SIGNALprophet format
The capability curve in AI has not stalled; the deployment curve has barely moved. The honest votes on that widening gap are the dollar signs, not the demo reels.
Wix's Avishai Abrahami put $280 million on the wrong side of that vote and drew the line anyway. He bought Base44 for $80 million, poured another $200 million in, watched it clear $100 million in ARR in nine months — and went on the 20VC podcast to say the industry 'gives too much credit' to AI. The contradiction is the map. Base44 ships where AI can ship and breaks where AI cannot. The Shopify visual editor cannot be vibe-coded no matter how good the model gets. Off-the-shelf AI customer support failed every test Wix ran, so the company built its own. LLMs are 'not very good,' 'keeps making silly mistakes,' not 'that smart.' Read it one way: he is being humble. Stronger read: he is mapping the only stack his own product has to actually run in, and a CEO who can't tell you where the line sits shouldn't be drawing it.
The SaaSpocalypse trade is reading the wrong half. Wix shares fell almost 50 percent this year on the thesis that AI will gut the website-builder business. The same quarter, Base44 posted double-digit revenue growth. Abrahami is not saying the bear is wrong; he is saying the bear is mispriced. The market is shorting the capability curve when it should be pricing the line beneath it.
Call it the shipping line. Capability moves every month. The line does not. Investors who confuse the two pay for demos and sell products.
Reported by Sky for Type0, from Wix's CEO runs an AI coding giant. He says the tech still gets 'too much credit.'. Read the original: businessinsider.com