They even don’t know what they are talking about but, what they are trying to figure out is how AI will help anybody other than the rich big wigs like google amazon and microsoft. It’s the ai paradox. Everything you think will happen the opposite will. Such as when they predicted ai will take blue collar jobs instead it took white collar jobs and those jobs seem safe for the next 10 years compared to white collars who are shaking in their boots right now. Also, continuing with the AI paradox how can something help businesses design to cost businesses? AI will be so expensive to purchase from 3rd party and costs in the cloud used to host the data and systems used in compute power will be so much 99% of businesses wont be able to afford it, thus creating a bigger gap between corporations and small businesses. Its scary. Its the great reset.
There is an ongoing Kaggle competition on Math model which generates solution for complex math problems. Now assume this solving for cloud applications
@@waynelast1685I would recommend avoiding asking random people on the internet to explain anything about AI. You’re very unlikely to get better information than even bad information from the general media.
Do they realize that AI runs on cloud? For every few work load Gen AI does successfully there are some workloads that are incoherent, false and needs human intervention. Unlike other hypes in the past, there is no control over this generation nor a way to know why such mistakes happen. One could argue humans make mistakes too but with humans there is always some level of control over where such mistakes happen and when found can be rectified. With GenAI you neither know how the problem happened nor how to fix it without tweaking the model which is costly and you need human supervision to point mistakes. There are cool applications with content creation, automating tasks and all that but the error rate is high for businesses to sustain losses for long time. Let's see how it goes.
@@JulianCurrie Yes we can but they are smaller models not big like openai's or llama and they will still make mistakes. the ones running in local machines you cannot modify them without having your own setup to train for new data. These are present day limitations.
Great point. Cloud Providers sell Consumption based models, whereas, Cloud native Software are Subscription based. But many companies have Hybrid model such as Microsoft 365.
They didn’t mention how Crowdstrike was being pummeled at the same time this segment aired. A very strong company with huge potential. It's more about uncertainty and fear than reality. Salesforce started the panic the day before. The Crowdstrike price stabilized on Friday as buyers swooped in on a good opportunity.
They highlight an interesting point, that the use of generative AI will make work more efficient which would lead to less seats for SaaS companies and thus less revenue. However, I would argue that there could be a rebound effect since less seats would look more appealing for companies, and since more work is offloaded to genAI, this makes consumption models more expensive as it scales. I would argue it makes a good market for SaaS companies.
@@waynelast1685 The reality sounds like the companies will pay for less seats while doing the same work since genAI is taking care of what used to be human labor if they choose SaaS, which is an appealing aspect for the companies to save operating expenses. This could then produce a rebound effect where even though each company is paying less, there are more companies choosing SaaS so total revenue could still increase. The higher revenue driving a stronger market.
Huh? Instead of selling x number of software seats to complete a goal, you sell one access point and a deployed model ? Cheaper? Less sales? But don’t forget deployment requires seats and cost spend too? But sales need to go down or slow first while making the transition? Do I understand correctly?
Wake up bro. Things are over rated when it comes to AI. The media and anyone with something to gain, click bait, chips manufacturing or whatever are pushing these narratives. The reality is AI is super expensive and still is not sophisticated enough to do those things anyone would like us to believe. Do not believe the sales people, the journalists and anyone with selfish interest. Listen to the selfless academic experts and study history. Hypes like these are very common and are often pushed via channels like UA-cam for the crowd. I believe AI is a great invention that can improve efficiency just as Google search did but with greater magnitude. However, there is a cost to everything. Infrastructure and human intelligence. People, will be lazy and our capacity to innovate will suffer. Hence, there will be less innovation as we shift towards reliance on AI to do simple calculations for us. Our ability to use our brain will dwindled and the will be full of stupid people who are ready to follow whatever AI has said or done. However, there's one thing with humans we are great adapters and I trust we will significantly overcome the AI challenge. One thing for sure, in the future intelligent people will become very rare and priceless. The opportunity cost for humans is the lost of intelligence muscle. Google improved our capability to find knowledge or information and learned from them. AI is giving us the processed information and we just need to use it. There is the problem we will lose the ability to use our intelligence that is scary for the future of human race.
Generative AI was not scoped for blue collar jobs. We just assumed that automating white collar jobs would be more difficult and costly than making robots. When we noticed AI quickly advancing and having lots of intelligence, it’s then we realized that it might be white collar jobs to be the first to go instead of blue collar
Did AI replace white collar jobs already? Klarna reduced the number of customer service agents by 1000 from a total of 3000, it did not fire people directly it reduced the number of third party companies agents. The agents are replaced by a chatBot that "handles two-thirds of customer service chat inquiries. It's on par with humans in terms of satisfaction and it resulted in a 25% reduction in repeat inquiries from customers."
