14,665 karma · joined April 8, 2012
As it turns out, it's very valuable to be the intermediary between a large number of people who want something and a commoditized market of providers. It's the middleman who captures most of the margin.
Now, AI models are not a commodity yet. But things seem like they might be heading that direction. And in a world where they are, Stripe probably wants to be that guy sitting in the middle.
Jan $1.0 B
Feb $1.5 B
Mar $2.2 B
Apr $3.0 B
May $3.9 B
Jun $4.6 BThis is not the same thing as communism. You can still have private ownership, differing levels of wealth, entrepreneurship, and competition. It's just that having money is not necessary for survival or to lead a reasonably comfortable life.
And they don't believe it will magically happen -- it will take intentional action by governments to get there. This is, perhaps, the reason the AI labs are talking so much about AI replacing people's jobs. It's not arrogance, it's to make sure our leaders are thinking about this now instead of when it's too late to guide the outcome.
https://handwritten.danieljanus.pl/2022-10-01-hyperlinks-in-...
EDIT: The parent comment originally claimed they spent $1M on the demo -- they seem to have edited it after I replied.
The social network they were not developing well was YouTube. Eventually, they figured it out, and it's estimated YouTube would be worth $550B as a standalone business today [2].
[1] https://en.wikipedia.org/wiki/Google_Buzz
[2] https://variety.com/2025/digital/news/youtube-valuation-wort...
2. Recruiting - many people would be wary of working on a rich guy's pet project. Taking investment makes it more of a real company that has to deliver something and is not subject solely to the whims of one person.
- The AARP ($21M annual spend) has 38M members
- The National Association of Realtors ($54M annual spend) has 1.5M members
- The American Medical Association ($24M annual spend) has 300K members
Of course that doesn't mean that their interests necessarily align with your interests.
The notion of falling behind because you refuse to adopt an advance in the field seems both uncontroversial and not aggressive at all to me.
I'm not an expert, but my understanding is that solar has a much larger up-front cost than, say, a natural gas plant -- but because there are no ongoing fuel costs, it is expected to be cheaper per kWh over the lifetime of the plant. So this is a great investment in the long term, but there are significant costs that must be absorbed in the short term -- and that's what is impacting prices right now.
Lawrence Berkeley National Lab recently did an analysis on electricity prices in the US [1] and found that most of the rate increase in Virginia was attributable to the VCEA, and that load growth had a mitigating effect on price increases.
If you look at the overall report (not just Virginia), the places where electricty costs are rising the fastest are generally not the same places where lots of new datacenters are being built. It's easy to blame datacenters, but there are many factors at play here.
[1] https://emp.lbl.gov/publications/factors-influencing-recent-...
Yeah. Too bad you weren't able to choose if you would like your gasoline with or without lead yet.
Regardless, Boston Dynamics has been burning cash for 35 years and all they have to show for it are some fancy demos and trial deployments. Eventually you have to wonder what their future prospects are.
How about 2 years ago? Back then, I wouldn't even trust it to write a 5-line function without making some sort of silly mistake.
Today, I can leave an agent running by itself for 20 or 30 minutes and most of the time, it comes back with a result that's either flawless or can be refined to be good with a few back and forth messages. Maybe I still have to make some high-level decisions ahead of time, but all of the details, including exploring the codebase and figuring out what to do based on that, can be left to the agent. The amount of improvement just in the last 2 years has been staggering.
Now extrapolate how things will look if the trend continues for another 2 or 3 years.
Is this guaranteed to happen? No. But people have been predicting that we're going to hit a wall for a long time now, and we haven't yet. Maybe there's a wall just ahead of us. But maybe there's not -- and the "not" case seems likely enough that we should at least be planning for it.
And IIRC, the same thing happened to the "oh shit" moment thread you linked to. Did the mods have to intervene to get it back on the front page?
HN might not be anti-AI, but I feel like the way flags are weighted by the ranking allows some users that are extremely anti-AI to create the impression that it is.
EDIT: And now it's back.
If you've ever been at a startup, this is exactly what it looks like when you go from not having product-market fit to having it (though with a few extra zeros on the end compared to most).