4,142 karma · joined July 13, 2011
I want one, yes. But it sure as hell wouldn't be to save money. It'd be to have something if and when the grid falls over due to negligence.
Regulated AI right now is a grift game. Donations for policy changes, and the ability to lock out competitors. Flattery to stay green-lit instead of shut down by random executive orders and policies. Bend the knee to keep shipping.
If anything, we need LESS federal regulation here and more FTC / SEC enforcement but (see above grift comments) that will also not happen in the United States until voters elect somebody that actually respects the law enough to enforce it for something other than their own gain (outside of their need to be elected, of course...)
Also - profitability or margin makes a big difference. Most folks are capable of selling $2B for $1B. Obviously not the case here if they’re doing 500M on a 400M raise, but you get the point.
I’d imagine they’re already working with folks like Stripe, AWS, etc on exactly this at the moment potentially? I guess that’s where Lovable comes in. And now the money makes sense. Do the raise and become an acquisition target so one of the labs doesn’t have to do it themselves.
How many years of insane growth would it take to pay back $400M at this rate?
What. Is. Happening?!
$13.3B valuation? They mention Adidas, Nvidia, etc but their “favorite” use cases are toy apps inside smaller firms.
The play here has to be “our model of building companies via agent workflows and websites is the best” otherwise TAM numbers are just nutty. Smoke it while you got it I guess and congrats on the raise!
Have you ever been really deep in a thread with an agent on a technical deep dive? The trade-offs conversations would not make sense to someone that is not able to decode the real decisions they’re making.
You can dumb down the agent, but the reason domain language matters is because of the precision of the word sometimes - not to be a gatekeeper.
Anyway - user with taste that understands all the elements of their decisions would be my modifier :)
Sure, for business, personal, etc it makes sense to build purpose built but that’s not what these companies are trying to achieve in the end. They want to own a nuclear weapon that outstrips everything else as soon as it exists so they “win”
This is an interview with Ed Zitron.
Aside: oof yeah this seems like terrible policy and takes India off my bucket list.
Give defenders a better shot…
AI support has been terrible so far in my experience and tends to over optimize for a happy path easily solved on a company website rather than solve the issue that made me call them on the phone that is likely a system bug or other issue.
That said, he needs the wealth to keep the whole machine from falling over. One element might be stable but the rest is overstretched and about to go bankrupt at any minute. He is doing this to get back control of Tesla while also investing in AI and not exploding.
He is running forward falling and his wealth legs need to keep up or it all goes down hard (and takes a bunch of bagholders with)
I miss the community around music sites more than the content. Curation and passion was top notch and fun. Nobody was angling for ad dollars or revenue. They just did it to build the community.