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Exactly. There's also the notion that this is a money incentivized business. People being more successful with the help of AI translates into more money for the
by jillesvangurp 2y ago
Exactly. There's also the notion that this is a money incentivized business. People being more successful with the help of AI translates into more money for them. That's not going to take long to turn that whole industry on its head. Big bureaucratic companies not wanting that only creates opportunities for the smaller ones.
The counter argument of course is that most of what these big companies do is of course already quite inefficient and stupid. I've had a few interactions with German banks that really rubbed in just how spectacularly dumb and inefficient that industry can be.
On one occasion I had to wait 3 weeks for some paperwork to be copied out of an archive. Turns out they were still using microfiche for storage. That stuff was obsolete in the eighties. This was in 2014 and this bank was shuffling paper around like it was the 1970's!! We eventually got some copies. But I made a mental note to stay well clear of this bank and traditional German banks in general for all my future banking needs. They don't do smart, efficient, convenient, or fast.