Comment by kalkin
6 days ago
As far as I can see this only makes sense if they actually believe that AI will accelerate production code that people will want to pay to keep running. Maybe they're wrong about that, but it's got to be sincere, or the strategy would be incoherent.
There are a lot of people whom's brain warning signals shut off when they think they are onto some money making idea. They will spend vastly illogicall amounts to "keep it going" often for years before admiting it's not working.
Look at stock market courses for instance. They are endlessly prevalent, an eternally green scam. People spend thousands to lose even more money all the time. Sunk cost fallacy is very hard for a lot of people to overcome. Scammers count on it. There is literally millions to be made in these scams if you have zero moral fiber and zero shame.
We are in a golden age of such scams. Not my quote but one article I read said something like business students right now are putting Adam Neumann's picture on their dorm walls to aspire to be like him...