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Stop calling them tech companies: GenAI and SaaS — are they really tech? It’s time to call a spade a spade. (sifted.eu)

submitted 2 days ago* (last edited 2 days ago) by [email protected] to c/[email protected]

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When I started angel investing in the late 1990s, a tech investment included a significant technology risk, with the potential upside being groundbreaking innovation. Being an investor at this time meant taking a considerable technology risk and betting on actual tech, such as nanotech, semiconductors or biotech.

E-commerce, albeit hyped and interesting, was not considered tech. It was “Business 2.0”, plain and straightforward, hype included.

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[–] [email protected] 4 points 2 days ago

I agree. I'd like to see some separation between the car manufacturer and the software. Any computers in the car should support whatever operating system you want to put on it. Things like controlling the car's functions would just be device drivers. If the car company also wants to get into the SaaS business, fine, but you shouldn't be required to pay for that software to operate the vehicle.