211–215 of 215 posts
The fact that I'm getting rate-limited every day even though my company has enterprise-level subscriptions to gemini, chatgpt, etc. tells me this bubble is far from popping. I predict within a year 80%+ of devs will be using LLMs to write most of their code for them.
If they are rate limiting you, it means they already started enshitfying the product before it is even profitable
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GDP does not require that the goods or services were sold for money. GDP measures the market value adjusted to constant quality of all final goods and services produced. GDP can grow even with fewer workers, fewer hours, fewer buyers, and fewer units sold. So the way I understood it, productivity, efficiency and quality gains can increase GDP year over year. Say we are a country of 1 person. If that person can make a…
But this only addresses the supply side. The demand side has to be buying those two cars. The 1 person country car that one or two car would need to be bought by someone else there is no GDP consumption recorded
That's why in my 1 person country example, GDP still goes up, nobody has to buy the cars.
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Thats because both then and now there’s a perception that it’s a land grab. That the key to success is developing a brand and user base faster than the next person can. And that’s where AI makes things so hard. Creating a protective moat.
also people forget that user base can change, yahoo -> gmail, altavista -> google search etc
The minute Amazon stops being good about refunds or a cheaper delivery app comes out than DoorDash I’m gone. No loyalty.
And both of those are on the verge as they focus on profits over customer experience.
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The implied promise was that these things were going to “revolutionize the workplace” i.e. massively automate middle class office jobs A couple of years down the road, their useful applications still are summarizing text, transferring style to text, generating code under strict supervision, and generating images that need retouching. That’s a lot to get out of a tool, but it’s dubious that investors were pouring tril…
That's the same mistake made with every new, and eventually successful, technology - we haven't found a valuable application yet, so the technology is not valuable. Finding the valuable application is often the hardest part. That it hasn't happened yet is meaningless. Some technologies sit on the shelf for decades. AI seems to have a lot of potential: It may be the most valuable technology ever; it may not provide mo…
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If you look at most stock markets over a very long timeline, on average it goes up because the economy is growing. So a very broad portfolio of stocks or ETFs. Gold is only for very rich people if you want to have something in the case the whole economy goes to the bin. Bullets if you are paranoid.
A friend of mine who is decidedly not rich put her money in gold (via an ETF) two or three years ago and has done very well. She wasn't even trying to do well, just have something that wouldn't get eaten by inflation or crash in a hurry.