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.