this post was submitted on 08 Sep 2025
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[–] r00ty@kbin.life 98 points 1 day ago (5 children)

I've said it before and I'll say it again. Businesses operate on three timescales. Monthly, quarterly and annually. Anything beyond that they're not even thinking about.

When a company talks about long term strategy you can ignore everything they say after. It means nothing.

So AI can make them more money in the short term. They don't understand the problem even if it's right in front of them.

[–] kilgore_trout@feddit.it 32 points 1 day ago (2 children)

I feel this is always true for public companies, while there are some exceptions in private ones.

[–] r00ty@kbin.life 9 points 1 day ago

Yeah, I usually say "large organisations". So it's a good point.

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[–] InvalidName2@lemmy.zip 15 points 1 day ago

Anything beyond that they’re not even thinking about.

Every place I've had a white-collar office job, there's been a 5-year plan. But the plan is typically a flippant and unrealistic goal, I suppose the purpose of which is to temporarily boost morale and to be a cult-like litmus test to see which employees can ignore reality.

Two of the more egregious examples: I worked in what was considered a medium sized company (maybe 30ish employees at the time). Management decided their 5-year goal was that we were going to grow large enough to own/build a skyscraper downtown. Another was at a relatively unknown regional retain chain that couldn't even compete with Walmart whose 5 year goal was to become a household name around the world.

[–] Lewo@lemmy.world 23 points 1 day ago

From what I've noticed, with AI companies, it's usually not "annual" but "annualized", which is just an estimate. And it doesn't seem like there are any rules to calculating that estimate, you can just grab the best 30-day period of operation, multiply it by 12 and claim millions in annualized revenue. And then they usually just sell to someone based on this estimation, since it's almost never profitable to build something on top of existing infrastructure of the main players in this market and maintaining your own is just not feasible.

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[–] DarrinBrunner@lemmy.world 37 points 1 day ago (2 children)

You forgot they're also whining about declining birth rate, and begging people to have more kids.

[–] Couldbealeotard@lemmy.world 7 points 1 day ago

Something something infinite growth

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[–] LodeMike@lemmy.today 123 points 1 day ago (2 children)

They don't have a plan. It's pigs at the trough.

[–] Yondoza@sh.itjust.works 21 points 1 day ago

Yup. The people pushing AI are not concerned with the social or economic reprocussions of pushing AI. They just want line go up.

The "Don't Look Up" greed + willful ignorance will crush us all.

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[–] billwashere@lemmy.world 3 points 22 hours ago (1 children)

Yeah the thing that pisses me off the most is the wealthy elite only got wealthy because of the disposable income of a healthy middle class. Without that the whole system collapses. So striving for more and more wealth is only going to hurt everyone in the long run. The worst part is they will be the last to be hurt.

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[–] Rcklsabndn@sh.itjust.works 53 points 1 day ago (1 children)

My 401k has gotten up into the 5 digit range a couple times, but emergencies have required me to to drain it. Retirement is a dream I rarely harbor.

I'm working until the day I die. My mother fancies herself retired and rots away in a house she imagines she owns, but it has been property of the bank since before I was born in the 80s. A mortgage that was essentially renting with extra steps.

I'm just whining now, so I'll stop.

[–] Shortstack@reddthat.com 24 points 1 day ago

It's topical whining though, so it's allowed

[–] AlboTheGuy@feddit.nl 79 points 1 day ago (1 children)

Have you ever met Capitalism™ ? The guy doesn't really do long term plans

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[–] LouNeko@lemmy.world 36 points 1 day ago* (last edited 1 day ago) (25 children)

People tend to forget how cheap gasoline is and how abundant glass bottles and rags are.

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[–] ch00f@lemmy.world 120 points 1 day ago (3 children)

I heard recently this summary:

The US economy depends on two things:

  • Steady growth in available jobs
  • The bet on AI eventually pay off and replace all jobs with AI.
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[–] Flax_vert@feddit.uk 17 points 1 day ago

Short term profit.

[–] bad_news@lemmy.billiam.net 19 points 1 day ago (1 children)

I think they plan to just sell yachts to each other at the oligarch level.

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[–] sp3ctr4l@lemmy.dbzer0.com 6 points 1 day ago

Soylent Green.

[–] deathbird@mander.xyz 4 points 1 day ago

It's never supposed to take all the jobs I think. But to eliminate what jobs they can and skim the difference.

[–] frezik@lemmy.blahaj.zone 14 points 1 day ago (5 children)

It's UBI, and no, UBI is not a real socialist plan. It keeps the rest of us poor with little possibility of social mobility.

[–] jnod4@lemmy.ca 8 points 1 day ago (4 children)

Hahahahhaha they will give you an unlock code for an euthanasia capsule if you're lucky they don't imprison you for homelessness where you can have a job doing the last things that can't be automated. Look what they're doing to the "undesired" in usa; everyone on earth knows about gaza and the outcry is minimal, once you're poor, and you will be poor, nobody will cry when you dissappear.

A small photo showing inmates in Louisiana

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[–] technocrit@lemmy.dbzer0.com 9 points 1 day ago* (last edited 1 day ago)

They've already made a shitload of money. Now they're consolidating their extreme privilege into violent political control.

And when bubble pops, the rich will be paid immediately via an inflation tax on the poor as per usual...

https://www.npr.org/2023/03/13/1163180140/silicon-valley-bank-is-it-a-bailout-barofsky

[–] 5in1k@lemmy.zip 15 points 1 day ago

Getting rid of money and having a heavily stratified society with the current wealthy at the top. Like a cheesy SciFi premise but realized here to live in.

[–] WorldsDumbestMan@lemmy.today 19 points 1 day ago (2 children)

I'm guessing they will lobby th government to give out credits. They will then trade materials with each other, allow the masses to just starve and die off. They don't actually want money, they want absolute power.

They only need us to make stuff. Once we are redundant, they won't care about selling (to us)

[–] Diplomjodler3@lemmy.world 19 points 1 day ago (1 children)

People like Peter Thiel literally want to kill off most of humanity. They see us as dead weight.

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[–] Manticore@lemmy.nz 8 points 1 day ago (1 children)

AI is propped up by investors. Always promising the.next big thing is just around the corner. The money is pouring in from other wealthy people...let's be real us common folk rarely if ever pay for AI. Its businesses doing that

but one day those investors will expect a return, so AI is being shoved in everything in the hopes of finding a use case that is actually profitable

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[–] JayDee@lemmy.sdf.org 44 points 1 day ago (3 children)

Sell to other billionaires ad nauseum. Let the rest of humanity starve. The usual kings and peasants model

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[–] 9point6@lemmy.world 16 points 1 day ago* (last edited 1 day ago) (1 children)

The wealth doesn't disappear, it just ends up concentrated.

Goods and services will just be something most people will no longer be able to afford, and they go into poverty. Business will reconfigure to support the lifestyles of the very rich at prices only they can afford, because that's where the money has gone.

Things will get so expensive, people will have to sell their assets (i.e. house) to be able to resist poverty. People without assets won't even get that parachute.

If we don't reverse this concentration of wealth, 99% of people will be living in slums before long.

The fact AI is going to hoover up everyone's job over the next couple of decades, is really just a continuation of a trend we've been seeing since the 80s: the rich are taking all the wealth and leaving none for us

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