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Zuckerberg said it. https://www.inc.com/kit-eaton/mark-zuckerberg-plans-to-replace-some-coders-with-ai-which-might-prove-tricky/91140118#:~:text=Lead-,Mark%20Z

Zuckerberg said it. https://www.inc.com/kit-eaton/mark-zuckerberg-plans-to-replace-some-coders-with-ai-which-might-prove-tricky/91140118#:~:text=Lead-,Mark%20Zuckerberg%20Plans%20to%20Replace%20Some%20Coders%20With%20AI%2C%20Which,wrinkle%20on%20an%20old%20story. https://www.inc.com/kit-eaton/mark-zuckerberg-plans-to-repla...

causal 2y ago
Planning to and succeeding at are very different things
- SirFatty 2y ago
  I'd be willing to bet that "planning to" means the plan is being executed. https://www.msn.com/en-us/money/other/meta-starts-eliminating-jobs-in-shift-to-find-ai-talent/ar-AA1yLTKo https://www.msn.com/en-us/money/other/meta-starts-eliminatin...
icepat 2y ago
Zuckerberg, as always, is well known for making excellent business decisions that lead to greater sector buy in. The Metaverse is going great.
- scarface_74 2y ago
  On the other hand, Instagram has been called one of the greatest acquisitions of all time only below the Apple/Next acquisition.
  - arrowsmith 2y ago
    That was 13 years ago. How are things going more recently?
    - scarface_74 2y ago
      $53 million in 2012 and $62.36 billion in profit last year…
- falcor84 2y ago
  Really, that's what you're going with, arguing against the business acumen of the world's second richest person, and the only one at that scale with individual majority control over their company? As for the Metaverse, it was always intended as a very long-term play which is very early to be judged, but as an owner of a Quest headset, it's already going great for me.
  - Finnucane 2y ago
    The Metaverse is actually still a thing? With, like, people in it and stuff? Who knew?
    - falcor84 2y ago
      Well, we aren't yet "in it", but there's a lot of fun to be had with VR (and especially AR) activities. For example, I love how Eleven Table Tennis allows me to play ping pong with another person online, such that the table and their avatar appear to be in my living room. I don't know if this is "the future", but I'm pretty confident that these sorts of interactions will get more and more common, and I think that Meta is well positioned to take advantage of this. My big vision for this space is the integration of GenAI for creating 3d objects and full spaces in realtime, allowing the equivalent of The Magic School Bus, where a teacher could guide students on a virtual experience that is fully responsive and adjustable on the fly based on student questions. Similarly, playing D&D in such a virtual space could be amazing.
  - icepat 2y ago
    Yes? I don't understand what is so outrageous about that. Most business decisions are not made by the CEO, and the ones we know are directly a result of him have been poor.
  - etblg 2y ago
    Howard Hughes was one of the biggest business successes of the 20th century, on par with, if not exceeding, the business acumen of the zucc. Fantastically rich, hugely successful, driven, talented, all that crap. Anyway he also acquired RKO Pictures and led it to its demise 9 years later. In aviation he had many successes, he also had the spruce goose. He bought in to TWA then got forced out of its management. He died as a recluse, suffering from OCD and drug abuse, immortalized in a Simpsons episode with Mr. Burns portraying him. People can have business acumen, and sometimes it doesn't work out. Past successes doesn't guarantee future ones. Maybe the metaverse will eventually pay off and we'll all eat crow, or maybe (and this is the one I'm a believer of) it'll be a huge failure, an insane waste of money, and one of the spruce geese of his legacy.
burkaman 2y ago
Obviously the people developing AI and spending all of their money on it (https://www.reuters.com/technology/meta-invest-up-65-bln-capital-expenditure-this-year-2025-01-24/ https://www.reuters.com/technology/meta-invest-up-65-bln-cap...) are going to say this. It's not a useful signal unless people with no direct stake in AI are making this change (and not just "planning" it). The only such person I've seen is the Gumroad CEO (https://news.ycombinator.com/item?id=42962345 https://news.ycombinator.com/item?id=42962345), and that was a pretty questionable claim from a tiny company with no full-time employees.
swiftcoder 2y ago
In the ~8 years since I worked there, Zuckerberg announced that we'd all be spending our 8 hour workdays in the Metaverse, and when that didn't work out, he pivoted to crypto currency. He's just trend-chasing, like all the other executives who are afraid of being left behind as their flagship product bleeds users...
- 65 2y ago
  We gotta put AI Crypto in the Blockchain Metaverse!
- cma 2y ago
  Have they bled users?
  - swiftcoder 2y ago
    The core Facebook product? Yeah. Across all products, maybe not - Instagram appeals to a younger demographic, especially since they turned it into a TikTok clone. And WhatsApp is pretty ubiquitous outside of the US (even if it is more used as a free SMS replacement than an actual social network).
    - cma 2y ago
      Growth in monthly actives across Facebook seems to have slowed but is still increasing--not bleeding users--from data I found through Q4 2023. With 3 billion monthly actives and China being excluded, it's hard to expect a ton of growth since it is a major fraction of the remaining world population. There are bots etc. but they are one of the stricter networks with requiring photos of your ID and stuff a lot more often than others.
      - swiftcoder 2y ago
        Keep in mind that Meta pulls something of a fast one here, because a lot of instagram accounts end up creating an attached Facebook account (so that they can share Reels across both platforms). I don't have current insider information, but as of 2019 they were heavily using instagram sign-ups to shore up the Facebook numbers.

