[HN Gopher] Technical Deflation
       ___________________________________________________________________
        
       Technical Deflation
        
       Author : 0x79de
       Score  : 71 points
       Date   : 2025-11-24 12:39 UTC (3 days ago)
        
 (HTM) web link (benanderson.work)
 (TXT) w3m dump (benanderson.work)
        
       | Joker_vD wrote:
       | > when prices go _down_ instead of up. It is generally considered
       | harmful: both because it is usually brought on by something
       | really bad (like a severe economic contraction)
       | 
       | Or, you know, technological improvements that increase efficiency
       | of production, or bountiful harvests, or generally anything else
       | that suddenly expands the supply at the current price level
       | across the economy. Thankfully, we have mechanisms in place that
       | keep the prices inflating even when those unlikely events happen.
        
         | marcosdumay wrote:
         | Deflation is about _all_ prices going down. Just a few
         | decreasing is normal.
         | 
         | Anyway, WTF, economics communication has a huge problem. I've
         | seen the article's explanation repeated in plenty of places,
         | it's completely wrong and borderline nonsense.
         | 
         | The reason deflation is bad is not because it makes people
         | postpone buying things. It's because some prices, like salaries
         | or rent just refuse to go down. That causes rationing of those
         | things.
        
           | jdasdf wrote:
           | >It's because some prices, like salaries or rent just refuse
           | to go down.
           | 
           | a common argument, but one that doesn't bear out in the
           | absence of regulation enforcing that.
        
           | gus_massa wrote:
           | I agree. It's super common that the price of vegetables goes
           | up and down arround the year, in particular due to the
           | harvest season.
        
           | HPsquared wrote:
           | Rent and salaries don't like going down because of debt.
           | Debts are denominated in currency units and go up with
           | inflation (interest rates have a component to correct for
           | inflation) but they don't decrease if the currency _gains_
           | value over time (this would need negative interest rates). I
           | suppose that 's something that could be done with regulation.
        
             | marcosdumay wrote:
             | Yes. And even if people could refinance, debt values going
             | down causes further deflation.
        
               | HPsquared wrote:
               | Does it? Debt repayments are money deletion, so if debt
               | is nominally written-off, less has to be paid back. That
               | is, there will be less "anti-money" in the system but the
               | "money" is still there. That increases the money supply,
               | therefore inflationary.
        
           | pjc50 wrote:
           | See "price stickiness" and what is simplified as "menu
           | reprinting costs"; there's usually a cost associated with
           | changing prices, and a cost associated with _renegotiating_
           | prices for everything that 's not being sold on a spot
           | market. People cannot buy housing at spot, and while spot-
           | labour pricing is definitely a thing for some services it's
           | so socially destabilizing for anything skilled that most
           | workforces operate on salary.
           | 
           | The reverse of this is that high inflation tends to cause a
           | lot of strikes, because salaries refuse to go _up_ and very
           | high levels of inflation need salary repricing every month or
           | even week.
        
             | igleria wrote:
             | In Argentina I've learned from a young age that prices take
             | the elevator, but salaries take the stairs.
             | 
             | It got old really quick having to negotiate with the boss
             | every 6 months.
        
       | darkerside wrote:
       | Does anyone else agree with this the premise of this article? Is
       | it sensible to put off building things now because it will get
       | even cheaper and faster later?
       | 
       | Maybe the time value of time is only increasing as we go.
        
         | blueflow wrote:
         | Actually yes. I wanted to get into UI programming with GTK 2
         | and right now im waiting for GTK $n to stabilize so i can
         | commit to it.
         | 
         | Knowing that GTK $n-1 will soon be obsolete is enough reason to
         | not put effort into learning it.
        
           | lo_zamoyski wrote:
           | In general, we should focus more on what endures over what
           | changes. Focus less on the times and more on the eternities.
           | People very often drown in the noise of passing fads and
           | fashions and ephemeral tech. Can you become really skilled at
           | using some piece of tech? Sure. Is it worth becoming _really_
           | skilled? It depends on the circumstances and the particular
           | person, but in most cases, probably not. It usually is a
           | waste of time (but given the kinds of SFVs that people
           | publish or hobbies people have, people are generally quite
           | good at frittering away their lives on stupid shit).
           | 
           | Incidentally, this is how you can distinguish between a good
           | CS curriculum from a bad one. A good one focuses heavily on
           | principles; the particular technical trappings are mostly
           | just a medium, like Latin used to be in academia, now
           | replaced by English. You pick up what you need to do to the
           | job.
        