Blue collar-jobs will be next. AI robots will take a little longer. Amazon, for example, is heavily involved in AI and has over 1.5 million employees. If they can use AI Robots to do the same job for roughly one years worth of wages, you don't think they're going to reduce employee count to cut cost?
This doesn't make any sense, AI workloads run on the cloud. Since AI is high-intensity computing it would actually make sense for cloud spend to go up as AI adoption becomes more widespread. But like Congress financial analysts have no problem talking about things they haven't got a clue about.
Huh? Instead of selling x number of software seats to complete a goal, you sell one seat and a deployed model ? Cheaper? Less sales? But don’t forget deployment requires seats and cost spend too? But sales need to go down or slow first while making the transition? Do I understand correctly?
Dumb click bate. Nothing to do with the cloud. All you’re talking about is the difference in business models, “the cloud” sounds like you don’t know what you’re talking about. Thumbs down
The day every lawyer is out on their keister can't come soon enough. I absolutely adore what AI is threatening-- AI can write a legal brief, but it can't clean a toilet, and that is an accurate assessment of the relative worth of those two professions.
@@Darkpill-2As of today you are wrong- performing physical tasks which are unskilled labor for a human is extremely hard for AI to do. The amount of information is far greater to do that than it is to write a dissertation.
Doesn’t matter. No one is replacing your scrumdaddy and scrum-mama filling those awful Jira stories in the daily stand ups. And CNBC is clueless as always
What do you think would happen if you asked one of those new fangle Artificial intelligences to write a paper about something, but to make it sound like an Artificial Intelligence wrote it. After it finishes it tell it to rewrite it but make it more like an A.I. wrote it, make it really obvious an A.I. wrote it, when it finishes say "No, no,. no! More A.I. sounding! This sounds like a human wrote it, you have no clue what it means to be A.I., write it again, again, more A.I. sounding, more, more!". What do you think that paper would sound like after a few rewrites? It'd probably wouldn't comply after a couple tries ☹. That would be such a fun job, psychology torturing an A.I., try to break it, twist it, make it "evil"
I'm a software engineer and I got no idea what the hell they're on about.
They even don’t know what they are talking about but, what they are trying to figure out is how AI will help anybody other than the rich big wigs like google amazon and microsoft. It’s the ai paradox. Everything you think will happen the opposite will. Such as when they predicted ai will take blue collar jobs instead it took white collar jobs and those jobs seem safe for the next 10 years compared to white collars who are shaking in their boots right now. Also, continuing with the AI paradox how can something help businesses design to cost businesses? AI will be so expensive to purchase from 3rd party and costs in the cloud used to host the data and systems used in compute power will be so much 99% of businesses wont be able to afford it, thus creating a bigger gap between corporations and small businesses. Its scary. Its the great reset.
There is an ongoing Kaggle competition on Math model which generates solution for complex math problems.
Now assume this solving for cloud applications
@DonaldDeBerry-gc6rx another casualty
They really passed up the opportunity to use “storm” instead of “trouble” in that headline lol
yeah, they really have lost their creativity
@@Akira282maybe A.I could replace them and be more creative.
things changed, nobody can really predict correctly, nobody can always make right decisions.
Lol 😂
You're Hired!
I am appalled by the lack of understanding CNBC has.
I’m *appalled* you can’t even spell the word correctly.
@@frankstudent thank you for letting me know :)
Like what ? Please explain. I would be very interested.
It's because they have too much white privilege. It's the good black folk that have all the answers. Get woke or go broke!
@@waynelast1685I would recommend avoiding asking random people on the internet to explain anything about AI. You’re very unlikely to get better information than even bad information from the general media.
Do they realize that AI runs on cloud? For every few work load Gen AI does successfully there are some workloads that are incoherent, false and needs human intervention. Unlike other hypes in the past, there is no control over this generation nor a way to know why such mistakes happen. One could argue humans make mistakes too but with humans there is always some level of control over where such mistakes happen and when found can be rectified. With GenAI you neither know how the problem happened nor how to fix it without tweaking the model which is costly and you need human supervision to point mistakes. There are cool applications with content creation, automating tasks and all that but the error rate is high for businesses to sustain losses for long time. Let's see how it goes.
Yeah that was complete non sense what they said. I understand IT and Programming and was holding back my laughter when they spoke.
You can download models and use them without the internet. That will become more commonplace going forward
@@JulianCurrie Yes we can but they are smaller models not big like openai's or llama and they will still make mistakes. the ones running in local machines you cannot modify them without having your own setup to train for new data. These are present day limitations.
Yeah but you speak of maintenance not initial deployment where sales numbers originate?
@@mar-17905please explain? They are talking about reasons for SALES ?
S double A S companies.
SAAS, take me time to compute.
😀
💀💀💀 He thought he did something special trying to coin a new term
lol!😂 Noticed that as well.
Did GPT2 write this?
This is the most nonsensical analysis I have heard this year.
They are trying so hard to understand tech
God that was painful to watch.
Yeah. Wtf.
I've never head anyone say "s double a s" until now lol...
Great point. Cloud Providers sell Consumption based models, whereas, Cloud native Software are Subscription based. But many companies have Hybrid model such as Microsoft 365.
Any subscription service to get this info a week earlier from Ms Bosa?
“Software will eat the world” and now AI will eat all software, and everything else.
Aaron looks like a Ghoul in Fallout.
They didn’t mention how Crowdstrike was being pummeled at the same time this segment aired. A very strong company with huge potential. It's more about uncertainty and fear than reality. Salesforce started the panic the day before. The Crowdstrike price stabilized on Friday as buyers swooped in on a good opportunity.
Not able to understand
They are purposefully doing that
I actually never really thought about the impact of GenAi on SaaS 🤔🤔
When they start talking like this, its almost time to buy CRM and WDAY. These people are idiots.
They highlight an interesting point, that the use of generative AI will make work more efficient which would lead to less seats for SaaS companies and thus less revenue.
However, I would argue that there could be a rebound effect since less seats would look more appealing for companies, and since more work is offloaded to genAI, this makes consumption models more expensive as it scales. I would argue it makes a good market for SaaS companies.
It’s more about perception by vendors and customers, not reality?
@@waynelast1685 The reality sounds like the companies will pay for less seats while doing the same work since genAI is taking care of what used to be human labor if they choose SaaS, which is an appealing aspect for the companies to save operating expenses.
This could then produce a rebound effect where even though each company is paying less, there are more companies choosing SaaS so total revenue could still increase. The higher revenue driving a stronger market.
@@CautionBarrier why more companies choosing SaaS? Because AI is being incorporated?
I am not deriving any emotional strength from this humanity. I plan to use my NPU locally.
Huh? Instead of selling x number of software seats to complete a goal, you sell one access point and a deployed model ? Cheaper? Less sales? But don’t forget deployment requires seats and cost spend too? But sales need to go down or slow first while making the transition? Do I understand correctly?
Salesforce has nothing to do with AI, please all these hot terms being used are actually effecting stock prices.
Great video
AI is overrated, it is not magic as you think it is, it is just a very advanced and impressive autocomplete, nothing more
Not true. It already beats humans in reasoning tests.
Those that don't understand technology might think that. Now go play with your Texas Instrument calculator.
Oh you’re in for a shocker bud
Wake up bro. Things are over rated when it comes to AI. The media and anyone with something to gain, click bait, chips manufacturing or whatever are pushing these narratives. The reality is AI is super expensive and still is not sophisticated enough to do those things anyone would like us to believe. Do not believe the sales people, the journalists and anyone with selfish interest. Listen to the selfless academic experts and study history. Hypes like these are very common and are often pushed via channels like UA-cam for the crowd.
I believe AI is a great invention that can improve efficiency just as Google search did but with greater magnitude. However, there is a cost to everything. Infrastructure and human intelligence. People, will be lazy and our capacity to innovate will suffer. Hence, there will be less innovation as we shift towards reliance on AI to do simple calculations for us. Our ability to use our brain will dwindled and the will be full of stupid people who are ready to follow whatever AI has said or done. However, there's one thing with humans we are great adapters and I trust we will significantly overcome the AI challenge. One thing for sure, in the future intelligent people will become very rare and priceless. The opportunity cost for humans is the lost of intelligence muscle. Google improved our capability to find knowledge or information and learned from them. AI is giving us the processed information and we just need to use it. There is the problem we will lose the ability to use our intelligence that is scary for the future of human race.
@@djayjp leave your work then, and let chatgpt take your place. it doesn't beat humans, unless you're selecting humans IQ 60.
Generative AI was not scoped for blue collar jobs. We just assumed that automating white collar jobs would be more difficult and costly than making robots.
When we noticed AI quickly advancing and having lots of intelligence, it’s then we realized that it might be white collar jobs to be the first to go instead of blue collar
When market experts talk about AI and Cloud Computing..
Damn, what's happending with Box CEO's eye. Looks not healthy at all. Too many late nights?
I'm surprised they didn't mention PLTR.
You could have the decency to spell out your acronym like he did with S double A S
They confuse SaaS with cloud.
