alt Hacker NewsWow, a bunch of NFT people used to say the same thing.
lmao, please explain to me why these companies should be valued at 200x revenue.. They are providing autocomplete APIs.
How come Google's valuation hasn't increased 100-200x, they provide foundation models + a ton more services as well and are profitable. None of this makes sense, its destined to fail.
Replies
tock • yesterday at 6:54 PM
Google is valued at 4T. Up from 1.2T in 2022.
hareykrishna • yesterday at 7:19 PM
it's too late to hateAI!
I like your name, it suggests you're here for a good debate.
Let me start by conceding on the company value front; they should not have such value. I will also concede that these models lower your value of labor and quality of craft.
But what they give in return is the ability to scale your engineering impact to new highs - Talented engineers know which implementation patterns work better, how to build debuggable and growable systems. While each file in the code may be "worse" (by whichever metric you choose), the final product has more scope and faster delivery. You can likewise choose to hone in the scope and increase quality, if that's your angle.
LLMs aren't a blanket improvement - They come with tradeoffs.