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I was around in 1999 when we had this conversation the first time. People openly mocked Google for throwing money down the well. It was a search engine! People
by coreyh14444 2y ago
I was around in 1999 when we had this conversation the first time. People openly mocked Google for throwing money down the well. It was a search engine! People Clicked away from Google. They were fools, it was unsustainable, etc etc. Then adwords launched and we know the rest of that story.
- jsheard 2y ago> Then adwords launched and we know the rest of that story. I guess the moral of that story is that OpenAI may be profitable once they start injecting Temu ads into ChatGPT responses. Profitability, but at what cost? They appear to already be working on something along those lines: https://news.ycombinator.com/item?id=41658837 https://news.ycombinator.com/item?id=41658837
- Shog9 2y agoThen you also remember all the other companies that threw money down the well in '99 and didn't pull a rabbit out of their hats in time. Throwing money away isn't the clever bit in the Google story.
- cma 2y agoGoogle did become more an more of a portal though offering weather etc. to keep you from clicking away. Carasols of their own YouTube property videos at the top of each result. Amp links similar to AOL keywords running their own ads inside most of the time, etc.
- __loam 2y agoYou say this but Google has far better retention than openAI does.
- scarface_74 2y agoOr you could cite the thousands of companies that died with a whispers It’s called Survivorship bias
- pornel 2y agoYou're talking about the dotcom bubble! A time in history where enormous amounts of money were thrown down enormous amounts of overhyped wells, and almost all of them turned out to be stupidly bad business. People mocking that waste of money were 99% right, and Google is one of the very few exceptions.