alt Hacker NewsI've always wondered why everyone flocks to SV's latest darling company. Have we not learned from our history of glorifying these SV darlings that turn hostile?
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A mixture of opportunistic edge-seeking, FUD, FOMO, novelty-seeking, the need to impress shareholders, the tendency of salespeople to believe other salespeople are telling the truth, the ever-present need to stay in front of relentless commodification, and pragmatic curiosity.
TBH I don't think any of that is unique to the IT industry's relationship with the Valley. Other technology-driven industries have a similar worship-ish relationship with a few rarified businesses. But the culture of the IPO exit accelerates all the most short-term motivations to do anything.
Are people flocking to them? I see people buy the products but if you ask I think they are just about as hated in the big techs.
I think the glib answer is, “Greed blinds all”.
Most of the people pushing this are just hoping that they can cash out before the hype pops and financial gravity crashes the party. Sam Altman recently claiming that the singularity is here is so stupid on its face he should just be treated as what he is, a huckster.
None of this stuff ever made any sense on what it was being sold initially. It was always insulting that the media and business leaders tried to argue that the tech could replace entire call centers or vast swaths of entire industries.
People keep arguing, but it will or it has based on extrapolating certain, reasonable use cases. Klarna has shut up about replacing call centers with bots because Markov chains with memory only can do so much.