Mina Kimes

If AI is anything close to NFTs, and OpenAI is currently valued at $600 billion, and Anthropic is currently valued at $400 billion, it's a bubble, period.

It's over.

These companies are doomed if this technology is NFTs.

So along that timeline, you are looking at one of the biggest technological bubbles of the last few generations.

It's not NFTs.

And the reason it's not NFTs is that NFTs did not transform anyone's job, unless you were like a collector of digital tokens, digital artifacts, essentially.

Look at what's happening in the software industry.

The job of being a software programmer has been completely changed.

Let me give you a sense.

There's this company called Meter, M-E-T-E-R.

that does these famous benchmark studies of AI.

It does these studies that are quoted throughout Twitter, throughout the AI discourse of how powerful this technology is.

And last year, they published a study that was held up very strongly by the AI doubters because it said that if you ask the best software programmers to use artificial intelligence, they think it makes them about 15%, 20% more effective.

But if you have a third party grade their work, they're actually significantly less

less productive on an hour-per-hour basis.

And all these people who are doubters of artificial intelligence pointed this study and they said, look, this proves that AI is just vaporware.

This year, Meter announced that AI for coders with technology like Cloud Code and Codex from OpenAI

has gotten so much better that they can no longer do this study because they can't find developers who are willing to work without AI in order to be the control group.

So this is already a technology that has completely transformed at least one major industry, which is coding.

But I guess what we're going to talk about a little bit more is that the underlying problem