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camillomiller | on: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
You have no data to support what you're saying, you sound anecdotical, and on top of these flaws in your argument, you proceed to make a point mentioning "industries" that are neither formally upended, nor at all significant in the great scheme of things in terms of value produced or perceived. I believe the education industry is fundamental and one of the most important industries in the world, but it hardly moves markets, nor is filled with high-paying customers.

On top of that, you are showing another stark bias in considering the US experience as the global experience. It is not, and education in particular works way differently, aka, it's not a business wild west.

Cognitive surrender in writing emails is another shaky ground: do you honestly think that AI's worth the tens of trillion the tech bros are claiming it'll be worth as a glorified email-maker?

I will add that my point still stands. If you say this:

>>ChatGPT is killing studio photography, it can generate great looking studio photos for free. Same with basic graphic design / custom art commissions.

the only point you're proving is that you don't understand shit about photography as a business, nor about design as a business. AI is being rapidly integrated, for sure, but it has not upended those industries, and the average mediocrity it produces (because of its very nature) is not even close to replacing what you claim it is.

tristanj | parent
You have no data to support what you're saying, you sound anecdotical, and on top of these flaws in your argument, you have shifted the goalposts, to the point that you don't even know what you're replying to.

You asked about data, and I have it, and here it is: Chegg's CEO explicitly stated in their earnings call that ChatGPT was directly responsible for their collapse. Chegg stock fell 99%. You can verify this fact yourself. ChatGPT led to the near-destruction of a $14 billion company.

On photography and design: your counterargument is entirely assertion. You're claiming I don't understand those industries without demonstrating that you do. There is demonstrable fact AI has absolutely upended both industries. AI has gutted the commodity tier that constitutes the vast majority of revenue volume. Product shots, website graphics, social media content, marketing material. AI produces this content for free, at a quality so good that millions of people don't realize it's created by AI. You only consider the high-end, professional market, which so far has been relatively untouched.

Your only valid criticism is that my argument is US-centric. Fair enough. But ChatGPT has 700 million users globally, and you've produced zero evidence that non-US markets are insulated from the trends happening in the US.

Chegg shares drop more than 40% after company says ChatGPT is killing its business https://www.cnbc.com/2023/05/02/chegg-drops-more-than-40perc...