this post was submitted on 12 Jul 2024
305 points (100.0% liked)
Technology
37799 readers
85 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That's what I am saying. The buyers wildly misunderstand it. The seller presents it with a very effective and misleading pitch.
Look at the Intuit CEO who just fired 10% of their labor to pivot to AI to um, "give financial advise." And then goes on to say any other company who doesn't do the same will fall behind and fail. Time will tell but I am going to go with, people will laugh when Intuit is on fire.
I suspect Intuit fired those workers for other reasons (free file) and are using AI as an excuse because to admit that free-file is an existential threat to their business is to admit that their company has no long term business prospects.
That seems entirely plausible for the staffing change. But Intuit is more than their tax software for example Quickbooks isn't going anywhere. I am sure they do other stuff, probably payment processing and I don't know what else. So they will survive at some level, it would be hard to kill Quickbooks.