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Capitalism babies seem to have forgotten that somebody needs to actually pay them for the stuff they peddle. Unfortunately, that part of the deal takes a while
by riehwvfbk 1y ago
Capitalism babies seem to have forgotten that somebody needs to actually pay them for the stuff they peddle. Unfortunately, that part of the deal takes a while to kick in and initially VC money creates the illusion that they can fire everyone, have AI do all the work, and money will magically appear out of thin air.
- osigurdson 1y agoI agree. That is what I mean by the "AI complacency" phase that we are now in. Companies think that the only thing that will change is the employee part of the equation. Everything else - customers, revenues, etc. will of course just stay the same so they can just chill and casually lay people off (essentially classic arrogance and complacency).