dantheclammanVCs are starting to partner with private equity to buy up call centers, accounting firms and other "mature companies" to replace their operations with AI
otacon239I am so glad I got out of IT before AI hit. I don’t know how I would have handled customer calls asking why our chat is telling them their shit works when it doesn’t or to cover their computer in cooking oils or whatever.
And only after they banged their head against the AI for two hours and are already pissed will they reach someone. No thanks.
Thank god I can troubleshoot on my own.
When VC and PE call a company or industry “mature” it means they don’t see increasing revenue, only something to be sucked dry and sold for parts. To them, consistent revenue is worthless, it must be skyrocketing or nothing. If you want to see this in action right now, look what Broadcom is doing to VMWare. They also saw VMWare as a “mature company”.
Fuck Broadcom. We’re still dealing with that bullshit, as there aren’t a lot of viable alternatives at the enterprise scale.
Broadcom management deserve gulag
When VC and PE call a company or industry “mature” it means
It means they see a hog ready to be slaughtered.