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Generative AI Is Having Its Herbalife Moment

whatwelo.st

21–30 of 69 posts

Re: Generative AI Is Having Its Herbalife Moment

#21
I can't help but wonder if this is really so different from an ad for any tool. If you see an ad for say kitchenware, it probably contains a lot of beautiful food with the implication that if you buy the pan you too can cook great food. Of course that takes skill and the frying pan doesn't matter too much.

I guess im wondering where is the line that makes this evil but my made up frying pan ad just a harmless exageration.

Re: Generative AI Is Having Its Herbalife Moment

#22

> [...] serving me ads for Replit — one of the many vibe-coding startups that have emerged in the past couple of years, Replit (formerly repl.it) has been around for a decade as an online IDE / runtime, productized from work from 2009 for editing environments on udemy and co. But like many companies they pivoted their marketing schtick to AI because that's where the money is. Cursor and Zed are editors, but because t…

The Replit CEO also harassed a kid on HN who made an open source version of it.

https://news.ycombinator.com/item?id=27424195

Re: Generative AI Is Having Its Herbalife Moment

#23
post #14

Earlier quoted context omitted.

> everyone has the same (extremely low) odds In the author’s example, Replit has a very high chance of making a profit on those folks’ desperation. It’s not exactly an MLM. But the predatory mechanism is close. Loan sharking might be a more exact analog for the financial bit, but the social-media marketing strikes closer to MLMs.

I think the standard analogy would be selling shovels to the gold miners.

> standard analogy would be selling shovels to the gold miners

There was actually gold in the California hills. Nobody is starting a business the way the Replit ads seems to be pitching.

This one’s a simple pump and dump before the attorneys general get wiser.

Re: Generative AI Is Having Its Herbalife Moment

#24

Earlier quoted context omitted.

The preceding clause is just as bad: >> the belief that AI can — and will — displace white-collar jobs is a lie that’s been accepted by the masses I see no argument whatsoever in the piece as to why this is the case, just an emphatic declaration. Anyway. The belief that the author isn’t talking out of their ass is an insidious lie spread by dark forces. QED.

> I see no argument whatsoever in the piece as to why this is the case, just an emphatic declaration. We’ve heard Claude is good enough now that you no longer need SE and founders will just do their coding for a year already. It hasn’t happened. And guess who develops CC and other Anthropic/OpenAI products?

The false part is that the masses do not accept the lie, as most don't actually believe those companies.

Re: Generative AI Is Having Its Herbalife Moment

#25
post #14

Earlier quoted context omitted.

I think the standard analogy would be selling shovels to the gold miners.

> standard analogy would be selling shovels to the gold miners There was actually gold in the California hills. Nobody is starting a business the way the Replit ads seems to be pitching. This one’s a simple pump and dump before the attorneys general get wiser.

I'm sure someone somewhere at some point has made some money on replit. There is always an outlier.

Keep in mind the vast majority of gold miners found no gold.

Re: Generative AI Is Having Its Herbalife Moment

#26

Earlier quoted context omitted.

We're what, 2 years in? Or 6 months since the coding models became reasonably proficient. No one knows what AI will look like 6 months from now let alone 5 years so the present jobs data can't tell you anything other than that nothing catastrophic has happened yet .

> No one knows what AI will look like 6 months No, but we know what it’s looked like over the past 6 months. We also have two years of Altman preening about imminent, massive job losses. Per his own timelines, those haven’t manifested. Predicting indeterminate catastrophe isn’t a prediction, it’s a scam.

And its a quite insane thing to push, even if true - AI spend has outgrown wages (even in software) to such a degree, that basically if AI allowed companies to fire every human employee, they wouldn't be saving that much.

Re: Generative AI Is Having Its Herbalife Moment

#27

The analogy to MLM doesn’t work. In a pyramid scheme, early investors are guaranteed money, whereas late investors are guaranteed losses. With a vibe-coding platform, everyone has the same (extremely low) odds of building a hit app, so is at least more equitable in that sense.

I think the point the author is trying to convey, is that they are similar to MLM schemes in that they profit off of peoples hopes and dreams. Altough there are MLMs that are pure pyramid schemes, there are some where it is also not impossible to earn some money with it. Their products do not even have to be downright bad or fake. Having read Daniel Kahneman, I suppose with (economic) desperation people become especially suceptible to hear the siren's call of such marketing. What would have made the comparison to MLM more apt tough, is if there would be a thing like: you buy X subscriptions and may resell them, or if you have Y people that you convince to also become subs/tokens sellers you also get a cut.

Re: Generative AI Is Having Its Herbalife Moment

#30
post #25

Earlier quoted context omitted.

> standard analogy would be selling shovels to the gold miners There was actually gold in the California hills. Nobody is starting a business the way the Replit ads seems to be pitching. This one’s a simple pump and dump before the attorneys general get wiser.

I'm sure someone somewhere at some point has made some money on replit. There is always an outlier. Keep in mind the vast majority of gold miners found no gold.

> the vast majority of gold miners found no gold

Source? We would do panhandling trips as Boy Scouts in the California hills. On each outing at least someone found gold. Which means every one of us would have eventually found some given a few days.

Most panhandlers didn’t break even. But I’m challenging even that threshold for Replit. I’m guessing most of their vibe-coded businesses never make a penny of revenue.

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