         | hahajk wrote:
         | The conclusion that you should wait to build anything is an
         | illustration of the danger of economic inflation that the
         | author started with. I'm not sure why he thinks the economic
         | version is toxic but the technological version is a good idea
         | though.
         | 
         | The answer to should we just sit around and wait for better
         | technology is obviously no. We gain a lot of knowledge by
         | building with what we have; builders now inform where
         | technology improves. (The front page has an article about
         | Voyager being a light day away...)
         | 
         | I think the more interesting question is what would happen if
         | we induced some kind of 2% "technological inflation" - every
         | year it gets harder to make anything. Would that push more orgs
         | to build more things? Everyone pours everything they have into
         | making products _now_ because their resources will go less far
         | next year.
        
           | philipallstar wrote:
           | > I think the more interesting question is what would happen
           | if we induced some kind of 2% "technological inflation" -
           | every year it gets harder to make anything. Would that push
           | more orgs to build more things? Everyone pours everything
           | they have into making products now because their resources
           | will go less far next year.
           | 
           | Government bonds already do this for absolutely everything.
           | If I can put my money in a guaranteed bond at X%/year then
           | your startup that's a risky investment has to make much
           | better returns to make it worth my while. That's why the
           | stock market is always chasing growth.
        
         | dvh wrote:
         | I agree. I had several projects lined up and I delayed one
         | because it used same tech as another significantly smaller
         | project, so I learned the tech on the smaller simpler project
         | and then used the knowledge on the bigger project. It was
         | beneficial to not do the bigger project first.
        
         | Ray20 wrote:
         | > it will get even cheaper and faster later
         | 
         | Yeah, and will be done by somebody else. I think this is the
         | main problem, and if you get rid of it, you'll have a
         | completely sensible strategy. I mean there are many government
         | contractors who, through corrupt connections, can guarantee
         | that work will be awarded to them, and very often doing just
         | that.
        
         | bootsmann wrote:
         | I think you're right. The author is quite wrong on many aspects
         | in my view. One of the central mistake he makes is that
         | creating a profitable startup is mostly a matter of shipping
         | good product i.e.
         | 
         | > Used to be, you had to find a customer in SO much pain that
         | they'd settle for a point solution to their most painful
         | problem, while you slowly built the rest of the stuff. Now, you
         | can still do that one thing really well, but you can also
         | quickly build a bunch of the table stakes features really fast,
         | making it more of a no-brainer to adopt your product.
        
       | Zigurd wrote:
       | Technology has always been deflationary. But you don't put off
       | buying a computer because it will be cheaper next year. Nobody
       | seems to be putting off buying GPUs despite scary depreciation
       | and a blistering pace of new product introductions that are ever
       | cheaper faster and better.
        
         | mr_toad wrote:
         | Some people do put off buying cellphones and laptops when they
         | know a new model will come out every year.
        
           | tikhonj wrote:
           | The overall trend has been the opposite though, hasn't it?
           | People used to buy a new phone (or new laptop/etc) every
           | couple of years because the underlying tech was improving so
           | quickly, but now that the improvements have slowed down,
           | they're holding onto their devices for longer.
           | 
           | There was an article[1] going around about that recently, and
           | I'm sure there are more, but it's also a trend I've seen
           | first-hand. (I don't particularly care for the article's
           | framing, I'm just linking to it to illustrate the underlying
           | data.)
           | 
           | [1]: https://www.cnbc.com/2025/11/23/how-device-hoarding-by-
           | ameri...
        
