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
You never lived through the dotcom bubble.
Or tulip mania
I do like to think I could have made money on that one and will always regret avoiding it. It was clearly always a bubble with nothing behind it (less than the current ai bubble), but at the same time was a huge long shot.
Like any bubble, you can make money if you’re in early enough but it’s absolutely critical to get out in time before everything comes crashing down. I try to avoid speculation bubbles because I’m not good at getting out in time. But for the bitcoin craze, I think it was much clearer than other bubbles. There was a clear transition where all the faithful were gone and it was pure speculation finance bros. Clearly it had jumped the shark but there was still opportunity to get out of the water
If it makes you feel any better, I was an early adopter, mined 36 bitcoins, got bored, heard years later that bitcoin was “a thing” now and never found my wallet.
It’s called futures. Do you even stonk?
There is an incredible amount of incompetance in executive class America. The shit floats to the top, and after decades of ass kissing they get appointed CEO. It’s just one get rich quick scheme after another. 2008 everyone invested in the Hah-vud algorithm for free money in debt derivatives without anyone validating the algorithm, and 17 years later, same shit with A1.
These clowns are all hot boxing their own farts on Linkedin.
It’s a faith based economy, and when a large amount of participants will believe 2+2=5 there’s no limit to the fuckery you can do!
when a large amount of participants will believe 2+2=5
“Falling behind” is such a bullshit phrase.
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.
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.
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.
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.
This metaphor made me laugh and cry at the same time. Granny state indeed. I remember seeing those old folks in Vegas and being horrified about that future. My fear created an entire economy out of that old person at the slot machine stereotype.
Don’t forget psychopathy
And caloric value.
I’m starting to think that most “business” leaders have the skills of a Trump. It’s all puffery.
I work in IT, and the accuracy of “The IT Crowd” when it comes to management is scary. How they get anything done is beyond me.
They don’t get anything done they just ask other people to do stuff. Their job is to nag you and stress you out until you do stuff
Have you ever talked to a CEO? Like, sit down and talk face to face? Their are dumb as rocks. They are dumb as rocks and make all the money, and just move around from company to company, running them into the ground.
Yes. My last 3 were excellent businessmen and treated employees exceptionally well.
The one before that was a buffoon, but that was a tiny 13-person company. Our main vendor said, “He’s a man who has found great success despite himself.”
During americas “great” years a lot of the research and development was guided by long term USA policy. We are no longer guided by any sense of what’s to come. It’s a greedy grab all free-for-all. No rules no restrictions, just have fun and make lots of money.
If trump can graduate with a IVY league degree, that says a lot about the (trogolydite) IVY league grads.
Ivy league degrees are only impressive if you’re poor. Any idiot multimillionaire or above can buy one for themselves.
We said the same thing about bush! Clearly they lost their luster damn near a century ago.
Ivy League schools were never about education. They’ve always about making connections with other elites.
and suckering in the actual talent/smart kids, to be exploited by those elites with connections
Tech CEOs are a cancer on society and the planet. Ruining everything just to make fake numbers go higher.
TechCEOs are a cancer on society and the planet. Ruining everything just to make fake numbers go higher.It’s sad how few of you have taken the time to research or attempt to start a business. Of any sort.
People aren’t evil for selling a service and registering it as a corporation which often requires a CFO and a CEO/President, even if the business has only a couple people. A lot of these businesses struggle financially just as much as any welfare recipient.
Do you think the only people who aren’t evil are the non-industrious? It comes across as pathetic parasitic envy.
I hope we find a way to cure it
Luigi found a pretty good solution.
But, all jokes aside, the best solution is to start taxing these fuckers as hard as possible.
What we really need is to speedrun evolution, and reach the next step sooner, where greed is no longer a factor and things are more globalistic, etc. You know, something sensible. Otherwise, it’s just a cycle that repeats, even with people like Luigi appearing every now and then, and society cheering them on. The next cycle is behind the corner, at any time. We have to break the cycle with radical changes to human behavior and motivations in general.
When we have the potential to reach post-scarcity, scarcity will become artificial solely for the purpose of wielding influence or expressing power.
That’s the world we are already living in.
Not really. There are many resources on the planet that are finite. Silicon and Helium for example.
