johanstokking

I think the main point is in the closing of the article; that valuations of companies are driven up by OpenAI spent commitments, and that those companies combined now would represent 40% of S&P 500.

You’re right, this is not accounting debt.

I don’t think OpenAI’s spending commitments alone are the problem, but OpenAI imploding will have a cascading effect and a realization check for everyone in the industry. What are the real prices for profitability and are businesses and consumers willing to pay for that, will we need ads, do we need an integrated product offerings to amortize the cost instead of standalone chat, etc. Also, S&P 500 going down by 10-20% will have a real impact on the real economy. If it happens.

I don’t think this should have been flagged.

And these programs, compiled in the ninetees, still run today on modern Windows with a functional UI. Microsoft, Borland and others then built developer tools and platforms to last. I think that cross-platform (including web) and touch changed the game because it wasn’t a simple and controlled ecosystem anymore. All of Microsoft’s successors to Win32 seem to be replaced sooner or later by something else, even in the Windows ecosystem, with Win32 still being supported. Let alone the web frameworks.

I also feel like this created a kind of positivity at the time rarely experienced today. I remember these Delphi conferences I used to go to as a teenager with my dad with many of the names Marco mentioned in his acknowledgments present, including himself. It was really rapid application development (RAD) without many of the stuff that parent mentions that brings so much struggle today (frontend) software development. People were having fun building software.

I’m happy to see that most of these names still seem to be able to make a living off Delphi. There’s probably still a lot of critical Windows enterprise software being maintained that needs consulting and support. Including my dad’s software he wrote 30 years ago which is still being maintained and used daily.

This is not entirely accurate. LoRa is a patented RF technology owned by Semtech. LoRaWAN is a standard maintained by the LoRa Alliance (which is not very different from other standards and marketing bodies). The Things Network (founded by @wienke and myself) is a developer community around LoRaWAN and a free to use cloud service intended for R&D and non-commercial use cases.

Good post, nice summary of a great venture so far