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Just to stem pointless debates before they flame up - both these acquisitions appear to be primarily if not exclusively for stock. Sure, if you want to get int

by RC_ITR 1y ago

Just to stem pointless debates before they flame up - both these acquisitions appear to be primarily if not exclusively for stock. Sure, if you want to get into theoretical finance, OpenAI could have sold these new shares for cash, so technically there's no difference, but OpenAI is only spending opportunity cost cash, rather than fiat. OpenAI's fiat likely still goes to the things you'd expect, like training models and paying for inference.

kridsdale1 1y ago
Staff are not cheap either. 300k cash salary for most of them from what I hear. Plus 600 to 1M in funny money.
belter 1y ago
The AI hype seems driven more by stock valuations than genuine productivity gains. Developers now spend excessive time crafting prompts and managing AI generated pull requests :-) tasks that a simple email to a junior coder could have handled efficiently. We need a study that shows the lost productivity. When CEOs aggressively promote such tech solutions, it signals we're deep into bubble territory: “If you go forward 24 months from now, or some amount of time — I can’t exactly predict where it is — it’s possible that most developers are not coding.” - Matt Garman – CEO of Amazon Web Services (AWS) - June 2024 "There will be no programmers in five years" - Stability AI CEO Emad Mostaque - 2023 “I’d say maybe 20%, 30% of the code that is inside of our repos today and some of our projects are probably all written by software.” - Satya Nadella – CEO of Microsoft - April 2025 “Coding is dead.” - Jensen Huang CEO, NVIDIA - Feb 2024 "This is the year (2025) that AI becomes better than humans at programming for ever..." - OpenAI's CPO Kevin Weil - March 2025 “Probably in 2025, we at Meta are going to have an AI that can effectively function as a mid-level engineer that can write code." - Mark Zuckerberg - Jan 2025 "90% of code will be written by AI in the next 3 months" - Dario Amodei - Anthropic CEO - March 2025
- the_arun 1y ago
  Apart from developer productivity, have we seen anything made 1000x better using GenAI?
  - WorldPeas 1y ago
    OCR cleanup?
  - some_random 1y ago
    Sure, copywriting seems to be pretty much irrelevant now. Same with image generation wherever you can get away with it. The quality may be reduced in many cases but the cost is absolutely a fraction of what it used to be.
    - s_ting765 1y ago
      Just like anything AI, the problem is getting people to buy the grift being sold as a replacement for human labor. https://gizmodo.com/klarna-hiring-back-human-help-after-going-all-in-on-ai-2000600767 https://gizmodo.com/klarna-hiring-back-human-help-after-goin...
    - chairmansteve 1y ago
      Problem being.... You fire the copywriter, but you still have to pay for the advertising (google clicks, tv spots etc). So if you have $100,000 ad campaign and you use AI instead of paying $10,000 to the copywriter, you probably have a higher chance of wasting the $90,0000 ad spend. So it comes down to, the AI probably makes a skilled copywriter better. But you can't get rid of him
  - DaSHacka 1y ago
    "Amount of time college students spend on homework"? ;-)
- mooreds 1y ago
  Are these quotes all from 2025? Would be awesome to put actual dates on them so we can revisit in N years and see if they were right or just hyping.
  - belter 1y ago
    At your request :-) Added dates to all of them...
- oldpersonintx2 1y ago
  [flagged]
  - mrbungie 1y ago
    Wow, such a uncalled straw man out of nowhere.
    - DaSHacka 1y ago
      Checking their post history, they seem to be all-in on the AI coolaid. Yet another bookmark for my "check after the AI bubble pops" folder.
      - agos 1y ago
        I really should start keeping a similar folder (we all should be, or rather, this should be the job of journalism)
- rvz 1y ago
  > When CEOs aggressively promote such tech solutions, it signals we're deep into bubble territory: Correct. This is how most bubbles are kept up as they are all exposed in the hype cycle. You will not hear about the mistakes [0] [1] [2] it makes when AI gets it wrong or hallucinates and all the AI boosters can do will be "it only gets better" and promise that we will soon be operating airplanes without humans. [3] Surely you would feel safer if you or your family boarded a plane that was fully operated by ChatGPT, because it is somewhat closer to "AGI"? I really don't think so. [0] https://techcrunch.com/2025/04/29/openai-explains-why-chatgpt-became-too-sycophantic https://techcrunch.com/2025/04/29/openai-explains-why-chatgp... [1] https://www.theverge.com/news/668315/anthropic-claude-legal-filing-citation-error https://www.theverge.com/news/668315/anthropic-claude-legal-... [2] https://techcrunch.com/2025/05/15/xai-blames-groks-obsession-with-white-genocide-on-an-unauthorized-modification/ https://techcrunch.com/2025/05/15/xai-blames-groks-obsession... [3] https://www.flyingmag.com/replacing-airline-pilots-with-ai/ https://www.flyingmag.com/replacing-airline-pilots-with-ai/
- rchaud 1y ago
  US shareholder capitalism is increasingly dependent on pushing a fantasy where X Company will eventually operate as an unregulated monopoly with armies of machines run by a small group of contract labour with no benefits and no wage bargaining power.
- dev_l1x_be 1y ago
  Manager pipe dreams that AI (read LLMs) replacing programmers. There might be a rude awakening when in fact AI replaces some admin type managers.
- dowager_dan99 1y ago
  claims that AI will reduce the need for engineers are “entirely self-serving horseshit” -- James Gosling - May 2025
- zelphirkalt 1y ago
  The loss of productivity is,as many things are, not directly measurable. Mediocre code making it into the codebase and hindering future development and increasing maintenance time, or even being the cause for some ideas to never be discovered, how are we going to measure that? How are we going to measure engineers no longer properly knowing the codebases? Businesses will wake up when it is too late and the damage to the engineering side of their products is already done. Or perhaps won't wake up at all, and somehow (to their management levels) inexplicably fail.

