“The number one biggest finding, I think, for a use of LLMs is that LLMs cause the Dunning-Kruger effect to be magnified. They convince you that you're more capable than you are at while they degrade your actual capabilities.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Eric Ries
Opinion
Ries: AI in-context learning inevitably produces average work
“What they call in context learning is not learning. It's just token prediction does next token guessing. So what happens is it just, it inevitably convinces itself To do average work, because that's what's in the training data.”
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Insight
Ries: Outsourcing product building to AI slows startups down
“If you just send it off to do the artifacts for you, if you have it make a product that you don't understand how that product is or what it works, if you don't talk to the customers, but you have the machine talk to customers for you, it will not actually acce…”
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PredictionOpen · timeframe May 2031
Ries: Vibe coding will inevitably cause a massive mission-critical disaster
“It's only a matter of time before someone vibe codes their way into a massive mission critical disaster. When they deploy code they think they understand, but they don't.”
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AssertionSupported
Ries: LTSE petition caused SEC to consider ending quarterly reporting
“In fact, if you've noticed, I don't know if you've noticed the headlines in recent months that the SEC is considering eliminating quarterly reporting for the first time in 40 years. That's our petition.”
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AssertionSupported
Ries: Tobacco companies make about $6,000 in profit per customer death
“Data says that tobacco companies make about 6000 dollars per death.”
Eric RiesMay 26, 2026▶ 29:05Episode 834 | Eric Ries Revisits The Lean Startup and Discusses H...
Insight
Ries: Standard startup best practices are actually value-destroying
“I actually think we've been misled by a whole package of what are today called best practices about how companies are to be built, structured, and governed. That are frankly value destroying.”
Eric RiesMay 26, 2026▶ 3:22Episode 834 | Eric Ries Revisits The Lean Startup and Discusses H...
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