July
@july
Interesting article - a perspective I hadn’t seen as much so far https://www.wheresyoured.at/subprimeai/ https://www.wheresyoured.at/saaspocalypse-now/
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J Finn 🎩
@jdotfinn
have seen this guy on Twitter, he is mega bearish on OpenAI because they are burning cash. on one hand, he could be right, but Big Tech has shown a relentless appetite to fund these companies and have the cash on the Balance Sheet to do so.
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July
@july
I'm curious about opposing views to the general status quo, as a lot of those around me are mega bullish generally on generative AI (which some of their arguments I don't disagree with, well maybe not the AGI in 2025 bs) but it's good to get gut checks on what may happen
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July
@july
I also general do feel like tech as a sector in general is down pretty bad, and it is betting big on AI as a savior. If this doesn't pan out, as the author says for stock prices, we're really not going to be seeing a good time. I also do feel like we're all pretty SaaS'd out and this phase of the tech cycle seems like its the end. So I'm curious to see what will come of it, but I am definitely feeling cautious about all of this
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J Finn 🎩
@jdotfinn
ya that's a good call on a SAAS top. I dunno on a tech top, cuz most of the cash still being generated by their core Ad businesses of Meta, Google, etc. are strong enough, and outside of Gen AI they have lots of other possible revenue streams. The infrastructure players will continue to do fine, like NVIDIA, etc. I believe there might be a culling of some of the 'fat cats' of the industry for sure tho. OpenAI failing wouldn't make me upset personally ...
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July
@july
It’s sort of a derivative going to 0 kind of situation for the tech companies. Yes the core businesses for Msft, goog and aapl are strong; but what they don’t have is growth on their core businesses, and they know it. That’s not the issue, the issue is no growth means no rise in equity price, but equity price must go up so you need to justify the costs, that’s the danger that I see with AI as the placeholder thing that companies will use to justify their earnings etc without actually delivering (or just delivering a fraction of their value) Not saying this is the case, dont think it will be this black and white either, just in general; just interesting thought experiment
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