90% (154/170) of the latest HN summer batch are AI startups. I was expecting a lot, but not this much.
Nobody really wants any of this shit as a product.
That is just exploitative of sorts on preying people who don't have enough knowledge about AI let's say...
And this behaviour shouldn't be condoned though
> And investors have no clue what to do with their money, but heard somewhere that "AI is the thing now" and that's where they want to flush their money.
This is where the system needs to change, People need to realize this that maybe AI is in a bit of bubble right now and not try to invest in such things...
But profits....
Shush, profits can come another day if business has good solid financials otherwise welp, that isn't investing, that's just speculating in the AI bubble
Best interpreation: you need to pay bills and this startup is your last hope after sending out 500 apps and getting 3 interviews back (2 interviews ghosted you after the first round and the 3rd said "overqualified" despite it being a senior role)
Worst interpretation: we're in a gold rush, and a lot of people will sell fool's gold if they can.
Like, I definitely understand the desperation but I can't help but blame the system which lead us to where we are but I don't really know man, maybe blaming the system wouldn't help either and there is definitely some pessimism in the air.
We can change so much things but to me it just seems as if __people don't care__ And I can understand if people are busy in their lives but now we are just gonna have this churn keep on going and going and this bubble is going to burst which is suddenly gonna impact people's wallets but then everybody is going to forget just as they forgot the web bubble.
But that's sadly not happening here. Every story about the true problems get flagged because HN seems to have this strong sense of staying apolitical in a time of absolutely rampant destruction happening in real time most recent example of the US government shutting down: https://news.ycombinator.com/item?id=45434146
There's a lot of Apathy but what really worries me is the almost forced ignorance from people who should be able to rise beyond that. I guess it's just a reflection on how Silicon Valley also sold out when push came to shove. Whatever makes more money, morality, ethics, and long term preservation be damned.
To be fair, the investor never cared about the product to begin with. It's a shame that that apathy spread all down the totem pole. But I guess taht's what happens when the consumer is no longer the audience of consumer products.
Only around 10% of them will succeed at best.
If a massive crash happens then it would be 2% at best.
But hey, mention the word union here and you'll still get beat with a stick.
And I sense a reckoning on the horizon. There's a reason the 10's were filled with billionaire (now trillionaire) tech companies poaching any potential talent that can rise against them. That knowledge is still there and rife to disrupt.
>mention the word union here and you'll still get beat with a stick.
I'm in the games industry. It's slow but people are starting to wake up here. Only took decades of abuse, instability, and rampant layoffs in an industry alreaady known for regular layoffs. But you know the quote about Churchill and Americans.