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A bunch of people are out of a job from a VC funded thing that may be gone in year for all we know. There are tons of business that probably went through this.
by MBCook 2y ago
A bunch of people are out of a job from a VC funded thing that may be gone in year for all we know.
There are tons of business that probably went through this.
- gremlinsinc 2y agobusinesses don't exist to just give people jobs. If there's no value in the market, they should go out of business. That's how it works. This is going to happen to so many businesses and industries that a universal basic income will become a necessity if we don't want revolts.
- from-nibly 2y agoThe waste comes from everyone assuming that AI is a ticket to a successful company that does deserve to exist.
- MBCook 2y agoVCs don’t exist to destroy parts of the economy. There was value in the market. VCs destroyed it through dumping. And for all we know they’ll give up in a year and we’ll have nothing. No jobs and no existing solution.
- herval 2y agoOpenAI alone employs thousands of engineers _more_ than Chegg, and does a better job than it. Destroying old stuff is part of creating something new. "The economy" wasn't destroyed by a legacy company folding.