Wix’s CEO runs an AI coding giant. He says the tech still gets ‘too much credit.

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Wix CEO Avishai Abrahami argues that the tech industry is overestimating the current capabilities of artificial intelligence, stating that AI is getting “too much credit” for its ability to replace human workers. Speaking on the 20VC podcast, Abrahami cited frequent “silly mistakes” and a lack of reliability in Large Language Models (LLMs) as primary barriers to fully automating white-collar roles.

Wix CEO Challenges AI Job Replacement Narrative

Avishai Abrahami does not believe AI agents will soon replace the bulk of a company’s workforce. While he expressed a desire to see a future where AI handles the majority of operations, he admitted on the 20VC podcast that he isn’t sure such a transition is currently possible. He specifically noted that LLMs struggle with detailed, complex tasks and lack the intelligence required to replace most white-collar positions.

Abrahami’s skepticism extends to customer service. He revealed that Wix attempted to purchase existing AI customer support systems but found the off-the-shelf options disappointing. Consequently, the company chose to build its own internal system and is not prioritizing the replacement of human support staff with AI.

The Limits of ‘Vibe Coding’ and Base44

Wix has invested heavily in AI-driven development, including the acquisition of the “vibe-coding” platform Base44 for $80 million last year, with an additional $200 million invested into the platform. Despite this spending, Abrahami cautioned that “vibe coding”—the process of using natural language to describe a desired outcome rather than writing manual code—is far from a perfect solution.

The Limits of 'Vibe Coding' and Base44

According to Abrahami, the technology fails when users attempt to build highly complicated features or perform precise visual editing. He explicitly stated that “you’re not going to vibe code Shopify,” suggesting that high-complexity e-commerce platforms remain beyond the reach of current AI coding capabilities.

Market Pressure and the ‘SaaSpocalypse’

The CEO’s pragmatic take on AI comes amid significant volatility for Wix. The company’s shares have fallen nearly 50% this year, driven by investor fears of a “SaaSpocalypse”—a term used to describe the potential collapse of traditional Software-as-a-Service (SaaS) business models as AI makes basic software creation trivial.

Market Pressure and the 'SaaSpocalypse'

Investors worry that AI-powered website builders will erode the core value proposition of platforms like Wix. However, the company reports a divergence between its stock price and its operational growth, noting double-digit revenue growth specifically from the Base44 integration.

AI Capability: Expectation vs. Reality

The gap between AI hype and utility is evident in how Wix is deploying the technology. The following table contrasts the industry narrative with Abrahami’s reported experience:

Industry Narrative Wix CEO’s Observed Reality
AI Agents can replace thousands of employees. AI makes “silly mistakes” and lacks sufficient intelligence.
Off-the-shelf AI support is ready for enterprise. Existing options were disappointing; required custom builds.
Natural language “vibe coding” replaces manual dev. Visual editing and complex builds remain “annoying” and hard.

As Wix continues to integrate Base44, the company’s trajectory will likely serve as a bellwether for whether AI acts as a disruptor that destroys SaaS margins or a tool that enhances the productivity of human developers.

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