“How is it possible that AI became productive and useful only six months ago, and they were somehow laying people off two years ago because of AI?” he added. “It doesn’t make any sense.”
This is very telling. Jensen is pulling this “6 months” figure completely out of his ass here, but the reason why he wants that number to be true is because it moves the goalposts. If AI hasn’t actually, really, been here for even a single fiscal year then it explains away everything. Suddenly the fact that it’s made zero impact on productivity, that no one is making any profit on it, all of that becomes justified. “It’s still early.” You’ll recall that this was the narrative around crypto too. Every time anyone criticized anything about it a herd of sheep would bleat “It’s still early” even over a decade into the technology existing.
Investors are starting to ask serious questions about when these tools are actually going to start delivering greater productivity to their companies. Managers are starting to get the screws put to them about why their budgets are ballooning to cover subscription and token costs with nothing to show for it. Jensen can’t have that, because AI is the whole reason why his company is on top of the world, so he’s trying to reset the clock.
For the record, there’s absolutely no evidence to suggest that AI has ever become productive and useful, but that wouldn’t fit Jensen’s narrative either. So instead he has to invent a world where AI is totally productive, 100% useful, just trust me! When did that happen? Oh, just now. That’s, um… Yeah, that’s why you didn’t notice. It just happened, right before you walked in.
If AI hasn’t actually, really, been here for even a single fiscal year then it explains away everything. Suddenly the fact that it’s made zero impact on productivity, that no one is making any profit on it, all of that becomes justified. “It’s still early.”
I think you’ve nailed it.
I clearly remember 2023 being the year where AI and ChatGPT hit the mainstream. Looking back, nvidia’s stock price had already doubled in the first half of 2023.
about the same time they laid off massive amount of tech workers.
Crypto and AI could have been a good thing. The politicians, criminals and free-loaders ruined it.
Transformer model AI has atrocious unit economics. The only way it really works is in some kind of post-scarcity environment where we simply don’t care how much it costs to run.
Crypto only solves problems it creates, or creates new problems out of the ones it solves. It’s a horrendously complicated way of wasting compute power to ultimately achieve nothing.
Monero is a good form of crypto, it’s ACIS resistant so it doesn’t require a big server to mine them. It’s also really good for anonymous transactions.
Transformers aren’t supposed to be used for big problems that require too much data. But there’s use cases for them.
Maybe this POS is just starting to fear for his life if this goes on
So, lie more?
Whoa. Nobody said that. Just stop paying them and let them figure out they’ve been let go instead of telling them. Less aggressive, more passive aggressive.
Just make sure nobody steals their stapler.
When they come to ask what is happening, pretend they’re not there. When they lawyer up: talk about their position in the past tense. When the lawyer picks up on it, act surprised: “Oh, yes! We let him go months ago, but he never really got the message.”
We fixed the “glitch”
Yeah, start telling them the truth. They were fired due to C-suite greed.
Totally agree! They should start telling their works they are fired because of AI and NVIDIA.
“It was just a way for them to sound smart and I really hate that,” the CEO argued.
Aww, poor lil’ fella, tried to juice his stock by selling AI as the second coming, and now he’s mad that other CEO’s are trying to juice their stock by trying to sell AI as the second coming.
“Oh dear, they’re disliking us even more now, what do we do?!”
No shit Sherlock.
Not supposed to say the quiet part out loud
I really dislike this dude more every day.
I remember 10 years ago when he cosplayed the leather jacket cool guy gamer CEO. Dude has always been a wolf in sheep’s clothing. He’s gross and every time he refers to people as “humans” it makes my skin crawl.
This is why people should put CEOs in a pedestal. The Xbox fan base did that for years with Phil Spencer after the Matrick era. In the end that cool guy persona lead to a legacy of buying studios and shutting them down when they didn’t meet internal metrics. Xbox was left in a dire state with his departure same as it was when he entered.
he does need money to get a new shiny jackets.
Oh, but “we are cutting workforce to invest in AI” sounds much better than “we are cutting workforce, because we struggling in current economy”.
