this post was submitted on 09 Oct 2025
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[–] phutatorius@lemmy.zip 10 points 1 day ago

They should know. After all, they sell highly priced McKinsey advice with no measurable benefits.

[–] SoupBrick@pawb.social 42 points 2 days ago

Easy, just lie to companies and say it will drastically reduce labor costs, allowing them to put more in their own pockets. It has worked this far.

[–] fodor@lemmy.zip 3 points 1 day ago

So the AI vendors are trying to sell something that has no apparent benefit to the company and comes at an increased cost that may increase more in the future, that also takes three times more money to properly deploy, and even then nobody knows if it will do anything.

It's a nice scam, and I appreciate them laying it out so simply. But what are the AI vendors going to do? They can't actually write contracts that promise things, not if their company plans to be around in 5 years, so the best they can do is set up shell companies or try to use the current hype as an excuse to get quick sales so they can make their Buck before everyone realizes it's snake oil.

The problem is, this is a mainstream article explaining how it's snake oil, so almost everyone realizes it by now. Maybe you can get the company president to authorize a purchase because he gets some indirect kickback from his friend's AI company, but that's the same kind of dirt we've always had in society.

[–] sp3ctr4l@lemmy.dbzer0.com 19 points 1 day ago (1 children)

... thought this was an Onion type article.

...sigh...

[–] festkoerper@feddit.org 2 points 7 hours ago (1 children)

Not the onion.

Now I read reporting that some US-bubble may bust.

Their only growth is seemingly purely virtual, again.

[–] sp3ctr4l@lemmy.dbzer0.com 2 points 6 hours ago* (last edited 6 hours ago) (1 children)

Oh I mean here's the simple version:

Depending on which metric you prefer, something between 70% to 90% of last 6 to 12 month growth in US stocks is from AI companies of companies with huge drives for AI.

The financiers knew the housing bubble was going to pop (as it currently is), so, they blew a new one, to keep the charade going a bit longer.

This new bubble is of course even more obviously absurd.

It could pop at literally any moment, and then Wall Street will join Main Street in the currently ongoing Second Great Depression.


There you go, theres my best "tldr: the economy these days" from an econometrician who has been unemployed so long I am not even in the labor force, but I don't want to start rambling about how all our econ stats are bullshit.

[–] festkoerper@feddit.org 2 points 6 hours ago (1 children)
[–] sp3ctr4l@lemmy.dbzer0.com 2 points 6 hours ago

Well thank you =D