Their current CEO was brought in to sell the company to private equity like he did with New Relic in his last job. Unfortunately for him, private equity is being selective in which SaaS companies they acquire right now with interest rates spiking and uncertainty over the future of SaaS as AI becomes more capable. Acquisition by an AI lab was probably their next best hope, but the labs seem to all be rolling their own developer platform instead. Maybe Bending Spoons will make a move if the stock revisits its lows.
I've been doing workflow automations for many organizations for the last two years, and here is what I see:
1. every business unit and department was neglecting a best practice due to lack of investment in their organization. it has always been that way for decades and always will be that way because it isn't economically viable for it to be any other way. the workflow automations and agents we create act as digital workers that either do that neglected part, or let the rest of the organization do that neglected part.
2. the whole company always starts the year off with a bunch of goals, and by Q3 most of them are cancelled. now less of them are cancelled.
both factors mean that anyone just looking at "worker productivity" or "did we save money" is going to get the answer of no. everything is costing you the same, or the AI itself is costing you more. whatever contract I'm working under is definitely going to cost you more, if you don't cancel all those enterprise SaaS seats we told you to cancel.
I see a path to savings, but I don't think that's necessarily the metric to focus on. you need to look at the whole corporate structure, why are you still doing certain things, because those pressures will just make the org do more things because nobody is empowered to say "wait, maybe this is dumb"
other improvements in the inference engine and harness net 1.5x+ improvements in tokens/sec, so if you're doing that on your own hardware you don't really need less tokens run, you just need any output done quickly
> if the frontier models are so good, why even sell them as your primary money maker?
there's a year old rumor around San Francisco that frontier lab employees are so expensive to poach because they trade options with unreleased models and infrastructure
it wasn't about the value derived to the company justifying these large packages. it is now. but there is also that other competing force.
Lou Pai is an American role model, I love that he used divorce as a tool as the breadwinner. It is advertised as a failure mode, societally, and doubly so for the person that accumulated assets. Helped me realize to take a second look at the system at the level lawyers operate at
SEC only went after him because the movie came out
I think our current commissioner was working at the SEC at that time, I wonder what he thinks of it
He was having sex with strippers in the club's VIP, a feature that's often denied as existing, meeting more visually and sexually attractive, younger, more feminine women in that route, with a nice bankroll.
The utility of his prior lifestyle had diminished, he didn't need a dual income household and he certainly didn't want it.
He was bored of it, the university pipeline straight to running a corporate VC arm full of corporate climbers that want to prove how they fit in male dominated spaces with masculine behaviors. The representation of that was and is completely contrived - for any guy with options - and he went along with it because people told him to in the DC area, and that's who his peers were. Assortative mating that he realized was not serving him and he wasn't poor enough to need it.
I wouldn't say the conception was planned, he was just having fun with his favorite stripper, but pouring gas on himself at the gas station to mask her sent was.
Now, he retired his whole bloodline, after making a bloodline at all with his favorite stripper, giving her the dream of ponies, horses, and seemingly living happily ever after. I never followed up on his daughter being an adult now, but the privilege of pursuing dressage because of the father's successful indiscretions is fascinating.
I'll definitely aim to replicate, it looks far more appealing than upper middle class assortative mating does, with all the failure modes reappropriated as exception handling. I'll just avoid the first marriage, and refine the journey with trusts more effectively in such a wild wealth disparity and power dynamic, but also keep the divorce court ordered insider trading immunity in my back pocket.
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