31–40 of 228 posts
Surely this time we'll learn our lesson and disempower the parasites that create these situations, right? Right guys?
The scapegoats for this plan never change and have never changed in human history.
Earlier quoted context omitted.
So good at it that I’m right now in the process of building instead of buying. Here’s how that plays out in the economy: - My company spent $50 on my tokens to build this internal tool - Anthropic spent $XXX to deliver those tokens to me. - The company I was going to buy the tool from lost $XX,XXX per year that I would have paid them. I dunno, kind of sounds like the economy just got smaller. I could usually accept t…
Are you putting the $XX,XXX-50 under your mattress or investing it in something else productive?
Every company has a list of >WACC IRR projects that it can spend saved money on. If not, it’s a cash cow company that wasn’t growing in the first place and will allow shareholders to use the saved cash for other economically expanding projects.
Earlier quoted context omitted.
Are you putting the $XX,XXX-50 under your mattress or investing it in something else productive?
Unless that money is being spent on more tokens, it'll probably be used for stock buybacks.
Earlier quoted context omitted.
Extract rents? I don’t think you’re using the term rent correctly here.
No, it's correct. The best (short-term) case is that they become eternal parasites. If they fail to do that, they'll bring a lot down with them when they fall.
Producing a product that delivers value and people are willing to pay for makes you a "parasite"? Sure, it might cause massive disruptions to the labor market, but that's mostly orthogonal to whether it's a "parasite" or not. Mechanized farming has almost wiped out agricultural employment (compared to pre-industrial levels), but that doesn't make tractor manufacturers or fertilizer companies "parasites"
Surely this time we'll learn our lesson and disempower the parasites that create these situations, right? Right guys?
Meanwhile AI has gotten so good it can just about one shot a SaaS app. I’m not worried about it…
So good at it that I’m right now in the process of building instead of buying. Here’s how that plays out in the economy: - My company spent $50 on my tokens to build this internal tool - Anthropic spent $XXX to deliver those tokens to me. - The company I was going to buy the tool from lost $XX,XXX per year that I would have paid them. I dunno, kind of sounds like the economy just got smaller. I could usually accept t…
Meanwhile AI has gotten so good it can just about one shot a SaaS app. I’m not worried about it…
Yeah but the investments arent aiming for churning out SaaS apps. Its to automate large swathes of intellectual labour. Of which only SWE has been cracked yet. There is a question mark as to if the others will crack. If they arent then these investments will collapse from speculation down to reality. That possibility is what is being discussed here As to whether that will happen, I think that risk is real. Because cl…