs" are provided already? Extrapolate that out to the rest of the population. Oh so now I am being forced to work? What motivation do I have to do a good job? What will happen, I'll get fired from the job? Who cares, all my 'needs' are already taken care of. By who? I don't know. Oh wait I do know, by NOBODY.

This communism bullshit has got to stop, it's just never going to fucking happen.

Re: A college student reached $64k/mo in 6 months by being an AI first mover

#48
post #22
post #8

there is literally a "how to" in the open AI api docs for the exact use case. I need to be more shameless the next go around.

Link? I didn't find it in https://platform.openai.com/examples

He might be referring to a page in the tutorials section titled, How to build an AI that can answer questions about your website: https://platform.openai.com/docs/tutorials/web-qa-embeddings

Re: A college student reached $64k/mo in 6 months by being an AI first mover

#49

I know this crowd / silicon valley is accustom to these kinds of stories. But we should remember that this is a college kid, who saw an opportunity and took initiative to build a business. The comments here are WAY too critical. We should celebrate these kinds of stories, instead of nitpicking. Additionally these 'A.I apps are just gold rush' comments are too dismissive about the potential. It may be that there are s…

A ton of HN'ers seem woefully butthurt over AI. I'm not saying that the current generation of AI is "smart" or "AGI", but every thread mentioning AI has a disproportionate amount of naysayers who think LLMs are either totally useless or that anything involving AI is "the next bitcoin."

When people knee-jerk react negatively to these kinds of stories, I can only picture envy and an insecurity of not truly knowing where AI will take the software field, despite the amount of certainty displayed by many.

Re: A college student reached $64k/mo in 6 months by being an AI first mover

#50

My first thought was: Good on him, that's solid revenue. My second thought was: This sounds like another idea that could easily be killed off by Google or similar companies, if they just add a "this is googlebert, your personalized analysis robot - just link your website/upload docs and ask away!" function. Or this kind of functionality simply becomes part of the batteries included package for ChatGPT etc.

It probably will get killed off, but this kid will have a nice fat wallet by then. Good for him!
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