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Comment by randusername | Hacker News Reader

My observation is simply that tech leaders misinterpret rewards from the market in conquering some abstract representation of a facet of a domain with conquering the domain itself. Then they become egomaniacal.

Did you conquer commercial real-estate ushering in the future of work and society, or did you build a handy scheduling app?

Did you have a neat idea for an online community or did you revolutionize human connection?

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+1 .

I think it takes a certain type of mental or emotional deficit to forfeit all of your free time and the majority stake in your company for funding for a tiny shot at hitting a grand-lam.

"Not everything needs to be a platform". I remember a 10 person company that did translation dispatch for medical needs in California. And the CEO was insisting we needed to someday "become a platform."

Similar to "needs to be a platform" [0], another variant is "be a data company" where somehow the underpants gnomes will transform your moat of stored information into profit.

[0] Read: "Needs to be pitch-able to investors as a magical 1000x growth unicorn."

it's no longer a theory. google paid millions for spirit airlines' emails and internal messages to be used as training data for their AIs.

Google already had the machine, this was just feeding the machine. 99% of companies do not have this machinery in place and probably wouldn't know where to start.

Yeah: Spirit Airlines didn't become ultra-awesome with the power of all its "data", it went bankrupt.

I'm not sure on how much of the flight/sales/maintenance data is being used, versus simply a big archive of emails and support calls.

Probably by emailing google, meta, OpenAI, and Anthropocene, saying you have a dataset and asking if they'd be interested.

After they went bankrupt... right?

We are the "...whatever gets us $2m seed..." layer for the AI of the future of finance.

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