           | aleph_minus_one wrote:
           | > Some people do put off buying cellphones and laptops when
           | they know a new model will come out every year.
           | 
           | Don't confuse technical deflation with the Osborne effect:
           | 
           | > https://en.wikipedia.org/wiki/Osborne_effect
        
             | raw_anon_1111 wrote:
             | The Osborne affect has been heavily disputed over the years
             | - it says so in your own citation.
             | 
             | But at least with iPhones, there is a deflationary affect
             | because Apple has since the 3GS in 2009, kept the old phone
             | around and reduced the price. For instance my son wanted an
             | iPhone 16 Plus. I told him to wait until the 17 was
             | announced and he bought one cheaper from T-Mobile
        
         | vrighter wrote:
         | only really faster and better if you _don 't_ use them for
         | gaming, unfortunately. Upscaling and frame generation is not a
         | better GPU, it's one with a band-aid applied to hide the fact
         | that it actually did _not_ get much faster.
         | 
         | RTX doesn't count to me either, because that's some bullcrap
         | pushed by gpu manufacturers that requires the aformentioned
         | upscaling and frame generation techniques to fake actually
         | being anywhere close to what gpu manufacturers want gamers to
         | believe.
        
           | Aurornis wrote:
           | > only really faster and better if you don't use them for
           | gaming, unfortunately. Upscaling and frame generation is not
           | a better GPU, it's one with a band-aid applied to hide the
           | fact that it actually did not get much faster.
           | 
           | The generations gains haven't been as great as past
           | generations, but it's getting silly to claim that GPUs aren't
           | getting faster for gaming.
           | 
           | Intentionally ignoring frame generation and DLSS up scaling
           | also feels petty. Using those features to get 150-200fps at
           | 4K is actually a very amazing experience, even if the purists
           | turn their noses up at it.
           | 
           | The used GPU market is relatively good at calibrating for
           | relative gaming performance. If new GPUs weren't actually
           | faster then old GPUs wouldn't be depreciating much. Yet you
           | can pick up 3000 series GPUs very cheaply right now (except
           | maybe the 3090 which is prized for its large VRAM, though
           | still cheap). Even 4000 series are getting cheap.
        
             | vrighter wrote:
             | "Guessing what a pixel's color might be were one to
             | actually do the work and render it" is not the same as
             | actually rendering it. No, upscaling doesn't count.
             | 
             | Doing it for a whole screenful of pixels, for the
             | _majority_ of frames (with multi-frame generation) is even
             | less of it.
        
           | toast0 wrote:
           | I dunno, the kiddo went from a 1650 Super to a 3060 and it's
           | a lot nicer looking, I don't think frame gen and what not is
           | enabled. Sure, that's up a notch on the SKU list and tons
           | more VRAM. The 1650 Super was working with most of the games
           | he tried, but Marvel Rivals was terrible (haven't seen him
           | play it with the new card though)
           | 
           | It does help that he has a small screen and regular DPI.
           | Seems like everyone wants to run with 4x the pixels in the
           | same space, which needs about 4x the GPU.
        
         | Ray20 wrote:
         | > But you don't put off buying a computer because it will be
         | cheaper next year.
         | 
         | Why not? Sounds like a pretty reasonable strategy.
         | 
         | > Nobody seems to be putting off buying GPUs
         | 
         | Many people doing exactly that.
        
           | detourdog wrote:
           | Back when I was first started wrestling with this issue it
           | the question was "how much faster will the daily photoshop
           | operations be with a new computer?"
           | 
           | Now a new computer barely does anything faster for me.
        
       | Glemkloksdjf wrote:
       | I'm still ahead of a company starting later:
       | 
       | I have the legal structure, i know my collegues, i have
       | potentially employees and more capacity.
       | 
       | The problem is not that a startup is starting after you but you
       | do not give yourself time to keep an eye on AI and not leveraging
       | it when its helpful.
       | 
       | We leverage AI and ML progress constantly and keep an eye on
       | advances. Segment Anything? Yepp we use it. Claude? Yes Sir!
        
       | jackar wrote:
       | The impulse to make the comparison makes sense. The reality is a
       | bit different, probably leans in the right direction but is
       | buffered by learning. I'll explain. There is no upside to
       | delaying purchasing if you think things will get less expensive.
       | There is however upside in building today even if you have to
       | rebuild tomorrow, and that upside is in learning the problem
       | space. Specifically, what is likely to be trivialized and what
       | truly requires domain knowledge. Horizontal apps? Little domain
       | knowledge to encode. Vertical app? More domain knowledge to
       | encode. Separately, there are more ways to differentiate than
       | distribution alone, see verifier's law. Problems that are
       | challenging to verify are challenging for AI to trivialize.
        
