this post was submitted on 16 Sep 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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I'm terrified for the future, and not even on hater shit. The public numbers are bad, and barring some extremely surprising reports locked behind a wall of NDAs, the private numbers don't seem much better - even Saltman, perpetual cheerleader he is, doesn't have much to offer except desperation to keep the party going, barely even a week after their big model drop.
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Sam Altman responds to a user asking for the promised voice features with extreme pettiness. "how about a few weeks of gratitude for magic intelligence in the sky, and then you can have more toys soon?"So if all the big tech players know that this is garbage, the continual doubling down on this either points to: 1. scrambling for the pie while it's there because they need it to stay afloat, or 2. everything else they have to offer is even worse somehow? And in either case, the aura of being a tech company instead of a company is lost, and I don't know what happens in the fallout. The probably best case scenario is that only tech workers like myself have to eat the blowback, but I suspect things won't play out so cleanly.
I don't understand this and am kinda afraid of what hides behind this
So I should be clear, I dont think theres anything special about Tech companies that should let them be treated differently. But for whatever reason, it is a fact that places like We or Tesla or Theranos or fucking Groupon gets stupid valuations just because they're "tech" adjacent.
If the market ever catches on that theres no secret ingredient (and as Zitron's shown, there are pretty visible public numbers pointing at this), we're looking at a correction at the trillion dollar scale. Or maybe we never ask Google to put up or shut up, and just keep the fairy powder in our eyes forever.