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They are just chasing winds. You can clearly see that there are two kinds of CEOs, the ones that bring the wind such as Huang, and others who chase. Unfortunate
by hnthrowaway0328 2y ago
They are just chasing winds. You can clearly see that there are two kinds of CEOs, the ones that bring the wind such as Huang, and others who chase. Unfortunately the later also gets paid big bucks and busy putting golden parachutes on themselves.
I'd argue that it's better to not have a CEO than having one of those.
- VHRanger 2y agoNote that Huang was the founder of Nvidia - he's not a naked ladder climber like Pichai or Krzanich at Intel previously. Huang made good moves with CUDA, being early on tensor cores by being forward looking. That said, Nvidia is selling the shovels here, it's easy to look good. Some companies have a real usecase for generative AI, but it's something like 5% of these stories. The rest is CEOs FOMOing
- b112 2y agoI think not a CEO FOMO on AI, but the share price FOMO. Announce AI? Potential share spike, or a counter to a dip. For example "poor earnings at The Post!", vs "We're shifting to AI!"
- marcinzm 2y agoThe goal of the CEO is to drive the stock price up in whatever horizon investors care about. Usually it's not a long horizon. It's not to build a sustainable product or even a product at all.
- hnthrowaway0328 2y agoMany CEOs can't even do that properly. Check out Unity as a shiny example and they still get fat paycheck. In fact they gave themselves nice raises too if you check the SEC docs. Ironic, isn't it?
- verisimi 2y agoHow about an AI CEO?!! It too would be a good cost cutting measure!
- hnthrowaway0328 2y agoI actually think an AI CEO is way better than the average one.