Based on the farewell message on kite.com, what were the two primary reasons Adam Smith stated for Kite's business failure? Additionally, what was his perspective on the readiness of AI technology for coding assistance at the time of Kite's operation, and how did he view GitHub Copilot in late 2022?
Navigate to 'https://www.kite.com/'. Read the 'Kite is saying farewell' message from Adam Smith. Identify the two main reasons stated for Kite's business failure. Determine Adam Smith's perspective on the readiness of AI technology for coding assistance during Kite's operational period. Find his assessment of GitHub Copilot as of late 2022. Synthesize this information into a concise answer.
State the two primary reasons for Kite's failure as 'failed to deliver our vision of AI-assisted programming because we were 10+ years too early to market' and 'the tech is not ready yet'. Explain that Adam Smith believed the state-of-the-art for ML on code was not good enough, and their advanced AI fell short of the 10x improvement required. State that Adam Smith viewed GitHub Copilot as showing 'a lot of promise but still has a long way to go' as of late 2022.