this post was submitted on 20 Sep 2024
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They are making money off AI. Don't think they're not. I don't understand how, but these company's are getting profit.
If you look at the enterprise pricing and options for Copilot and Security Copilot, they're building a pretty obvious business model around automating everything from end user basic tasks to tier 1 incident response.
I'm not advocating that it will work, especially as a person in IR but, all the big players are pushing for security automation. All it's going to take is one high profile incident to shift the CSO's and the like to jump in with both hands full of "ai" purchase orders.
The shittiest part is, this is only going to eliminate more entry level secops jobs. Jobs that are generally a great place to start in the industry.
It's also going to create more headaches for the people left to fix things
"Shut up and use the AI we are paying a fortune for!"
Proceeds to figure everything out for themselves and works themselves to death
This is the real concern I have.
It's already hard enough keeping a job in IT that doesn't drive you absolutely crazy, between having to deal with people who still cannot use a computer and people who make a hundred times what you do having every single blink on their screen being a tier one response crisis and the having to do the actual work of it which is building up and establishing the systems that these workers use.
If they also make it so that there's less need to hire PFYs (pimply faced youths) so that the old blood doesn't get refreshed with the new blood, then it's going to tank the entire sector.
Not necessarily. Companies chase what's popular because it boosts the stock. Executives get bonuses and move to the next hot idea.
Remember when everything was block chain?
No, I mean they are literally making money from it. Asianometry touched on it, but didn't explain how they were making the profit.
They're racking in a ton of investment case on AI. I'm sure there's also a slew of government contracts that keep this beast afloat.
But in terms of real value added to the economy? This seems like its just another Wall Street bubble waiting to pop.
Oh I agree. But the fact is these company's are seeing actual profits right now.
They're seeing a flood of new investment, but they're also absorbing huge losses from within their AI divisions.
The profits they're reaping are in other sectors.
I think the real pop is going to happen when all of these hundreds of billions of dollars have been spent on AI and then a plucky upstart company actually releases general AI and completely and totally demolishes every company that is building up on it.
That is my prediction and my estimation would be 2030-2032 when that happens.
Setting aside the very term AGI is ill defined to the point of meaningless, what prevents the bigger company from simply eating the plucky upstart?
You can't buy what isn't for sale, I guess.
Hostile takeovers suggest you can.
You can only hostile take over a publicly traded company. You can't walk into a private business and kick the owners out unless you have a lot of manpower and the ability to fend off the police and lawyers and everybody else.
Are they? The Subprime AI Crisis
it's venture capital, fueled by the fumes of hopes and dreams and fantasy stories for investors.