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this post was submitted on 20 Sep 2024
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They are making money off AI. Don't think they're not. I don't understand how, but these company's are getting profit.
it's venture capital, fueled by the fumes of hopes and dreams and fantasy stories for investors.
If you look at the enterprise pricing and options for Copilot and Security Copilot, they're building a pretty obvious business model around automating everything from end user basic tasks to tier 1 incident response.
I'm not advocating that it will work, especially as a person in IR but, all the big players are pushing for security automation. All it's going to take is one high profile incident to shift the CSO's and the like to jump in with both hands full of "ai" purchase orders.
The shittiest part is, this is only going to eliminate more entry level secops jobs. Jobs that are generally a great place to start in the industry.
It's also going to create more headaches for the people left to fix things
Not necessarily. Companies chase what's popular because it boosts the stock. Executives get bonuses and move to the next hot idea.
Remember when everything was block chain?
No, I mean they are literally making money from it. Asianometry touched on it, but didn't explain how they were making the profit.
Are they? The Subprime AI Crisis
They're racking in a ton of investment case on AI. I'm sure there's also a slew of government contracts that keep this beast afloat.
But in terms of real value added to the economy? This seems like its just another Wall Street bubble waiting to pop.
Oh I agree. But the fact is these company's are seeing actual profits right now.
They're seeing a flood of new investment, but they're also absorbing huge losses from within their AI divisions.
The profits they're reaping are in other sectors.