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Joined 1 year ago
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Cake day: June 25th, 2023

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  • shit, thanks to the orange site and tech hypercapitalism in general, VC in the investing sense is an incredibly commonly-used term everywhere in the industry. so between them pretending your site won’t load and flip-flopping between being a tech investing expert and someone who apparently doesn’t know fuck about shit… well, you know what I’m thinking




  • The silly stock prices are bets on AI going up forever. But bubbles pop — and the shine has been coming off AI. We estimated that the present AI hype would have two years of desperate venture capital funding — but AI industry peons we spoke to earlier this year gave the VC money only until about the end of 2024.

    god that’s not even a particularly long bubble, though I feel like the short expected duration of this one goes hand in hand with how much non-tech people hate AI now — it took a few years of well-thought-out criticism for crypto to go from almost universally hyped to the shit you warn your grandma to not waste money on

    while I am rooting for it to happen, it feels like the tech industry’s earned a particularly hard crash this time, and it’s the nature of the fucked up beast that it’ll impact tech workers like you and me more than it’ll ever affect Huang or Altman or anyone else responsible for it. hopefully we can all brace appropriately for a thoroughly miserable time.