Ok, he said it to his shareholders so it must be true? No chance in hell AI’s being used as an excuse to (finally) get rid of slackers and/or boost the stock price?
Let’s not forget it wasn’t that long ago when Elon fired like 80% of the staff from (Jack’s) Twitter - with no “AI” around. It’s true Jack was no longer in charge at the time Elon acquired it, but the malpractice of simply employing more (unnecessary) people just to look “better” to the investors had been around for a while and not just at Twitter.
Counter to common (financial) sense, just 4 years ago in tech the headcount used to be one of the principal metrics of success (as in the more the merrier). It even reached the bubbling insanity point when certain “experts” entertained a thought by which the employee-related costs should be capitalized on the balance sheet(!!!).
Well, the tide (hype) is turning now. The pretty much same group of people are now trying to convince us that the exact opposite is true, albeit rephrased as AI. The only question is how much substance was actually there in the old bubble and how much of it is n the new one.
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That is not bad deducation, but the explanation for why its FUD is much simpler.
If the AI gains were really what he claimed, he’d hire a shitton of people and become richer than Elon Musk.
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I don’t disagree with you, on the contrary.
My point is just that we’re in a middle of a hype where everyone and their kitchen sink is now aboard the AI bandwagon. LLM capabilities are getting added everywhere, whether needed or not. It’s more of a FAD than FUD. Jurnos are all about FUD. It’s their bread and butter.
Both FAD and FUD affect the end-investor mindset. I’m calling them end-investors, for they’re the ones ending up holding the bag when things turn south eventually. The intermediaries (VC’s, CEOs like Jack and alike) are just hype brokers who profit off the fad/FUD regardless of what it’s gonna be like when dust settles.
This reminds of that episode when back in 2017 Long Island Iced Tea Corp. changed its name to Long Blockchain Corp. Still had nothing to do with blockchain, but its share price exploded overnight, meaning there were suckers who bought into it.
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I think it will continue to improve and make us more efficient as time goes on which could mean not needing as much staff. I think as it improves we will eventually end up in a place where which language or stack won’t be as important or on the flip side make it that much easier if it makes sense to change stacks. And of course I’m no expert so I could likely be 100% wrong, but I do know it’s not going away and usage/demand will only continue to grow. I’ve been on this forum 10 years and i think I’ve post more in the past 8 days than in last 8 years lol.
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