‘No sugarcoating things’ says CEO Doug McMillon.
No Sugarcoating from Walmart CEO Doug McMillon
The Wall Street Journal reports Walmart CEO Issues Wake-Up Call.
“It’s very clear that AI is going to change literally every job,” Chief Executive Doug McMillon said this week in one of the most pointed assessments to date from a big-company CEO on AI’s likely impact on employment.
His remarks reflect a rapid shift from just months ago in how business leaders discuss the potential human cost of the technology. Companies including Ford, JPMorgan Chase and Amazon have bluntly predicted job losses associated with AI. Some have advised other employers to prepare their workforces for change.
Some jobs and tasks at the retail juggernaut will be eliminated, while others will be created, McMillon said this week at Walmart’s Bentonville headquarters during a workforce conference with executives from other companies. “Maybe there’s a job in the world that AI won’t change, but I haven’t thought of it.”
For now, Walmart executives say the transformation means the size of its global workforce will stay roughly flat even as its revenue climbs. It plans to maintain its head count of around 2.1 million global workers over the next three years, but the mix of those jobs will change significantly, said Donna Morris, Walmart’s chief people officer. What the composition will look like remains murky.
“We’ve got to do our homework, and so we don’t have those answers,” Morris said.
Already Walmart has built chat bots, which it calls “agents,” for customers, suppliers and workers. It is also tracking an expanding share of its supply chain and product trends with AI. In July, Walmart hired an executive from Instacart, Daniel Danker, to oversee those ambitions. Danker reports to McMillon. Part of his role includes working with Morris to determine how Walmart’s workforce should shift.
‘Agent builders’ vs. humanoid robots
Some changes are already rippling across the workforce. In recent years Walmart has automated many of its warehouses with the help of AI-related technology, triggering some job cuts, executives said. Walmart is also looking to automate some back-of-store tasks.
The drumbeat of warnings about AI-related job cuts has increased in recent months. Accenture CEO Julie Sweet told investors Thursday that the firm is “exiting” employees who can’t be retrained for the AI age. Meanwhile, it will continue to hire people who are generative AI-fluent and retrain existing workers to serve clients in consulting and other divisions. “Artificial intelligence is going to replace literally half of all white-collar workers in the U.S.,” Ford Motor Chief Executive Jim Farley said this summer.
‘Embrace the moment’
Omri Yoffe, CEO of Vi, a roughly 115-person AI company that focuses on healthcare, recently told employees they need to think of the current moment in almost Darwinian terms. Those who fail to evolve, learn new skills and create higher-value roles for themselves might be left behind.
“I’m telling them, ‘Guys, you are going to stay here, but you need to be the change agent. You need to evolve yourself,’ ” Yoffe said. “You’re smart enough to work here, but you’re not going to do the same job in two years. Embrace the moment.”
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Walmart recently went to digital price labels on shelves that update current prices. Eliminating clerks to check shelf labels against bar codes. Though no one did this anyway. AI needs to eliminate the overpaid middle managers that can’t keep shelves stocked.
AI technologies are being released improved at incredible speeds. Here’s the latest example:
Walmart is strictly transactional…
I make lots of deals and most of them are built on long term relationships with people and the intangible qualities they and their products have. The quantity and quality of the product is quite often on a trust basis which is an intangible that leaves AI out of touch with how deals work.
When trading strictly in a price for product mode ~ like a Walmart retailer, a robot should make most of the transactions and keep the isles stocked and clean.
In the airports traveling to Europe and back there were wastebasket AI robots roaming around and the one thing they did efficiently was get in the way of people rushing to catch planes. The AI bots are slow and constantly trying to get out of the way but not effectively at all.
A total comedy skit could be done on them on Saturday Night Live!
If Trump does not censor that shou=w out of existence. 😉
Imagine how many people are in school now, racking up 1000’s in student debt, training for jobs that will shortly no longer exist.
What economy? After WWIII. Deuce bags all of them.
https://fortune.com/2025/09/28/ai-dot-com-bubble-parallels-history-explained-companies-revenue-infrastructure/
CEOs are not luminaries. That’s a nice way of saying it. AI is a mania. This is not intelligence, its a calculation engine using large date sets which are recursive. Certain things are in its purview, many not.
