cmiles8

22 ms·

271.
by cmiles8 4mo ago
Companies generally are liable if their product doesn’t perform. No reason AI should be any different.
272.
by cmiles8 4mo ago
When AWS had meetings with us we’d insist on setting up the call ourselves to avoid using the steaming pile of garbage that was Chime. AWS folks confided that they didn’t mind and weren’t thrilled about being forced to use dogfooded stuff t
273.
by cmiles8 4mo ago
Amazon’s attempts at AI tooling are just far too behind to be taken seriously. Kiro, Quick whatever, the Alexa updates. All just a hot mess. Amazon’s own employees appear to have abandoned Kiro en mass when allowed to just use Claude. Amazo
274.
by cmiles8 4mo ago
Unless the picture and trajectory changes dramatically I don’t see OpenAI managing to pull off a successful IPO. If they do manage to go public it will likely only be at a fraction of what they’re worth now, with existing investors rushing
275.
by cmiles8 4mo ago
This has been an obvious feature request for many years, but glad to see AWS investing in what started to feel like a service that was mostly abandoned for investment.
276.
by cmiles8 4mo ago
There’s some early signs of the wheels starting to come off the bus of the “irrational exuberance” that’s been fueling the AI bubble. Still early days but a lot of folks positioning to protect themselves from the blast radius which is what
277.
by cmiles8 4mo ago
This is the right decision. These indices are intended for stable, profitable companies with a proven long term business model. It’s not ment to be a casino. The market has plenty of other options available for folks that just want to bet t
278.
by cmiles8 5mo ago
Electricity actually is only a small part of the data center costs. There are challenges in getting enough electricity that create problems, but the cost of the electricity really isn’t an issue.
279.
by cmiles8 5mo ago
And $1500 a month is on the very high end of where most companies will land. When you run the numbers there isn’t a realistic path that connects the dots between likely market size and the claimed valuation of the AI companies. The math sim
280.
by cmiles8 5mo ago
Indeed and it’s almost sad. The core of SpaceX is an amazing engineering company with real assets and a serious moat. Thats realistically maybe worth 250-400B-ish as a serious hardcore company. Then there’s all this other hype and nonsense
281.
by cmiles8 5mo ago
There’s simply no version of financial reality that values this company at over 1T. Even 780B is extremely generous based on the current financial picture and a very optimistic view of the future. The AI IPOs are broadly in the same ballpar
282.
by cmiles8 5mo ago
No. Ads are a zero sum game where there’s only so much ad money to go around. AI doesn’t grow the pot. Google isn’t going to lose the ad game, it would destroy them. Google got scooped early on with AI search but is roaring back now. Also c
283.
by cmiles8 5mo ago
Honestly that’s the trap that’s increasingly looking like it will blow up this whole thing. Nobody can point to any viable revenue pathway that justifies the amount of capital investment underway, all while folks are increasingly slamming t
284.
by cmiles8 5mo ago
Companies are slamming the brakes on AI in a massive reversal that’s unlike anything I’ve seen in the last 25 years in tech. 6 months ago it was use AI all the time go! Now companies are putting use limitations in place, strict budget contr
285.
by cmiles8 5mo ago
These special placements are essentially a form of financing.
286.
by cmiles8 5mo ago
There is a mad rush to get these IPOs out the door before the market sneezes.
287.
by cmiles8 5mo ago
Then they go bankrupt.
288.
by cmiles8 5mo ago
We’re not there yet, but the obvious endgame of the present bubble insanity is open models running on local hardware and devices are “good enough” for most use cases. That will completely implode what’s going on at the moment in tech.
289.
by cmiles8 5mo ago
This sort of thing is a complete embarrassment to a firm like EY, where people are paying them a lot of money for advice. They’ve basically demonstrated that their market leading research is just someone asking questions to ChatGPT. If you
290.
by cmiles8 5mo ago
Even in the consumer space the cool kids stopped using ChatGPT this year. The swing in reputation and momentum these last few months has been nothing short of extraordinary. Like a political race, once a leader loses “the big mo” it’s incre
291.
by cmiles8 5mo ago
Sam Altman appears to represent a significant liability for OpenAI’s success from this point forward. A big portion of the driver for Anthropic’s meteoric rise over the last six months appears to be folks recognizing “it’s that AI startup n
292.
by cmiles8 5mo ago
China is behind and making progress, but still hasn’t hit key milestone the US hit decades ago. The EU isn’t even close.
293.
by cmiles8 5mo ago
An unfortunate setback but rockets are hard. The fact that the US has multiple extremely active commercial ventures plus a vibrant government programs with launches every few days just highlights har far ahead the US has become in this area
294.
by cmiles8 5mo ago
While AI coding helps a ton in building product prototypes, it also results in products that folks spot as AI from a mile away. Literally just saw startup demo their app and their app which had that “vibe coded UI” look to it. They were giv
295.
by cmiles8 5mo ago
They know the cool kids have ditched OpenAI and now use Claude
296.
by cmiles8 5mo ago
The acceleration rate has been extraordinary… they went from mostly unknown outside AI circles to the number one player almost overnight. If that’s not “blown past” I don’t know what is.
297.
by cmiles8 5mo ago
Because the market almost certainly can’t support two foundation model labs given the increasingly little difference across models and the massive sums of cash required to keep it all going. There is no big 2, just a race to survive and be
298.
by cmiles8 5mo ago
Probably the bigger headline here is that they’ve blown past OpenAI in revenue and valuation, with OpenAI looking increasingly shaky and vulnerable.
299.
by cmiles8 5mo ago
Playing out in company after company right now: CEOs: “Get me some of that GenAI” CTO: “OK, we have all the GenAI” CEOs: “Employees, it’s AI or bust” Employees: Tokenmax CFO: “Um, this is costing a ton and we’re not seeing savings or effici
300.
by cmiles8 5mo ago
Article doesn’t mention on-prem and on device models. Almost guaranteed that there are a range of killer enhancements on these fronts waiting to drop until IPOs get closer to inflict maximum chaos on the valuation games. While the big guys

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