• Manticore@lemmy.nz
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    2 hours ago

    Isn’t the MO for venture capitalists to run businesses into the ground, make them owe debt to themselves, cannibalise businesses from the inside and then run away with a profit while they bankrupt?

    Not surprising to make a decision that kills a business because the entire point is to kill the golden goose

  • arrakark@lemmy.ca
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    7 hours ago

    LOL. If you have to buy your customers to get them to use your product, maybe you aren’t offering a good product to begin with.

    • Jesus@lemmy.world
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      6 hours ago

      There is another major reason to do it. Businesses are often in multi year contracts with call center solutions, and a lot of call center solutions have technical integrations with a business’ internal tooling.

      Swapping out a solution requires time and effort for a lot of businesses. If you’re selling a business on an entirely new vendor, you have to have a sales team hunting for businesses that are at a contract renewal period, you have to lure them with professional services to help with implementation, etc.

    • dantheclamman@lemmy.worldOP
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      7 hours ago

      That stood out to me too. This is effectively the investor class coercing use of AI, rather than how tech has worked in the past, driven by ground-up adoption.

      • Jimmycakes@lemmy.world
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        7 hours ago

        That’s not what this is. They find profitable businesses and replace employees with Ai and pocket the spread. They aren’t selling the Ai

    • venusaur@lemmy.world
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      7 hours ago

      Plenty of good, non-AI technologies out there that businesses are just slow or just don’t have the budget to adopt.

  • kbal@fedia.io
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    3 hours ago

    Makes sense to me. AI bullshit generators may be worse than useless for most of the things people try to do with them, but they might just be the perfect tool for rationalizing the systematic looting of formerly productive companies by private equity.

    • vivendi@programming.dev
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      1 hour ago

      This is because auto regressive LLMs work on high level “Tokens”. There are LLM experiments which can access byte information, to correctly answer such questions.

      Also, they don’t want to support you omegalul do you really think call centers are hired to give a fuck about you? this is intentional

    • Initiateofthevoid@lemmy.dbzer0.com
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      2 hours ago

      The idea of AI accounting is so fucking funny to me. The problem is right in the name. They account for stuff. Accountants account for where stuff came from and where stuff went.

      Machine learning algorithms are black boxes that can’t show their work. They can absolutely do things like detect fraud and waste by detecting abnormalities in the data, but they absolutely can’t do things like prove an absence of fraud and waste.

      • vivendi@programming.dev
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        1 hour ago

        For usage like that you’d wire an LLM into a tool use workflow with whatever accounting software you have. The LLM would make queries to the rigid, non-hallucinating accounting system.

        I still don’t think it would be anywhere close to a good idea because you’d need a lot of safeguards and also fuck your accounting and you’ll have some unpleasant meetings with the local equivalent of the IRS.

    • Korhaka@sopuli.xyz
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      2 hours ago

      How easy will it be to fool the AI into getting the company in legal trouble? Oh well.

  • otacon239@lemmy.world
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    7 hours ago

    I am so glad I got out of IT before AI hit. I don’t know how I would have handled customer calls asking why our chat is telling them their shit works when it doesn’t or to cover their computer in cooking oils or whatever.

    And only after they banged their head against the AI for two hours and are already pissed will they reach someone. No thanks.

    Thank god I can troubleshoot on my own.

    • tauisgod@lemmy.world
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      7 hours ago

      When VC and PE call a company or industry “mature” it means they don’t see increasing revenue, only something to be sucked dry and sold for parts. To them, consistent revenue is worthless, it must be skyrocketing or nothing. If you want to see this in action right now, look what Broadcom is doing to VMWare. They also saw VMWare as a “mature company”.

  • Optional@lemmy.world
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    7 hours ago

    “What if we threw a ton of money after the absolute shit ton of money we threw away?”

  • Archangel@lemm.ee
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    6 hours ago

    Doesn’t this seem a little “forced”. This just seems like implementing AI wherever possible…regardless of demand.