10 years building vertical software: are we cooked?
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Re: 10 years building vertical software: are we cooked?
#2Show me even a single trader who would prefer a slow-ass chat interface to 36 monitors full of stock tickers and charts.
Re: 10 years building vertical software: are we cooked?
#3Getting really sick and tired of the AI doomerism.
Re: 10 years building vertical software: are we cooked?
#4Show me even a single trader who would prefer a slow-ass chat interface to 36 monitors full of stock tickers and charts.
Heck; show me anyone who is not more productive with a boring old UI once they learn how to use it. Maybe with a chat interface as a how-to assistant.
Re: 10 years building vertical software: are we cooked?
#5Getting really sick and tired of the AI doomerism.
I’m sick and tired of people forgetting that with every field, the first 95% is easy, the last 5% is almost insurmountably hard and what people get paid for.
Yelling “it’s 95% there, we’re so cooked” when anyone can be 95% there for any field since Google was invented doesn’t show much.
Re: 10 years building vertical software: are we cooked?
#6Was this generated by AI?
Anyway, I dispute that there's "zero switching" costs to go from proprietary keyboard shortcuts to english sentences as the interface.
In the bloomberg example, the shortcuts are precise. LLM's responses are not always what you want.
Imagine being a vim or emacs user and have those replaced by something you have to type entire sentences for functionality.
"Public Data Access → Commoditized"
Also, no. Today I tried to have gemini pro give me some data from wikipedia for a list of countries that I supplied. It gave me data and source links, but the numbers were all wrong! I would have zero confidence in this for anything serious.
Re: 10 years building vertical software: are we cooked?
#7The bottom of the market fell out because of political turmoil. The U.S just revised job numbers down by a million for the first time in decades. The author’s thesis about the future of software businesses could be right or wrong but it is not the cause of the recent market collapse.
Re: 10 years building vertical software: are we cooked?
#8Show me even a single trader who would prefer a slow-ass chat interface to 36 monitors full of stock tickers and charts.
Heck; show me anyone who is not more productive with a boring old UI once they learn how to use it. Maybe with a chat interface as a how-to assistant.
There's probably legit uses in finance for LLMs, in exploring potential scenarios and strategies, spit-balling ideas, summarizing financial news. Sure. Great. Maybe even as a trading agent, questionable, but I'd buy that as maybe happening.
But replacing Bloomberg terminals with "Chat with NYSE", that is no exaggeration one of the most out of touch ideas I think I have ever heard in my life!
Re: 10 years building vertical software: are we cooked?
#9> The S&P 500 Software & Services Index, 140 companies, fell 20% year to date.
The overall index has been pretty well flat. What sectors gained?
And surely there aren't 140 "software and services" companies in the top 500 by market cap?
Re: 10 years building vertical software: are we cooked?
#10Show me even a single trader who would prefer a slow-ass chat interface to 36 monitors full of stock tickers and charts.
Is trading even a real thing? Is there really a job title "trader"? Entities really think they can outperform DCA SPY?