this post was submitted on 22 Jul 2023
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Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking (www.latimes.com)
submitted 1 year ago by L4s to c/technology
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Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking::Inspired by the success of Netflix, Hollywood studios pursued Silicon Valley-style hypergrowth with tactics borrowed from the likes of Uber and Lyft.

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[–] Gradually_Adjusting 75 points 1 year ago (1 children)

Hilarious timing, considering that the only reason tech was able to act like that was thanks to excessively dovish monetary policy in the wake of 08... Which has now come full circle.

Hollywood is going to crash and burn because they think AI is free creative labor. But an exec can be replaced by AI much more ably than a creator already. Truly good creative AI is still not here. Not for what they'd need.

[–] LazaroFilm 16 points 1 year ago (2 children)

Haha so true. Ai can work with numbers better than emotions.

[–] Gradually_Adjusting 23 points 1 year ago (1 children)

"ChatGPT, read this SEC filing and these quarterly reports. Suggest high level areas for improving shareholder value and the performance of the business as a whole as an agenda for the next board meeting. Issue a statement to the investors. Then golf and do cocaine for three months."

CEOs r fuk

[–] Sanctus 10 points 1 year ago

Its not even funny how true this statement is. ChatGPT could easily replace every managing partner at my company and the business would have all the more money to reinvest into itself without them pocketing all the profit.

[–] [email protected] 11 points 1 year ago (1 children)

ChatGPT is actually very bad with numbers or following a step-by-step process. It just says things that sound correct. It doesn't know what's going on.

So it can only replace the bad executives who sound like they know what they're doing. It literally can't add 2 + 2.

[–] ElectroNeutrino 3 points 1 year ago

ChatGPT is an LLM tuned to emulate how a human would generate text.

I would imagine that a different type of AI would be used if they wanted it to work with numbers.