Earlier quoted context omitted.
Using Claude 3.5 Sonnet in Cursor Composer already shows huge benefits for coding. I'm more productive than ever before. The models are still getting better and better. I'm not saying AGI is right around the corner or that we will reach it, but the benefits are undeniable. o1 added test-time compute. No need to be snarky.
It’s not snark, our industry is run on fear. If there is the tiniest flicker of potential, we will spend piles of money out of fear of being left behind. As you age, it becomes harder to deny.. 10 years ago, I was starting to believe that my kids would never learn to drive or possibly buy a car, here we are ten years later and not that much has changed, I know you can take a robotaxi in some cities but nearly all int…
I don't think the bulk of this VC money is predicated on AGI being around the corner.
But the general trend hopping nature of big VC money is real. Still, VCs manage to continue to make a profit despite this, otherwise the industry would have died off or shrunk the 10 other years HN critiqued this behaviour, so on the whole they must be doing something right.