My company is forcing that everybody use AI by having weekly reviews. They expect throughput of 2-4x hahahahaha
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”
A car dealership here has started running podcast ads to that effect. Kinda rides the line between “we’re your local car dealer” and “we’re actually people”.
Majority of CEOs tried to use Ai on the wrong level of their company: at the bottom.
Those who advocate for AI the most are the ones who understand it the least.
CEOs aren’t in the positions they hold because they’re qualified to lead corporations. They’re there solely to figure out the best way to exploit workers legally, and illegally without getting caught. Replacing the workforce with LLMs is all they care about. Makes that job a million times easier, even if it isn’t working.
How could they have possibly thought AI would make them money? Lmfao. It sucks power and water just to give wrong answers or generate “art” with terrible attention to detail…
I do think it’s disingenuous to downplay how effective AI can be. If you ask certain AI a question, it will give you a faster and better answer than using a search engine would, and will provide sources for further reading if requested.
And the art, whilst not as good or as ethical as human art, can still be high quality.
Being against AI is completely valid, but disparaging it with falsehoods does nothing but give the feeling that you don’t know what you’re talking about.
If you ask certain AI a question, it will give you a faster and better answer than using a search engine would, and will provide sources for further reading if requested.
I think that speaks to how bad search engines have gotten, not really to how good AI is. Google used to work. I promise! It used to not just be ads and SEO garbage, if you knew your special search operation functions you could find exactly what you were looking for every time. It’s only because they enshitified the platform that AI search even makes sense to use.
They’ll enshitify AI search soon enough and we’ll be right back where we started.
Sure, but what I am talking about outperforms any search engine in history. If you have a specific question you will get a specific answer with AI, and usually it will be correct. If you use a search engine you can come to the same answer but it will definitely take you longer.
I’m not defending the use of AI, I’m just saying, the quality of them is not the issue. They are becoming extremely high quality with their answers and usefulness. The problem is with the ethics and energy usage.
It used to be that the first couple results would answer the specific question, as long as you knew how to format the question in the correct search terms and with the correct special operations. What might take longer is refining the search to get extremely specific results, but that was usually only necessary if you’re writing a paper or something.
But you shouldn’t just trust whatever the AI says when you’re writing a paper anyway, so that’s not really different.
AI does allow you to skip all that and just ask a plain language question, but search didn’t used to take so long if you knew how to use it. It worked.
Yes it worked, and still required you to dig through the answers to find the answer yourself. That is the difference. AI will search for you and collate the results to give you the definitive answer. I’m not saying searching didn’t work, or doesn’t even work today, I’m just saying AI is more efficient and effective and pretending it isn’t is simply wrong and / or lying.
You shouldn’t just trust whatever the AI says
And you also shouldn’t just trust random things you read on the internet, so I’m not sure exactly what point you are making here. I’ve never advocated for that. I also am not sure why you keep explaining to me how good search engines used to be, seems like a strange aside considering you don’t know how long I’ve been on the internet for.
I can’t tell if you’ve forgotten how good search was, are too young to know better, or were never good at using search.
I’m telling you that you didn’t have to “dig through the answers” if you formatted the search well. It worked. You obviously couldn’t trust everything you read on the internet, but the tricky part was formatting. No digging was required once you were good enough at key words, syntax, and search functions (“” , + - site:). Search results were incredibly efficient and effective. It was amazing.
AI is now maybe as efficient and effective as search results used to be. That’s it. They ruined search and gave us AI.
And they’ll ruin AI too, just you watch.
And watch them get crazy bonuses anyways and suffer no consequences.
they will just run to trump to beg for bailouts.
The AI tech comps are having too huge losses to be bailed out into a stable position
Well then get ready for nationalization of the AI companies with whom the military and intelligence agencies have contracts and have failed too big to bail.
🥰🥰🥰
bot?
No 😅
But it’s awfull how poeple don’t trust anymore others poeple when they are real…
We need to take care to.not deshumanise…
😬
Sounds good. Then, they’ll finally move away from AI and we will all stop having AI being shoved down our throats. I’m sick and tired of all these AI chatbots in places where we don’t even need them.
“Instead of looking for other avenues for growth, though, PwC found that executives are worried about falling behind by not leaning into AI enough.”
