AMAZON JUST WALK OUT:Ever since the launch of ChatGPT in late 2022, the AI scene has exploded. We’ve seen dozens of startups cash in on the gold rush and big tech has been slapping AI onto everything they do. One of these recent innovations was just walk-out technology from Amazon. The idea was simple. You can walk into any Amazon grocery store you want, pick up the items you need, and just walk out. AI was supposed to do all the work of keeping track of which items you picked up, how much your
It’s a little funny how everyone sobered up from perpetually investing in unprofitable free social media then they dove right back in to perpetually investing in LLMs with no real plan for sustainable profit.
You forgot the metaverse, it was totally going to be the futuretm!
It’s why Google is secretly in big trouble. Their biggest and most successful ideas were from well over a decade ago. There’s very little real innovation going on at Google now. They’re just throwing crap at a wall and hoping something sticks. Eventually, their cash cows will dry up and they won’t have anything to fall back on.
And they started cannibalizing their main product: search. It now tried to sell tot stuff instead of giving info you want, so users start to stay away.
Google (Alphabet) makes tens of billions in profit each year and they have plenty of stuff to fall back on, especially if they would stop killing everything they make, the issue is that none of it enables perpetual and exponential growth.
Because it’s not enough to make a boatload of money, you have to make sure next quarter you make two, or somehow your business is suddenly dead.
Oh and killing projects people use
Can’t forget that
I’m still salty about a few of these
They had so many great innovations over the years, the problem is they kill them off because they somehow can’t figure out how to monetize stuff that people want. It’s like if they can’t get the money from a third party, they’re out of ideas. I would have paid a monthly fee for Google Reader (not much, mind you, but I bet $1/month would have been enough to keep it running). I am now paying for Kagi because I prefer to be the customer and not the product.