Yeah I don’t blame them. They didn’t create the meme but once it happened, any responsible leader would start doing secondary offerings to raise money. I sure would. If morons want to keep investing in the stock of a company that has no other chance of survival, great. Now they’ve got $9 billion on hand and they’ve had time to find a niche, right-size, and the interest on the cash pile is great too.
Unfortunately that support doesn’t seem to extend to making the process take less than decades and cost less than gazillions due to overregulation so there’s no incentive to build.
I think they make most of their money off searches with intent (“vehicle detailing near me”) and things for which they still send you somewhere. The kind of searches that an LLM can just answer probably largely just sent you to Wikipedia or somewhere nobody was paying much for anyway.
It’s possible AI will do a better job of capturing ad dollars by better serving intentional searchers.
Oh sure but I meant in their case they might be their own biggest customer. Companies shuffle money from one pocket to another often for tax/financial reasons.
When I went through YC in 2007 a founder whose name you know drunkenly told me at a party that Google Docs and Macbooks would have Microsoft out of business by 2012. Someone here told me in 2018 I was nuts to buy a gas-powered car because in less time than you would drive a car for, everyone will have switched to electric and there will be no gas stations left.
The impending deaths of most things are greatly exaggerated.
It does seem like the petrodollar is coming to an end. Even if we wanted to keep killing/abducting the leader of every tiny oil nation shortly after the decide to sell oil in another currency (like we did to Iraq, Libya, and Venezuela), bigger ones we can’t just do that to practically are going to start.
The writing is on the wall. It might take decades, but it’ll end.
Meh. These sorts of restrictions are a problem with cell phones because you have two choices.
For this application, you can just get a raspberry pi for about the same price. And they’re not even taking it away from ones that I already had it. They just aren’t selling the ability anymore so you know it when you bought it.
Whoever ends up using these devices second hand will be in for a rude awakening, which is bad for that person (even if it means that it just ends up going to ewaste and they get nothing) and bad for the environment. It's also bad for anyone who orders one new and isn't aware of the changes, although I agree that that is less bad than with phones due to the fact that a pi largely mitigates it.
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