Venture capital firm Battery Ventures says new businesses that are replacing human workers with AI are already dramatically out-performing those that don't.
We sat down recently with Battery Ventures general partner Dharmesh Thakker to talk about the AI technologies he’s most excited about, and where he sees them already creating billions of dollars in value.
Then who is going to build and verify the accuracy of your AI workforce? This stuff makes me cringe so hard. You need INPUT and new ideas to improve your AI workforce, buddy. Otherwise, you're just creating an idiotic cyclical death spiral for whatever you have them doing. Models learning from models is the trash near-term we're all going to have to suffer through. I'll be supporting the incoming "Not made with AI" products and businesses so hard from here on our to just take away whatever monetary resources I can from dipshits like this.
This all gives me De Ja Vu of the 90's and 00's when money hungry CEO's in the wealthier countries all scrambled to outsource their human workforces offshore. What a debacle. Years of planning, years of execution, years of consumers suffering the consequences, only to unanimously watch these assclowns realize their mistakes and reverse, wasting insane amounts of capital doing so that could have just been invested in the the existing workforce. It's all happening again, and they never seem to learn.
Did you read the article? It actually addresses much of what you talk about. For example:
“The promise of AI is a stake in human judgment and trying to automate some of it so that humans can focus on higher-order tasks that are much more fruitful,” he said.
The point is not to remove humans entirely. It's to automate the stuff that can be automated so that the humans you do have can focus on the important stuff that can't be automated. Human employees are expensive so you'll want to use them wisely, not doing busy-work that a machine can handle.
I’ll be supporting the incoming “Not made with AI” products and businesses so hard from here on our to just take away whatever monetary resources I can from dipshits like this.
If you wish, but you'll likely end up paying a hefty premium to do so. This is like insisting on only eating hand-churned butter or only wearing hand-stitched clothing - you can probably find niche providers that supply that but you've got to be pretty rich to pull that off as a lifestyle.
I was chatting to a lawyer-person, and they were talking about AI replacing the work that junior lawyers do, much faster and at a fraction of the cost.
But its the junior lawyers that become seasoned lawyers and partners at law firms.
Seems like short term savings by not training new lawyers.
You sound like you'd be fun at business school and management networking parties ☺️
Read the second half of my response.
This is the same bullshit as I had mentioned, the myth of trickledown economics, and return to office mandates. All completely made-up bullshit that negatively impacts the workforce and only benefitting the bottom line of the corporations doing it.
The irony of this article is that Dharmesh Thakker, the head of Battery Ventures, never joins the economic dots. Venture capital firms only have other people's money to invest, because there are other people with jobs spending money, thus generating savings, pensions, and income to invest.
You rarely see journalists in business publications asking questions that arise from this line of thought. Yet the economic logic of shredding the human workforce is recession and deflation; bad news for VC firms.
I vote all the higher ups in these large companies immediately replace their lowly workers with AI so we can see articles like this eat shit from being completely outdated.
Yes, in the short term, these companies wouldn't save tons of money. But in the long term they'd just end up in a situation where nothing can get done because they've replaced all the humans and don't have anyone to upkeep the "workers" and make sure they actually work properly.
It was the end of well paying jobs for many many people, while it did end up making the standard of living better, there was a not insignificant chunk of time where it got worse for a lot of people.
Didn't fear the the result, fear the transition period.