Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Cognition (Devin AI) to Acquire Windsurf

cognition.ai

Post reply on HN
Print view View original

131–140 of 447 posts

Re: Cognition (Devin AI) to Acquire Windsurf

#131

Post by meta_ai_x »

shortrounddev2 wrote: post #124
meta_ai_x wrote: post #123

Earlier quoted context omitted.

lol is a coping mechanism for the poor. If you really think top VCs / investors haven't learnt the long-term importance of staying the course, then you know nothing about the industry and mostly being influenced by popular social media posts shitting on the investor class. There is a reason Anthropic/OpenAI and many startups are given much much longer ropes to be profitable than in the 2000 era when VCs pulled the ru…

If VCs knew what they were doing, they'd have real jobs

There are always shitty 20% operators in every industry. They won't make money and get weeded out.

Delusional to apply this to top operators (and at the same breath complain about Rich getting Richer)

Re: Cognition (Devin AI) to Acquire Windsurf

#132

Post by asadotzler »

meta_ai_x wrote: post #120
pm90 wrote: post #113

I think the amount of turmoil around these deals is giving more weight to the possibility that we’re in a massive bubble thats quite divorced from any kind of fundamentals. Sooner or later the bubbles gonna burst.

The dot-com was a bubble because investors pulled money and belief at the first sign of trouble. The landscape has changed dramatically now. Investors and VCs have learnt if we stick with winners and growth companies, the payoffs are massive. We also have more automatic, retail and foreign money flowing into the market. Buy the dip is a phenomenon that didn't exist at the scale it is now. Pre-2015 if Big Money pulled…

It is foolish to compare to the dot com boom and bust. At least when that bubble burst we still had the global broadband internet that it built. When this bubble bursts, we'll have next to nothing to show for it.

Re: Cognition (Devin AI) to Acquire Windsurf

#133

Post by handfuloflight »

Buttons840 wrote: post #88

Hello Cognition AI, My name is Devin; it has been for many decades now. I'm embarrassed to see you've named your product after me. It has already prompted uncomfortable jokes at my expense, and I'm sure there will be more. I now have newfound empathy for people named Alexa. For instance, people have made jokes about my name in interviews, and it's embarrassing for me, and thus awkward for everyone, and awkward intera…

Meanwhile, Claudes are getting ahead!

Re: Cognition (Devin AI) to Acquire Windsurf

#134

Post by handfuloflight »

shortrounddev2 wrote: post #124
meta_ai_x wrote: post #123

Earlier quoted context omitted.

lol is a coping mechanism for the poor. If you really think top VCs / investors haven't learnt the long-term importance of staying the course, then you know nothing about the industry and mostly being influenced by popular social media posts shitting on the investor class. There is a reason Anthropic/OpenAI and many startups are given much much longer ropes to be profitable than in the 2000 era when VCs pulled the ru…

If VCs knew what they were doing, they'd have real jobs

Allocating capital might be the "realest" job in capital...ism.

Re: Cognition (Devin AI) to Acquire Windsurf

#135

Post by sealeck »

asadotzler wrote: post #132
meta_ai_x wrote: post #120

Earlier quoted context omitted.

The dot-com was a bubble because investors pulled money and belief at the first sign of trouble. The landscape has changed dramatically now. Investors and VCs have learnt if we stick with winners and growth companies, the payoffs are massive. We also have more automatic, retail and foreign money flowing into the market. Buy the dip is a phenomenon that didn't exist at the scale it is now. Pre-2015 if Big Money pulled…

It is foolish to compare to the dot com boom and bust. At least when that bubble burst we still had the global broadband internet that it built. When this bubble bursts, we'll have next to nothing to show for it.

We will have a mountain of GPUs!

Re: Cognition (Devin AI) to Acquire Windsurf

#136

Post by asadotzler »

bradly wrote: post #38
seatac76 wrote: post #26

I hope Windsurf employees made some money in this whole kerfuffle. Would be terrible if they got left out of the payday.