       | readthenotes1 wrote:
       | "One of the main problems is that if people expect prices to keep
       | going down, they'll delay purchases and save more, because they
       | expect that they'll be able to get the stuff for less later."
       | 
       | That is why we are all waiting to buy our first personal
       | computers and our first cell phones.
       | 
       | Economists have managed to be ludicrous for a very long time and
       | yet we still trust them.
        
       | api wrote:
       | There's a fun version of this in futurist space travel
       | speculation.
       | 
       | Let's say you have the a fusion rocket and can hit 5% the speed
       | of light. You want to migrate to the stars for some reason.
       | 
       | So do you build a generational ship now, which is possible, or...
       | do you wait?
       | 
       | Because if you build it now someone with a much better drive may
       | just fly right past you at 20% the speed of light.
       | 
       | In this one the answer is to plot it out under the assumption
       | there is no totally undiscovered major physics that would allow,
       | say, FTL, and plot the curves for advancement against that.
       | 
       | So can we do this with software? We have the progress of
       | hardware, which is somewhat deterministic, and we know something
       | about the progress of software from stats we can make via GitHub.
       | 
       | The software equivalent of someone discovering some "fantasy"
       | physics and building a warp drive would be runaway self-improving
       | AGI/ASI. I'd argue this is impossible for information theoretical
       | reasons, but what if I'm wrong?
        
         | sebastianconcpt wrote:
         | Dang. I won't be able to sleep tonight
        
       | raw_anon_1111 wrote:
       | What I don't understand is that how is this automatically good
       | for startups?
       | 
       | Say I have a startup that vibe codes "AI for real estate". What
       | about customer acquisition?
       | 
       | On the other hand, if I'm Zillow, why can't I just throw a
       | developer on the same feature and automatically have a customer
       | base for it?
       | 
       | If you look at most of the YC funded startups these days, they
       | are just prompt engineers with no go to market strategy and some
       | don't even have any technical people and are looking for
       | "technical cofounders" that they can underpay with a promise of
       | equity that will statistically be meaningless.
        
         | Bombthecat wrote:
         | Yap, AI coding will just help monopolize positions lol.
        
           | raw_anon_1111 wrote:
           | Clay Christenson in the "Innovators Dilemma" would call AI a
           | "sustaining innovation" not a "disruptive innovation".
           | 
           | At the end of the day. Open AI is losing billions of dollars
           | and Google caught up while still seeing record revenues and
           | profits using its own infrastructure and TPUs
           | 
           | Even the laggard Apple is reportedly just going to throw a
           | billion (chump change) at Google for its model and keep
           | selling phones and other hardware while OpenAI is reportedly
           | working on a "smart egg"
        
       | skeeter2020 wrote:
       | >> First, models getting better makes AI-based applications
       | easier to build, because they can be simpler.
       | 
       | Don't conflate easy with simple. I'd argue they are actually
       | easier and far more complex.
        
       | JacobiX wrote:
       | In the end, the article says:
       | 
       | > writing functioning application code has grown easier thanks to
       | AI.
       | 
       | > It's getting easier and easier for startups to do stuff.
       | 
       | > Another answer might be to use the fact that software is
       | becoming free and disposable to your advantage.
       | 
       | For me, the logical conclusion here is: don't build a software
       | startup!
        
         | cootsnuck wrote:
         | Yup. I'm starting to wonder if the startup space has a pretty
         | big blind spot not realizing that how easy it is to build
         | mostly/semi functioning software is not a unique advantage...
         | 
         | I left an AI startup to do tech consulting. What do I do? Build
         | custom AI systems for clients. (Specifically clients that
         | decided against going with startups' solutions.) Sometimes I
         | build it for them, but I prefer to work with their own devs to
         | teach them how to build it.
         | 
         | Fast forward 3+ years and we're going to see more everyday SMBs
         | hiring a dev to just build them the stuff in-house that they
         | were stuck paying vendors for. It won't happen everywhere.
         | Painful enough problems and worthwhile enough solutions
         | probably won't see much of a shift.
         | 
         | But startups that think the market will lap up whatever they
         | have to offer as long as it looks and sounds slick may be in
         | for a rude surprise.
        