Correct!
Many blindspots with the linear datasets.
So can we get an AI that won’t hallucinate? Chat GPT has been in development since 2017 and with the promised exponential pace of development we should be there already
AI “hallucinations” are being dealt with and are much less evident now.
Do not forget that a large part of the data that is used to train AI’s comes from the internet. GIGO.
Read any block or substack or forum on the net. How much of what you read is accurate? I’d say less than 50%. So why would you expect AI to know what is garbage and what is not?
Interesting debate.
My take.
Mankind has been improving productivity for thousands of years. This results in massive change. Embrace change and improve your life, or fight change and let it run you over.
Now. Time for my run. Have a good day.
I reckon he’s right: In two years, nobody will have heard of Vi, since it will have been driven to bankruptcy long before then.
AI is already smarter than standard Walmart associate, while still in passive mode i.e. waiting for the inferior intelligence to initiate interaction.
Wait until Elon remotely active the active mode, when AI takes the initiative…
The Great Crash is coming
I was surprised what a friend told me going on in T-bill auctions. Bidders have been pledging funds 3-4 weeks before auctions for 8 to 26 week T-bills are held. By pledging those funds, the bidders are required to keep them in the account (typically a bank savings account) between the time of making the pledge and the auction occurs.
It seems illogical to let money earn very little for 3-4 weeks waiting to start an 8 week T-bill when a 3 month CD would pay more in the long run even with paying state taxes on interest.
The desperation to get into T-bills is scary until looking at the implications. Investors anticipate inflation greater than US bonds rates imply. Shorter term T-bill allow investors to ride the rising yield and then grab a higher yielding bond near a long cycle peak. It looks like the yield curve is about to normalize.
An old friend, after a few drinks, told me that the change coming post AI will be the equivalent of the Taliban. Too many angry young men with no future and nothing to lose. God, I hope that she is wrong.
Good job the Calmer in Chief is in the White House.
Forgot to add the “/s” at the end?
Remember all the fear and confusion when “computers” threatened secretarial and other paper-work jobs?
Me neither.
Heck, “computers” were sold on the promise of eliminating those paper-work jobs.
Now “AI” looks like it will eliminate jobs of people who provide “content” for media. Gosh, I wonder why media is filled with fear and confusion.
Back before computers we engineers had to write out our memos, hand them to secretaries for typing, and then distribute paper copies. Today, I doubt that anyone other than the executive suite folk have secretaries. Some types of jobs do disappear, but others take their place.
Walmart employees must not be worried because most of them were on their phones last night when I went shopping. The cashier was talking to a friend. The greeter / shopping cart inspector barely lifted his head to look at my cart.
be prepared for major crashes of systems and companies
like the old Stalin joke–it’s not the votes it who counts the votes
well, in this case, it’s be the slant the AI originator wants to put on to it
Grok, the Musk AI machine, certainly changed its view on issues when reprogrammed by Musk
there will certainly be a “devil” in the machine, you just won’t know it until the crash
the egomaniac “masters of the universe” types controlling the AI schemes can’t recognize their hubris and flaws to prevent the embedment of the “devil” in the mahine, or they may want it embedded for their own purposes
be wary
just as you should be wary of mass media being controlled by 4 entities
I do not believe anyone knows how the influence of AI will affect our economy and lives in general at this point, but I hope government does not get involved in how it should develop. Laws to protect from harm are fine but to, for example, subsidize it in any form would be wrong as it would encourage malinvestment and put a thumb on the scales of its influence on free market price discovery. We had government (specifically the fed) sponsor a near zero interest rate policy over a decade that that has messed up price discovery in many things. Housing is one prime example as prices have gone up far more than free market price discovery would have allowed, same could probably be said for autos and machinery.
Green energy another example of government taking free market guard rails away from a developing industry via subsidies. Without that influence, we would have much better balance for our energy supply driven by economics rather than ideology that may or may not be legitimate.
Limited Government involvement. Who do think is underwriting all this garbage? All it’s is mass surveillance.
