alt Hacker NewsThousands of CEOs just admitted AI had no impact on employment or productivity
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As we approach the singularity things will be more noisy and things will make less and less sense as rapid change can look like chaos from inside the system. I recommend folks just take a deep breath, and just take a look around you. Regardless on your stance if the singularity is real, if AI will revolutionize everything or not, just forget all that noise. just look around you and ask yourself if things are seeming more or less chaotic, are you able to predict better or worse on what is going to happen? how far can your predictions land you now versus lets say 10 or 20 years ago? Conflicting signals is exactly how all of this looks. one account is saying its the end of the world another is saying nothing ever changes and everything is the same as it always was....
In other words, everybody is benefiting from AI, except CEOs.
Mentioning AI in an earnings call means fuck all when what they’re actually referring to is toggling on the permissions for borderline useless copilot features across their enterprise 365 deployments or being convinced to buy some tool that’s actually just a wrapper around API calls to a cheap/outdated OpenAI model with a hidden system prompt.
Yeah, if your Fortune 500 workplace is claiming to be leveraging AI because it has a few dozen relatively tech illiterate employees using it to write their em dash/emoji riddled emails about wellness sessions and teams invites for trivia events… there’s not going to be a noticeable uptick in productivity.
The real productivity comes from tooling that no sufficiently risk adverse pubco IS department is going to let their employees use, because when all of their incentives point to saying no to installing anything ever, the idea of giving the permissions required for agentic AI to do anything useful is a non-starter.
thank goodness! our jobs are safe lads!!
Anyone read the goal lately?
As a small bespoke manufactuter of things made out of metal, I have recently begun implimenting a policy of abandoning most online services, including banking, well almost as customers can still send me money online, but I have to go to a branch to see or get funds, except for monthly reports. It is awsome, the web brings me customers via 2 web sites, and searches useing AI, but the whole thing is asymetrical, as it has been more than a year since my last online purchase or filling out a form, aplication etc, all done on paper, in person, or I live without whatever it is. The result is a work environment that is focused on customers and production, and external obligations, requirements are litteral, as they must be managed efficiently in person and in such a way as to be finnished or stable, none of the death by 1000 emails brain rot. The mental state of haveing zero knowledge of what is happening on a millisecond by millisecond basis and letting everything go, and lo the world grinds on just fine without me, and I get a few things done. Mr Solow called it long ago, and my intuition has always been that the busy work was shit, and have now proven that in my one specific circumstance.
"Admitted" as the verb in a statement like this is blatant editorialization. Did they just finally "admit" what they had been reluctant to reveal? No doubt with their heads hung in shame?
Maybe this bothers me more than it should.
I think the biggest problem is calling it AI to start with. It gives people a huge misrepresentation of what it is actually capable of. It is an impressive tool with many uses, but it is not AGI.
Look, that's hardly the point, now, is it, CEOs? AI, or at least saying "AI" a lot, makes number go up.
It's weird being on here and seeing so much naysaying, because I see a radical change already happening in software development. The future is here, it's just not equally distributed.
In the past 6 months, I've gone from Copilot to Cursor to Conductor. It's really the shift to Conductor that convinced me that I crossed into a new reality of software work. It is now possible to code at a scale dramatically higher than before.
This has not yet translated into shipping at far higher magnitude. There are still big friction points and bottlenecks. Some will need to be resolved with technology, others will need organizational solutions.
But this is crystal clear to me: there is a clear path to companies getting software value to the end customer much more rapidly.
I would compare the ongoing revolution to the advent of the Web for software delivery. When features didn't have to be scheduled for release in physical shipments, it unlocked radically different approaches to product development, most clearly illustrated in The Agile Manifesto. You could also do real-time experiments to optimize product outcomes.
I'm not here to say that this is all going to be OK. It won't be for a lot of people. Some companies are going to make tremendous mistakes and generate tremendous waste. Many of the concerns around GenAI are deadly,serious.
But I also have zero doubt that the companies that most effectively embrace the new possibilities are going to run circles around their competition.
It's a weird feeling when people argue against me in this, because I've seen too much. It's like arguing with flat-earthers. I've never personally circumnavigated Antarctica, but me being wrong would invalidate so many facts my frame of reality depends on.
To me, the question isn't about the capabilities of the technology. It's whether we actually want the future it unlocks. That's the discussion I wish we were having. Even if it's hard for me to see what choice there is. Capitalism and geopolitical competition are incredible forces to reckon with, and AI is being driven hard by both.
