CROSSPOST: NOAH SMITH: How Much More Software Do We Really Need?

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“Not much of the kinds that we are used to”, says Noah Smith. His subhead: probably a lot, but not necessarily the kinds people have made money on so far. It is not that scaling laws are nearly exhausted for the machines. It is that the scaling law by which the machine’s being able to do more meant that it was worthwhile to let it command our attention and take over our work has hit rapidly diminishing returns..CROSSPOST: NOAH SMITH: How much more software do we really need?Probably a lot, but not necessarily the kinds people have made money on so far.Noah SmithJun 02, 2026∙ PaidNoahpinionHow much more software do we really need?So, Anthropic is going to IPO! The company is valued at almost $1 trillion, so this is going to be one of the biggest IPOs in history — the only other competitor being SpaceX, which is also set to go public soon. It’ll be one of the largest wealth creation events in history — the company’s seven founders are each going to be worth…Read more5 days ago · 181 likes · 15 comments · Noah SmithNoahpinionEconomics and other interesting stuffBy Noah SmithSo, Anthropic is going to IPO! The company is valued at almost $1 trillion, so this is going to be one of the biggest IPOs in history — the only other competitor being SpaceX, which is also set to go public soon. It’ll be one of the largest wealth creation events in history — the company’s seven founders are each going to be worth almost $20 billion, and regular employees will be worth in the millions to tens of millions. So much for my chances of buying a house in San Francisco!Whether Anthropic is worth t…