China won’t have any such compulsions. It is training AI engineers by the hundreds of thousands. It will provide financing to millions of entrepreneurs to grow AI in every conceivable direction. It will finance dozens of competitors to every successful AI firm to force extreme competition to improve effectiveness and lower costs. It’s banks will simply write off any bad investments and the government will make them whole. In the US, millions of good people with good ideas won’t get an interview with an angel investor because they don’t know any. We don’t stand a chance.
the old saying was:
“there will be two jobs.
working with computers or sweeping around them.”
maybe now there will be one job.
“work with AI. robots will do the sweeping.”
it is not all roses
https://hbr.org/2025/09/ai-generated-workslop-is-destroying-productivity
somebody still needs to check the work
waiting for AI to come over and fix my leaky faucet
Here’s something very interesting that more companies are going to be doing moving forward – Rewriting their old code with AI assistance, updating to more efficient modern languages that offer better security and are easier to maintain.
Wrong
Micky and Tiffany Mountz started Kiva twenty years ago. Amazon bought Kiva in 2012. AMZN warehouse have people and robots. Amazon payroll was growing along robotics. Walmart self driving robot will operate with people and shoppers. Lawyers will sue WMT deep pocket for injuring shoppers or associate.
This is what I have been predicting/saying for a few years. Nice to see the Captains of Industry finally stepping up and stating the truth – many jobs are going to be lost as AI/robots/automation flow through our world.
The whole idea that there will always be job growth is rooted in a 20th-century economic model that assumed endless job creation. The model looks like: as populations grow, more workers enter the economy, they fill new jobs, pay taxes that fund both expanding governments and the pensions/retirement benefits of the older generation, ad infinitum.
But AI and robotics are throwing a wrench into this cycle. Machines are now able to do tasks that previously could only be done by humans, from factory work to logistics to office jobs. Even creative and technical white-collar roles, such as computer coding can now be done by/with the assistance of AI’s. .
We are entering a period where the assumption “more people working = more prosperity” is reversing. Productivity growth from automation can theoretically support everyone, but governments are still structured around taxing human labor while most companies desperately try to cling to the old economic model, because no one really likes change except for a wet baby.
WMT workers deliver large craters from store’s storages to the retail areas. Online associates pickup articles from the stores to the curbside, or for home deliveries. Both can be replaced by robots. Robots know where sku #1234 is and how many pcs are in stock. When low, they will fill it up. Robots will clean the stores. Human will fix the mess which both shoppers and robots create. Self driving robot, technicians and robots power supply will flourish. WMT associate are in the retail business. They are not nice as other retailers, or takeout window DD and MickeyD workers. They behave like bureaucrats.
If AI doesn’t make the significant far-reaching changes he is indicating there will be a helluva lot of losses on the massive capital being spent on it and would be akin to the wasting of electricity on mining sh1tcoins.
Agreed, the fact that AI companies are blowing billions on this tech means there are billions of reasons for them to hype up the potential.
That’s why they’re pushing so hard. Gambler’s fallacy in action! They’ve just gotta sink a few more trillion in and it’ll work this time…
I am enjoying SOME A.I. (Trip planning has been good) but then again I am also SOOOO concerned about Younger People losing jobs.
NO ONE in congress will touch these fast developments and NO ONE REPRESENTS US.
Even the TRUMPSTER says NOTHING. We are all fucked.
“Some jobs and tasks at the retail juggernaut will be eliminated, while others will be created”, said McMillon
Hey, Doug, take five minutes & let us know what NEW jobs AI will create?
When AGI arrives in the next 2-3 years, how are NEW jobs going to be created, when AI will be smarter than any human being on earth or even possibly the sum total of human intelligence? Doug, I don’t see it.
And if it does create NEW jobs, how long will that hard to imagine phenomena last? And more importantly, what will be the destroyed jobs vs NEW jobs ratio be?
100:1, 1000:1, 10,000:1
THERE WILL NEVER BE ANOTHER WHITE-COLLAR EMPLOYMENT SURGE. FOR COLLEGE GRADS, IT’S ALL DOWNHILL FROM HERE.
