I saw people complaining the companies are yet to find the next big thing with AI, but I am already seeing countless offer good solutions for almost every field imaginable. What is this thing the tech industry is waiting for and what are all these current products if not what they had in mind?
I am not great with understanding the business point of view of this situation and I have been out from the news for a long time, so I would really appreciate if someone could ELI5.
I’m not sure it’s going to be that. That was the model for the last wave of tech advancement layoffs and job replacements. This one is going to be so much dumber.
It’s no secret that most companies are stagnant or losing money right now across the board. For many reasons, disposable income is way down, COVID mentality change (people decided they wanted to live instead of just consume), and products have just been getting worse. So, CEOs are using AI to replace jobs that AI cannot yet replace. It immediately makes their bottom line look better for investors while doing nothing useful. This will bite them in the ass soon but they’ll say AI was oversold and it’s not their fault. Meanwhile, they look like the nothing they’re doing to improve their company is working and will survive another day.