The next time I am angrily typing to claude 3.7 in all caps because he overengineered a bunch of code I didn't even ask him to write in the first place, I'll be sure to let him know his continued failures are risking the entire world economy.
I think SWE's have a serious blind spot here. I use the (rough) analogy of bowling to help illustrate this.
People need to knock over pins in the bowling lane. SWE's are the pro bowlers who can (usually) throw pretty cleans shots to knock over pins. Now bumpers have been invented (LLMs) and regular folks who only have the faintest idea of how to roll a ball are knocking over pins. To the pro's these bumpers are all manner of bad and useless. To the laymen, they are an absolute revolution.
I can tell you, with a straight face, the my (non-tech) company has already forgone hiring a pro bowler in at least four instances now because of these bumpers. Just last week we skipped on a $1k/mo CAD SaaS because Claude was able to build the needed narrow-scope tooling in 10 minutes.
I'm sure a pro could come in and make that python program 3x as fast and use 60% less memory. But the fact of the matter is that we paid Anthropic $20, and spent 10 minutes to get a working niche manufacturing file interpreter/editor/converter.
LLM's are finally bridging the language barrier between computers and humans. Right now the tech exists to make this even more widespread, it's just a matter of time before someone creates a tech-illiterate IDE that users can paste AI generated code into and functioning programs come out the other side. No need to ever even see a terminal or command line. I wouldn't be surprised if this isn't already in the works.
"Hey Google, create an app that allows me to take a picture of a house plant, and then allows me to verbally make entries into a diary about that plant" Sure thing! Give me 3 minutes and the app will be on your homescreen and shareable .apk in your documents folder! I'll also cancel the $9.99/mo app that does the same thing for you. (ok probably not this part but you get the idea.)
You're just describing programming without realizing that having a stochastic and imprecise programming language is a leaky abstraction.
The problem isn't that a "pro bowler" could come in and do something irrelevant for more money. Professional programmers understand that you shouldn't prematurely optimize things like memory or performance in contexts where that doesn't matter. You're ignoring the most important metric which is correctness. When we write a program, we make it correct then we can optimize it if that's actually important.
What's going to happen when you have your non-expert write a program using these tools and it inevitably gets something wrong? Are you prepared to build business process on top of a program whose author can't tell you how it works which might contain bugs? Do you even realize that this is just a recipe for producing mountains and mountains of technical debt?
You seem to believe this is going to put programmers out of a job but you're just explaining why they'll need even more of us in the future when these piles of garbage inevitably cost the company money.
You can be as snarky as you want but the reality is we're years deep into a market cycle that has seen a tremendous amount of capex with very little visible return.
How much more productive do you think claude makes you as compared to Google or Stack Overflow? 15%? 50%? 200? Do you think that's enough to satisfy the market or are we all trading on unrealistic expectations? Do you think shareholders are going to like it that they're losing billions a quarter so Anthropic can run a service that helps you write web dev projects marginally faster? Do you even understand the amount of value that's tied up in these questions having a good answer right now?
You don't stop the car but speed up faster toward the wall. That has been the strategy in the last decade or so. In other words, you invent a new AI-BLOCK-WEB-4.X thing and move the bubble one stage further.
I think bubbles form and pop all the time. I would add (in the US) home price bubble, biotech bubble (of mid 2010s), cybersecurity bubble and more.
Pops are less noticeable when a lot of money is sloshing around so deflating one bubble immediately start inflating something else. Worker bees can switch to the next thing in the same "building next great thing, work is plentiful, money no object" environment.
So the bubbliness, IMO, is a function of the macroeconomic state, specifically the amount of money in the economy. Things get sober (and very ugly) when the money printing cycle ends, as it eventually must to avoid sliding into hyperinflation. My 2c.
I think 2008 set the stage that the government will bail out reckless economic activity for the top at the expense of the tax payer. Actions no longer have consequences and you better be big enough to hold the economy hostage to your scheme.
I'm entirely in agreement with you, I just have a dark sense of humor.
I do actually use claude quite a bit recently and I suspect (completely anecdotal, so take it with a boatload of salt) it speeds up my development time by about 25% on average. But its a very lumpy sort of speed up that is sometimes a slow down depending upon how wacky the LLM's answers are. And I find claude 3.7 to be worse than claude 3.5 in many ways which makes me confused about how hyped up it is and further disillusioned about the "common sense" idea people around these parts have that the technology is just going to keep improving significantly year over year.
I use it entirely through the web interface and using the lowest price basic monthly subscription fee. I am probably a cost center for Anthropic rather than a profit center, but I don't really see that as my problem to worry about. I'll enjoy the thing while it lasts and then not cry too hard when the house of cards collapses.
Seeing more and more of this now, where even in "these parts" anything short of "AGI IS HERE" even a few months ago would have you labelled as "Luddite" "skeptic" and "left behind".
When is the general public going to start asking questions? It's really not a game--people's 401ks have been propped up by the "Magnificent Seven" (disproportionately by one company) for some time now.
What happens "if" these proclamations fail to manifest? How is this all supposed to work out?
I don't think companies like Meta, Alphabet or even Amazon are extremely overvalued. Their growth in revenues and earnings is still very solid, so even if A.I is a no show their earnings should continue to do fine (I'd even add Microsoft to the list).
Sure stock price might slow down significanty but it can easily add 10% yearly for the forseeable future. Its much less than what we're used to, but its solid growth that has not much to do with A.I.
And I totally agree people should forget about the s&p 500 returns we've seen in the last 15 years going forward, it would probably be less (though I have no crystal ball, but regression to the mean seems likely).
Actually, all stocks are dead and tech heavy Nasdaq has entered the correction zone this year. It will be a real while before the stocks return to their pre-correction value. The AI hype drivers have lost massive value, hence the desperation will get immense, expect the “AI ready to replace expensive SWE/Lawyer/Entertainers/Creatives” narrative to start any moment now! Of course everything is smoke&mirrors so those will be charged at such premium that the naysayers will not be able to afford it and irrational leaders will buy it and cite immense success to maximise their C level bonuses and will early retire before the tower comes falling down.
Correction is one thing but saying "stocks are dead" is hyperbole.
Just my poor ass startup is paying Google Cloud around 1 million USD a year to have our operations going. We're quite a cheap company but we're totally dependent on them.
And Cloud is a minor part of Google's earnings they have Youtube, Search, Android etc etc. This isn't a bubble, these are real earnings that are probably not going away any time soon. Does it mean Google is bullet proof? No. They may experience a big correction at some point but that has always been the case for all companies.
I can make the same case for Meta, Microsoft, to lesser extent Amazon. I'll leave Tesla aside it's indeed too richly valued.
