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[-] SuperiorOne@lemmy.ml 1 points 2 hours ago

Road to success (2024 AI Hype Edition):

  1. Clone VSCode.
  2. Rename it as LSCode, squash all history, and create some random commits with --author="Linus Torvalds <torvalds@linux-foundation.org>".
  3. Add a character AI that calls your code garbage.
  4. Profit.
[-] Anticorp@lemmy.world 11 points 9 hours ago

Slack is just a skin over IRC, so this isn’t a new type of behavior.

[-] Mwa@lemm.ee 24 points 15 hours ago

Tbh I don't think I wanna interact with ai anymore

[-] dinckelman@lemmy.world 63 points 1 day ago

I genuinely just don't understand what's going on in the tech sector anymore

[-] Croquette@sh.itjust.works 21 points 13 hours ago

VC funding is basically gambling, trying to find the next billion dollar company. So they throw money at anything that has any semblance of traction to get in early and cash out when the time comes.

[-] PM_Your_Nudes_Please@lemmy.world 5 points 8 hours ago

Which is the exact same behavior that caused the dot com bubble. VC funding was throwing money at any and every dot com business, in the hopes that it would explode and lead to profits.

All it did was massively overvalue the dot com companies, which caused a bubble when people finally realized they were overvalued and VC investors turned off the spigot of free money.

[-] GreenKnight23@lemmy.world 35 points 1 day ago
[-] Duamerthrax@lemmy.world 26 points 1 day ago

Feels like the dotcom era all over again, but they're better at stringing the scam along this time. Enough of the people need to believe the lie that it's getting artificial longevity.

[-] Metz@lemmy.world 98 points 1 day ago* (last edited 1 day ago)

I just quit my 270 000$ job at Coinbase to join the first YCombinator fall batch with my cofounder @not_nang. We're building PearAI, an open source AI code editor.

Of course it is a cryptobro...

dawgt i chatgpt'd the license, anyone is free to use our app for free for whatever they want. if there's a problem with the license just lmk i'll change it. we busy building rn can't be bothered with legal

Yep, already hate that guy. Talks and behaves like an absolute dipshit.

[-] loutr@sh.itjust.works 41 points 1 day ago* (last edited 1 day ago)

I read your comment before the article and I thought you had made the second quote up lol, unbelievable. And people are throwing money at these guys?

[-] Corkyskog@sh.itjust.works 10 points 13 hours ago

Sam Bankman Fried looks and talks like half of the people I know who failed out of college, and people trusted him with billions.

[-] PanArab@lemmy.ml 2 points 9 hours ago

True to his name, his bank got fried.

[-] LiveLM@lemmy.zip 77 points 1 day ago* (last edited 1 day ago)

So all it takes to get that sweet, sweet VC mula is a Vscode + extension fork with some hipster branding on top? Really???

Aren't these guys supposed to be tech geniuses or some shit?
Billions of dollars and they don't have a single actually knowledgeable intern who could glance at this project and say "yeah, no, I could do this too?"
Or are they're just ignoring them because AI is a glowing hot buzzword right now?

This is baffling. The entire tech sector praises VCs like they're god's gift to earth, meanwhile they're out here backing stupid shit like this, how can anyone take these people seriously?

[-] grue@lemmy.world 76 points 1 day ago

Aren’t these guys supposed to be tech geniuses or some shit?

Rich/famous tech people have never been "tech geniuses." They're always sociopathic business/marketing types.

[-] LiveLM@lemmy.zip 22 points 1 day ago* (last edited 1 day ago)

dawg i chatgpt'd the license [...] we busy building rn can't be bothered with legal

The absolute gall of these guys. Would be inspiring if it wasn't maddening!

[-] FrederikNJS@lemm.ee 3 points 1 day ago

Dunning-Kruger is a hell of a drug...

[-] 7eter@feddit.org 21 points 1 day ago

How does one "fork" a repo like this and then is proud about 100+ contributors he got? I believe they know exactly what they are doing and just don't care.

https://twitter.com/gautam_at/status/1840455030551257284

The funniest thing here is that they changed the license after the fork. The license was a custom one they wrote using ChatGPT.

[-] velox_vulnus@lemmy.ml 83 points 1 day ago* (last edited 1 day ago)

Scriptkiddies doing the bare-minimum to profit over other's hard-work. They're not going to survive, because they don't know shit about the internal workings of their product, they won't be able to scale it quickly, and sooner or later, they'll run out of money, if it's not the poor publicity killing their product.

[-] leisesprecher@feddit.org 56 points 1 day ago

But they made half a million.

And there are literally hundreds of similar companies raking in billions in investments that magically vanish while the founders live a luxury live and move on.

The real question is: why do VCs shit so much money into obvious frauds? Are they this stupid or do they just hope to pass it on to the greater fool?

