These sort of transparent answers are what make oxide and the people behind it such a fantastic company. Thank you for your wonderful contributions to the software and hardware community!
I think your forgetting that governments can just shut a company down, or even worse completely take it over and nationalise it. At the end of the day sovereigns rule over all else. Money means nothing when a gun is pointed at your head.
Whilst I won't comment on this specific person, one of the best programmers I've met has a law degree, so I wouldn't use their degree against them. People can have many interests and skills.
Yeh but in a company of 100 employees for software of 30k a year, it's more than worth it to take your standard 50k (GBP) dev and have them replaced it. It's a one time cost, and the support time will certainly be less than 50% of their time every year so it saves money.
There are many companies that operate like this all over the world. Outside of the hyper-growth tech VC world cutting costs is a very real target and given how cheap Devs are outside of America it's almost always worth it.
I can't imagine it would ever be worth, under any scenario, trying to write/build/support any $25/seat SaaS software for any company I've worked at in 25+ years.
Another thing to keep in mind - very little of the cost of a SaaS license is the time it takes to build the software. Security, Support, Maintenance, Administration, backups/restores, testing/auditing said backups/restores, etc, etc.. and then x-training new SREs on how to support/manage this software, ...
Even as someone who spend 10+ hours a day churning out endless LLM applications, products, architectures from my myriad of Cursor/Codex/CC interfaces and agents - I'm dubious that LLMs will ever eat into SaaS revenue.
I'm sure (lots of) people will try - and then 1-2 years in someone will look at the pain, and just pull the ripcord.
no. High interest rates and a cautionary view of future economic growth are killing B2B SaaS. Money is no longer free, and so there is a bigger push for cost-cutting rather than growing your buisness with free money.
I was skepitcal upon hearing the figure but various sources do indeed back it up and [0] is a pretty interesting paper (old but still relevant human transcibers haven't changed in accuracy).
I think it's actually hard to verify how correct a transcription is, at scale. Curious where those error rate numbers come from, because they should test it on people actually doing their job.
No it adds up. The latest data [0] shows an average of 3.7 million a day on the subway. For comparison London on the underground has about 2.6 million a day [1]. Given the size of the cities and surrounding areas compared, these numbers seem reasonable. Are you to believe that all these public transport companies are all in some global scheme to fudge their numbers to similar magnitudes? The MTR in hong kong similarly reports 4.45 million a day [2], a similar amount. I'd wager a guess you'd see similar in Paris, Tokyo etc...
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