tech
Wix's CEO runs an AI coding giant. He says the tech still gets 'too much credit.'
Wix spent over $200 million on its vibe coding platform. The CEO still thinks AI is oversold.
TL;DR
- Wix CEO Avishai Abrahami believes Silicon Valley oversells AI's capabilities.
- He stated that AI is not very smart and frequently makes silly mistakes.
- Abrahami is unsure if AI agents can completely replace human employees in the near future.
- He cited difficulties with complex visual editing and the need for Wix to develop its own AI customer support systems.
- Wix has invested $200 million into its vibe-coding platform, Base44.
- Despite broader market concerns, Wix has reported double-digit revenue growth from Base44.