causal 2y ago

Planning to and succeeding at are very different things

SirFatty 2y ago
I'd be willing to bet that "planning to" means the plan is being executed. https://www.msn.com/en-us/money/other/meta-starts-eliminating-jobs-in-shift-to-find-ai-talent/ar-AA1yLTKo https://www.msn.com/en-us/money/other/meta-starts-eliminatin...

icepat 2y ago

Zuckerberg, as always, is well known for making excellent business decisions that lead to greater sector buy in. The Metaverse is going great.

scarface_74 2y ago
On the other hand, Instagram has been called one of the greatest acquisitions of all time only below the Apple/Next acquisition.
- arrowsmith 2y ago
  That was 13 years ago. How are things going more recently?
  - scarface_74 2y ago
    $53 million in 2012 and $62.36 billion in profit last year…
falcor84 2y ago
Really, that's what you're going with, arguing against the business acumen of the world's second richest person, and the only one at that scale with individual majority control over their company? As for the Metaverse, it was always intended as a very long-term play which is very early to be judged, but as an owner of a Quest headset, it's already going great for me.
- Finnucane 2y ago
  The Metaverse is actually still a thing? With, like, people in it and stuff? Who knew?
  - falcor84 2y ago
    Well, we aren't yet "in it", but there's a lot of fun to be had with VR (and especially AR) activities. For example, I love how Eleven Table Tennis allows me to play ping pong with another person online, such that the table and their avatar appear to be in my living room. I don't know if this is "the future", but I'm pretty confident that these sorts of interactions will get more and more common, and I think that Meta is well positioned to take advantage of this. My big vision for this space is the integration of GenAI for creating 3d objects and full spaces in realtime, allowing the equivalent of The Magic School Bus, where a teacher could guide students on a virtual experience that is fully responsive and adjustable on the fly based on student questions. Similarly, playing D&D in such a virtual space could be amazing.
- icepat 2y ago
  Yes? I don't understand what is so outrageous about that. Most business decisions are not made by the CEO, and the ones we know are directly a result of him have been poor.
- etblg 2y ago
  Howard Hughes was one of the biggest business successes of the 20th century, on par with, if not exceeding, the business acumen of the zucc. Fantastically rich, hugely successful, driven, talented, all that crap. Anyway he also acquired RKO Pictures and led it to its demise 9 years later. In aviation he had many successes, he also had the spruce goose. He bought in to TWA then got forced out of its management. He died as a recluse, suffering from OCD and drug abuse, immortalized in a Simpsons episode with Mr. Burns portraying him. People can have business acumen, and sometimes it doesn't work out. Past successes doesn't guarantee future ones. Maybe the metaverse will eventually pay off and we'll all eat crow, or maybe (and this is the one I'm a believer of) it'll be a huge failure, an insane waste of money, and one of the spruce geese of his legacy.

burkaman 2y ago

Obviously the people developing AI and spending all of their money on it (https://www.reuters.com/technology/meta-invest-up-65-bln-capital-expenditure-this-year-2025-01-24/ https://www.reuters.com/technology/meta-invest-up-65-bln-cap...) are going to say this. It's not a useful signal unless people with no direct stake in AI are making this change (and not just "planning" it). The only such person I've seen is the Gumroad CEO (https://news.ycombinator.com/item?id=42962345 https://news.ycombinator.com/item?id=42962345), and that was a pretty questionable claim from a tiny company with no full-time employees.

swiftcoder 2y ago

In the ~8 years since I worked there, Zuckerberg announced that we'd all be spending our 8 hour workdays in the Metaverse, and when that didn't work out, he pivoted to crypto currency. He's just trend-chasing, like all the other executives who are afraid of being left behind as their flagship product bleeds users...

65 2y ago
We gotta put AI Crypto in the Blockchain Metaverse!
cma 2y ago
Have they bled users?
- swiftcoder 2y ago
  The core Facebook product? Yeah. Across all products, maybe not - Instagram appeals to a younger demographic, especially since they turned it into a TikTok clone. And WhatsApp is pretty ubiquitous outside of the US (even if it is more used as a free SMS replacement than an actual social network).
  - cma 2y ago
    Growth in monthly actives across Facebook seems to have slowed but is still increasing--not bleeding users--from data I found through Q4 2023. With 3 billion monthly actives and China being excluded, it's hard to expect a ton of growth since it is a major fraction of the remaining world population. There are bots etc. but they are one of the stricter networks with requiring photos of your ID and stuff a lot more often than others.
    - swiftcoder 2y ago
      Keep in mind that Meta pulls something of a fast one here, because a lot of instagram accounts end up creating an attached Facebook account (so that they can share Reels across both platforms). I don't have current insider information, but as of 2019 they were heavily using instagram sign-ups to shore up the Facebook numbers.