Or "we’re cutting workforce because we’re greedy sociopaths more inclined to appease share holders’
betting habitsinterest than create a quality product that our longstanding workforce understands and can support, even though AI can’t really’That’s the rub. They don’t even say “we are cutting workforce to invest in AI”, they say “we are cutting workforce because we’ve already replaced people with AI”, which they have not. They’re just such hype driven buffoons that they actually believe that LLMs are going to easily replace the people they just cut in their hubris.
Saying they’ve cut people to invest in AI is actually a little more honest because it admits that they haven’t actually already succeeded.
Yeah Jensen, what else am I supposed to do with AI but use it as a scapegoat?
“The narrative that connects AI to job loss, for many of the CEOs that are doing it — it is just too lazy,” Huang told Channel News Asia. “AI has just arrived, how is it possible they’re already losing jobs?”
Why are these guys so dumb, how did they get into positions of power? I think mostly just by being willing to stand up in front of a crowd and camera? AI hasn’t just arrived, it’s been improved over the last couple of years, and has become much more capable recently.
It’s not necessarily that they’re dumb, it’s that they think others are dumb enough to believe any old crap they say.
I genuinely think they’re dumb, they have no sense of the fact that their greed and gatekeeping will bring about a serious shift in society. They should be trying to create new job opportunities and programs for people to innovate, yet we’re gridlocked in a shit late-stage capitalist society where we can’t actually do anything because of weird zoning laws and regulations.
They don’t care they have vacation homes on every continent, they really won’t give a shit when the us descends into chaos. They already dont give a shit when a town of 10,000 in california gets their water shut off.
Good, let them go to their vacation homes wherever and let us take back control of our shit.
Good luck with that lol
Dunning-Kruger is a hell of a thing.
Then stop firing them because of AI
They not firing them for AI. It’s just a justification to fire because they over hired, atleast in the tech industry when money was cheap.
I mean true in some cases maybe. But literally every company is looking to find ways to make the imaginary number in the stock market go up. Which means outsourcing jobs to places like India or Southeast Asia (and exploiting them), for ‘contractors,’ and then probably equipping them with AI so they can actually do something.
How McDonald’s spent who knows how much money to put in different drive-thru speakers. They’ve tried multiple times to use call centers out of India so they don’t have to pay someone local. I’ve lost count of how many different drive-throughs I’ve gone through and just got an AI agent taking my order. They will literally use AI so they don’t have to pay somebody minimum wage.
whats worst is medical notes are being written with AI. i looked at after office visits from my doc who is part of an HMO. the notes were filled with strange mispelled words, and incoherent grammar. i think alot of health providers are using AI to do thier notes now.
I would love to know how AI, which just steals and shares info doesn’t violate HIPPA. Do they just append “and please don’t share this data.” and hope it works?
AI companies offer HIPPA compliant services. They have zero data retention policies (supposedly).
It’s possible to do some server side AI stuff with decent privacy guarantees. Apple utilizes homomorphic encryption to do stuff like landmark ID in photos, which is neat.
I think they are. CEOs and upper level management are absolutely drooling over the thought that AI can get them the same productivity with a lower head count. They see their employees are their biggest liability and are jumping on the chance to replace them with AI.
record profits after laying off HORDES of tech workers. and then hire only a small amount “senior” experience tech workers and probably low wage workers from other countries and then rinse and repeat.
You mean lie to the workers? Hmmm…has that ever been tried?
Where I work the leadership 100% tels people if they dont spend tokens they get canned. Theres dashboards and everything. I hate it but appreciate not being lied to, at least.
I tokenmaxx as much as I can. Every report, design doc, or piece of code I prompt I keep bragging how it’s written purely with AI. Nevermind that for each single-line fix I have to write a whole paragraph explaining how and where to apply the fix. And how for reports and docs I feel like a teacher grading a student that winged the test.
At this point I just find it amusing and try to see how far I can push it.
Shiet.
Right at the fall of Soviet union the proverb emerged:
“They pretend they pay us money, and we pretend we work.”
Same vibe, honestly.
My company leadership said the same to us.