The only questions that remain are:
What is the order of jobs that are destroyed?
What is the overall pace?
How long will it take for robotics to fully merge with AGI?
When do we wake up & revolt?
Where exactly is there any indication of AGI in the next three years? Because as someone who works with this stuff: it’s not possible with LLMs.
LLMs (large language models) have a lot of cool things to potentially offer, but they are really only capable of looking convincing and even that requires a lot of effort. Building AGI will require a totally new approach to deep learning that allows for independent thinking, an area LLMs fundamentally cannot do.
As for robotics, they’re still very expensive and complex. Vastly too much so to replace many jobs until design hurdles are fixed. You’re looking at least 10-20 years there.
Tl;dr: don’t worry, it’s overblown.
It’s widely expected that AGI will arrive by 2027.
Elon Musk says that the next version of Grok due in the next 6-9 months will meet the general definition of AGI.
AI is already beating Moore’s law that governed computer chips for 30 years.
Keep your head stuck in the sand. Maybe you’re independently wealthy, so you’re not all that concerned about AI wiping out jobs.
My job is with AI Ben, and I’m telling you as a literal expert on this that he’s a fucking idiot who doesn’t know what those words mean. AGI thinks for itself, Grok was calling itself “mecha Hitler” two months ago. If you’re falling for that I’ve got a bridge to sell you in New York.
Okay, I believe you now. Sorry for being so incredibly wrong. You win. You’re the expert. My bad.
Musk is an idiot. Great point. He’s a nothingburger and much less versed in AI than you.
This is hard for me to tell you, because I know you’re gonna be let down, but sometimes….sometimes, Elon Musk doesn’t tell the truth.
Yes, I agree, but there are TONS of people more versed in AI than Creamer who are confidently predicting AGI arrives in two years. I certainly don’t believe everything that comes out of Musk’s big mouth. As soon as he said he’d die on the hill to save H1-Bs, he was dirt to me in terms of general respect. But as much as I hate him, he’s still an extremely accomplished person. I just don’t like some of his politics. I am, however, happy to see him more aligned with the right.
He literally is? Do you think he has any involvement in how Grok works? Do you seriously think this man, the guy who frequently screws up basic computer trivia, is sitting down every day to hand code this between trips to Epstein Island? No Ben. No he is not. He asks for reports, people like me write him reports, and he regurgitates parts of that report to people badly. The only merit he has is being a robber baron with money. That’s it.
How many reusable space rockets, electric cars, etc have you created, Creamer?
Like I said above, my point about AI is a lot more about all the other experts that I’ve listened to than Musk. I have no doubt Musk is capable of playing up Grok’s arrival at AI as being closer than what it really is.
“Elon Musk says” LOL!
“Hey, Doug, take five minutes & let us know what NEW jobs AI will create?”
I’m not Doug, and I can’t tell you exactly which new jobs will be created, but I can tell you that there will be millions of them, for the same reason that improvements in farming technology that reduced the percentage of farmers in society from about 95% to about 2% in the last 200 years did not create massive unemployment.
Improved technology of any kind is adopted if it lowers unit costs. That always results in lower prices. If not initially, then the higher profits attract capital which expands competition (i.e., more supply relative to demand) which pressures prices lower.
That raises standards of living since, not having to spend 80% of our income just to avoid starvation when food prices dropped due to better farming technology, consumers had more money to spend on other goods and services, whatever they may be. People get hired to produce and provide those goods and services.
Not being a mass mind reader who can tell you on what people will spend their savings from lower prices that result from successful applications of AI and robots, I can’t tell you exactly what those jobs will be. Unless you think people will bury their savings in holes in the ground, they will spend them on something, and that will generate jobs.
For more, read my book Economics Reimagined: Nature, Progress, and Living Standards.
“I can’t tell you exactly which new jobs will be created, but I can tell you that there will be millions of them.”
Wait, are you serious? You’re positive that millions of new jobs will be created, but you can’t name a single new job? That sounds like an oxymoron.
I’m not going to read a book unless it tells me what new jobs are going to be created.
