Thread regarding Wells Fargo & Co. layoffs

What companies really mean when they roll out AI

Last quarter I rolled out Microsoft Copilot to 4,000 employees.

$30 per seat per month.

$1.4 million annually.

I called it "digital transformation."

The board loved that phrase.

They approved it in eleven minutes.

No one asked what it would actually do.

Including me.

I told everyone it would "10x productivity."

That's not a real number.

But it sounds like one.

HR asked how we'd measure the 10x.

I said we'd "leverage analytics dashboards."

They stopped asking.

Three months later I checked the usage reports.

47 people had opened it.

12 had used it more than once.

One of them was me.

I used it to summarize an email I could have read in 30 seconds.

It took 45 seconds.

Plus the time it took to fix the hallucinations.

But I called it a "pilot success."

Success means the pilot didn't visibly fail.

The CFO asked about ROI.

I showed him a graph.

The graph went up and to the right.

It measured "AI enablement."

I made that metric up.

He nodded approvingly.

We're "AI-enabled" now.

I don't know what that means.

But it's in our investor deck.

A senior developer asked why we didn't use Claude or ChatGPT.

I said we needed "enterprise-grade security."

He asked what that meant.

I said "compliance."

He asked which compliance.

I said "all of them."

He looked skeptical.

I scheduled him for a "career development conversation."

He stopped asking questions.

Microsoft sent a case study team.

They wanted to feature us as a success story.

I told them we "saved 40,000 hours."

I calculated that number by multiplying employees by a number I made up.

They didn't verify it.

They never do.

Now we're on Microsoft's website.

"Global enterprise achieves 40,000 hours of productivity gains with Copilot."

The CEO shared it on LinkedIn.

He got 3,000 likes.

He's never used Copilot.

None of the executives have.

We have an exemption.

"Strategic focus requires minimal digital distraction."

I wrote that policy.

The licenses renew next month.

I'm requesting an expansion.

5,000 more seats.

We haven't used the first 4,000.

But this time we'll "drive adoption."

Adoption means mandatory training.

Training means a 45-minute webinar no one watches.

But completion will be tracked.

Completion is a metric.

Metrics go in dashboards.

Dashboards go in board presentations.

Board presentations get me promoted.

I'll be SVP by Q3.

I still don't know what Copilot does.

But I know what it's for.

It's for showing we're "investing in AI."

Investment means spending.

Spending means commitment.

Commitment means we're serious about the future.

The future is whatever I say it is.

As long as the graph goes up and to the right.


by
| 2094 views | | 11 replies (last December 16) | Reply
Post ID: @OP+1kc81jzt0

11 replies (most recent on top)

@cr I like how Cory Doctorow put it, feeding more and more text to LLMs and expecting them to develop AGI, is akin to breeding more and more horses with the expectation that they will eventually birth a locomotive.

by
| | Reply
Post ID: @yg+1kc81jzt0

@cr AGI will never be reached, because no one can decide on what it even is. As soon as AI can start learning and self-improving with short and long term memory, that will be enough, in my opinion. Whether that's AGI or not, who knows?

by
| | Reply
Post ID: @dc+1kc81jzt0

This article is sad and hilarious at the same time. Wells Fargo is staffed with mo--ns. I worked with a man who lost a billion dollar advisory team and got promoted. You can't make this stuff up. I would share this article with every analyst covering Wells Fargo and ask them to proceed accordingly.

by
| | Reply
Post ID: @db+1kc81jzt0

Artificial General Intelligence (AGI) → Would be human-level or better across any intellectual task, adapting to new challenges without retraining, with true reasoning, planning, and understanding. No one has achieved this yet—

LLMs are not AGI

by
| | Reply
Post ID: @cr+1kc81jzt0

This is a lie. HR would never ask a question like that.

by
| | Reply
Post ID: @aj+1kc81jzt0

🎤 drop

by
| | Reply
Post ID: @a6+1kc81jzt0

@a4 You got it wrong. I saw the hardest-working workaholic I've ever known get displaced from WF. I also saw the hardest-working bewtie-smoocher go in the same round. It's not about keeping hard workers, it's about replacing everyone with AI-backed dashboard jockeys.

There is no way this ends in success.

by
| | Reply
Post ID: @a5+1kc81jzt0

@a1
if they were hardworking they wouldn't be displaced

if they were hardworking they will find another job

if they were hardworking they'll see this as an opportunity

be a positive polly not a negative nancy

by
| | Reply
Post ID: @a4+1kc81jzt0

Exactly!!

by
| | Reply
Post ID: @a2+1kc81jzt0

To quote the classic Guinness commercial, "Brilliant!"

Wonder how many hard-working Americans you've displaced.

by
| | Reply
Post ID: @a1+1kc81jzt0

Post a reply

: