AI coding startup CEOs writing LinkedIn posts trying to normalize huge spending on AI tools? Nothing surprising here. > Amos Bar-Joseph, the CEO of Swan AI, a coding agent startup, wrote in a viral LinkedIn post recently
Startups brag they spend more money on AI than human employees
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Re: Startups brag they spend more money on AI than human employees
#42It’s like a trucking company bragging about how much fuel they’re using.
Re: Startups brag they spend more money on AI than human employees
#43"Spending more on AI than humans" tells you nothing about whether it works. Cost per-output is the metric and by that I've watched startups do worse than last year, just more expensively. Feels like investor signal: "we're AI-forward, mark us up next round"
I’m so far removed from how that stuff works that it often sounds insane to me. Maybe someone who knows can explain it. Do the people with money not actually care about making more money? Aren’t they first and foremost concerned with your chances of financial success? These people can’t possibly be thinking, “Well they say they spent an absolute shit ton on inference… they’re definitely going to be big winners!” and…
Re: Startups brag they spend more money on AI than human employees
#44What kind of independent journalism is this? Admittedly I only read the first half but it's just a load of advertising for AI companies based on LinkedIn posts with no fact checking. One of them is aiming for $10MM ARR. What's their current ARR? No mention. Did they really spend that much? Who knows. I subscribed to 404media a couple of months ago and they added me to all of their newsletters. They were all definitel…
That's not to say that tech companies aren't doing legitimately bad things sometimes. But 404media has no desire for nuance.
Re: Startups brag they spend more money on AI than human employees
#45What kind of independent journalism is this? Admittedly I only read the first half but it's just a load of advertising for AI companies based on LinkedIn posts with no fact checking. One of them is aiming for $10MM ARR. What's their current ARR? No mention. Did they really spend that much? Who knows. I subscribed to 404media a couple of months ago and they added me to all of their newsletters. They were all definitel…
404Media are basically just anti-tech-industry activists. Their reporting has a clear agenda; they hate tech companies, "tech bros", silicon valley, capitalism, and especially AI. That's not to say that tech companies aren't doing legitimately bad things sometimes. But 404media has no desire for nuance.
Re: Startups brag they spend more money on AI than human employees
#46AI coding startup CEOs writing LinkedIn posts trying to normalize huge spending on AI tools? Nothing surprising here. > Amos Bar-Joseph, the CEO of Swan AI, a coding agent startup, wrote in a viral LinkedIn post recently
Re: Startups brag they spend more money on AI than human employees
#47It’s like a trucking company bragging about how much fuel they’re using.
Re: Startups brag they spend more money on AI than human employees
#48The example company is selling some AI thing. Feels very much like all the blockchain / crypto people using crypto.
Re: Startups brag they spend more money on AI than human employees
#49Never outsource your core competency. That reliance on third-party AI is a huge risk, just saying.
The allure is too great. First we outsource manufacturing to China and now we outsource knowledge work to AI. Where does this end?
Re: Startups brag they spend more money on AI than human employees
#50The argument that AI guys are making about the coming mass unemployment goes like this: those companies that are spending on AI rather than humans may have a huge competitive advantage that allows them to take marketshare from human run companies and thus there's less and less demand for human labor. But, how many businesses/sectors of the economy actually need to compete for marketshare? we assume it's nearly all of…