I’m so happy I quit tech a year ago. this guy is driving straight off a cliff and doesn’t even seem to realize.
curious, is this the default culture at tech companies now?
At least until the investment capital starts to be called in and use of decent AI models becomes noticeable more expensive, assuming that happens long before open free models are good enough to replace them.
Of course that will lead to there being very few experienced people in a couple of decades, as most of the remaining ones age out, but I'll be long done by the time that becomes a big problem, I'm not on the right side of the mid-life divide!
consumer subscriptions are subsidized but the companies make very healthy margins via api pricing, which is what enterprises use, and cost per intelligence is dropping rapidly
Money out > money in. https://isaiprofitable.com/
That can't go on forever, which is why the big AI companies are crying for regulation to slow things down - they need to make some of that money back before others come along and start eating what little moat they have.
That, and a lot of that investment money seems to be moving in a rather circular fashion, which usually means that when things change it will happen quickly as there is effectively one pot that will all dry up at the same time.
ai has produced some of the fastest growing companies of All Time and plotting the trend leads to very profitable businesses in the future (which is the whole point of investing)
i think it would be a more nuanced and interesting conversation to talk about 1) how growth will change and 2) how the rapidly falling cost of intelligence will affect the different players in the ecosystem
(not a bullpost for the labs, i think their situation is precarious)
The overall perception I see most popular on HN of "AI" is that it's a waste of money, natural resources and we should be "doing something else".
I'm old enough where I've personally seen multiple AI winters and also been through major disruptions - the PC era, the consumer internet era, the cloud, social media, gig economy and now "AI".
For every major disruption, the biggest naysayers have been the very groups that got disrupted. They eventually had to either retire or find something else to do.
There's no logical explanation or data you can provide to these naysayers that will change their mind. They have dug their teeth into a narrative disconnected from actual evidence and that's now their identity.
As a result, I have a strong hypothesis that AI will forever redefine what knowledge work - including software - looks like and entails. Credentialism and rentseeking by educational institutions will be a thing of the past. Human experts will be largely employed by frontier and specialized AI agent companies and labs.
I have been extremely lucky to have invested early in Cisco, Google, Amazon, Dell, Uber and NVIDIA - wasn't very sure when I made those investments so much so that I invested only funds I could afford to loose.
I'm now fully leveraging my investments into AI. IF AI goes to h*ll, the consumer, retail, commodities, energy markets are so strongly coupled to it, that I doubt anyone will come out of it for less than a 20% correction, and I will be way past 100 when it does recover, so I have nothing to lose.
Yeah it won't be a student making $10 an hour replacing him, it will be an experienced dev making $10 an hour because hey at least that beats starving to death.
The next step after "juniors are doomed, but seniors still get work" is pretty obviously that senior salaries are going to start rapidly dropping.
This is what is happening to the industry. It's a fact of life. A new technology has disrupted the method through which software is created. There's no going back and there's no pretending we can continue not using it.
You either adopt the tools now and have trouble finding a job later or have trouble finding a job now.
I mean numerous firms seem to already be doing this, and they're making HN's front page regularly for week-long downtimes, blog posts tearing them apart for shockingly shit engineering practices, and their userbase in open rebellion from the sheer STATE of the product.
My employer has absolutely no interest in cutting any engineering staff in favor of AI. But we're also not a VC-funded human misery mill, and we have a sustainable business model involving selling actual products, so these facts may be related to that.
So far I've seen relatively little anger of that level, except perhaps aimed at MS for the state of Windows. And unfortunately for the humans most companies high on AI juice are more likely to follow the path of finding better ways to use AI (or switching to what they think is a better model) rather than re-engaging with the meat workers, is such a user revolt seems imminent.
My DayJob is riding high on AI AMT, though quality is not currently falling (in fact by some metrics there is an improvement) because people are properly reviewing everything that comes out of it. I'm still planning on not touching the stuff though, if it comes to a choice of “AI or be redundant”, I'll be redundant, but even the Luddite that I am can see there is a benefit if it is used well.
What do you do now? I'm also looking to get out of this industry, but it's tough to voluntarily give up the pay.
Nevermind that the calculation of their retirement number was what I was suggesting in the first place.
It's amazing to me that even HN is full of this kind of petty jealousy, where people are ostensibly amiable to founding their own businesses and owning their time. God forbid someone retire. I expect to get downvoted on Reddit for even daring to mention I can afford bread, but I didn't expect that kind of thing here.
Maybe you should choose a different sin, you know Envy is the only one you can't have any fun at, right?