my last thread today I promise, re: Cloudfare CEO and who will be replaced by AI

4,449 Views | 53 Replies | Last: 8 days ago by AustinAg2K
Logos Stick
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As I said....

infinity ag
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These days it's the trend for CEOs to post 20 paragraph long-ass posts on Twitter all to say "we laid x people due to.. uh.. AI".
Here's the latest in the Hall of Shame - the CEO of Wix with 20% layoff.

infinity ag
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Logos Stick said:

As I said....




The message from Clown Prince.. I mean Matthew Prince of Cloudflare.

DX2011
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AG
infinity ag said:

The Ex Officio Director said:

How dare you steal a CEO story from infinity ag.




No worries. I am not a greedy selfish person.

I keep my sight on the end goal - which is to expose the evil CEOs of the world who get rich by stealing the food from the plates of poor Americans.

To educate my fellow Aggies (especially the young Ags) to not be naive and idealistic like I was, and to think ONLY of themselves, their goals, and their careers, and to NOT care about the company they work for and NOT to be loyal to their company as their company won't hesitate to throw them into the dumpster to save a dollar. Use corporations as stepping stones to advance oneself and make money and achieve success (as you define it).

So OP, thank you.


So strive to have the attitude of others that the CEO's you despise are showing?
bonfarr
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AG


So was this Uber?
AustinAg2K
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infinity ag said:

Logos Stick said:

The thing that is different with this CEO - thus my post - is that he makes no bones about it. He had record revenue and growth, nuked 20% of his employees because of AI despite his success and then wrote an op ed bragging about it.

Most CEOs don't do insensitive crap like this.

Firstly, success or failure cannot be determined in days or months. Many projects are long term so good or bad will be known much later. By then the CEO is likely to be long gone with his zillion dollar severance. That is where the system fails and rewards short term behavior vs long term. I see that even at my level and I am far away from being a CEO.

I was a software engineer early in my career an wrote a lot of code. I can appreciate the good parts of AI and also highlight the downsides of relying on AI. You don't want to lose control of your code and not know what is where and how things work. When you get that point, you are toast as you become a slave of AI. The retired olds here who never wrote a line of code in their lives don't get it, they just see the $ of their investments. I think you are in tech so you would appreciate the risk.

Here's an insensitive sociopath CEO flexing on twitter that he laid off 22% of company. Just saw this last night.

Long-ass post just to say "because of AI". I would love to see where is company ClickUp is 3 years from now. The way he posts, it should be 10X ing profits. Time will tell.



I love it when I see people say "100X productivity." That means he's expecting people to do a year's work in less than 4 days. Even at 10X productivity, that means doing a year's worth of work in a month. AI can do a lot of cool stuff, but those numbers the CEO's throw out are just stupid. When the company isn't doing a year's worth of work every week, this CEO should be fired for not living up to his word.
aggiedata
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AG
Companies are stupid when their board says you had better start using AI.

YouBet
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AG
It's not a bubble though!
BTKAG97
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AG
Shouldn't AI replace CEOs 1st and start working it's way down?
RyanAg08
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AG
We're being "asked" to use our AI tools daily at work. Every day I ask it to summarize the same huge, useless excel file I did the day before. I guess I should stop or I'll be personally responsible for people losing their jobs.
aggiedata
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AG
YouBet
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AG
lol. I was literally about to comment on everyone using AI for the sake of using AI. Total lemming behavior driven by executives and Wall Street reacting to peer pressure.
aggiedata
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AG
YouBet said:

lol. I was literally about to comment on everyone using AI for the sake of using AI. Total lemming behavior driven by executives and Wall Street reacting to peer pressure.


And now it's negatively impacting quarterly profits.

My old company did the same. Leadership has no idea how to use AI but they were given a directive to make sure people were using it. Insanity
94chem
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infinity ag said:

Logos Stick said:

As I said....




The message from Clown Prince.. I mean Matthew Prince of Cloudflare.




Are we not going to discuss that these terrible memos were written by AI?

Or that, in fact, AI was used to develop the very categories, such as "measurers?"

