With most of these moments put X into everything is just a moment of temporary insanity with a high dose of FOMO. It eventually settles into a clearer patterns of where it makes sense and makes revenue at margin.
The last point is key though if there’s actually margin to be made we’re stuck with it.
Even if it wasn't generated by AI, it reads like an advertisement for some company which sure sounds like a wrapper on top of a LLM. I think the moat for that type of company is a lot less defensible than any of the Vertically Integrated category leaders by a country mile.
This is so cool, I’m glad the company allowed the author to release this to the public. People like myself with knowledge of some of the art and technology involved but that stand outside the industry can get a little bit of a sense how the SOTA of animation evolves.
Secondly the bit about the evolution catching the unnamed studio, likely Pixar in production capability as of the first Zootopia certainly shows up on screen.
Seems like the obvious reason for this is that Mac is now a niche for people that operate computers, where there are likely 6 people that don't for every 1 that does. We keep hearing that the next generation is "true computer" illiterate.
The second reason is likely that there are computers that are 1/3 of the price subsidized by the terrible ad-supported OS installs. (Has anyone tried to setup a MS computer lately, it's an ad-box).
It’s applied problem solving. I often think of programming as invisible legos that you put together that build some sort of Rube Goldberg machine.
At many times during the process the formation isn’t expressed in code yet, so it’s up to the mind of the programmer to keep the pieces fitting together as intended until the code can be written and take a little bit of the lift from the programmers brain to expressed code.
In parallel to this growth of topline and increasing efficiencies, our gross loss ratio declined steadily from 161% in 2017, to 113% in 2018, to 79% in 2019 and to 72% for the three months ended March 31, 2020. See "Management's Discussion and Analysis of Financial Condition and Results of Operations — Key Operating and Financial Metrics."
Seems like a struggle to get to profitability. With the ratio of closing the gap slowing, sure looks like it's getting harder. This is what bugs me about these companies, after years of running the business and doing 1 Billion in revenue it's still a coin flip whether they will ever be profitable. How is this any different from the first "Internet Boom" except that they've been floated to a much bigger revenue number by VC losses.
So now the VCs want return on investment. The public is getting a chance to buy, and some will, and the VCs make out, the founders probably already did by selling to the VCs, but where is the value creation? Just a shell game.
The last point is key though if there’s actually margin to be made we’re stuck with it.