My mom and dad, my brother who drives a dump truck in a limestone quarry, my sister-in-law, none of them work in tech or consider themselves technical in any way. They are never, ever going to write their own software and will continue to just download apps from the app store or sign up for websites that accomplish the tasks they want
We'll be right back here in no-time.
The best we could achieve were the projects that got so burned that near shore started to become an alternative, but never again in-house.
As proven by offshoring, it is a race to the bottom, as long as software kind of works.
I did the same with my car, technically I could do maintenance myself and troubleshoot and what not, but I just couldn't be arsed, so I outsource it at a premium price.
Off to bust my virtual knuckles on something.
They'll just ask their bank to help them fill out a family income form based on last year's earnings. They'll get the numbers back, without thinking about the Python script that used Pandas and some web APIs to generate those numbers. They'll think about it in terms of "that thing that Chat GPT just gave me to compare truck from nearby local dealers", without realizing that it's actually a React app, partially powered by reverse-engineered APIs, partially by data that their agent scraped off Facebook and Craigslist.
Billions of dollars of stock market value disappeared because of the concern AI can create core SaaS functionality for corporations instead of them spending millions of dollars in licensing fees to SAP, Microsoft, etc.
This not about tinkering.
SaaS As We Know It Is Dead: How To Survive The SaaS-pocalypse! - https://www.forrester.com/blogs/saas-as-we-know-it-is-dead-h...
Why SaaS Stocks Have Dropped—and What It Signals for Software’s Next Chapter - https://www.bain.com/insights/why-saas-stocks-have-dropped-a...
Jim Cramer says AI fears have made the stock market fragile - https://www.cnbc.com/2026/02/23/jim-cramer-says-ai-fears-hav...
I have a lot of friends in the tech sector, but outside the FANNG/silicone valley/startup bubbles. It's been largely business as normal across the board. Twitter and social media warps our perspective I think.
In the city in my country reknowned for having a much higher level of hypochrondria before the pandemic, imagine the mental health issues my city is going through now.
2. Gemini says covid-19 killed 0.086% of world population (over several years). That's about as mild as it gets. More than sharks, but less than anything that usually kills people, like air polution (estimated about 0.095% yearly), cancer (est 0.12% every damn year) or cardiovascular disease (est 0.25% a year). Peak covid was still killing less than business-as-usual cancer or cardiovascular disease.
As far as pandemics go, the deadliest ones kill double digit percentage of people who contract them. That's two orders of magnitude more than covid. Even the single-digit percentage pandemics must be extremely rough. We were lucky[0].
[0]: Not the ones who died or have lasting consequences, but "we" as humanity, were rather lucky with covid. It could've been something much worse.
Cancer and heart disease together kill the same number of people as the whole covid pandemic every 10-12 days.
That's really the key, right there. The value disappeared because of concern, not of anything real.
When ungodly amounts of money is governed entirely by vibes, it's hardly surprising they lose ungodly amounts of money to vibe-coding.
The downside is the effects of all that money shifting is very real :(
The value also only existed in the first place because of belief, in future work, operations, profits, etc.
Like it or not, confidence in institutions is society. Concern that affects that confidence is as real as any other societal effect.
If the P/E = 1 then there would be no sell-off. Looks at utility stocks with divs, they don't sell off [as sharply] when there is AI news.
To the matter of driving a truck though, if someone needs an app idea, blue collar workers are having to spend an hour after work logging what they did that day. If they could do it in their truck while driving home for the day, you could make a pile of cash selling an app that lets them do that.
Or perpetual work camps for the masses.
Was it when we tamed fire, invented the wheel, writing, or double entry bookkeeping? All of which appear more consequential than current AI.
We’ll always have something to do. And humans like doing things.
Fire can't build a house.
The wheel can't grow crops.
Writing can't set a broken bone.
Double entry bookkeeping can't write a novel.
If you believe that this AI+robotics wave will be able to do anything a human can do with fewer complaints, what would the humans move on to?
David Graeber did a thing on the topic where he called the subset he was interested in "bullshit jobs".
History doesn't predict the future. I can't tell you about another time when humans ran out of usefull things to do. What I can tell you is that we humans are biological beings we limited cognitive and physical abiloties.
I can also tell you about another biological being whose cognitive and phyisical abilities were surpassed by technology. Horses. What happened to them then wasn't pretty. The hight of their population in US was in 1915.
And sure, humans like doing things and so do horses, but you can't live by doing things that aren't useful to others, at least not in the current system. If technology surpases our abilities, the only useful things left to do for vast majority of humans is the same thing that was left for horses to do. Entertainment in various forms and there won't be enough of those jobs for all of us.
(I don't think technological innovation leads to permanent job loss, but some people will lose)
Can you name me another time when big swaths of highly paid population were laid off due to redundancy and how did it go for the population?
Also, another hint: I couldn’t care less what is going to happen to “humanity”. “Humanity” isn’t the one who pays my bills and puts food on my table.
I would be profoundly ashamed to write such words on any public forum, myself.
However, I fear that probably, most people don't think like me, but feel the way you claim to. :-(
Yeah, I've seen perfectly good flexible in house products abandoned because it was just easier to hire people who knew Salesforce or whatever.
But the true AI Believer would object you don't need to hire anymore, you can just get more agents to cold call or whatever :)
My assumption is that eventually the VC-backed gravy train of low-cost good-quality LLM compute is going to dry-up, and I'm going to have to make do with what I got out of them.
Right now, there's only one Google algorithm, one Amazon search and so on. The moment you let agents run wild, each with a different model, prompt and memory, effectively introducing randomness into the process, it becomes much harder to optimize for "metric go up."
Quality go down.
The quality will always be lower for a new product/ production line, because 1) it hasn't had the time to iterate that got the established, big-name producers to where they are, and 2) it democratizes the market to allow for lower-quality version that weren't fiscally feasible under a more complex (and thus expensive) manufacturing/ production base.
But after the market normalizes, it will start to naturally weed out the price-divorced low-quality products, as people will figure out which ones are shitty even for their price, and the good-for-their-price ones will remain.
Eventually you'll end up with a wider range of quality products than you started with, at a wider range (especially at the low end, making products more accessible) than when it started.
High barrier of entry marketplaces only benefit big companies who don't want to actually compete to stay on top.
Tying it back to the discussion here...
Sure, AI will produce a million shitty Google clones, but no one is using them but their makers. Eventually the good ones will start to inch up in users as word gets around, and eventually one might actually make an inroad that Google has to take note of.
Free and open marketplace, crapware. Crapware for long enough, goodware. Goodware so good, it needs hardware, it needs integrations, it solves world hunger, but no one uses anything else anymore.
No, the best are marketplaces that are open but moderated for quality.
There is no such thing 'moderated for quality' when authority is at play, only 'moderated for control'.
Quality-first requires free association, which requires a free market.
The majority of computer users are not on HN.
You profile says "Trying to figure out what I want to do with my life. DM me if you have ideas." - I would recommend exploring connections and opinions outside tech.
how will stock prices rise, outside of the one holder of the AI?