{"id":584956,"date":"2026-07-14T10:02:15","date_gmt":"2026-07-14T10:02:15","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/584956\/"},"modified":"2026-07-14T10:02:15","modified_gmt":"2026-07-14T10:02:15","slug":"wixs-ceo-runs-an-ai-coding-giant-he-says-the-tech-still-gets-too-much-credit","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/584956\/","title":{"rendered":"Wix&#8217;s CEO runs an AI coding giant. He says the tech still gets &#8216;too much credit.&#8217;"},"content":{"rendered":"\n<ul class=\"yf-1jsc1up\">\n<li class=\"yf-1jsc1up\">\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Wix CEO Avishai Abrahami criticized the tech world&#8217;s AI hype.  <\/p>\n<\/li>\n<li class=\"yf-1jsc1up\">\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Abrahami said he doubts AI&#8217;s ability to replace jobs, citing frequent mistakes and limitations.  <\/p>\n<\/li>\n<li class=\"yf-1jsc1up\">\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Wix shares have dropped nearly 50% this year on SaaSpocalypse fears.  <\/p>\n<\/li>\n<\/ul>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Even the CEO behind a buzzy AI coding platform says Silicon Valley is overselling AI.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">On an episode of the &#8220;20VC&#8221; podcast released on Monday,<strong> <\/strong>Avishai Abrahami, the CEO of Wix, a web design company that acquired the <a href=\"https:\/\/www.businessinsider.com\/make-app-cursor-lovable-base44-vibe-coding-tools-comparison-2026-3?utm_medium=referral&amp;utm_source=yahoocom&amp;utm_medium=syndication&amp;utm_source=yahoo\" data-ylk=\"slk:vibe-coding%20platform%20Base44;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;vibe-coding platform Base44&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">vibe-coding platform Base44<\/a>, addressed one of the industry&#8217;s biggest debates: AI&#8217;s ability to replace traditional software and human employees.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;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&#8217;m not so sure it is possible,&#8221;Abrahami said. &#8220;I think that we all give too much credit for AI and what it can do.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">He added that AI is not doing well &#8220;for a lot of the things&#8221; at detailed levels.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The CEO said that vibe coding, for example, was far from a perfect solution. Wix <a href=\"https:\/\/www.businessinsider.com\/startups-raising-billions-vibe-coding-boom-cursor-lovable-replit-emergent-2026-3?utm_medium=referral&amp;utm_source=yahoocom&amp;utm_medium=syndication&amp;utm_source=yahoo\" data-ylk=\"slk:bought%20Base44;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;bought Base44&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">bought Base44<\/a> for $80 million last year, and Abrahami said it has invested $200 million into the platform.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;You try to build anything very complicated, it&#8217;s hard when you&#8217;re trying to <a href=\"https:\/\/www.businessinsider.com\/ai-coded-app-user-interface-experience-design-2026-7?utm_medium=referral&amp;utm_source=yahoocom&amp;utm_medium=syndication&amp;utm_source=yahoo\" data-ylk=\"slk:do%20visual%20editing;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;do visual editing&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">do visual editing<\/a>. It&#8217;s really annoying,&#8221; he said. &#8220;You&#8217;re not going to vibe code Shopify no matter how good you are.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">In another example, Abrahami said the company tried several times to buy AI customer support systems but had to build its own after being disappointed with the off-the-shelf options. He also said that he is not prioritizing<strong> <\/strong>swapping human customer support with AI.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;I would not be that concerned with LLM replacing every kind of white-collar jobs,&#8221; he said. &#8220;It&#8217;s not that smart. It keeps making silly mistakes. It&#8217;s not very good.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Abrahami&#8217;s comments follow a rough year for Wix. Its shares have fallen almost 50% as investors question whether AI-powered website builders will erode its core business.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Wix is in a unique position compared to other software providers: While its stock is being punished by <a href=\"https:\/\/www.businessinsider.com\/software-stocks-ai-trade-tech-record-quarter-msft-orcl-intu-2026-6?utm_medium=referral&amp;utm_source=yahoocom&amp;utm_medium=syndication&amp;utm_source=yahoo\" data-ylk=\"slk:industry-wide;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;industry-wide&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">industry-wide<\/a><a href=\"https:\/\/www.businessinsider.com\/software-stocks-ai-trade-tech-record-quarter-msft-orcl-intu-2026-6?utm_medium=referral&amp;utm_source=yahoocom&amp;utm_medium=syndication&amp;utm_source=yahoo\" data-ylk=\"slk:;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><strong> <\/strong><\/a><a href=\"https:\/\/www.businessinsider.com\/software-stocks-ai-trade-tech-record-quarter-msft-orcl-intu-2026-6?utm_medium=referral&amp;utm_source=yahoocom&amp;utm_medium=syndication&amp;utm_source=yahoo\" data-ylk=\"slk:%22SaaSpocalypse%22%20fears;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;\\&quot;SaaSpocalypse\\&quot; fears&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">&#8220;SaaSpocalypse&#8221; fears<\/a>, it has reported double-digit revenue growth from Base44.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">If you enjoyed this story, be sure to follow <a href=\"https:\/\/profiles.yahoo.com\/brands\/business-insider\/\" data-ylk=\"slk:Business%20Insider;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Business Insider&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"nofollow noopener\">Business Insider<\/a> on Yahoo.  <\/p>\n","protected":false},"excerpt":{"rendered":"Wix CEO Avishai Abrahami criticized the tech world&#8217;s AI hype. Abrahami said he doubts AI&#8217;s ability to replace&hellip;\n","protected":false},"author":2,"featured_media":584957,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[261],"tags":[291,289,290,220101,18,19,17,82,147267],"class_list":["post-584956","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-avishai-abrahami","tag-eire","tag-ie","tag-ireland","tag-technology","tag-wix"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116917760606140288","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/584956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=584956"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/584956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/584957"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=584956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=584956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=584956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}