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 a few executives, talking to their LLM, and it all generates profit from all that capital, without worries about salaries, wages, pension plans, worker's comp, health insurance. The fact that a world full of companies without employees will have no customers never rises to their level of thought. The big AI boosters think they will be on the "winning" side -- those in the "telling the AI what to do side" rather than the "no job because it's been offloaded to automation". (even though, today, that "AI" can't actually do that job....) #AI #LLM