in the dotcom days I worked for an “interactive agency”. We took people that had product ideas or website ideas brought them in charge them and exorbitant amount of money, made them a professional flash website, got them some awards from whoever would give away awards for ideas and hope them up with venture capitalists. The one thing I can say about all those venture capitalists is they Will throw cash at anything that might make the money. If it fails it’s tax abatement. If one in 10 succeeds they make a s*** ton of money off of it.
AI doesn’t even need to be good it just needs to be perceived as worth something and they make money.
Yup. They’re basically just wallets that burn slightly less money than they make and it’s all randomized because they have no real skill to direct any of it.
And then they take home millions while the people they paid make rapidly less and less money the further down the chain you go. AI is just their way to make sure they don’t even need to really pay anyone else at all and to be able to convince people that they had an idea for the first time ever.
in the dotcom days I worked for an “interactive agency”. We took people that had product ideas or website ideas brought them in charge them and exorbitant amount of money, made them a professional flash website, got them some awards from whoever would give away awards for ideas and hope them up with venture capitalists. The one thing I can say about all those venture capitalists is they Will throw cash at anything that might make the money. If it fails it’s tax abatement. If one in 10 succeeds they make a s*** ton of money off of it.
AI doesn’t even need to be good it just needs to be perceived as worth something and they make money.
Yup. They’re basically just wallets that burn slightly less money than they make and it’s all randomized because they have no real skill to direct any of it.
And then they take home millions while the people they paid make rapidly less and less money the further down the chain you go. AI is just their way to make sure they don’t even need to really pay anyone else at all and to be able to convince people that they had an idea for the first time ever.