He gets things others are missing.
He also misses things others are getting.
I think it’s nice to have a voice criticizing the fundraising aspect of these companies. I do think we’ll see at least one of them blow up. The technology is obviously useful though. Hundreds of thousands of developers have already changed the way they were working for decades. Some of the criticisms that the technology doesn’t work at all go a bit too far.
I agree on this, but it doesn't mean that there is an automatic benefit on business side ... and business is what is paying our wages & tokens!
We are still in the discovery phase, but we don't know yet if there will be enough return to repay those hundreds of billions already invested and other few trillions that will be invested in the near future.
It's not enough for it to "work". It has to work in a way that is affordable and cost effective for widespread use.
Otherwise, people/companies will use it sparingly or not at all. Anything less than widespread, "universal" use is a big problem for those investing $ trillions in AI.
Token rates need to double in order for the industry to "break even".
In reality, just "breaking even" is not enough. Venture capital expects a sizeable return on their investment. So look for token rates to triple.
In reality, most companies are not at all prepared to feed AI vendors what they need in order to become profitable.
Uber is an early example of what is in store.
https://aimagazine.com/news/why-uber-has-already-burned-thro...
https://www.forbes.com/sites/janakirammsv/2026/05/17/uber-bu...
This seems like common sense to me.