an astonishing 29 percent of [execs] had no idea where the growing costs associated with AI were coming from.
The headline combined with the quote just make me laugh so much, I love it
This is what happens when the people in charge of everything are entirely separated from reality.
Those same idiots have been in charge of everything for decades, blindly doing whatever suited them.
They got duped and didn’t have the technical competence to see it or trust their staff to negotiate it.
Every IT / Developer out there knew it was a bad idea. The C-Staff was sold by the billionaires that you will go AI or you will be left behind.
My own CEO is simultaneously telling us to use AI for as much as we can and telling us to reduce costs as much as possible.
The “you’ll be left behind” nonsense makes me laugh. Left behind from what exactly? Lol
The sales pitch is:
All your competition is going AI. They’re be producing 10x the work with mouth breathing morons at the keys, while you’re stuck paying millions to subject matter experts.
They’re scared ot death that the tenuous hold they have on their market segment will be severed if their competition outflanks them in this, so FUD wins.
- Build up reliance on AI, which looks really cheap
- You can now replace employees with AI so fire away!
- You are now completely dependent on AI and a handful of employees
- AI company sees they have you and start jacking up rates. If you could afford paying for people before then you have the $ to pay high rates.
- Company now wonders why costs are back to where they were before and the AI isn’t working out as expected.
It’s particularly funny because I’m pretty sure AI companies are still selling the service below cost to try to retain market share (and drive small competitors out of business). They just aren’t taking quite as big a loss on every token with the increased prices.