           | raw_anon_1111 wrote:
           | Of course it still makes sense to have a startup. Not because
           | you will ever find a decent enough market. But if you are
           | well connected enough you can find a VC and play with other
           | people's money for awhile.
           | 
           | You aren't doing it to get customers, it's for investors and
           | maybe a decent acquisition
        
           | MangoToupe wrote:
           | > Fast forward 3+ years and we're going to see more everyday
           | SMBs hiring a dev to just build them the stuff in-house
           | 
           | I don't see this happening. Businesses generally want
           | familiar tools that work reliably with predictable support
           | patterns.
        
       | sgt101 wrote:
       | The models themselves represent the biggest deflation cases I've
       | ever seem.
       | 
       | The charged cost of a frontier model is ~200x lower than 2 years
       | ago, and the ones we are using now are much better - although
       | measuring that and how much is challenging. Building a "better
       | than GPT-4" model is also vastly cheaper than building GPT-4
       | was... perhaps 1/100th?
        
         | kittikitti wrote:
         | The is a great point that wasn't included in the original
         | article. Thank you.
        
       | einpoklum wrote:
       | > _Desktop app.... though Electron and Tauri have made it easier_
       | 
       | Ugh. I don't like that kind of 'desktop' apps. Huge bloat with a
       | blip of actual app.
        
       | vrighter wrote:
       | "But building the same functionality has undoubtedly become
       | simpler."
       | 
       | I disagree with this statement. It has become simpler, provided
       | you don't care about it actually being correct, and you don't
       | care about whether you really have tests that test what you think
       | you asked for, you don't care about security, and other things.
       | 
       | Building the same thing involves doing the things that LLMs have
       | proved time and again that they cannot do. But instead of writing
       | it properly in the first place, you now need to look for the
       | needle in the haystack that is the subtle bug that _invariable_
       | get inserted by llms every single time I tried to use them. Which
       | requires you to deeply understand the code anyway. Which you
       | would have gotten automatically (and easier) if you were the one
       | writing the code in the first place. developing the same thing
       | _at the same level of quality_ is harder with an LLM.
       | 
       | And the "table stakes" stuff is exactly the thing I would not
       | trust an LLM with for sure, because the risk of getting it wrong
       | could potentially be fatal (to the company, not the dev. Depends
       | on his boss' temperament) with those.
        
         | raw_anon_1111 wrote:
         | And subtle bugs don't get inserted by humans? Did security
         | flaws in software just start happening after LLMs were
         | introduced?
        
           | vrighter wrote:
           | So? The point is that humans do it _much_ less often.
           | 
           | Let's say there are 10 subtasks that need to be done.
           | 
           | Let's say a human has 99% chance of getting each one of them
           | right, by doing the proper testing etc. And let's say that
           | the AI has a 95% chance of getting it right (being very
           | generous here).
           | 
           | 0.99^10 = a 90% chance of the human getting it to work
           | properly. 0.95^10 = only a 60% chance. Almost a coin toss.
           | 
           | Even with 98% success rate, the compounding success rate
           | still goes down to about 81%.
           | 
           | The thing is that LLM's aren't just "a little bit" worse than
           | humans. In comparison they're cavemen.
        
             | raw_anon_1111 wrote:
             | So humans do it much less often yet we have 30 years of
             | evidence to the contrary? Humans still can't figure out how
             | to write code not subject to sql injection after 25 years
             | or how to write code and commit it to GitHub without
             | exposing admin credentials
        
         | peab wrote:
         | I think either you haven't used LLMs for coding in a while, or
         | you're working on things where they might still be limited on.
         | 
         | I've been able to use LLMs to build things in a weekend that I
         | would not have been able to do in the past, without putting in
         | months of serious effort.
         | 
         | I recently rewrote from scratch in a weekend a project that i
         | had made a couple years ago. In a single weekend i now have a
         | better product than I did at the time, when I spent maybe 20x
         | the amount of time on it.
        
       | moralestapia wrote:
       | With re. to the first two paragraphs, it's crazy how someone can
       | be so massively brainwashed.
        
