Wall Street just lost $285B because of 13 Markdown files
martinalderson.com
Wall Street just lost $285B because of 13 Markdown files
1–10 of 54 posts
Re: Wall Street just lost $285B because of 13 Markdown files
#2[flagged]
Re: Wall Street just lost $285B because of 13 Markdown files
#3One of the things about this whole death of SAAS thing is -
People buy SAAS to offload the cognitive load of understanding the problem space, not just because it’s hard to write for loops.
But writing code probably is a cost. I think there will be an impact but I wonder if - these big companies keep selling to big companies because no one wants to hire a whole ass compliance team to ensure the business logic is consistently up to date.
But maybe there’s a whole lot of people caught up in edge cases that can be solved by a smaller team now? This I think is mostly what I hear about.
In summary, I suspect this is an overcorrection but there is some level of core concern here.
But like, how are IFTTT and zapier doing?
Re: Wall Street just lost $285B because of 13 Markdown files
#4I clicked and starting reading this expecting some actual connection between said markdown files and losing money. There was nothing at all like that in this blog post.
Re: Wall Street just lost $285B because of 13 Markdown files
#5One of the things about this whole death of SAAS thing is - People buy SAAS to offload the cognitive load of understanding the problem space, not just because it’s hard to write for loops. But writing code probably is a cost. I think there will be an impact but I wonder if - these big companies keep selling to big companies because no one wants to hire a whole ass compliance team to ensure the business logic is consi…
Indeed. Management is excited about AI now, until they figure out the problem is not, and has never been, writing the initial code.
It’s maintenance, compliance and support that is the reason they bought instead of built.
Re: Wall Street just lost $285B because of 13 Markdown files
#6I am assuming the author doesn’t know much about how this flow actually goes since he didn’t get into that at all.
It is annoying to see a complex field as law being judge by stock prices of some SaaS products or w/e they are basing this on.
Could have at least gave it some effort and interviewed 2-3 people that use these kind of products but that would be too much work surely.
It is not surprising that people that slop like LLMs are so into LLMs
Re: Wall Street just lost $285B because of 13 Markdown files
#7https://github.com/anthropics/knowledge-work-plugins - Apache 2.0 licensed
"Go away or I will replace you with a very small shell script" used to be BOFH lore, now it has become real. This is great.
Re: Wall Street just lost $285B because of 13 Markdown files
#8Re: Wall Street just lost $285B because of 13 Markdown files
#9I clicked and starting reading this expecting some actual connection between said markdown files and losing money. There was nothing at all like that in this blog post.
The connection is implied: technology companies quite suddenly lost a $285bn in market valuation, which means that the owners of these companies (either as stock or other forms of equity) have a combined $285bn less net worth. And apparently people are linking this sudden decrease in market valuation to "Anthropic launching a legal tool", which essentially consists of said markdown files.
Re: Wall Street just lost $285B because of 13 Markdown files
#10I have been working tirelessly trying to explain to gullible investors this EXACT thing.