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The Tokenpocalypse Is Here: Companies Are Scrambling To Stop Spending So Much on AI | Leaked audio from Accenture says a big source of AI token ‘chewing’ is people just converting PDFs to presentatio… (www.404media.co)
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[-] DandomRude@lemmy.world 56 points 15 hours ago

The problem seems to be that it takes competent employees to get anything useful out of an LLM in the first place. However, it is these very employees whom the greedy CEOs want to replace. So the result is that an incredible amount of money is being spent on absolutely nothing.

The logical conclusion, then, should be that it would make more sense to replace these useless CEOs with AI. Since they’re just making idiotic decisions for a lot of money anyway, there could be lots of savings.

Unfortunately, however, that will never happen, because contrary to all that talk of KPIs and such, what really matters in the upper echelons of management is never efficiency, but rather ruthlessness and brown-nosing.

[-] glarf@lemmy.world 21 points 14 hours ago

I recently learned of a term "reverse centaur" and found the ideas in that article were very entertaining as a way to explain why CEOs are obsessed with LLMs. The author of the book being interviewed has a few hot takes that I think are pretty relevant here too. https://arstechnica.com/gadgets/2026/06/how-to-burst-the-ai-bubble-strike-at-its-roots/

[-] DandomRude@lemmy.world 39 points 14 hours ago

Indeed!

“The bubble doesn’t want cheap useful things,” Doctorow said. “It wants expensive ‘disruptive’ things: big foundational models that lose billions of dollars every year. When the AI investment mania halts, most of the models are going to disappear, because it just won’t be economical to keep the data centers running. The collapse of the AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the stock market, and they endlessly pass around the same $100 billion IOU. AI is the asbestos in the walls of our technological society, stuffed with wild abandon by a finance sector and tech monopolists run amok. We will be excavating it for a generation or more.”

I think that pretty much sums it up.

this post was submitted on 25 Jun 2026
562 points (100.0% liked)

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