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dgerard@awful.systems

From 2015, it’s uBeam — never mind reality, here’s the VCs (pivot-to-ai.com)

submitted 1 week ago* (last edited 1 week ago) by dgerard@awful.systems to c/techtakes@awful.systems

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your Pivot to AI holiday special!

for the old guard sneers - a quote from our old comrade su3su2u1, who was also after these fuckers

https://www.youtube.com/watch?v=TYBhsDkv1v8&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20251231-ubeam-from-2015-never-mind-reality-heres-the-vcs - podcast

time: 10 min 15 sec

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[–] scruiser@awful.systems 10 points 1 week ago (1 children)

That was a solid illustration of just how stupid VC culture is. A run into people convinced capitalism is a necessary (and some of them also believe sufficient) element of innovation and technological advancement, like it doesn't regularly flush huge amounts of money down the toilet like this.

[–] lagrangeinterpolator@awful.systems 10 points 1 week ago

When capitalism did contribute to innovation and technological advancement, it was through stuff like Bell Labs, which was funded by a corporation but functioned in practice like its own research institute. I think that the idea of Bell Labs is a little offensive to present day venture capitalists, though. What do you mean, innovation comes from scientists and engineers? We all know that innovation comes from plucky, young, hotshot founders with big ideas who go against conventional wisdom!