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> Lots has been written about how way too much contemporary US business is about value extraction not value creation. I wouldn't even say it's isolated to busi

> Lots has been written about how way too much contemporary US business is about value extraction not value creation. I wouldn't even say it's isolated to businesses anymore. This is the same economic forces that's prompting all the crypto nonsense from a few years back, bullshit businesses like drop-shipping, social media influencers, etc. There's just nothing left to build anymore it seems. Every industry is stagnating, year over year there's no crazy new innovations anymore, nothing to get excited about. Just dumber and thinner versions of things we already had. The tech industry is currently bending backwards so far it's collective spine will snap any second now trying to convince people LLM's are the next big huge thing, and there's just nothing there. 150 billion dollars for fancy autocomplete.

carlmr 2y ago
>The tech industry is currently bending backwards so far it's collective spine will snap any second now trying to convince people LLM's are the next big huge thing, and there's just nothing there. 150 billion dollars for fancy autocomplete. I wouldn't say nothing there, and that something is something. Translation, rephrasing and a lot of management tasks like summarizing what happened are way easier and better than any previous models I've seen. Creating images and logos is usually very constrained by what you can describe without describing what's not there, it's impressive nonetheless. Autopilot code autocomplete is pretty good, but not replaces all engineers good, rather increased efficiency good. The problem is they all lie about it being the thing that will replace all knowledge work. CEOs are buying it up and salivating. It could replace a lot of middle management at my company. But those are the people that are staying.
NoGravitas 2y ago
What's worse is that "there's just nothing left to build anymore". There's tons of work that needs to be done in the real economy (infrastructure repair and upgrades, housing, especially infill), but can't be, because the asset economy is much more profitable. Everything seems useless because it's not being built to use, it's being built to inflate equity "mystery box" values.

carlmr 2y ago

>The tech industry is currently bending backwards so far it's collective spine will snap any second now trying to convince people LLM's are the next big huge thing, and there's just nothing there. 150 billion dollars for fancy autocomplete. I wouldn't say nothing there, and that something is something. Translation, rephrasing and a lot of management tasks like summarizing what happened are way easier and better than any previous models I've seen. Creating images and logos is usually very constrained by what you can describe without describing what's not there, it's impressive nonetheless. Autopilot code autocomplete is pretty good, but not replaces all engineers good, rather increased efficiency good. The problem is they all lie about it being the thing that will replace all knowledge work. CEOs are buying it up and salivating. It could replace a lot of middle management at my company. But those are the people that are staying.

NoGravitas 2y ago

What's worse is that "there's just nothing left to build anymore". There's tons of work that needs to be done in the real economy (infrastructure repair and upgrades, housing, especially infill), but can't be, because the asset economy is much more profitable. Everything seems useless because it's not being built to use, it's being built to inflate equity "mystery box" values.