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   sci.electronics.design      Electronic circuit design      143,326 messages   

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   Message 142,060 of 143,326   
   Theo to Waldek Hebisch   
   Re: AI folly   
   10 Jan 26 13:32:09   
   
   From: theom+news@chiark.greenend.org.uk   
      
   Waldek Hebisch  wrote:   
   > Don Y  wrote:   
   > >    
   >   
   > IMO, those are not technical failures.  Rather, they show how current   
   > economy works.  Remember, goal of a businesses is to make money.   
   > Delivering working product is just cost of doing business.  And   
   > as business improve, there is tendency to cut costs.   
      
   Many of these companies see stock market money as the thing to be made, not   
   profits.  'Line go up' == success.  The CEO will exit before investors   
   discover that lines also go down.  The investors are also piling in on a   
   'line go up' basis, rather than a sober reflection on the potential market,   
   revenues, profit, costs, etc.   
      
   > The products in the article clearly represent things that   
   > businesses want to sell.  Some people will buy them because   
   > features look attractive to then.  Other will buy once there   
   > are no alternatives.   
      
   It seems like the companies are skipping the 'doing things customers want'   
   stage and moving straight to the 'make $$$$' stage, which is possible when   
   there are ever more gullible investors to throw money at them (or you can   
   skew the market enough such that index funds etc will roboinvest in them).   
      
   Theo   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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