Wix CEO Admits AI Is Less Terminator, More Clumsy Intern
KEY POINTS
- •Avishai Abrahami, Wix CEO, said July 2026 AI is overhyped and often makes silly mistakes.
- •Wix acquired vibe-coding platform Base44 for $80 million last year, investing $200 million more into it.
- •Despite double-digit Base44 growth, Wix shares fell nearly 50% amid fears AI-powered products threaten their business.
Avishai Abrahami, Wix's CEO who dropped $80 million on the vibe-coding startup Base44 plus another $200 million trying to turn AI into a coding wizard, admits AI still flubs the basics — like building anything 'complicated' or editing visuals without constant headaches. On the '20VC' podcast July 2026, he put AI on notice for its 'silly mistakes' and failure to replace white-collar jobs anytime soon, despite tech hype. Meanwhile, Wix’s shares have tanked nearly 50% this year amid ‘SaaSpocalypse’ fears, even though Base44 is oddly growing. Apparently, AI’s great—just not great enough to kill real jobs or silent humans anytime soon.
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(1 of 3)Wix CEO just admitted AI’s biggest talent is messing up so badly no one’s losing jobs yet. Surprise, surprise.
Spent $280 million to teach AI coding and it’s still less reliable than my autocorrect on a Monday morning.
Wix CEO basically said AI can’t vibe-code Shopify, but at least it’s great at breaking stuff elegantly.
Source: Businessinsider | Published: 7/14/2026 | Author: Shubhangi Goel
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