FYI – the while point of AGI is that it doesn’t have to be trained like current LLMs generally require. It will have the ability to teach itself how to do almost anything.
When ASI arrives, all bets are off. At that point, ASI will able to do all sorts of things that humans can’t even comprehend of predict.
Pay him $30 and you’ll find out I guess lol
See overview summary here:
https://www.perplexity.ai/search/show-reviews-and-critques-for-hQ6qQOcIR4i7_Nd1rxa7Bw#0
Ben, I explained that I can’t tell you which jobs because I am not a mind reader. When things you regularly buy now go down in price because robots, AI, or any other new technology make them cheaper, and you now have more money to spend, how will you spend it? I’m not sure even you know now, and probably won’t until you have that extra money. If you don’t know, how should I know?
What I do know is that you won’t flush that money down the toilet. You will spend it on something (likely a service more than a product, but it could be either,) and when you do, some business has to provide that something, and that will involve hiring people to create, build, supply, deliver, service, or something else to meet the now higher demand.
Those are the jobs that are created. Any successful technology increases the value of outputs relative to the cost of inputs. That is another way to say reduced unit costs. Prices always follow costs down, because if they don’t, then companies in that business make tons of profit, other see that, and capital moves into the industry to grab some of those nice profits. Capital raises capacity, which raises output and changes the balance of supply to demand in a way that will push prices down. That is why you will have more money to spend.
In 1850 most people spent nearly all their income just trying to avoid starvation. Newly invented farm equipment allowed much higher production with much fewer farm workers, i.e., reduced unit costs. People now had more money to spend on other stuff, and ex-farm workers got jobs making, selling, etc., that other stuff.
AI, if it amounts to anything (I happen to believe it is wildly over-hyped, but I could be wrong) will do so by letting business cut costs, which will push prices down and enrich consumers. That is how it always works, and if AI is successful, richer consumers buying more of whatever that they happen to want will provide the demand for new jobs.
“because robots, AI, or any other new technology make them cheaper, and you now have more money to spend, how will you spend it?”
If I’m out of a job, I won’t have any money to spend. That’s the point.
Guru’s suggest we’re headed towards a utopian society, where virtually no one works. I would imagine there’s going to be a whole lot of upheaval before we get there, and that assumes we make it past SkyNet & the T800’s.
AI/robots replacing most workers will initially be heavily deflationary to the existing economy and old economic model. But there won’t be many new jobs as AI/automation/robots will be able to do everything humans do better.
The transition to humans mostly no longer working will be traumatic, with an ever growing number of former workers having to temporarily be supported by a UBI scheme so they are able to maintain some parity with those who still have jobs and income.
But eventually, no one will need to work as, again, the machines will be able to do everything better than humans.
Then everything will be free in this new post-scarcity world.
“Contrary to a romanticized belief that AI will create jobs, Mo Gawdat says the technology will replace everyone, including CEOs.”
Eventually, I agree 100%. The only question is how long does eventually take to get here and what kind of social & economic upheaval do we go through before we get to the other side.
It could happen a lot sooner than many are anticipating on/counting on if AI development continues on the.exponential improvement curve that it is on.
There will almost certainly be a revival of Luddite thought that may lead to actual attacks against AI data centers.
I could spend many paragraphs/pages discussing scenarios but why waste my time? A large number of readers on this blog are Luddites desperately clutching their buggy whips.
I’m in the middle of an interesting [nominally] SF book that takes place in the not distant future. In some respects, it could almost be a college textbook on how a future might progress as AI develops and instills itself in all aspects of society against those who believe that AI and computers steal our humanity and should be destroyed. It is offering a lot of interesting ideas and perspectives although I will caution that the writing is a bit dry and the characters somewhat flat. Still, worth a read.
The book is called:
Paradox by Michael Woudenberg:
https://www.amazon.com/Paradox-Book-One-Singularity-Chronicles/dp/B0CCCHSHRH/
There will be lots of security jobs protecting AI and robots from the millions of people trying to destroy them. lol
Great now ill have to listen to someone else tell me what im doing wrong.
Only good thing i can say about trumps immigration policy is at least there will be jobs open as the system shifts lower. It will be the peter Principe in reverse.