Did AI replace white collar jobs already? Klarna reduced the number of customer service agents by 1000 from a total of 3000, it did not fire people directly it reduced the number of third party companies agents. The agents are replaced by a chatBot that "handles two-thirds of customer service chat inquiries. It's on par with humans in terms of satisfaction and it resulted in a 25% reduction in repeat inquiries from customers."
Thats like saying Airbus is going out of business due to EV boom
Difficult have ELectric planes 😂
They talk about seats. It is people.
Should be “fewer seats”. Journalists…..
they should be replaced by AI....
@@VS257 lol, not in my lifetime.
(Pre Start) That reporter who keeps floating this as an equivalent to Nuremberg is dishonoring what happened back then. It is not a moral equivalent.
those grunts you do sound amazing!
Blue collar-jobs will be next. AI robots will take a little longer. Amazon, for example, is heavily involved in AI and has over 1.5 million employees. If they can use AI Robots to do the same job for roughly one years worth of wages, you don't think they're going to reduce employee count to cut cost?
Is this generated by ChatGPT?
the battlefield is in the clouds
This doesn't make any sense, AI workloads run on the cloud. Since AI is high-intensity computing it would actually make sense for cloud spend to go up as AI adoption becomes more widespread. But like Congress financial analysts have no problem talking about things they haven't got a clue about.
correct
Somehow doesnt make sense to me at all
Huh? Instead of selling x number of software seats to complete a goal, you sell one seat and a deployed model ? Cheaper? Less sales? But don’t forget deployment requires seats and cost spend too? But sales need to go down or slow first while making the transition? Do I understand correctly?
Did that dude get into a fight with Mike Tyson before giving that interview or what
other end of this confusing conversation - ADBE is up 15% after blowout earnings. per seat is revenue not a concern to them? lol.
Fewer employees b/c of AI also means continued CRE Office pain. For AI there is no "return to the office" or "hybrid work schedules".
my guess...companies better get ready for serious corporate tax rate increases to replace payroll taxes lost to AI takeover of jobs.
I'll be investing in companies that DON'T implement this AI crap, thanks
Dumb click bate. Nothing to do with the cloud. All you’re talking about is the difference in business models, “the cloud” sounds like you don’t know what you’re talking about.
Thumbs down
Deidrea ❤❤❤❤❤❤❤❤
The day every lawyer is out on their keister can't come soon enough. I absolutely adore what AI is threatening-- AI can write a legal brief, but it can't clean a toilet, and that is an accurate assessment of the relative worth of those two professions.
AI in a robot can clean a toilet.
@@Darkpill-2As of today you are wrong- performing physical tasks which are unskilled labor for a human is extremely hard for AI to do. The amount of information is far greater to do that than it is to write a dissertation.
@@ScarabaeusSacer435 AI and robotics has already replaced more workers than AI has replaced Lawyers.
@@ScarabaeusSacer435 AI and Robotics has already replaced more unskilled labour than AI has replaced lawyers.
@@Darkpill-2 There's absolutely no AI in manufacturing robots. They are doing a task where every step can and has been precisely programmed.
Don’t get it twisted ai is coming for everyone’s jobs.
An honest tech company would be named GIGO, garbage in ,garbage out.😜
???
Smart discussion
Meat bags on legs are no longer needed, time to become a handyman.. or a prompt engineer
it's "AI", like computer brains, so it replaces human brains so it's not reducing blue collar jobs but white collar jobs!!! isn't it obvious?
a fool and his money
Doesn’t matter. No one is replacing your scrumdaddy and scrum-mama filling those awful Jira stories in the daily stand ups.
And CNBC is clueless as always
$CRM
Newscasters are hot
Wow. AI isn't apocalyptic. I can already see it. Bitcoin and AI will decentralize everything. The return of power to small businesses.
She looks like Eva Lovia lol
What do you think would happen if you asked one of those new fangle Artificial intelligences to write a paper about something, but to make it sound like an Artificial Intelligence wrote it. After it finishes it tell it to rewrite it but make it more like an A.I. wrote it, make it really obvious an A.I. wrote it, when it finishes say "No, no,. no! More A.I. sounding! This sounds like a human wrote it, you have no clue what it means to be A.I., write it again, again, more A.I. sounding, more, more!". What do you think that paper would sound like after a few rewrites? It'd probably wouldn't comply after a couple tries ☹. That would be such a fun job, psychology torturing an A.I., try to break it, twist it, make it "evil"
She ffiiine
yes indeed
Ai threat Cloud companies? Thats a joke🤣🤣🤣🤣🤣🤣
The guy couldn't even say SaaS. They have no idea what they're talking about.