RE: https://techhub.social/@Techmeme/116653554177369852
If anybody is wondering how this bubble hasn’t popped yet - I still run into companies with blockchain teams. Everybody pretended GameStop could buy eBay this month. Businesses are really good at huffing glue.
I still frequently run into orgs where they renew Darktrace, an AI sensor thing from a decade ago, each year at a cost of 6-7 figures and they can’t explain why.
Nexthink’s another common one. Co-op had several Nexthink analysts, with that in their job title. Nobody used it. They renewed it because it was easier than admitting they wasted the money. Microsoft had it too, every endpoint installed. Why? Who knows.
Who is going to admit they wasted money on GenAI?
@GossiTheDog legit half of all my business is finding Darktrace customers and getting them off the thing. It’s wild how many people pay for it when their team literally does not know what to use it for. I remember one team that was like “oh yeah it’s our backstop, we look at it if we don’t know what’s up”, and they hadn’t done that for 18 months.
Didn’t stop their execs from saying they were AI first cause they had Darktrace.
@GossiTheDog do you (or anyone else reading this) have some more context or info why Darktrace is not great? Did someone make a comparison?
I see people telling the world Darktrace is bad, but haven’t found the evidence backing that up. I would love to link to something else than a Mastodon thread from rando’s.
As I vaguely recall, their company and former execs were implicated in fraud. Here's an older article. I think they just barely pulled off an acquittal before Lunch ended up dying aboard his sailing yacht Bayesian in that storm a couple years ago.
That and a lot of the commentary I've seen suggested they're big on marketing but often fail to deliver on results. Reviews seem mixed. I have no personal experience with them, but there's enough shadiness surrounding them that I'd be very reluctant to get in bed with them.
@tkissing Most improvements that I have noticed have been about the "harness" rather than the models themselves; letting the model actually run builds itself was the tipping point from "always useless garbage" to "only sometimes useless garbage".
At this point I wouldn't dispute that in the last few years models have gotten better, but even so the folks making this claim should have specific examples that the old model fails at that the new one succeeds at.
When the fossil fuel industry decides to launder its money, there's nothing to stop them.
https://www.brookings.edu/articles/new-book-portends-crisis-possible-revolt-in-saudi-arabia/
https://www.nytimes.com/2017/11/30/opinion/saudi-prince-elites-corruption.html
https://archive.is/BmG79
Same as when corrupt Russian & Asian oligarchs laundered their cash in the real estate markets, ballooning housing costs.
With the full cooperation of banks & government no less.
In a review of Karen Elliot House’s On Saudi Arabia: Its People, Past, Religion, Fault Lines and Future, Bruce Riedel writes that perhaps the greatest challenge the next U.S. president could face is a revolution against the royal family in Saudi Arabia.
@GossiTheDog @lisamelton @Techmeme
“Huffing Glue”!!!!
That’s priceless and beyond true
@GossiTheDog
I like to look at this: https://isaiprofitable.com/
$$$ spent since pageload is my favourite bit…
@GossiTheDog When rationality is a national risk we can't afford the numbers on our screens to reflect any reality.
Economic lag and untamed wild growth of market corruption is only there to transfer what little the many have onto the piles of the few.
Yet even the tiniest of fishes can and have devoured incompetent giants throughout history with time and pressure.
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