this post was submitted on 01 Apr 2025
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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] -1 points 22 hours ago

I genuinely can't tell if you're being for real. By the same logic, raytracing is ancient tech that should be abandoned.

The stuff we had when people thought Hitler is still alive on some Island and stuff we have now is barely comparable, even thought yes, they use a similar underlying technology.

Since I never had the chance to try it out myself, how was your neural network and LLMs reasoning back in the day? Imo that's the most impressive part, not that it can write.