this post was submitted on 13 Dec 2024
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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[–] [email protected] 20 points 5 days ago

A generative AI company ripping everyone off? Say it ain't so!

[–] [email protected] 16 points 5 days ago

wage theft, time theft, unpaid overtime, breaking laws around employee classification and surveillance in an even clumsier way than your average ridesharing company, and subjecting your employees to fucking terrible imagery along the same lines as what causes professional content moderators to develop psychological problems: this is the only way to scale AI

[–] [email protected] 12 points 4 days ago (2 children)

How is it still a startup if it's worth almost $14b

[–] [email protected] 13 points 4 days ago (1 children)

If you never come up with a marketable product you can remain a startup indefinitely.

[–] [email protected] 10 points 4 days ago* (last edited 4 days ago)

Also calling yourself a startup makes it a lot easier to abuse your naive young techworkers. "This is just how things go with a startup mindset, your partner and kids will be fine you saw them last month"

E: another startup thing (saw Eat Just from the vatmeat thing did this, but also see Trump/Musk as notable examples), just dont pay or pay your suppliers extremely late.

[–] [email protected] 10 points 4 days ago (1 children)

It's probably worth 14B in the way a fire that you feed 14B of cash into is worth 14B

[–] [email protected] 7 points 4 days ago

Yeah that we just go "this is what the stocks are worth if we sold them all now" never feels correct as a valuation of companies for me. It is all so illiquid.

[–] [email protected] 10 points 5 days ago

The ai told them that it was paying correctly. Just an algorithm problem.