Excellent point.
As an aside, I analyze companies as potential investments using AI. When I first started using it, I thought it would save me many hours of work. How wrong I was.
Because I can do analyses that used to be impossible (analyze each company deeper and analyze more companies), I am now working many, many more hours.
In this same vein, I read an article last month about the legal department at a public company that thought, as I did, that AI would help them reduce staff. The opposite happened. Because they could dig deeper into the legal issues their company faced in its expansion plans, they were called on to do more and more work and had to start adding lawyers and paralegals.
I’m not so bullish on AI. What is can do organizing, cataloguing and deciphering information is amazing, but it needs large databases of accurate information to produce anything worthwhile. And then who or what validates AI’s output. In many cases AI is being trained on false or incomplete data, or it is hallucinating or in many cases it is overfitting the data. Businesses have always been vulnerable to managers who make decisions on bad information. AI could be magnifying these types of mistakes with catastrophic results.
Well I work in IT as a Sr Systems Admin and have for 25 years and I have been taking courses in AI as I am soon to be 63 I keep my skills razor sharp and AI is only as good as the the code written to drive AI and these Companies jumping into AI have no clue to that point as some Suit read s about AI and here we go. To me it is a Fad and a bad one at that least with the companies including mine I work for...AI this and AI that...These Executives want to include AI into everything, every app, I see this as a wrong headed approach. I use AI for some things and it is handy at times to backup my thoughts and ideas but to wholesale cut people’s livelihoods is over the top and I think soon a AI bubble will burst in 2026.