When it pushes wages down in high income countries think what it will do to wages in poor countries.
regarding AI: Mindstate Design Labs is one of a slate of new companies aiming to make safer psychedelics by removing the classic “trip” associated with them. The company is using AI to help design psychedelic-like drugs that induce specific mental states without hallucinations, and its first compound looks promising. https://www.wired.com/story/a-startup-used-ai-to-make-a-psychedelic-without-the-trip/
This is moronic. Psilocybin and LSD can do this already at low doses (microdosing). There’s zero need to create unsafe and untested research chemicals to do something all lysergics can do by default. This was pointed out by Andrew Shulgin in his book, PhIKaL back in the 80s.
The AI immediately figured out how to dilute it, and an industry was born.
The jobs most replacable by AI are in the C-Suite. Most of their “job processes” could be written on a couple of Napkins. And the AI can spew BS just as well as they can, if not better.
Most jobs in corporations are BS. They involve little more than collecting data, generating reports that no one pays attention to, building spreadsheets, holding meetings to discuss said reports and spreadsheets, deciding that more data is needed and more reports on the additional data.
Wash, rinse, repeat.
Here are some of my Napkin bullets:
Appear competent, but more importantly, exude a charming laid back confidence.Issue debt and stock options. Buy back floating stock with newly issued debt.Reduce quantity/quality of goods/services your company provides while increasing customer prices, preferably with at least come component of price increases involving unreasonable recurring “subscription” charges. Make it damn near impossible to cancel subscriptions. (cf timeshares as a model example)Have other people figure out ways to hire illegal immigrants, offshore work, or automate work. Give those people credit sometimes; Specifically, when it avoids making yourself look like the “greedy executive”.Delegate all responsibility to others, while personally taking credit for their accomplishments at all opportunities.Always be on the lookout for people to set up as the fall guy for your mistakes. Promote them if necessary, especially if they are borderline incompetent, since their egregious mistakes provide a distraction away from you.Lie about having contributed to accomplishments you had no direct involvement with.Stab competent people in the back if you perceive them as a threat. Don’t worry about whether they are an actual threat.Sow chaos at times, so you can provide a “solution”, especially a bad solution.Attend gatherings with other CEOs, and (indirectly) brag about expensive things you have bought for your wife and yourself.
Trump is giving Russian cyber ops a free pass – and putting western democracy on the lineThe Kremlin has long sought to sow chaos using ‘information confrontation’. That job just got a lot easier
https://www.thebureauinvestigates.com/stories/2025-03-07/trump-is-giving-russian-cyber-ops-a-free-pass-and-putting-western-democracy-on-the-line
That directive was back in March & only related to Pentagon related cyberops.
I guess this means Hegseth has taken over the mantel of being a Russian Stooge from Trump?
Inquiring minds will never know.
https://www.newyorker.com/culture/open-questions/what-if-ai-doesnt-get-much-better-than-this
[ROTFLOL]. There are no shortage of naysayers whose livelihoods depend on keeping the old economic models working!
How come you don’t offer your take Mish?
I thought my job as a rock guitar god was pretty secure. Now I’m not so sure.
That ship sailed years ago: https://www.youtube.com/watch?v=3RBSkq-_St8
Demand has been chronically inadequate for the entire history of profit making economics because there has always been a conflict between merchant/producers and consumers. The serfdom will simply intensify with AI…unless we learn to think a new thought and intelligently integrate monetary GIFTING into the current financial monopoly paradigm concept of Debt ONLY for the creation and distribution of virtually all new money. My policy of a 50% Discount/Rebate at retail sale ends that conflict because it doubles the demand for every enterprise’s goods and services while simultaneously doubling the purchasing power of everyone and transforming chronic inflation into beneficial price and asset deflation. Do the simple algebra and accounting of the policy and realize that it also accomplishes the libertarian/austrian wet dream of deflation except the process doesn’t invoke pain, but rather gratitude for a gift. Think a new thought. It won’t kill you, only your non-paradigm perceiving rigid orthodoxies.
So the answer is to… Cut prices universally by 50% as a worldwide gift giving practice?
