What gives pause is that these applications are just starting. Some are less than a year old. Project yourself ahead just a few years. How long until bots are doing most of the work? Not that long. A single AI application will soon easily perform the research, calculations, analysis and problem solving that dozens β hundreds - of high-paid Harvard MBAs have been doing on Google and spreadsheets for years.
Firms like Goldman Sachs and UBS can not only save thousands of hours of time using AI but will be able to make better, more profitable decisions. Why hire a Harvard MBA when you can have a robot do the work in their place and do it better, round-the-clock and without the need to cut holiday bonus checks?
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It's not going to happen because the kind of work an MBA does isn't meaningful anyway and they and their paymasters know it. If you were a CEO of a company and you wanted to minimise the cost of your bankers without affecting the work being done you didn't need AI to do it - you could just fire them all. No one does though because it was never about actual work, it's about jobs for the boys and intra-class social maneuvering, and until AI can own a house and be smug that it has more yachts than you then it's no fun to let AI do rich people work.
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the fun part of being a high level banking exec is making a bunch of smug Harvard kids your bitches by forcing them to do minor edits on spreadsheets and slide decks at 4 am Sunday morning.
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sure but you wouldn't know anything about that sparkmonkey
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Excuse you, but my advanced, multidimensional Big Dataβ’ could never be represented in a primitive Excel sheet.
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we use csv.
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Eh, chatGPT let me avoid bringing in a team of consultants to draft a project plan, enough that I could take it and turn it into a full project plan in a couple of days and I got a promotion to lead and execute it. I didn't even hide that I used chatGPT for it, I straight up told my C suite and ended up with a ~30% raise lmao
We're even feeding a private instance of GPT all of our SOPs and system documentation to create a helpdesk. Hoping that works but if not then whatever.
Obviously if you use it to replace your own work rather than treat it like a gopher-intern, that will bite you in the butt.
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I think that's partially Elons success strategy, that and being able to tell when engineers are bull-pooping you
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Lol, these type of shit stories come every once in a while. When Kasparov was beaten by Deep Blue everyone declared Chess a dead game. Yet today it is swimming in more money than ever.
Yes AI is going to cut jobs, but only those of already dead inside retail banking workers. The article says "Goldman Sachs fine tuned its internal data to fit LLMs" . the devil is in the details. Who's going to help them fine tune that data? Those same MBAs.
!commenters main takeaway - This article itself was written by ChatGPT. OpenAI gives free access and unlimited usage capabilities to all major newspapers on the condition that they publish a certain number of articles on how AI is going to change the world.
Source - I work for a newspaper. (Γ deliver them)
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In the dystopian future the number one job keeping humans employed will be Fact Checkers for all the AI shit we produce.
That's right, so you better submit your CV to Snopes or BBCVerify as soon as possible because the more work experience you have now the better off you'll be later.
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I keep telling people, Trump is sitting on a gold mine and he's too r-slurred to even realize it let alone make it happen. If he didn't waste a metric ton of money on whatever his version of Twitter was called, he could have (and still can) declared that Snopes has a liberal bias and make his own version of Snopes. Sell ads, collect data, make a premium version where true patriots can know the truth ahead of regular shmucks, etc. He could have made a billion dollars overnight.
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Humans are highly adaptable and wingcucks are usually too blind to realize this. AI won't change much on this front, no matter how better it is in some aspects, people will just move around it and society will eventually adapt like it always did
!grillers we'll prevail like we always do!
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Nothing ever happens!
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Oh okay that's fine I guess
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TOTAL MBA DEATH
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What's wrong with MBAs?
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Any one who loses their job to a fricking AI deserves it and they should find something else to do
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T. Person who will lose job too AI in <5 years
Furry rights are human rights
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He's Indian he is the AI
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Why do you hate @zombiedick?
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Can tell this guy is a loser with a degree from some no-name university because he has no idea what Harvard MBAs are actually for.
No one who is getting an MBA from Harvard or equivalent is looking for a job. They are doing it because they are already employed as "Senior Manager, Brand Operations" at Big Corp and are looking for a promotion to "Vice President, Brand Operations".
The Wall Street or Consulting chasers are getting MBAs at mid-level degree mills because they're stuck in crappy lines of work. I'm pretty sure the vast majority of hires at the likes of Goldman Sachs are people with new grads with Bachelors in Mathematics or Hard Sciences
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On point. MBAs are also career breaks/transitions and a chance to network/get married for people who have been working 110 hours a week since 22.
IB is still leaning towards undergrad business as far as I know, but consulting has definitely swung towards recruiting hard sciences. Tax is the only one I think still recruiting exclusively from undergrad business majors and that's because of CPA requirements.
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MBA drones have always been useless, but Harvard will continue to have value as a status signal, the ruling class will ensure it.
Business school will become more like law school, not even worth it if you can't get into a T14.
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On the other hand, consider this:
BONUS SPOOKY FOR HOMOWEEN:
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Oh no. The greedy losers of Harvard are getting replaced. Go into accounting instead
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Wouldn't AI perform better in accounting as well?
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No. Ai can't legally do the shady shit without leaving evidence.
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The face of a married man who hooks up on grindr when his wife is on business
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Lol techcel cope
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dude is a finance bro, cope harder
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Good
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Snapshots:
https://www.forbes.com/sites/quickerbettertech/2024/10/25/how-ai-is-killing-the-harvard-mba/:
ghostarchive.org
archive.org
archive.ph (click to archive)
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