The siren song of AI is so compelling to finance/private equity, because it promises PROFITS WITHOUT PEOPLE. The major cost of most corporations is labor. They imagine a world where a company is just ...
@nprofile1q... "The major cost of most corporations is labor."
*HARD* disagree.
The cost that they perceive as "disposable" is labor. The highest actual cost, by far, is the people at the top, most of whom do practically nothing (or even make willfully bad decisions like integrating fake "AI" into systems that shouldn't be using a LLM and will ultimately present a huge loss later) while being paid many many millions...
And those are the positions most disposable and that a LLM could fake best...
*HARD* disagree.
The cost that they perceive as "disposable" is labor. The highest actual cost, by far, is the people at the top, most of whom do practically nothing (or even make willfully bad decisions like integrating fake "AI" into systems that shouldn't be using a LLM and will ultimately present a huge loss later) while being paid many many millions...
And those are the positions most disposable and that a LLM could fake best...