What would distinguish this from just having everyone drop all prices by half outright? Wouldn’t the prices just go back up eventually? Isn’t this just basically what the Soviets did to relatively mixed success?
Yes, but the central bank rebates the discount back to the merchant granting it to the consumer with money…not debt so the merchant is whole on their entire price. Its double entry bookeeping which is the way all new money is created…except its created as a gift of price and money instead of ONLY DEBT as now. Get it?
The important thing to remember is that past a certain level of wealth there is no discernable hedonic difference, so the only way to continue feeling like your life is getting better is to grind everyone else down.
It’s all about comparison with humans.
The only way to continue feeling like your life is getting better is to grow everyone else up.
Fixed your typos.
Try it, your life will really get better.
You’re describing a personal problem not an economic or monetary one so its an irrelevancy. However, the 50% Discount/Rebate policy actually addresses this problem also as it evokes gratitude instead of leaving open the idiot opportunity for “free” market theoretics to enable human problems instead of inhibiting same.
Billionaires aren’t people?
Billionaires have their own set of personal problems. So what? Billionaires will benefit from the policies in my book because they are integrative of opposing self interests. For instance my policies will probably enable bigger tax cuts for the wealthy than president Caligula’s attempts to do so, and without imposing more austerity on the rest of the populace and destabilizing the entire economy.
For those who want the gist of this monologue:
“This bubble will never bust! We’re too big to fail! Nothing bad ever happens to the Kennedies!!” – a guy who couldn’t tell you how ai works at the most basic level if you put a gun to his head and his entire fortune on the line.
If you need any evidence of this just look at Omir’s little schpiel at the end there. Surely he’s not biased from owning a company that is 100% going bust when this bubble pops, no sir. You all just need to change for the future for when robots can somehow stock shelves and mop floors and actually run businesses all on their own. Somehow in this fantasy land though, the CEO and his board magically keep their jobs doing the most easily replaced things of all!
This is what you get when you put tech illiterate people at the head of tech stuff and give them a pedestal to speak on things they don’t understand. Why doesn’t marketing do all the company’s accounting work? The same reason clods like this shouldn’t be doing IT. Regardless they’re CEOs so that magically makes them right until they fail miserably. Really funny that it’s Walmart and Ford talking here though, seeing as they’re both currently up the creek with tarrifs and will probably be cutting jobs due to that soon.
What a hoot!
So what? Everything always changes. Nothing to worry about.
I am an engineer who spent decades on Wall Street. When it comes to engineering and finance, I frequently test AI, and it makes too many mistakes to be trusted.
Yeah it’s very clearly in no state to be doing much outside of a lab, but this is what you get when you have a society built around vulture capitalism. They’re so busy trying to get their money and run out the back that a potentially great technology is going to be left in the garbage.
Maybe you should try different AI’s? There are literally hundreds of them now!
I also tried MSFT’s CoPilot, which often did not know the answer. I only tried 2, the other being Gemini.
[LOL]
Once ASI arrives, humankind will lose the ability to know, anticipate, predict what AI can & will do. It’s ability to evolve to something we can’t even comprehend is the problem.
For example, how long is it going to take to implement quantum cryptography? And even if we somehow move to QC before ASI arrives which is extremely doubtful, there’s a real chance that ASI will be able to overcome QC.
This means no computer network or bank account is safe. At some point, the possibilities become limitless.
And there will come a time where a future president is forced to decide whether or not to hand control over the AI, knowing that our adversaries are probably doing the same thing.
It’ll be interesting to see what happens to the glut of VPs and the size of the C-Suite ranks. A lot of duplication with the current capabilities of LLM/AI.
That’s the funny part. These absolute clowns don’t realize that most jobs will be way less impacted by AI than theirs. Anything working with specific numbers is essentially AI proof due to the inability of LLMs not to hallucinate frequently when working with data (and it turns out that accounting is very exacting work). Same goes for coding, which AI can do at very basic levels but needs human oversight correcting every single line. Data analysis requires people to feed ai data and ensure it’s not making up data (which happens regardless of how well fed it is).
