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27 Kommentare
Execs of S&P 500 companies said „AI“ more than they said „earnings“… on earnings calls.
Source: Bloomberg
Tool: Excel
Technically you will find ai in the word earnings
The fun part will come when all the useless C-suites have to backtrack on layoffs because firing someone and replacing them are two very different things.
If the average earnings call is ~50 minutes…
4,927 mentions breaks down to an average mention of AI about every 5 minutes.
Crazy considering only 2 out of the 11 sectors of the S&P 500 are tech-related.
So, these CEOs are happy with a technology that make money for them (no surprise there), even though AI is only accurate approximately 60% – 70% of the time.
That says a lot about their motivations.
And they keep asking employees to incorporate it more into their tasks, while not understanding that AI can’t always do that. I don’t need AI to write an email for me that says, „see attached.“
AI means less payroll which is more lucrative than earnings.
Because the stock market demands it. It is reactive not proactive messaging.
Never forget the anagram for „artificial general intelligence“ is “ nice, I fart-uli allergic giant gas“
If they don’t say the buzzword, how will they be on the good side of investors?
I’d wager not a single one of them knows what AI is.
I’ve listened to earnings calls and the word „earnings“ is not said very frequently except when saying something like „Thanks for joining the xxxx earnings call.“ Some better words to use might be „revenue,“ „sales,“ or „projection“. Otherwise, this isn’t r/dataisbeautiful, this is cherrypicking two specific words to drive a narrative.
Ai gives corporate execs the one thing they crave above all else, sycophantic yes men. AI is here to stay because c suite egos desperately need this and they will spend any amount of money to shove it down our throats.
Can we see the “sustainability” graph?
I hope it’s on a decline
I can’t wait for the moment when that cure is back down in under ”earnings”.
Can’t imagine a more perfect representation for our short cut obsessed economy and culture. I also can’t imagine a way this ends well.
It AI works, it will take over everything. Leaving no room for people. If it fails, it will drag down everything connected. Which is already everything.
I think the perception is that it’s some magical wand that can do anything.
I can hear them now:
„I, for one, welcome our new six-fingered overlords.“
I miss my phone auto correcting “i” to “I” instead of “ai”
Sounds like something an AI would write.
Was probably similar during the original internet boom
The fact of the matter is that if you want to attract B2B customers you absolutely have to be obsessed with AI, and if you want to please shareholders you absolutely have to be obsessed with AI. And those are the two biggest moneymakers, so it doesn’t really matter if AI provides any tangible value to your offering if it provides value in the eyes of those two golden cows.
Bit of a weird comparison imo. AI being over-mentioned is believable, but not sure what the relevance is to mentioning „earnings“ on earnings calls. Not like CEOs go around saying „earnings“ all the time during the calls lol
Executives aren’t humans, I swear to god
And most of them have not a clue how it would work in their business, what they would have to do to make it work (all the dull stuff like data cleanse etc). They are just sheep. THEY should be replaced with AI
It’s the golden hammer anti-pattern.
Who’s going to buy when no one has income?