Value extraction
a day ago
- The author is tired of pervasive doom-peddling about AI, claiming software engineering will soon be obsolete.
- Most doom-peddlers are company owners who gain from spreading fear, using it to sell their AI products.
- These peddlers employ value extraction tactics: create urgency, instill fear, then offer a solution.
- The current AI hype resembles the earlier crypto hype, with the same hyperbolic salesmanship.
- Software engineering, SaaS, and craft are not dead; the hype is exaggerated for profit.
- Programmers should use their 'bullshit detector' to recognize the hyperbole and focus on creating value, not extracting it.