I get the impression that many companies don’t care about the product or consumer anymore. That seems bizarre, but in a world where money is made up, maybe it makes sense.
It’s because companies aren’t run by Joe Business anymore, who founded the company and has been in the Business business for three generations. It’s a hedge fund now and the 40 layers of middle management just need the line to go up. Then they get a bonus and a pat on the back for crushing their KPIs.
I’m not a business guy by any means, but it hit me a while ago that the majority of huge companies aren’t really driven by sales of their core products now, like how you’ll buy an appliance from an electrical store on finance offered by a company they own. They make more money from the banking and investment, to the point that the original point of the firm is a vestigial interest.
They don’t have to give a shit about the customer when the money they make is, to some extent, self-sustaining. As long as someone else is paying people, their income will keep on keeping on.
The trouble is, more and more companies are doing all they can to stop paying people.
that means ai is just there to pump up stocks and valuations while saying they are valuable but really producing nothing of value and just stealing from tax payers as a strategy next admin will need to hammer on ai and just ban it from usa completely for using it for replacing jobs in general instead of making things cost less ai used to make things cost more
I get the impression that many companies don’t care about the product or consumer anymore. That seems bizarre, but in a world where money is made up, maybe it makes sense.
It’s because companies aren’t run by Joe Business anymore, who founded the company and has been in the Business business for three generations. It’s a hedge fund now and the 40 layers of middle management just need the line to go up. Then they get a bonus and a pat on the back for crushing their KPIs.
I’m not a business guy by any means, but it hit me a while ago that the majority of huge companies aren’t really driven by sales of their core products now, like how you’ll buy an appliance from an electrical store on finance offered by a company they own. They make more money from the banking and investment, to the point that the original point of the firm is a vestigial interest.
They don’t have to give a shit about the customer when the money they make is, to some extent, self-sustaining. As long as someone else is paying people, their income will keep on keeping on.
The trouble is, more and more companies are doing all they can to stop paying people.
And here we are.
They need number to go up 30x from when they bought it so they can sell and do it again or just coast forever
that means ai is just there to pump up stocks and valuations while saying they are valuable but really producing nothing of value and just stealing from tax payers as a strategy next admin will need to hammer on ai and just ban it from usa completely for using it for replacing jobs in general instead of making things cost less ai used to make things cost more