Wix's CEO runs an AI coding giant. He says the tech still gets 'too much credit.'
Wix CEO Avishai Abrahami argues that AI is currently overhyped and lacks the capability to replace complex human labor or white-collar jobs. He notes that AI often makes mistakes and is not yet suitable for building sophisticated software systems.
Why it matters
This perspective provides a counter-narrative to the prevailing tech industry optimism regarding the immediate replacement of human workers by AI.
Avishai Abrahami, the CEO of Wix, says that AI is getting "too much credit." AI 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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