AI companies raising hundreds of millions with billion dollar valuations needed this money to train their models, last year. This year with compute cheaper than ever AI companies struggle to raise as much, leading to lower valuations. The bubble is going to pop early next year.
A lot has also been commoditized. Companies that were raising money last year was for products that are now open source equivalent. Unless you’re doing ground breaking foundational modeling OR have a data moat, your company is going to be replaced with a Python module.
@FlockOfCats You have a special lemonade recipe. You sell it for $5. Someone finds out your recipe and makes it available to everyone for free. Now everyone is selling your lemonade for $1. You go to your mom and dad to ask for more money to try to make a better recipe. They tell you to fuck off and just use the free recipe that’s floating around.
I talked to an amazing sales dude recently which made me think I’m going about this wrong. So far I’ve been operating purely on 口コミ and whilst that certainly hasn’t been bad, relying on so few customers made me realize the precariousness of the situation.
A lot of hinge on the next 3 months. It’s going to be June soon. June. July. September. I need to get through those months. Then October will be the month of realignment. November when we kick shit into second gear.
I’m in dire need of a PHP developer with ample of experience in Linux environments for a little job. Maybe two days of work. Pay is really, really good. 🙏