Dot-com vibes.
AI ‘Friend’ Company Spent $1.8 Million and Most of Its Funds on Domain Name
Submitted 3 months ago by sabreW4K3@lazysoci.al to technology@beehaw.org
https://www.404media.co/ai-friend-company-spent-1-8-million-and-most-its-funds-on-domain-name/
Comments
avidamoeba@lemmy.ca 3 months ago
Retiring@lemmy.ml 3 months ago
Archive link against the pay/subscription wall
sabreW4K3@lazysoci.al 3 months ago
Thank you. I run BPC and forget that not everyone does.
Thorry84@feddit.nl 3 months ago
Please note the title is misleading. The domain was sold for 1.8 million, but with a payment plan. So that 1.8 million gets spread out of a longer time. Sure some of the initial funding paid for it, but it’s misleading to say it spent most of their funds.
jonsnothere@beehaw.org 3 months ago
That honestly seems pretty low for friend.com
Although the fact they’re developing hardware on less than a million dollar budget is bananas, let alone the other whack ideas
kandoh@reddthat.com 3 months ago
I remember when the place I worked at changed names and some Russian guy was sitting on the domain name, wouldn’t let it go for less than a million.
The CEO signed off on it after a day of consideration. Really changed my perspective on how much money these companies were sitting on.
smeg@feddit.uk 3 months ago
“People just don’t get consumer, I view this as saving money. Much less money needs to be spent on marketing, it’s a one time thing,” Schiffmann said.
The fact that we’re now reading this article and talking about it kind of proves his point!
MagicShel@programming.dev 3 months ago
Speak for yourself; I’m not going to read the article and just assume it’s silly garbage based on comments and having seen a few garbage products in my day.
Kit@lemmy.blahaj.zone 3 months ago
Friend.com for those who don’t want to read the article
massive_bereavement@fedia.io 3 months ago
They should have called it Friend Computer instead.
kandoh@reddthat.com 3 months ago
Or just use AI or IO instead of com
Malgas@beehaw.org 3 months ago
Indeed, friend citizen. Would you like some Bouncy Bubble Beverage?
TehPers@beehaw.org 3 months ago
Looks like the article requires an account. Is there an archived version?
hand@lemmy.studio 3 months ago
dormedas@lemmy.dormedas.com 3 months ago
The article is even more wack than the price for the domain. They want to launch a $99 necklace that listens to everything you say while it “forms its own thoughts” about it. Then instead of talking to you, it just texts you when IT “wants” (read: on a timer or based on a system prompt)
The monetization is a one-time $99, no subscription. That’s … suspicious from a privacy perspective.