$19 billion for the single most popular service on the entire internet seems like a bargain and they just passed $1 billion in annual revenue last year.
As an American, WhatsApp seemed like an odd fit with Facebook but I also travel internationally a great deal. Almost every single interaction I have while traveling anywhere that isn't Europe and North America, from coordinating airport pickups with drivers to requesting fresh towels from hotel staff, occurs via WhatsApp nowadays.
It's actually really nice. I booked a dive in Belize earlier this year and all I did was scan a QR code of an ad I saw in the hotel, send them a screenshot of my NAUI app, sign a waiver from a link they sent me, then they sent a payment link, google maps directions, and instantly responded to my question when I couldn't find the right dock. All of this occurred on WhatsApp in the span of like 90 minutes.
In a sense, internet was this neat thing to share knowledge between academics and all but now we predominantly serve media and ads over it and all the SEO spam that makes real money.
AI is now this neat little thing to play around and has some values(non tech people makes MVPs/Emails/Slides, while tech people get faster search and code completion) but who know when the tiktok/fb like moment happens and takes all this AI into rocket to the moon.
At this moment, I think, the push is the slow boiling the frog, i.e. hold hard until skeptics just become used to it and then a generation becomes dependent on it, from which point it’ll become everyday necessity and become viable business.
I remember the “for cost of your morning coffee, you get this cool slice of server timeshare(VPS)” when people were skeptic until it became the norm. Now even if that VPS costs much less to operate, we still see the sticking “$5” price. May be AI will continue to be that “$30/month” but with advances in computing, it’ll get cheaper and at a certain point, that $1 spent to earn 80c will become 5c spent to earn $1.
>Aren’t we all skeptical? What’s the real value exactly.
What's the value in the 7 billion Meta paid for WhatsApp?
$19 billion for the single most popular service on the entire internet seems like a bargain and they just passed $1 billion in annual revenue last year.
As an American, WhatsApp seemed like an odd fit with Facebook but I also travel internationally a great deal. Almost every single interaction I have while traveling anywhere that isn't Europe and North America, from coordinating airport pickups with drivers to requesting fresh towels from hotel staff, occurs via WhatsApp nowadays.
It's actually really nice. I booked a dive in Belize earlier this year and all I did was scan a QR code of an ad I saw in the hotel, send them a screenshot of my NAUI app, sign a waiver from a link they sent me, then they sent a payment link, google maps directions, and instantly responded to my question when I couldn't find the right dock. All of this occurred on WhatsApp in the span of like 90 minutes.
In the US the process IS NOT that smooth.
Nitpick, but Facebook (Meta wasn’t a thing yet) paid $19b for WhatsApp.
A lot of people use WhattsApp, especially outside the us. it is easily the greatest competitor to instagram in international markets.
Data
So then why doesn't this argument apply to AI? Why do people think AI is gonna be worthless?
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In a sense, internet was this neat thing to share knowledge between academics and all but now we predominantly serve media and ads over it and all the SEO spam that makes real money.
AI is now this neat little thing to play around and has some values(non tech people makes MVPs/Emails/Slides, while tech people get faster search and code completion) but who know when the tiktok/fb like moment happens and takes all this AI into rocket to the moon.
At this moment, I think, the push is the slow boiling the frog, i.e. hold hard until skeptics just become used to it and then a generation becomes dependent on it, from which point it’ll become everyday necessity and become viable business.
I remember the “for cost of your morning coffee, you get this cool slice of server timeshare(VPS)” when people were skeptic until it became the norm. Now even if that VPS costs much less to operate, we still see the sticking “$5” price. May be AI will continue to be that “$30/month” but with advances in computing, it’ll get cheaper and at a certain point, that $1 spent to earn 80c will become 5c spent to earn $1.
yea ok crypto, metaverse and web3 are going to become a everyday necessity too then
I have the perfect outfits for my [Google] Glass.
So glad to find out we only needed reality to get sufficiently bad for augmentation to pick up. True innovation.