by RC_ITR 1y ago

kridsdale1 1y ago

Staff are not cheap either. 300k cash salary for most of them from what I hear. Plus 600 to 1M in funny money.

belter 1y ago

The AI hype seems driven more by stock valuations than genuine productivity gains. Developers now spend excessive time crafting prompts and managing AI generated pull requests :-) tasks that a simple email to a junior coder could have handled efficiently. We need a study that shows the lost productivity. When CEOs aggressively promote such tech solutions, it signals we're deep into bubble territory: “If you go forward 24 months from now, or some amount of time — I can’t exactly predict where it is — it’s possible that most developers are not coding.” - Matt Garman – CEO of Amazon Web Services (AWS) - June 2024 "There will be no programmers in five years" - Stability AI CEO Emad Mostaque - 2023 “I’d say maybe 20%, 30% of the code that is inside of our repos today and some of our projects are probably all written by software.” - Satya Nadella – CEO of Microsoft - April 2025 “Coding is dead.” - Jensen Huang CEO, NVIDIA - Feb 2024 "This is the year (2025) that AI becomes better than humans at programming for ever..." - OpenAI's CPO Kevin Weil - March 2025 “Probably in 2025, we at Meta are going to have an AI that can effectively function as a mid-level engineer that can write code." - Mark Zuckerberg - Jan 2025 "90% of code will be written by AI in the next 3 months" - Dario Amodei - Anthropic CEO - March 2025

the_arun 1y ago
Apart from developer productivity, have we seen anything made 1000x better using GenAI?
- WorldPeas 1y ago
  OCR cleanup?
- some_random 1y ago
  Sure, copywriting seems to be pretty much irrelevant now. Same with image generation wherever you can get away with it. The quality may be reduced in many cases but the cost is absolutely a fraction of what it used to be.
  - s_ting765 1y ago
    Just like anything AI, the problem is getting people to buy the grift being sold as a replacement for human labor. https://gizmodo.com/klarna-hiring-back-human-help-after-going-all-in-on-ai-2000600767 https://gizmodo.com/klarna-hiring-back-human-help-after-goin...
  - chairmansteve 1y ago
    Problem being.... You fire the copywriter, but you still have to pay for the advertising (google clicks, tv spots etc). So if you have $100,000 ad campaign and you use AI instead of paying $10,000 to the copywriter, you probably have a higher chance of wasting the $90,0000 ad spend. So it comes down to, the AI probably makes a skilled copywriter better. But you can't get rid of him
- DaSHacka 1y ago
  "Amount of time college students spend on homework"? ;-)
mooreds 1y ago
Are these quotes all from 2025? Would be awesome to put actual dates on them so we can revisit in N years and see if they were right or just hyping.
- belter 1y ago
  At your request :-) Added dates to all of them...
oldpersonintx2 1y ago
[flagged]
- mrbungie 1y ago
  Wow, such a uncalled straw man out of nowhere.
  - DaSHacka 1y ago
    Checking their post history, they seem to be all-in on the AI coolaid. Yet another bookmark for my "check after the AI bubble pops" folder.
    - agos 1y ago
      I really should start keeping a similar folder (we all should be, or rather, this should be the job of journalism)
rvz 1y ago
> When CEOs aggressively promote such tech solutions, it signals we're deep into bubble territory: Correct. This is how most bubbles are kept up as they are all exposed in the hype cycle. You will not hear about the mistakes [0] [1] [2] it makes when AI gets it wrong or hallucinates and all the AI boosters can do will be "it only gets better" and promise that we will soon be operating airplanes without humans. [3] Surely you would feel safer if you or your family boarded a plane that was fully operated by ChatGPT, because it is somewhat closer to "AGI"? I really don't think so. [0] https://techcrunch.com/2025/04/29/openai-explains-why-chatgpt-became-too-sycophantic https://techcrunch.com/2025/04/29/openai-explains-why-chatgp... [1] https://www.theverge.com/news/668315/anthropic-claude-legal-filing-citation-error https://www.theverge.com/news/668315/anthropic-claude-legal-... [2] https://techcrunch.com/2025/05/15/xai-blames-groks-obsession-with-white-genocide-on-an-unauthorized-modification/ https://techcrunch.com/2025/05/15/xai-blames-groks-obsession... [3] https://www.flyingmag.com/replacing-airline-pilots-with-ai/ https://www.flyingmag.com/replacing-airline-pilots-with-ai/
rchaud 1y ago
US shareholder capitalism is increasingly dependent on pushing a fantasy where X Company will eventually operate as an unregulated monopoly with armies of machines run by a small group of contract labour with no benefits and no wage bargaining power.
dev_l1x_be 1y ago
Manager pipe dreams that AI (read LLMs) replacing programmers. There might be a rude awakening when in fact AI replaces some admin type managers.
dowager_dan99 1y ago
claims that AI will reduce the need for engineers are “entirely self-serving horseshit” -- James Gosling - May 2025
zelphirkalt 1y ago
The loss of productivity is,as many things are, not directly measurable. Mediocre code making it into the codebase and hindering future development and increasing maintenance time, or even being the cause for some ideas to never be discovered, how are we going to measure that? How are we going to measure engineers no longer properly knowing the codebases? Businesses will wake up when it is too late and the damage to the engineering side of their products is already done. Or perhaps won't wake up at all, and somehow (to their management levels) inexplicably fail.