Or that AI was used to analyze company network drives to identify tasks that it can do better?
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
YouBet
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AG
SkyNet is here, bro.
YouBet
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AG
aggiedata said:

YouBet said:

lol. I was literally about to comment on everyone using AI for the sake of using AI. Total lemming behavior driven by executives and Wall Street reacting to peer pressure.


And now it's negatively impacting quarterly profits.

My old company did the same. Leadership has no idea how to use AI but they were given a directive to make sure people were using it. Insanity


Actually an article in WSJ today on this. Everyone is now pulling back on AI usage because they've blown their budgets.

Quote:

It has been great to let people experiment but now we have too many overlapping tools," Meta Chief Technology Officer Andrew Bosworth said in an April memo to employees. "Nobody should be using AI tools just for the sake of using them. All motion is not progress and token usage alone is not a measure of impact of any kind."


Quote:

For companies using advanced AI coding tools, only 18% of spending on tokens is translating into shipped coding products that reach real users, according to EntelligenceAI, a startup that aggregated data on more than 2,000 companies using advanced AI tools for coding.
infinity ag
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94chem said:

infinity ag said:

Logos Stick said:

As I said....




The message from Clown Prince.. I mean Matthew Prince of Cloudflare.




Are we not going to discuss that these terrible memos were written by AI?

Or that, in fact, AI was used to develop the very categories, such as "measurers?"

Or that AI was used to analyze company network drives to identify tasks that it can do better?


Yes, maybe an "AI Agent". That is all the craze these days. It lets the thinking be done by AI so CEOs are going to jump at this so that they won't have to even attempt to think and not get exposed for their lack of thinking.

He may not even know that the post/memo went out under his name as he outsourced everything to this magic tech. I am waiting for some smart CEO to fire all his people, hand over everything to AI and the agent one day just deletes all their databases and craps out. No recovery. That will happen one of these days, you and I know it.
infinity ag
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YouBet said:

aggiedata said:

YouBet said:

lol. I was literally about to comment on everyone using AI for the sake of using AI. Total lemming behavior driven by executives and Wall Street reacting to peer pressure.


And now it's negatively impacting quarterly profits.

My old company did the same. Leadership has no idea how to use AI but they were given a directive to make sure people were using it. Insanity


Actually an article in WSJ today on this. Everyone is now pulling back on AI usage because they've blown their budgets.

Quote:

It has been great to let people experiment but now we have too many overlapping tools," Meta Chief Technology Officer Andrew Bosworth said in an April memo to employees. "Nobody should be using AI tools just for the sake of using them. All motion is not progress and token usage alone is not a measure of impact of any kind."


Quote:

For companies using advanced AI coding tools, only 18% of spending on tokens is translating into shipped coding products that reach real users, according to EntelligenceAI, a startup that aggregated data on more than 2,000 companies using advanced AI tools for coding.




But but but what about those CEOs who MANDATED that people use AI and tracked and monitored usage and threatened to fire people who didn't "use AI"?

Tech companies are requiring employees to learn and use AI at workhere's the best way to do that, experts say
https://www.nbcphiladelphia.com/news/business/money-report/tech-companies-are-requiring-employees-to-learn-and-use-ai-at-work-heres-the-best-way-to-do-that-experts-say/4197336/

Quote:

Using artificial intelligence on the job is becoming increasingly common across the U.S. Some bosses particularly at tech companies even require it, for either some or all of their employees.

E-commerce giant Shopify, for example, is in the "all" camp, co-founder and CEO Tobias Ltke wrote in a company-wide memo, which he posted to social media network X on April 7.

"Using AI effectively is now a fundamental expectation of everyone at Shopify. It's a tool of all trades today, and will only grow in importance," Ltke wrote. "Frankly, I don't think it's feasible to opt out of learning the skill of applying AI in your craft; you are welcome to try, but I want to be honest, I cannot see this working out today, and definitely not tomorrow."


AustinAg2K
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YouBet said:

Actually an article in WSJ today on this. Everyone is now pulling back on AI usage because they've blown their budgets.

The irony of it all is that companies pulling back on AI usage will help the AI startups, because most are losing money every time they get used. They need time to figure out the appropriate cost model. The infinite tokens was killing them. The plan was always to jack up the pricing, but most of these companies are going to go out of business before everyone is hooked.
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