• Doomsider@lemmy.world
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    11 hours ago

    If I were to take a significant amount of the budget and totally lose my ass I would get fired. These people have no consequences. Meritocracy my ass.

  • HugeNerd@lemmy.ca
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    13 hours ago

    Great, can we unleash the bonkers insane computing power for something useful like simulating matter to understand aging?

  • SCmSTR@lemmy.blahaj.zone
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    1 day ago

    So what has effectively happened? Just… Ruined a bunch of stuff and destabilized a bunch of society and lined the pockets of a few companies?

  • stoly@lemmy.world
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    2 days ago

    All this article is showing is that a large number of CEOs are swayed by hype and make poor decisions. What other poor decisions are they making all the time?

    I am thoroughly convinced that the MBA is the most useless degree ever because when you look at how large businesses run so poorly, and are run by MBAs.

    • bagsy@lemmy.world
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      2 days ago

      In Japan, engineeing companies are run by the engineers which I think is the better way.

      Ill never understand why American companies insist on being led by business majors who know nothing and dont care about the product being built.

    • DandomRude@lemmy.world
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      2 days ago

      The purpose of business school MBAs is nothing more than networking. These degrees cost a fortune, and that’s exactly the point: to bring opportunists together. I’m almost sure it’s next to impossible to fail this degree, because it’s not about knowledge at all, but merely about gaining entry into senior management.

      • Corkyskog@sh.itjust.works
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        2 days ago

        Sort of, there are actually smart people who go there too. The kids with connections to the jobs pull smart kids with them and then use them as workhorses and basically claim all the glory from their work. Then you might get poached by someone willing to pay more who is less abusive.

    • Snot Flickerman@lemmy.blahaj.zone
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      2 days ago

      What other poor decisions are they making all the time?

      See also: investment in Theranos.

      These people are so easy to fucking scam with buzzwords and the right “look.”

      • cazssiew@lemmy.world
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        2 days ago

        I find it interesting how Sam Altman has the same continuous vocal fry Elizabeth Holmes used to have. It’s infuriating how well a cheap impression of gravitas performs with investors.

    • Rooster326@programming.dev
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      2 days ago

      AI is the new “nobody ever got fired for buying IBM”.

      You’re either following the crowd or getting replaced by someone who will. Its insane

    • Strider@lemmy.world
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      1 day ago

      Especially when being one of dual training, IT and business, it’s so obvious there’s a lot of bullshit.

    • cashsky@sh.itjust.works
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      2 days ago

      Welcome to short term shareholder value economy. They will fuck the planet and the working class so that line go up 📈

    • meco03211@lemmy.world
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      2 days ago

      But they can be made to look good on paper. That’s where it counts. At least for the people being paid to make those bad decisions and obfuscate it with “good” numbers.

    • BrianTheeBiscuiteer@lemmy.world
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      2 days ago

      Any bad decision that’s made by an exec is usually just met with nods and grins by the workers while they do what’s actually necessary and try only half heartedly to follow their edicts. Execs usually have no idea what a pilot program is and every decision they make is pure gold so why not roll it out to everybody at once.

    • scarabic@lemmy.world
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      2 days ago

      One factor here is that they are all under pressure from their boards and investors not to miss the AI wave and get left behind. All companies are doing some level of AI theater. Some actually believe it. But it’s not like hundreds of CEOs all came to this judgment purely on their own, with no outside influences. It’s a mass craze.

    • afk_strats@lemmy.world
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      2 days ago

      Broken systems elevate psychopath leaders into positions of wealth and power, and people who want those things exploit the fastest path there by getting degrees who put you on that track.

      By this MBA logic, do we close CompSci for the the poor code coming out of Microsoft, close Law Schools because social rights are being lost, engineering schoolings because infrastructure doesn’t meet current needs?

      My point is to blame the CEOs and their shitty behaviour, not the schools that, to my knowledge, try to educate reasonable policy, law, ethics, HR, etc.

      Disclaimer: not an MBA

      • ruekk@lemmy.world
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        2 days ago

        What school encourages ethical business practices? Most schools have a 1 credit hour class on business ethics, but really teach you legalism and how to avoid breaking the law. Nowhere are they teaching actual ethics in business

      • orclev@lemmy.world
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        2 days ago

        The point is we don’t need more MBAs, we need people educated in useful skills. Should every MBA program be closed? No probably not, but we definitely have way more than we need. Cutting funding for things like MBA scholarships and closing down the majority of those programs will go a long way towards moving the majority of potential future MBA students into useful programs. We need less managers and more engineers, fewer CEOs and more chemists, hell fewer analysts and more plumbers.

        There are many problems with modern capitalism and even if we never handed out another MBA degree again that would not even remotely solve everything, but the MBAs are making the problem worse. It’s a minor thing but it’s an easy thing to do and it would make a difference small as it is.

        • afk_strats@lemmy.world
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          2 days ago

          I think organizing labor is a useful skill. I just think doing it to the sole benefit of “shareholder value” is what’s killing us. Is that liberal of me? I can’t imagine a society where work isn’t done by people and work needs some form of organization.

          • orclev@lemmy.world
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            2 days ago

            Sure it’s a useful skill but not one in significant demand. We have an absolute glut of MBAs and a desperate need for anything but an MBA so why are we paying people to get more MBAs?

    • Optional@lemmy.world
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      2 days ago

      I’ve sold AI systems to Brockway, Ogdenville, and North Haverbrook! And by gum it put them on the map!

  • TempermentalAnomaly@lemmy.world
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    2 days ago

    I tend to be skeptical of the reactionary AI is always slop trend. I’m sympathetic to it because it’s a response to the hype machine that knows no prudence. But damn when you say

    “Your next move: Build AI foundations. Our work with organisations confirms mounting evidence that isolated, tactical AI projects often don’t deliver measurable value. Tangible returns come from enterprise-scale deployment consistent with company business strategy.”

    I read this as marketing. What’s the evidence you’ve been gathering? Why do you believe your projects are applicable to all companies? What happens if we invest and it doesn’t help like you say it will?

    This is like saying the solution to your relationship troubles is having a baby. No… No this is not the solution. Make my smaller projects work and show return and then we talk larger commitments.

  • UnderpantsWeevil@lemmy.world
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    2 days ago

    Sure, the majority aren’t seeing a payoff. But we only really care about the Magnificent Seven and their increased revenue from government contracts (particularly Pentagon weapons platforms and public-private surveillance deals).

  • flop_leash_973@lemmy.world
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    2 days ago

    Yet again those at the top waste untold sums of money and resources on the new shiny and everyone else is left to deal with the mess they created. While they float away on their golden parachute.

    • brianpeiris@lemmy.caOP
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      2 days ago

      It’s when you make AI available to every employee at your company, instead of on an individual or team basis.

      • Corkyskog@sh.itjust.works
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        2 days ago

        That’s sort of a weird concept to me because in the businesses I have seen most people don’t want to use AI, and the ones that do are on teams that have access. Just seems like pushing a tool to people who don’t want to learn how to use it.