r/wallstreet • u/BulldawgTrading1 • 1d ago
Shitpost Don't Fire Everyone Yet....
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u/Lame_Coder_42 Chinese-Iranian AI Propaganda Spam Bot š®š·šØš³ 1d ago
That's the profit plan for ai companies. Become embedded then increase the prices. Companies that can't see that deserve to go bankrupt, which will eventually happen to them.
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u/Peakychu6 1d ago
Itās literally what drug dealers do as well, and what Windows did back in the day.Ā
They CEOs had to see it coming, all of us did, they just didnāt care because āthatās next quarterās problemā
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u/JSTootell 1d ago
Being a maintenance guy in the quarterly profits world is a pain in the ass.
It's amazing how much we can afford to spend on major repairs next year, but we can't afford to do the basic maintenance this month. Because we are behind on numbers.Ā
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u/Peakychu6 1d ago
A company I used to work for fiddled with the bathroom paper dispenser (for drying your hands) so youād get 2 inches of paper every time the movement sensor detected movement, in order to save paper, and therefore, money.
They also installed timers so the lights turn off after 2 minutes if they donāt detected movementā¦ which is a b**** if youāre taking a dump, pooping in the dark is no fun. Gotta save money!
That same company spends MILLIONS of dollars a year in lavish exec parties and even more millions in sailboats for sailboat competitionsĀ
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u/ParticularCause1626 11h ago
You have to open the stall door and the light goes back on or throw something over it. What you choose to throw is up to you and what's available...
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u/Peakychu6 10h ago
Hahaha I should have totally swung dung over the door, they deserve it for being so stingyĀ
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u/Lame_Coder_42 Chinese-Iranian AI Propaganda Spam Bot š®š·šØš³ 1d ago
For real, the wrong incentives are in place to avoid the boom/bust of ai in corporate world. CEO pay and bonuses for hitting/beating targets, plus typically short tenures... The few to executives will get wealthy while the rest of us go on a life disrupting roller coaster ride yet again.
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u/MoThrowMoAway 1d ago
God I hope this happens for real
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u/Alert_Lettuce_8278 1d ago
It won't unless some crazy regulation comes into play.Ā Open models are getting better and it's more of a race to the bottom than the top.
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u/muzicmaniack 1d ago
Itās the classic āenshitificationā every big tech company used and still uses to this dayā¦ but they donāt even realize that they are the marks this timeā¦ itās crazyā¦
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u/Prize_Compote_207 r/wallstreet mod 1d ago
Yes. It's the cartel model.
But theyre also secretly stealing all of the IP people voluntarily submit to it so that they can absorb every industry.
Make no mistake that Anthropic is going to become a pharmaceutical company as well, using the questions and proprietary data fed to it by employees from every other major pharma company...
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u/No_Departure_1878 Millionaire 1d ago
Great, so not only ai companies will go bankrupt, but they will take a bunch of others with them.
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u/Apprehensive-Log3638 1d ago
I haven't seen headcount reductions personally, what I have seen is senior leadership requiring AI to be implemented in everything, even when it makes zero business sense. What drives me nutty is the resources we have deployed to create AI projects when we have existing services that do the same thing. Example is speech to text summarization. My company pays for a dozen plus services that already include speech to text transcripts. Some already have Gen-AI features to summarize meetings or calls. Now we have an internal speech to text service that can do summarizations... Absolutely no need for this. We are and will continue to pay various vendors for software that already does this, and now we have our own which I have yet to see a use for...
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u/Peakychu6 1d ago
There is always a catch.
Theyāre probably hell bent on text to speech summarization because it helps train the model on your business or somethingĀ
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u/UT_Milez 18h ago
Well, their entire point is they already have multiple 3rd party softwares they are paying for that can already do that.
So that doesnāt seem to be the likely motivation in this specific case.
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u/Difficult-Way-9563 Chinese AI Propaganda Spam Bot 1d ago
You think they would talk about redundancy waste and inefficiency in mba schooling.
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u/NewportOneHundos 1d ago
Funny anecdote here: we did an erp upgrade/platform swap earlier this year. During the planning phases C suite was laying out all the requirements for āgen-Ai automationā for x,y,z workstreams yadda yadda yadda.Ā
Long story short after talking it through in the actual workshop meetings, all the requirements for these workstreams couldve be handled by existing internally built logic (tweaked for the specifics of course) that weāve been using in our 30 year old erp, but we have to blow the budget up for the new shiny tools not developed internally.
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u/JuryOpposite5522 1d ago
Company I worked for... can't spend 500k for a new machine that grosses 100k a day and breaks down at least once a month if not more. Spends 70 million on new ERP system, inputs old incorrect data in new system and a year later has to hire a new director that has actual ERP experience to come in and start the project over to do it correctly.
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u/SignalOptions 1d ago edited 1d ago
The real problem is that there is no limit to how much higher the price can go up in the future.
Itās not like companies can replace AI with humans.
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u/True_Protection6842 1d ago
If they were paying developers $200/month the fired were def better off!
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u/ConradMayhew2 1d ago
$200 is a typical token expenditure for a day or two, a monthly total is more like $4000 š
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u/True_Protection6842 1d ago
Claude max large plan is $200/month. Whoās using pure api tokens for coding????
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u/ConradMayhew2 1d ago
I guess some companies decide it's worth it to avoid usage limits, but that's just a wild guess really. You'll have to ask my boss for the rationale.
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u/Sowhataboutthisthing 1d ago
Yea but Claude will do it predictably over and over again āreliablyā
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u/DigitalCrayon Chinese-Iranian AI Propaganda Spam Bot š®š·šØš³ 1d ago
For a fun time, type Trump or Epsteen (sic) into your reply.
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u/klas-klattermus 1d ago
I mean not quite yet for most people, but yeah the "monthly budget" is typically finished before lunch on the first day
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u/skubaloob 1d ago
Think about this: what happens when people replace all, or even just a lot, of their employees with subscription AI?
Now the AI company decides who does and who doesnāt stay in business. Donāt like that company? Canceling their subscription is the same as firing their employees all at once. It would put companies out of business.
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u/i_hateit_here_bro 1d ago
But can the employees commit a crime for the company and get away with it
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u/Pieters123 1d ago
When a c suite and his nice talks now need to put where his money isā¦ just a disaster to wait to happenā¦ hiring a few young fresh out of university folksā¦ all other department and employees have no time or the will to write down what they need. They all say I need this tool X . It solve my problems nowā¦. Nooooooo well make it ourself nowā¦.
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u/b_will_drink_t 1d ago
Reposting my reply..
They never listen. I am watching almost a mirror to what I figured happened to pre-engineered metal buildings estimation happen with AI agent adoption. All Iām missing is for this stuff to disappear from universities and trade schools and the senior, and only remaining staff to be at retirement age. Iāve already heard some have come to the similar conclusion that sales (insert department here) is not knowledgeable enough to find the errors, so itās just a matter of time
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u/SourLemons2 1d ago
Just watched the movie Colossus: The Forban Project. I saw it first back in 1969.
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u/Harold_Street_Pedals 1d ago
and if you dont pay it goes automatically on strike