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

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

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[–] Akh@lemmy.world 12 points 2 days 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 9 points 2 days ago (1 children)

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

[–] DragonTypeWyvern@midwest.social 5 points 2 days ago* (last edited 2 days 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 1 day ago* (last edited 1 day 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.