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by Ironchefpython
3469 days ago
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> metric-driven companies can go off the rails Any publicly traded corporation (save a small handful with a non-traditional governance model) are metric-driven companies. Modern corporations are paperclip maximizer functions executing on a network general-purpose biological computational engines tied together with powerpoint and email and excel spreadsheets. Want to know what the AI of the future will look like? It will be a lot like Comcast, because it will be built by Comcast and harnessed to the corporate goals of Comcast and thus will have the same value system as Comcast. The only thing it will lack is Comcast's institutional incompetence, as it will be Comcast's goals executing on dedicated hardware and not semi-autonomous employees. And it will build a dedicated model of every man and woman on the planet, and use that information to build a personalized profile that will determine exactly how many illegitimate charges it can cram on your bill before you'll suffer through a customized cancellation service that is calibrated to your personality and mental state to be just painful enough to drive you to the brink of suicide. And the only reason it's merely to be brink, is because a dead customer is an unprofitable one. (and if you think that's hyperbole, you have a far brighter view of the future than I do) |
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There’s something they used to call ‘the Myth of Shareholder Value.’ It goes, basically, like this: everything any corporate officer does, at any level, must be dedicated to only one thing, which is to increase shareholder value.
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The Weyland Consortium are the high priests of the cult of Shareholder Value in today’s economy. The Consortium is less a corporation and more an algorithm, buying and selling corporations and extending its tendrils out through every sector of industry: research, transportation, you name it. The Consortium moves and acts like a living thing. No one executive or committee steers that ship. Shareholder Value is its only captain, and every decision made by its chief officers is pre-destined, an inevitable result of gears turning for decades, of market forces filtered through AIs running on corporate servers.