an astonishing 29 percent of [execs] had no idea where the growing costs associated with AI were coming from.
The headline combined with the quote just make me laugh so much, I love it
this post was submitted on 08 Jul 2026
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This is what happens when the people in charge of everything are entirely separated from reality.
Those same idiots have been in charge of everything for decades, blindly doing whatever suited them.
They got duped and didn't have the technical competence to see it or trust their staff to negotiate it.
Every IT / Developer out there knew it was a bad idea. The C-Staff was sold by the billionaires that you will go AI or you will be left behind.
My own CEO is simultaneously telling us to use AI for as much as we can and telling us to reduce costs as much as possible.
The "you'll be left behind" nonsense makes me laugh. Left behind from what exactly? Lol
Someone else can output more slop than us!
The sales pitch is:
All your competition is going AI. They're be producing 10x the work with mouth breathing morons at the keys, while you're stuck paying millions to subject matter experts.
They're scared ot death that the tenuous hold they have on their market segment will be severed if their competition outflanks them in this, so FUD wins.
Someone should remind those soggy, arrogant execs that down here in the developer trenches we survived web services, software as a service, outsourcing, and off-shoring. We're still here after all that and we'll still be here after AI.
Just wait until all the technical debt has to be paid as well.
I know what you mean, but the tech debt problem will never get resolved.
And the media will keep on shamelessly calling them "job creators".
Hopefully some day the average voter will see through that shit.
SMH Did they really think all these investors just wanted to burn 9-figure sums without any serious return?
i am saying this for about a year now: Altman wants to rule the world.
Who of the billionaire (and now trillionaires, sigh) fucknuggets does not want to rule the world?
What else should one do if one already has everything and can't buy anything else...
A trillionaire sounds surreal. Imagine having an entire country economy (or a few smaller ones) as your budget.
Indeed. When I was young, a millionaire seemed rich. As I grew older, billionaires seemed rich. And now we're one step further. The average millionaire is further away from musk than the average Joe from said millionaire.
It's absurd and shouldn't be possible. Billionaires also shouldn't. Why would anyone even need hundreds of millions. You can live wonderfully with very few millions or even less than one.
These days, in many cities, being a millionaire is a prerequisite for owning a house.
True. We (Germany) experience that too. In some places you wouldn't get a 1 bedroom tiny apt for a sum you could buy a decent house elsewhere.
But I just wouldn't want to live in such cities or neighborhoods. For what purpose? Why should anyone even know I'm loaded? In real life noone knows I am. If I'd raise a cup on the streets people would probably throw change into it 😁
Nobody has to know you own a house. Don't gad about in a tuxedo wearing a monocle.
The purpose of living in a population-dense area is the culture and amenities, such as healthcare facilities and art communities.
Sure, but those you can have basically everywhere, don't need to pick the rich neighborhoods or generally expensive cities.
I lived in our capital once. It had not one benefit I couldn't find elsewhere. At least none I would've found. And we move every few years to somewhere else in krautland.
Who of the billionaire (and now trillionaires, sigh) fucknuggets does not want to rule the world?
But most of them have no plan beyond money, money, money.
This one has. He wants first to use his AI beasts to serve him make the rules for every*, and the rest of humanity to serve his bots, or something like that.
No plan we know of...not everyone is a 5yr old attention seeking whore like those everyone knows.
Sounds like conspiracy theories, but we know what she should know and are allowed to know.
That makes it pretty clear that most executives are the worst possible people to run a company. Well, that’s just how it is when ruthlessness and greed are the only criteria used to select top executives.
But hey, even if they were to lose their jobs because they’re burning through so much money, things will go on as usual: Anyone who’s ever held a top management position will always be hired for the same role somewhere else, because competence is definitely not the deciding factor here. Never was, never will be.
At this rate the leopards are going to have to start going on a restricted diet. Maybe the panthers are hungry too though.
I mean exactly what you think I mean.
Nearly one-third of corporate executives are dumber than an box of rocks.