Very clearly called out in the article: > To that end, Jeff and I worked together to ensure that every single employee is treated with respect and well taken care of in this transaction. Specifically: > 100% of Windsurf employees will participate financially in this deal > 100% of Windsurf employees will have vesting cliffs waived for their work to date > 100% of Windsurf employees will receive fully accelerated vest…

Not clearly called out. That call out is as clear as mud. We have no idea how much if any money the left behind employees will get and it's almost certainly far less than they would have got if their execs had held out for a deal that benefited everyone instead of their selfish and damaging to the entire startup ecosystem deal with Google.

Re: Cognition (Devin AI) to Acquire Windsurf

#137

Post by joe_the_user »

theappsecguy wrote: post #119
yomismoaqui wrote: post #118

Earlier quoted context omitted.

Remember that the web also had a bubble that popped and look at where are we now with Google, Amazon, Meta... I think that there is a bubble but it's shaped more like the web bubble and less like the crypto bubble.

“Web” is such a broad category. Quite a leap from LLM wrappers.

Well, LLMs are themselves very broad. They encompass everything from web search to everything that you could automate yourself but don't have the time.

I don't LLM capacities have to reach human-equivalent for their uses to multiply for years to come.

I don't LLM technology as it exists can reach AGI by the simple addition of more compute power and moreover, I don't think adding computer necessarily is going to provide proportionate benefit (indeed, someone pointed-out that the current talent race acknowledges that brute-force has likely had it's day and some other "magic" is needed. Unlike brute-force, technical advances can't be summoned at will).

Re: Cognition (Devin AI) to Acquire Windsurf

#138

Post by ar_lan »

rwyinuse wrote: post #126

I don't see a justification for high valuations of companies that aim to build an "AI Software engineer". If something like Devin really succeeds, then anyone can use their product to simply build their own competing AI engineer. There's no moat, it's just another LLM wrapper SaaS.

This is my exact takeaway too, and I'm always surprised it doesn't get mentioned often. If AI is truly groundbreaking, then shouldn't AI be able to re-implement itself? Which, to me, would imply that every AI company is not only full of software devs cannibalizing themselves, but the companies themselves also are.

Re: Cognition (Devin AI) to Acquire Windsurf

#139

Post by broast »

macNchz wrote: post #127
yomismoaqui wrote: post #118

Earlier quoted context omitted.

Remember that the web also had a bubble that popped and look at where are we now with Google, Amazon, Meta... I think that there is a bubble but it's shaped more like the web bubble and less like the crypto bubble.

As with any investing there's a risk appetite/timescale component to thinking about this stuff. Lots of companies went to zero in the dot-com bubble. Even Amazon was down over 90% between the end of 1999 and late 2001, and took until 2007 to recover to its high. NASDAQ overall took 15 years to return to its March 2000 high. Some incredible returns to be had if you waited it all out, to be sure, but it's hard to know…

It's taken Cisco 25 years to recover

Re: Cognition (Devin AI) to Acquire Windsurf

#140

Post by sealeck »

meta_ai_x wrote: post #123
shortrounddev2 wrote: post #122

Earlier quoted context omitted.

> Investors and VCs have learnt lol. Investors and VCs have no idea what they're doing

lol is a coping mechanism for the poor. If you really think top VCs / investors haven't learnt the long-term importance of staying the course, then you know nothing about the industry and mostly being influenced by popular social media posts shitting on the investor class. There is a reason Anthropic/OpenAI and many startups are given much much longer ropes to be profitable than in the 2000 era when VCs pulled the ru…

The thing that was most disillusioning for me here was SVB -- failure to apply basic principles of banking (i.e. they never really had a plan for central bank interest rates to change more than +-1%). Not just that the VC types running a bank weren't able to do so, but that such a large number of tech companies held all their cash on hand in a bank account (and didn't deposit anything in another bank, or a money-market fund/t-bills).
Post reply on HN