       | Sevii wrote:
       | Good explanation for why hiring stopped. If AI is improving
       | rapidly why hire engineers now that you might not need in 6-12
       | months?
        
         | locknitpicker wrote:
         | > Good explanation for why hiring stopped. If AI is improving
         | rapidly why hire engineers now that you might not need in 6-12
         | months?
         | 
         | I'm not so sure that's the reason. I mean, to believe LLMs
         | replace engineers you first need to believe engineers spend the
         | bulk of their time typing frantically churning out code in
         | greenfield projects. That's not compatible with reality.
         | Although LLMs excel at generating new code from scratch, that
         | scenario is the exception. Introducing significant changes to
         | existing projects still requires long iterations which
         | ultimately end up consuming more development time than actually
         | rolling out the changes yourself.
         | 
         | The truth if the matter is that we are not observing an
         | economic boom. The US is either stagnant or in a recession, and
         | LLMs are not their cause. In an economic downturn you don't see
         | spikes in demand for skilled workers.
        
           | eldavido wrote:
           | Hard agree with both points--this feels way closer to reality
           | than most of what I've read.
           | 
           | On recession: cost of living is becoming crisis-level. I read
           | recently that 67% of Americans are paycheck-to-paycheck.
           | 150k/yr is 12k/month. If groceries go from 500 to 1000/month,
           | a 150k wage-earner save less for retirement. For someone
           | making 30-40k (basically minimum wage), it's a huge hit. Then
           | consider it's the same story for cars, housing, medical
           | care...it goes on and on. It doesn't look "recessionary"
           | because GDP keeps going up. But we're getting so much less
           | for it with every passing year.
           | 
           | I also agree that we need to consider what brownfield dev
           | looks like. It's where the vast majority of my time has gone
           | over 15+ years in software and I'm not convinced all the
           | coordination / sequencing / thinking will be assisted with
           | LLMs. Particularly because they aren't trained on large
           | proprietary codebases.
           | 
           | What we might both be missing, is that for most people,
           | writing the actual code is _hard_. LLMs help with that a lot.
           | That 's what a lot of junior/entry-level work, actually is
           | (not as much planning/thinking as seniors do).
        
         | Bombthecat wrote:
         | We don't hire juniors anymore
         | 
         | They are definitely not needed anymore.
         | 
         | The market is flooded with seniors.
         | 
         | So no problem there either
        
       | zkmon wrote:
       | Infact, the opposite is true. There is tech inflation. Coding
       | will get easier, but that doesn't mean tech is getting easier. It
       | will only get more complex and will drive more segregation.
       | 
       | Tech is dividing the society and driving a wedge deeper. There is
       | a huge population that are being thrown wayside by the high-speed
       | tech highway. Which means the tech is getting more and more
       | unreachable.
       | 
       | AI assistants are only going to make this worse, by removing the
       | direct touch between users and the tech. Tech becomes just
       | unmanageable for average person.
       | 
       | Just like how you were able to do all repairs for your bike, as a
       | kid. But you can't do the same for your car now. Tech never gets
       | easier or reachable.
        
         | coolThingsFirst wrote:
         | I think this is a very solid take. Moreoever, tech will be
         | optimized for LLMs and not humans. Shitty languages will remain
         | shitty because there's no need to optimise them or make them
         | more elegant. Web dev will remain ultra fragmented and will get
         | even worse as the years go by.
         | 
         | Not going to lie, it looks like a bleak future.
        
       | lubujackson wrote:
       | What will become apparent is that when coding costs go to 0,
       | support and robustness costs will be the new "engineering"
       | disciple. Which is in reality how things work already. It is why
       | you can have open source code and companies built on providing
       | enterprise support for that code to companies.
       | 
       | If you want to build a successful AI company, assume the product
       | part is easy. Build the support network: guarantee uptime, fast
       | responses, direct human support. These are the shovels
       | desperately needed during the AI gold rush.
        
       | makapuf wrote:
       | Did google search and stackoverlow and internet deflate
       | programming ?
       | 
       | Comparing with reading books you might have or need to order,
       | read, or get from the library, _you bet_.
       | 
       | There still are some interesting problems to tackle. Maybe more
       | than before. So who knows.
        
       | robotburrito wrote:
       | Does anyone really read any of this stuff anyway?
        
