Coinbase lays off nearly 700 workers in 'AI-native' restructuring - Engadget
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CEO Brian Armstrong blamed a downturn in crypto markets.
  • Darkcoffee@sh.itjust.worksEnglish
    12·
    3 days ago

    Armstrong claimed he’d seen engineers “use AI to ship in days what used to take a team weeks” and that non-technical teams in the company are “shipping production code,”

    Non-technical teams are shipping production code? Oh boy this is going to be biblical isn’t it?

    Get ready for people losing all that was in their wallets.

    • Teppa@lemmy.worldEnglish
      0·
      2 days ago

      I just dont think anything can happen, because the majority of the keys are airgapped. The insurance then covers the online keys.

      This is typical capitalism, dont maximize for quality when you can sidestep the repercussions.

      • NekoKoneko@lemmy.worldEnglish
        2·
        2 days ago

        I wouldn’t underestimate the security holes that spaghetti AI code will create. Hackers have had a motivation to get creative solving those problems for a long time. E.g., a persistent logger or listener over an extended time to collect rarely used keys when they production cross the air gap, for a single catastrophic hack later?

        Ultimately in a code-illiterate world, the code-literate hacker is king.

  • baggachipz@sh.itjust.worksEnglish
    2·
    2 days ago

    Let me guess, they’re going to “become an ai company” soon. Now that the crypto grift is over, gotta pivot to the next one.

  • pinball_wizard@lemmy.zipEnglish
    1·
    2 days ago

    This is a weird one, because (in my experience) CoinBase was already wildly incompetent, before this.

    How can they sacrifice all of their competence on the alter of AI, if they have no competence to sacrifice? One can’t re-delete the customer database after it has been deleted, if there wasn’t a backup.

    One could be left with no choice but to disappear with all that BitCoin, I suppose.

    I’ll be watching this with popcorn in hand.

  • Alberat@lemmy.worldEnglish
    1·
    2 days ago

    it’s a good thing they didn’t lay off anyone important… just coinbase employees

  • bagsy@lemmy.worldEnglish
    1·
    2 days ago

    anyone still at coinbase after this has a responsibility of driving it into the ground with AI. do it for your fellow developers, do it for humans.

  • Tollana1234567@lemmy.todayEnglish
    01·
    2 days ago

    still peddling crypto after sbf basically unravelled the PONZI scheme and everyone jumped shipped to next scheme, AI. people i know who invested alot in crypto all lost money on it, if you are not lucky on own bitcoins early one.