Comment by cmiles74
1 day ago
> The people writing the checks are not in the habit of lighting trillions of dollars on fire for a better autocomplete and an endless proliferation of longer and longer memos that nobody reads.
Aren’t they though? What about that whole crypto thing.
That comment struck me as well. One other thing it gets wrong is that the "trillions of dollars" are just numbers in a cap table based on a paper valuation. They're not money that anyone has actually forked over; those numbers are quite a bit smaller.
The article gives the number as well 300bn invested so far vs 10 trillion paid in salaries for white collar/knowledge work labor.
These are people who spend billions on whatever this decade's hype cycle is.