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Majority of CEOs Alarmed as AI Delivers No Financial Returns (futurism.com)

submitted 2 months ago by cm0002@toast.ooo to c/technology@piefed.social

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[–] Akh@lemmy.world 13 points 2 months ago (2 children)

Where the hell are the shareholders… they need to step in and tell them to stop the bleeding

[–] Someonelol@lemmy.dbzer0.com 6 points 2 months ago (1 children)

They're the ones demanding even more money go into AI.

[–] DragonTypeWyvern@midwest.social 5 points 2 months ago* (last edited 2 months ago)

Because the "shareholders" actually voting aren't the shareholders, they're the same inbred circle of investment firm board members that also hold stock in NVIDIA and the LLM companies.

You compare the total shares held and you've got 90% of the shareholders just trusting that those morons won't crash the economy again.

[–] pinball_wizard@lemmy.zip 1 points 2 months ago* (last edited 2 months ago)

Where the hell are the shareholders…

Anecdote data point: I sold all of my stock in the top tech companies some time ago, when they went on layoff binges.

I'm guessing all shareholders with braincells to rub together are already out of the picture, for these clowns.