He looks from company money perspective. And I think AI is difficult to monetize. A google paper explained a long time ago that big company cannot easily have a huge competitive advantage because new techniques exists in the open source world to learn incrementally on top of costly models. Mainly you don’t need millions to make another good quality LLM.
That being said. LLM add some value, but as everything hyped to no end the real value is negligible comparatively to the « market expected value ».
megopie@beehaw.org 1 day ago
It gave CEOs and excuse to do layoffs even though they knew it would hurt their human capital long term, and that they would probably have to hire back a lot of those positions long term at higher wages. In the short terms it gave them a few quarters of increased profits.It also let them push out blatantly unfinished products on the promise of future improbable improvements. This will hurt companies reputations long term, but in the short term is let them juice the stock price.
They needed the increased profit and the pie in the sky growth promises to game the stock market, say all the right buzz words and show an improving price to earnings.
Sure they made the companies worse and less sustainable long term, but, they got huge compensation packages right now thanks to the markets, and they probably won’t be running these companies long enough to see the true fallout.
Geodad@beehaw.org 1 day ago
I hope the stock market craters.
We need to do away with capitalism completely, or put it on a very short leash.
Krauerking@lemy.lol 1 day ago
I wish governments still believed in regulations instead of whatever this shit is.
Geodad@beehaw.org 1 day ago
Yeah, we need socialism /communism. Either would be better than this.