Anyone else has an increasing feeling that all the AI hype is turning into a "Dot-Com Bubble x 2008 Credit Default Swaps" collab?
I think a lot of people suspect that, but no one is able to help themselves. Manias are a feature/bug of humanity.
Google plans to invest up to $40B in Anthropic
181–190 of 868 posts
Re: Google plans to invest up to $40B in Anthropic
#182I consider them competitors… This reminds me of Microsoft in 1997 investing $150 million in Apple, saving it from near bankruptcy
> Microsoft in 1997 investing $150 million in Apple, saving it from near bankruptcy.
If only Apple could pass the favor forward. But no, they can't be bothered to invest even a single million in Asashi Linux to benefit their own hardware.
Re: Google plans to invest up to $40B in Anthropic
#183Earlier quoted context omitted.
What is all this AI doing? People are spending 10’s to 100’s of billions and no service or technology seems better or cheaper. Everything is more expensive and worse.
I keep seeing this take. And yet.. building shit is no longer the sole domain of the software engineer. That's the sea change. I've literally had finance and GTM stand things up for themselves in the last few weeks. A few tweaks (obviously around security and access), and they are good to go. They've gone from wrangling spreadsheets to smooth automated workflows that allow them to work at a higher level in a matter o…
So... more 'busy work'.
The only thing that matters is the impact on the financials. The shareholders (the people who employ you) dont care about any of this if it does not enhance value.
Re: Google plans to invest up to $40B in Anthropic
#184If you added up all the major AI valuations, it's apparently worth more than products Americans constantly buy and rely on for their main life. So either AI is going to be involved in every Americans life to a large degree, and paying real money for, or these valuations are insanely wrong.
Stocks vs Flows! You can't compare (as in subtract and check sign) $ and $/s!
Re: Google plans to invest up to $40B in Anthropic
#185Earlier quoted context omitted.
What is all this AI doing? People are spending 10’s to 100’s of billions and no service or technology seems better or cheaper. Everything is more expensive and worse.
I'm burning an insane number of tokens 8-12 hours a day for the dramatic improvement of some internal tooling at a big tech company. Using it heavily for an unannounced future project as well. I presume I'm not the only one.
We suddenly have a proliferation of new internal tools and resources, nearly all of which are barely functional and largely useless with no discernible impact on the overall business trajectory but sure do seem to help come promo time.
Barely an hour goes by without a new 4-page document about something that that everyone is apparently ment to read, digest and respond to, despite its 'author' having done none of those steps, it's starting to feel actively adversarial.
Re: Google plans to invest up to $40B in Anthropic
#186It feels like the market is full Wiley Coyote on frontier model makers, and I like Anthropic's B2B business model. But all progress points to a commodification of foundation models--Google first named it as "we have no moat, neither does anyone else." So there must be some secondary play driving this, right? Hardware sales? Hedging for search ad revenue? Still feels mispriced. I think asset inflation leaves too much…
YouTube is a kind of moat for Google.
Re: Google plans to invest up to $40B in Anthropic
#187Earlier quoted context omitted.
What is all this AI doing? People are spending 10’s to 100’s of billions and no service or technology seems better or cheaper. Everything is more expensive and worse.
I keep seeing this take. And yet.. building shit is no longer the sole domain of the software engineer. That's the sea change. I've literally had finance and GTM stand things up for themselves in the last few weeks. A few tweaks (obviously around security and access), and they are good to go. They've gone from wrangling spreadsheets to smooth automated workflows that allow them to work at a higher level in a matter o…
Mind sharing what industry you’re seeing this in? I’ve never talked to finance or GTM as an engineer. I’m not sure GTM exists in my industry.
Re: Google plans to invest up to $40B in Anthropic
#188Hopefully this money means more compute infrastructure to help Anthropic counter the efficiency changes that have created this perceived downtrend in claude quality.
> the efficiency changes that have created this perceived downtrend in claude quality”
Why the euphemism? What Anthropic did was an aggressive degradation of their model to save compute, and it's not just “perceived downtrend”, Anthropic themselves have acknowledged the quality of service degradation.
Re: Google plans to invest up to $40B in Anthropic
#189Earlier quoted context omitted.
I'm burning an insane number of tokens 8-12 hours a day for the dramatic improvement of some internal tooling at a big tech company. Using it heavily for an unannounced future project as well. I presume I'm not the only one.
We suddenly have a proliferation of new internal tools and resources, nearly all of which are barely functional and largely useless with no discernible impact on the overall business trajectory but sure do seem to help come promo time. Barely an hour goes by without a new 4-page document about something that that everyone is apparently ment to read, digest and respond to, despite its 'author' having done none of thos…
Im convinced none of these people have any training in corporate finance. For if they did they'd realise they were wasting money.
I guess you gotta look busy. But the stick will come when the shareholders look at the income statement and ask... So I see an increase in operating expenses. Let me go calculate the ROIC. Hm its lower, what to do? Oh I know, lets fire the people who caused this (it wont be the C-Suite or management who takes the fall) lmao.
Re: Google plans to invest up to $40B in Anthropic
#190Earlier quoted context omitted.
There are countless examples, but let's say Ford. Worth $150 billion, $50 billion not counting debt. My neighbors just gave Ford $60k. It'll be a while until my neighbor gives Anthropic $60k.
At 20 year depreciation it’s $250 a month. Close to Anthropic’s $200 model. IMHO at this point a lot of developers would rather walk than code manually.
Yeah, but $200 a month is not a sustainable price.