[-] bassomitron@lemmy.world 30 points 1 day ago

$500,000 is nothing to billionaires, or even people who make hundreds of millions a year. It's a lot to average folks like us, but to them it's the equivalent of going to the casino with money they can afford to blow.

But I do think you're right about passing it on to the greater fool. They bet it'll be the next hot product, regardless if they know it sucks or not. Then some bigger bag of money will come in and buy it up, thinking they'll be able to somehow milk a sustainable profit out of it. You'd think by now that VCs would be smarter about the boom and bust of tech startups, but alas...

[-] whatsgoingdom@rollenspiel.forum 20 points 1 day ago

The bigger fool might also be the taxpayer. Oops the company we funded vanished - now we have a $500k loss to write off...

[-] roguetrick@lemmy.world 1 points 15 hours ago

Overall billionaires wasting their money to pay for idiots that then waste it in consumption would be a tax positive, I believe. We should encourage that behavior instead of them buying assets and then extracting rents like the parasites they are. I don't care if they get to write off the money they lose from their income.

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[-] CosmicTurtle0@lemmy.dbzer0.com 30 points 1 day ago

They're not going to survive

Are you kidding me?

Alexander Bell stole the telephone.

Edison regularly stole inventions from Tesla among others.

Steve Jobs fucking mind raped Woz.

The American Dream is taking someone else's hard work and profiting off of it.

[-] Quail4789@lemmy.ml -2 points 15 hours ago

These are all examples of why having the tech alone won't make you money because you need to be able to sell it. Doesn't relate to this article at all.

[-] TexasDrunk@lemmy.world 14 points 1 day ago

I'm considering stealing your comment and selling it to the highest bidder. How much ether do you think it would take to knock you out?

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[-] Emotet@slrpnk.net 78 points 1 day ago

I simply can't wrap my head around the thought process behind launching a clusterfuck like this. Y Combinator probably didn't do their due diligence and simply rode the fading AI Bubble, so I can at least understand how the funding might have been approved.

But actively leaving your $250,000+/year job to team up with some questionable choices to basically fork two OS projects, change the discord links and generate an illegal licence for that shit show, all while proudly stating, publicly, "dawg i chatgpt'd the license, anyone is free to use our app for free for whatever they want. if there's a problem with the license just lmk i'll change it. we busy building rn can't be bothered with legal" when they are made aware of the fact.

This is absolutely insane, sounds like someone was about to get fired and decided to use some personal relations and fresh graduates to somehow successfully cash in one last time with absolutely no regard of even the basics. Pretty wild that those guys even managed to figure out how to found a Startup. Probably asked ChatGPT for instructions there, as well.

[-] rtxn@lemmy.world 53 points 1 day ago

Y Combinator probably didn’t do their due diligence

It's not the first time. They also backed an obvious scam MMO that promised the world and more, while it was nothing more than an asset flip.

[-] menixator@lemmy.dbzer0.com 33 points 1 day ago

I heard that the creator of the MMO had people they knew within ycombinator at the time. I wonder if it's something similar this time around. Eitherway, it's not a good look for ycombinator

[-] TexasDrunk@lemmy.world 15 points 1 day ago

Is that the MMO where they read Ready Player One and said "Yep, I'm ready to build a mesh peer-to-peer MMO because that means there will be no discernable lag for an infinite number of people, just like in the book"?

[-] Opisek@lemmy.world 2 points 3 hours ago

Bold of you to assume they read the book.

[-] Hegar@fedia.io 52 points 1 day ago

If they've already proven they can steal and lie, of course they'll get VC money.

[-] moitoi@lemmy.dbzer0.com 25 points 1 day ago

AI is a scam, the next one after NFT, crypto.....

[-] xavier666@lemm.ee 4 points 13 hours ago

Slight correction. AI is not a scam.

While AI is a powerful tool, it enables people to do scams very easily.

[-] nednobbins@lemm.ee 20 points 1 day ago

There are a lot of scams around AI and there's a lot of very serious science.

While generative AI gets all the attention there are many other fields of AI that you probably use on a regular basis.

The reason we don't see the rest of the AI iceberg is because it's mostly interesting when you have enormous amounts of data you want to analyze and that doesn't apply to regular people. Most of the valuable AIs (as in they've been proven to make or save a bunch of money) do stuff like inventory optimization, protein expression simulation, anomaly detection, or classification.

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[-] TexasDrunk@lemmy.world 10 points 1 day ago

Yeah, but I need to know what the one after AI is going to be so I can get in on the ground floor.

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[-] some_guy@lemmy.sdf.org 14 points 1 day ago* (last edited 1 day ago)

I saw something a few days ago where they were said to have mass-replaced the name of the software with their new name (in the code). Supposedly, little or nothing else changed. Y Combinator used to be better than this, at least I thought they were.

[-] peyotecosmico@programming.dev 3 points 1 day ago
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this post was submitted on 02 Oct 2024
445 points (99.6% liked)

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