US Tech companies have created $20 Trillion in stock market value on top of plenty of OS stack. They will do fine with commodity intelligence.
In fact, there are no other organizations in this world that is well suited to leverage scaled intelligence than Silicon Valley and great American companies
classic HN, ignoring the Billions of users who find chatGPT, Gemini, Claude not only useful but life changing, including some of the poorest. So that they can fight for Disney, Record Labels and Trust fund Williamsburg friends
If Remote Work is incredible and extremely productive, you can literally arbitrage away and create remote-first companies and crush your competition who insist on WFO. According to the logic of WFH backers, it should be incredibly easy to attract the highest talent and that talent should be working at peak productivity and should have no trouble in beating competition.
The fact that none of the companies can do it, means WFH is a massive productivity failure. The reasons are aplenty
- Self-Reporting Employees or Researchers simply can't measure productivity that matters.
- WFH research is typically done and funded by WFH-friendly entities skewing it's benefits. There are no neutral social science research.
- Startups, which are a better unbiased WFO/WFH study (because all startups have the same starting conditions allowing us to control more variables), clearly show that teams (both technical and sales) sitting in room can crush/outrun Startups that are remote-only.
- Productivity measures done by these studies are almost always individual, but team productivity and firm productivity are emergent properties and hard to measure
For Operating Systems and Ecosystems, Popularity == Quality. The more popular a software is, the more edge cases it encounters and solves issues. More people will write software, plugins, tools for it.
how so? Many internet companies that went bust like Webvan and Pets.com have successful equivalents in Instacart and Chewy?
I'm pretty sure many internet companies would be given a longer rope to survive now. E.g OpenAI and Anthropic will probably take years to get profitable but investors are OK with it
lol is a coping mechanism for the poor. If you really think top VCs / investors haven't learnt the long-term importance of staying the course, then you know nothing about the industry and mostly being influenced by popular social media posts shitting on the investor class.
There is a reason Anthropic/OpenAI and many startups are given much much longer ropes to be profitable than in the 2000 era when VCs pulled the rug the first opportunity of trouble
The dot-com was a bubble because investors pulled money and belief at the first sign of trouble.
The landscape has changed dramatically now. Investors and VCs have learnt if we stick with winners and growth companies, the payoffs are massive.
We also have more automatic, retail and foreign money flowing into the market. Buy the dip is a phenomenon that didn't exist at the scale it is now.
Pre-2015 if Big Money pulled out, the market was guaranteed to fail, but now retailers sometimes have longer views and belief (on people like Musk, Altman) than institutions and they continue to prop it.
So, it's foolish to apply 2000 parallels to now. Yes, history repeats, but doesn't with the exact time or price points
Having to pay for your bags and meals are actually good for consumers and overall environment.
If passengers are forced to pack lightly because they have to pay extra fees is actually a win-win-win for everyone. Plus it is less discriminatory because my airfare is not subsidizing someone else abuse of the system.
Same goes with food. I want the option to not pay for the shitty airline food.
In fact, there are no other organizations in this world that is well suited to leverage scaled intelligence than Silicon Valley and great American companies