There's too much group-think in the executive class. Too much forced adoption of AI, too much bandwagon hopping.
The return-to-office fad is similar, a bunch of executives following the mandates of their board, all because there's a few CEOs who were REALLY worked up about it and there was a decision that workers had it too easy. Watching the executive class sacrifice profits for power is pretty fascinating.
Edit: A good way to decentralize the power and have better decision making would be to have less centralized rewards in the capital markets. Right now are living through a new gilded age with a few barons running things, because we have made the rewards too extreme and too narrowly distributed. Most market economics assumes that there's somewhat equal decision making power amongst the econs. We are quickly trending away from that.
But yeah in the end companies behave in trends, if some companies do it then the other companies have to do it too, even if this makes things less efficient or is even hurtful. We can put that onto the human factor, but I think even if we replaced all CEOs with AIs, those AIs would all see the same information and make similar decisions on those information.
There is pascal's wager arguments to be had: for each individual company, the punishment of not playing the AI game and missing out on something big is bigger than the punishment of wasting resources by allocating them towards AI efforts plus annoying customers with AI features they don't want or need.
> Right now are living through a new gilded age with a few barons running things, because we have made the rewards too extreme and too narrowly distributed.
The usa has rid itself multiple times of its barons. There is mechanisms in place, but I am not sure that people really are going to exercise those means any time soon. If this AI stuff is successful in the real world as well, then increasing amounts of power will shift away from the people to the people controlling the AI, with all the consequences this has.
I don't know how useful LLMs will ultimately turn out to be for most things, but a freaking universal translator that allows me to understand any language? Incredible!
However, it has led to many websites to automatically enable it (like reddit), and one has to find a way to opt out for each website, if one speaks the language already. Especially colloquial language that uses lots of idioms gets translated quite weirdly still.
It's a bit sad that websites can't rely on the languages the browser advertises as every browser basically advertises english, so they often auto translate from english anyways if they detect a non-english IP address.