         | all2 wrote:
         | I take great pride in my role as a user of HN. This includes
         | never reading the article and always positing very opinionated
         | tasks without qualification.
        
       | kittikitti wrote:
       | One indicator that I'm watching for deflation is the concept that
       | money is not accepted. Things like social media followers or
       | likes are used as substitutes. People can't buy things like
       | concert tickets or latest merchandise because all the bots have
       | already bought them. Businesses will claim they can't provide a
       | custom service. In tech, this would be spending a modest amount
       | of money on online ads when in reality an ad campaign can only be
       | "bought" with debt.
       | 
       | I think analysis around inflation, deflation, and consumer prices
       | are valid but they are part of an understanding from economies of
       | 100 years ago. Money loses value when you can't do anything with
       | it. Tech and AI runs on debt, and an extraordinary amount of it.
       | Is that really money? I don't think so.
       | 
       | Deflation may suffer from Goodhart's law. Because we've
       | repurposed all of available human resources for mitigating
       | against it, the variables we used to measure it cease to become
       | useful. Our central measure for the economy are things like the
       | stock market and the unemployment rate which have prevalent and
       | valid criticisms that policy makers ignore. They truly don't
       | indicate what's occurring on main street and I'm afraid that we
       | will be in a deflationary spiral without knowing it.
        
       | fasbiner wrote:
       | I disagreed with some points and agreed with others based on my
       | experience and the data I have available, but the last few
       | sentences really weakened the overall point.
       | 
       | > Giga AI, a company building AI customer support agents, claims
       | to have sworn off the "forward deployed engineer" model of custom
       | software favored by many other successful startups, in favor of
       | software that customizes itself--only possible because of coding
       | agents.
       | 
       | Giga AI is not a publicly traded company and they have zero legal
       | liability or possible downside for lying, and massive upside for
       | lying. They also don't have real customers and are not in
       | positive revenue. The trend is that everyone who has said this
       | was lying.
       | 
       | When there's tangible evidence of this, I think it will be an
       | important part of the discussion. Until then, saying "claims" and
       | "but I don't really know" but then paraphrasing their press
       | release without analysis is about as sophisticated and as honest
       | as tweeting "people are saying."
       | 
       | The author should take their own advice and wait six months when
       | these claims will be easier to substantiate and support the
       | analysis far more strongly.
        
       | hollow-moe wrote:
       | Imagine, people aren't spending already because they have no
       | money, things keeps getting pricier and pricier, people buy less
       | and less trying to put aside in case something happens like an
       | accident. And "higher people" still thinks "lower price bad". I
       | sure hope the wall hits so hard countries fall.
        
       | Barathkanna wrote:
       | As someone building AI infrastructure, this deflation idea shows
       | up very differently for us. Application founders can afford to
       | say they will wait for the next model, but infrastructure
       | founders cannot. The value we create is not in shipping features
       | faster. It is in absorbing the volatility that sits underneath
       | the entire AI stack.
       | 
       | Models keep getting cheaper and more capable every few months.
       | However, the underlying compute economics do not deflate at the
       | same rate. GPU provisioning, inference orchestration, bandwidth
       | constraints, latency guarantees, regulatory requirements, and
       | failure handling do not become magically simple because a new
       | model improved its reasoning. In reality, each improvement on the
       | model side increases pressure on the infrastructure side. Bigger
       | context windows, heavier memory footprints, more parallel
       | requests, and more complex agentic workflows all increase the
       | operational burden.
       | 
       | For infrastructure teams, waiting does not help. The surface area
       | of what needs to be built only grows. You cannot delay
       | autoscaling, observability, scheduling, routing, or privacy
       | guarantees. Applications will always demand more from the
       | infrastructure, and they will expect it to feel like a commodity.
       | 
       | My view is that technical deflation applies much more to
       | application startups than to infrastructure startups. App
       | founders can benefit from waiting. Infra founders have to build
       | now because every model improvement instantly becomes a new
       | expectation that the infra must support. The baseline keeps
       | rising.
       | 
       | The real moat in the next era is not the speed of feature
       | development. It is the ability of your infrastructure to absorb
       | the increasing chaos of more capable models while keeping the
       | experience simple and predictable for the user
        
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