Thread regarding Wells Fargo & Co. layoffs

No AI savings in Risk?

Not even amongst those providing rubber stamp approval and reviewing documents?


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| 12 views | | 9 replies (last March 30) | Reply
Post ID: @OP+1kmjnc9qn

9 replies (most recent on top)

It’s all smoke and mirrors. AI can’t do what people think it can but all of the leadership keeps running with it so they don’t have to admit the ROV isn’t there. Oh and the economy su-ks right now!

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Post ID: @yz+1kmjnc9qn

There’s no funding to implement anything meaningful.

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Post ID: @kq+1kmjnc9qn

Is it all just a publicity stunt so they can inflate the stock?

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Post ID: @c6+1kmjnc9qn

@af meanwhile senior engineering vets with better tools haven't written a single line of code in months and they are doing features that used to take weeks to months in just days.

Copilot may technically be GenAI, but its one of the worst.

Also, the age of chatbots is over. Agentic AI will be automating a lot soon. Just not at WF.

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Post ID: @b9+1kmjnc9qn

The savings is in headcount reduction and the message to shareholders and the board is AI helped do that. Everyone inside knows it is not because of AI though.

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Post ID: @b8+1kmjnc9qn

@a4 do you understand what Gen AI is?

Copilot is Gen AI. Ask it to draft you something, it will.

Now, if your job doesn't rely on drafting huge amounts of overly-worded business speak, code, or metrics?

It's probably not going to help you much. Which is the reason management thinks it'll change the world and knowledge workers think it's just a fancy search engine.

One funny point, vibe coding is so wrought with mistakes that an entire new industry of vibe code reviewers has popped up to help companies fix their vibe-coded applications.

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Post ID: @af+1kmjnc9qn

Who says there isn't? It's just not ready yet, but it will come.

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Post ID: @aa+1kmjnc9qn

Is Gen AI ever being rolled out to the masses? Or we stuck with the sh---y copilot?

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Post ID: @a4+1kmjnc9qn

It’s only good for proofreading.

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Post ID: @a3+1kmjnc9qn

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