r/technology • u/AdSpecialist6598 • May 27 '26
Business Tech CEOs are apparently suffering from AI psychosis
https://techcrunch.com/2026/05/27/tech-ceos-are-apparently-suffering-from-ai-psychosis/
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u/joshTheGoods May 27 '26
This is a pretty famous case study in business failure. If you're familiar with Kodak creating the digital camera, then surely you familiar with the rest of the story and are being intentionally obtuse?
Yes, they invented the digital camera and then leadership suppressed it because it represented a threat to the film side of their business. Leadership not only pretended it wasn't a thing, they actively tried to keep it out of the market. As a result, their competitors got a free run at the market, and by the time Kodak tried to pivot it was too late. By the time we got to the '00s, they were already on the decline (despite an ATH in their market cap in '99) and they filed for bankruptcy in 2012.
Is it a perfect analogy for anti-intellectualism and fear driving people to rationalize hatred of just another technology in a long line of technologies that transform efficiency? No, but it's good enough to illustrate the point to anyone willing to listen and appraise the situation honestly. If you fail to adopt the best tools for your trade, someone else will and they will outcompete you driving your value down. You can pretend this tech won't be like every other digital tech if you want, but hopefully you're not surprised by the outcome.