Wix's CEO runs an AI coding giant. He says the tech still gets 'too much credit.'
Wix CEO Avishai Abrahami criticized the tech world's AI hype.Abrahami said he doubts AI's ability to replace jobs, citing frequent mistakes and limitations.Wix shares have dropped nearly 50% this year on SaaSpocalypse fears.Even the CEO behind a buzzy AI coding platform says Silicon Valley is overselling AI.On an episode of the "20VC" podcast released on Monday, Avishai Abrahami, the CEO of Wix, a web design company that acquired the vibe-coding platform Base44, addressed one of the industry's biggest debates: AI's ability to replace traditional software and human employees."I would love to say the team in three years, we will be a thousand people in Base44 and a thousand people in Wix, and everything else would be AI agents. I'm not so sure it is possible,"Abrahami said.
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Wix CEO Avishai Abrahami criticized the tech world's AI hype.Abrahami said he doubts AI's ability to replace jobs, citing frequent mistakes and limitations.Wix shares have dropped nearly 50% this year on SaaSpocalypse fears.Even the CEO behind a buzzy AI coding platform says Silicon Valley is overselling AI.On an episode of the "20VC" podcast released on Monday, Avishai Abrahami, the CEO of Wix, a web design company that acquired the vibe-coding platform Base44, addressed one of the industry's biggest debates: AI's ability to replace traditional software and human employees."I would love to say the team in three years, we will be a thousand people in Base44 and a thousand people in Wix, and everything else would be AI agents. I'm not so sure it is possible,"Abrahami said. "I think that we all give too much credit for AI and what it can do."He added that AI is not doing well "for a lot of the things" at detailed levels.The CEO said that vibe coding, for example, was far from a perfect solution. Wix bought Base44 for $80 million last year, and Abrahami said it has invested $200 million into the platform."You try to build anything very complicated, it's hard when you're trying to do visual editing.
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- What's the story?
- Wix CEO Avishai Abrahami criticized the tech world's AI hype.Abrahami said he doubts AI's ability to replace jobs, citing frequent mistakes and limitations.Wix shares have dropped nearly 50% this year on SaaSpocalypse fears.Even the CEO behind a buzzy AI coding platform says Silicon Valley is overselling AI.On an episode of the "20VC" podcast released on Monday, Avishai Abrahami, the CEO of Wix, a web design company that acquired the vibe-coding platform Base44, addressed one of the industry's biggest debates: AI's ability to replace traditional software and human employees."I would love to say the team in three years, we will be a thousand people in Base44 and a thousand people in Wix, and everything else would be AI agents. I'm not so sure it is possible,"Abrahami said.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 8m ago.
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Wix's CEO runs an AI coding giant. He says the tech still gets 'too much credit.'
Sources1TypeCoverageBusiness Insider