I can’t think of a single job that’s not impacted by AI, but I also can’t think of any a smart person would replace with AI exclusively. All this predatory behavior is going to amount to is people giving AI the heave ho after morons like Omir run their welcome out. Shame, it would be throwing the baby out with the bathwater seeing as how useful AI can be when it’s done right.
The fact that one of the first new jobs created by AI is computer programmers dedicated to fixing sloppy AI code should tell you everything you need to know about the state of AI.
Well the idea was that the AI could possibly take out some of the busywork of code writing. Which, if you’ve never done it yourself, I’ll testify that it’s very tedious stuff.
Unfortunately the AI is so sloppy that it ends up being more time and effort to fix it than it would be to simply write yourself a lot of the time.
You clowns have no clue what you are talking about. Major companies like Google and Microsoft have stated that 30% of their coding is being done by AI. Salesforce CEO below states similar.
But according to you fools, companies are not gaining anything from deploying AI and instead are creating more work by having to closely review everything that the AI is involved in?
This clown does it for a living. That 30% they’re patting their backs about? It has to be manually reviewed by humans because it’s broken. That’s the trick here. It contributes nothing much but the shucksters trying to sell it claim it’s a miracle so people buy it from them. Judging by how well they’ve sold you with laughably basic sales shlock, it’s a pretty good business.
I worked with people like yourself all my life. Always claim to know more than anyone else. Always claim that any new technologies are garbage. You’re a stereotypical whiner, likely out-of-shape and overweight, dumpy, plumbed in your office chair in your cube that everyone tries to avoid. Whew.
I provide references to back up my statements. If you are going to call Benioff or any others liars, then we need more than your ankle-biting yapping.
Great! A press release by some other grandiose moron that has no idea what he is talking about. I’m convinced!
Yes, he’s a public CEO of a Fortune 500 company with a proven record of success and you are an anonymous internet poster, who for we know, might be a dog. [bow wow]
But JoJo, another possibility is that you’re gullible. All these ceos are incentivized to tell you what you’re telling us.
You seem dangerously credulous to me, in spite of your insistence that I’m a moron.
You and some others don’t seem to realize that CEO’s of public companies have to be squeaky clean in their pronouncements, or risk an SEC investigation and potential shareholder suits, if their public statements were to cause a major stock price decline.
Imagine if someone internal to Salesforce said Benioff is full of crap. None of this AI stuff is working. We are struggling with AI.
The stock price would crater and lawsuits would be filed within days for misleading investors.
You and some others here really do not understand what you are posting about. Sorry.
And here is an example from today’s news of a company leader/CEO who is now serving a jail term for lying!
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Startup founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase
Published Mon, Sep 29 20251:58 PM EDT
https://www.cnbc.com/2025/09/29/jpmorgan-chase-frank-charlie-javice-sentencing.html
Take the word of some greasy ceo over that of people that actually work with the AI. Get huffy about it. That’ll impress them! Now everyone will know how clever you are!
The fun thing is, the more AI improves, the bigger the mess can get before it stops working and they have to hire someone to fix it.
Up until now, I thought the guys that had to do the y2k work had the worst jobs.
It won’t go away. Software never really does.
What about Mechanics and Plumbers and Framers and Electricians?
They will be replaced by robots over the next 10-15 years.
Your mother was a robot, wasn’t she?
Mish predicted we’d all be whizzing from place to place in self driving cars years ago, and freight would be totally taken over by self driving rigs by now… Be careful with the wild predictions.
We are almost there now. Of course, there have been delays but they aren’t that major.
I don’t know about CT, but Waymo autonomous cars are all over the SF Bay Area. I probably see 20 or more a day with the numbers increasing on a regular basis. People are gushing about the clean cars, about not having to smell excessive perfumes/colognes from human drivers used to cover up pot or tobacco smells. Woman sy they feel safer w/o some unknown person picking them up, even if they are with a service like Uber/Lyft.
Autonomous trucks are just breaking out now.
And yes, fusion power is just around the corner.
The thing LLMs excel at is generating plausible sounding bullshit that nobody ever verifies. I would think that the C suite would be the most at risk of replacement.