Vercel completes $250 mln Series E round at $3.25 bln valuation (www.reuters.com)

submitted 6 months ago by lysdexic@programming.dev to c/loud@programming.dev

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[-] BlackEco@lemmy.blackeco.com 4 points 6 months ago

Vercel said it will use the funds to build out its v0 product, which leverages generative artificial intelligence to build user interfaces from text descriptions.

Users can tell v0 what they want their websites to look like and v0 will generate the code, eliminating the need for coding skills.

The goal of v0 is to enable companies to instantly generate personalized websites, Rauch said.

🤮

[-] MagicShel@programming.dev 2 points 6 months ago* (last edited 6 months ago)

In other words, it's just a ChatGPT prompt and a bit of infrastructure. I'll build it for $50 million in VC funds. Come save 80%, capitalists.

Edit: I'll value it at one hundred... billion?

[-] ericjmorey@programming.dev 1 points 6 months ago

Does this mean that they're going to stop funding the development of Next.js and Sveltekit?

[-] BlackEco@lemmy.blackeco.com 2 points 6 months ago

Definitely not. Though I would have preferred that they put those millions toward improving the DX and fixing bugs in Next.js and Satori 😒

this post was submitted on 16 May 2024

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