• hayvan@piefed.world
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    17 hours ago

    It’s not a local joke, I wish it was a joke, it’s a nugget of wisdom in tech world: when there is rush for gold, sell shovels.

    The biggest example today is proliferation of LLM services. There are some uses, some success stories, but a lot of companies are selling services, use my tools bro, you’ll save so much money bro, you’ll vibe-code the next Uber bro…

    A few years ago it was blockchains and NFTs. There is no proven use case but so many startups selling crypto wallets and NFT services to “help customers”.

    San Francisco is still relevant I guess, for being home to Silicon Valley and tons of tech companies.

    • Telodzrum@lemmy.world
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      11 hours ago

      it’s a nugget of wisdom in the tech world

      This phrase has been around for much longer than the tech sector has existed as an industry. Depending on how close you need the actual phrasing to be to the currently most common wording of the idiom, it goes as far back as the 1890s and has been common parlance in investing, manufacturing, and even the practice of divorce law for a century.

    • Encephalotrocity@feddit.online
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      16 hours ago

      It’s an astute observation. I don’t watch TV except for the playoffs and they have zero ads for AI, just for AI integration services.