Please let this be the beginning of the bubble burst
The next big thing is NI: natural intelligence! Replace you hallucinating AI with a person that can solve problems without hallucinating (usually)!
Ah man I can’t wait for the advertising to pick up on this.
“Has AI crapped the bed again? Here at “local store” we have genuine authentic humans to interact with”
Tech CEOs are a cancer on society and the planet. Ruining everything just to make fake numbers go higher.
So in Texas the powerball reached over a billion dollars recently and a single person claimed the jackpot with a single ticket using AI to generate the winning numbers. Besides that I have seen no other real profit in the real world. Gotta figure out how they did it before the bubble pops I guess.
The word “generate” is pulling a lot of weight here.
Yeah, No Shit Sherlock, everyone already told you that 3 years ago.
It never ceases to amaze how entirely disconnected these folks are.
Haha lol
Let’s short-sell now!
Instead of looking for other avenues for growth, though, PwC found that executives are worried about falling behind by not leaning into AI enough.
“A small group of companies are already turning AI into measurable financial returns, whilst many others are still struggling to move beyond pilots,” said PwC global chairman Mohamed Kande in a statement. “That gap is starting to show up in confidence and competitiveness, and it will widen quickly for those that don’t act.”
PwC also pointed out that most companies were lacking the “AI foundations, such as clearly defined road maps and sufficient levels of investment” to realize a return.
And I imagine the only reason I’m drowning is that I didn’t bring enough gallons of their energy drink into the sea with me. Wow.
Butlerian Jihad Now!
Instead of looking for other avenues for growth, though, PwC found that executives are worried about falling behind by not leaning into AI enough.
These are the people in charge of the economy.
TIL the economy is driven by FOMO.
Always has been
Feels like it kicked into hyper-drive after Bitcoin blew up
It’s called futures. Do you even stonk?
It’s the “sunk cost fallacy”. They’ve already invested so much, that turning back now means a total loss…when success “might be” just around the corner, if they only invest a little more. In for a penny, in for a pound.
Not just sunk cost, they see all this apparent press, writers, business leaders saying they have fantastic results, so obviously they most be doing something wrong.
I have seen it over and over again in tech. People are told that everyone else in the world is doing great with some tech and everyone is so afraid they are “not getting” something they won’t say anything or else they will pretend they also “get it” and it is awesome.
Not even things that have marketing spend behind it, some programming paradigm or whatever. Marketing spend makes it worse, but all by ourselves everyone seems to be afraid to somehow be seen as a clueless Luddite at any second.
It’s really weird when you attend some talk where the guy talks up sonething or another and then in more casual private conversation basically admits straight up that he actually doesn’t see the benefit, but feels like he has to dance the dance.
The mentality of the gambler. There’s a lot of people out there who have this addiction and just aren’t fortunate enough to have lucked into becoming a CEO. That’s how you know it’s a lottery, and being born into riches is a. shortcut.
“Falling behind” is such a bullshit phrase.
FOMO for CEOs
In this context or period?
Specifically this context. Like “falling behind in school,” I get. There are grades. Some people do better while some fall behind. It’s a scaler value with a good end and a bad end.
But the AI bros are co-opting the phrase and presupposing that ALL OF TECHNOLOGY is on a linear scale where the good end is more AI shit and the bad end is less AI shit. They’re using a scaler when they should be using a vector.
I’ve mentioned it before on here, but my cousin is taking an AI class in college. He tried to convince my business-owner uncle to let him create an agent for his company’s website so he won’t “fall behind.”
My uncle owns a gas station.
Haha, alright — I totally understand what you mean. Yet another phrase co-opted by those that would rather spend their time seeming intelligent rather than being intelligent.
While it’s felt so keenly now, it has always been a part of tech. Some amazing stuff comes out, and thus everything most be amazing and you can’t afford to miss out.
In practice, if the tech is truly that great, then you can catch up real quick after waiting to understand if it is great. But everyone FOMOs constantly.
I think it’s different this time around. Tech pundits might write “If Apple doesn’t have a VR/AR product in the next six months, they’re falling behind,” but this is the first time in my memory that it’s been tech companies staring down consumers and small businesses and saying “If you don’t adapt to this technology, you will lose your job.”
A common phrase of mine is, “the truth is, there is no bus driver at the wheel”.
I thought it was Sandra Bullock and Keanu Reeves driving this thing!
Truly the only group of people worthy of marching us into the sea.
Majority of people that aren’t out of touch with reality are completely unsurprised.
Rich people: Debunking the idea that the rich are the smartest since about 10,000 BCE.
What they lack in smarts, they can make up for in selfishness.
And a granny state to bail them out if they lose all their money at the casino.
Don’t forget psychopathy
And caloric value.
And here is the umpteenth reason to think that C-suites run only on nepotism and empty promises: they’re filled with people who are actively bad at their jobs. But while the rest of us gain skills and hone them to try and make a handful of extra peanuts, the guys in the corner offices get handed jobs by family members or friends, simply because it is their destiny to have it.
And thus they never have to be good at it, and any competition for it is artificial, and you end up with people holding the reins of entire companies who have literally no idea the consequences of their decisions or the impact of their policies.
AI has never delivered a return – at all – and most of these people probably cannot even define how it works or what benefit it is meant to bring, outside of “replace people with machine, bring more $$$, why use more people when less people do trick?”.
