billions were poured over AI companies (and yes, nowadays, if you are writing a stateful loop on top of LLM API you are considered as an AI company).
it will take sometime for new money to arrive into the cycle.
this CTO was simply naively trying to fulfill the Sam Altman (and the likes) promise "the future of AI", "90% of our code is written by AI" and so on.
this is the is on the borderline of scam, sure enough misleading the public.
In the best cases, they were able to reach funding or paying users. Architecture debt is one of the worst kinds of tech debt, so if you set it up right, it’s really hard to mess up.
In the worst case, after my contract ended, the CEO fired the whole US engineering team and replaced them with offshore resources. This was an example of messing up despite the architectural and procedural safeguards we built.
aldidoanta•2h ago