Today I've made the difficult decision to reduce the size of Coinbase by ~14%

What is going to be the event that triggers Wall Street to realize a lot of these companies have been lying about their financials?

"Difficult decision" says billionaire sacking people, many of whom have families, so he can make even more money.

ok sure good luck. more like conbase anyway

Coinbase has achieved "AGI" internally.

To me that sounds like financial issues dressed in PR slop.

Crypto in bear market, volume is down. Less money to skim. Layoff.

The AI bullshit is CEO feel-good talk.

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Lots of layoffs this year. The economy is in bad shape.

Many comments are mocking the "Non-technical teams are now shipping production code" line as an obvious disaster waiting to happen.

I think this will be commonplace in the not too distant future.

Some disasters will happen, just like they did before AI. Skeptics will gleefully point out these failures while more and more non-technical teams ship code.

I have an announcement to make, using Claude I have now in development an AI model that can replace the CEO, the Board Chair, the CFO and CTO of any company on Earth.

I was shocked at how easy it was to train and develop a model that can replace senior leadership in a company.

The CEO was the easiest. I simply loaded the model with as much corporate jargon, double talk and the ability to talk down to people. The model nearly wrote itself.

Then simply ingesting the Wall Street Journal, Barrons, Financial Times and SEC 10-K reports and annual reports, I was able to compile the perfect CFO. It was able to spit out regulatory reports, answer questions on investor calls.

Strangely, the component of the model I had write in house was the ability to give up part of their bonus to keep key people employed. Seems in all of those financial reports, there were no examples of anyome that the model could leverage.