"What had promised to be a boom to workplace productivity.."
No. BOON. A BOON to workplace productivity.
And then the writer doubles down on the error by proving it was not a typo, ending the sentence with "...was for several years a bust."
At $dayjob GenAI has been shoved into every workflow and it's a constant source of noise and irritation, slop galore. I'm so close to walking away from the industry to resume being a mechanic, what a complete shit show.
CEOs have no clue what's going on at the IC level.
I bet many CEO PA are using AI for many tasks. It's typically a role where AI is very useful. Answering emails, moving meetings around, booking and buying a bunch of crap.
This study spans 3 years, so it goes back to ChatGPT 3.5 era. Not sure how valid it is, considering the breakneck speed at which everything moves.
I think the article is very premature. Lots of companies are slow to adapt. And while there are a lot of early adopters, there are way more people still not really adapting what they do.
There are some real changes in day to day software development. Programmers seem to be spending a lot of time prompting LLMs these days. Some more than others. But the trend is pretty hard to deny at this point. That snowballed in just 6-7 months from mostly working in IDEs to mostly working in Agentic coding tools. Codex was barely usable before the summer (I'm biased to that since that is what I use but it wasn't that far behind Claude Code). Their cli tool got a lot more usable in autumn and by Christmas I was using it more and more. The Desktop app release and the new model releases only three weeks ago really spiked my usage. Claude Code was a bit earlier but saw a similar massive increase in utility and usability.
It is still early days. This report cannot possibly take into account these massive improvements that hav been playing out over essentially just the last few months. This time last year, Agentic coding was barely usable. You had isolated early adopters of Claude Code, Cursor, and similar tools. Compare to what we have now, these tools weren't very good.
In the business world things are delayed much more. We programmers have the advantage that many/most of our tools are highly scriptable (by design) and easy to figure out for LLMs. As soon as AI coders figured out how to patch tool calling into LLMs there was this massive leap in utility as LLMs suddenly gained feedback loops based on existing tools that it could suddenly just use.
This has not happened yet for the vast majority of business tools. There are lots of permission and security issues. Proprietary tools that are hard to integrate with. Even things like wordprocessors, spreadsheets, presentation tools, and email/calendar tools remain poorly integrated. You can really see Apple, MS, and Google struggle with this. They are all taking baby steps here but the state of the art is still "copy this blob of text in your tool". Forget about it respecting your document theme, or structure. Agentic tool usage is not widely spread outside the software engineering community yet.
The net result is that the business world still has a lot of drudgery in the form of people manually copying data around between UIs that are mostly not accessible to agentic tools yet. Also many users aren't that tool savvy to begin with. It's unreasonable to expect people like that to be impacted a lot by AI this early in the game. There's a lot of this stuff that is in scope for automating with agentic tools. Most of it is a lot less hard than the type of stuff programmers already deal with in their lives.
Most of the effects this will have on the industry will play out over the next few years. We've seen nothing yet. Especially bigger companies will do so very conservatively. They are mostly incapable of rapid change. Just look at how slow the big trillion dollar companies are themselves with eating their own dog food. And they literally invented and bootstrapped most of this stuff. The rest of the industry is worse at this.
The good news is that the main challenges at this point are non technical: organizational lag, security practices, low level API/UI plumbing to facilitate agentic tool usage, etc. None of this stuff requires further leaps in AI model quality. But doing the actual work to make this happen is not a fast process. From proof of concept to reality is a slow process. Five years would be exceptionally fast. That might actually happen given the massive impact this stuff might have.
The people who will be most productive with AI will be the entreprompteurs who whip up entire products and go to market faster than ever before, iterating at dangerous speeds. Lean Startup methodology on pure steroids basically.
Unfortunately I think most of the stuff they make will be shit, but they will build it very productively.
There is probably a threshold effect above which the technology begins to be very useful for production (other than faking school assignments, one-off-scripts, spam, language translation, and political propaganda), but I guess we're not there yet. I'm not counting out the possibility of researchers finding a way to add long term memory or stronger reasoning abilities, which would change the game in a very disorienting way, but that would likely mean a change of architecture or a very capable hybrid tool.
Of course AI is bullshit. If you couldn't just use it yourself and figure that out then ask yourself why people like Bezos or Altman are perfectly happy "investing" other people's money but not their own. If they actually believed their own bullshit they would personally be investing all of their money AND taking on personal debt. Instead Bezos, a guy worth ~200B, sells 5B worth of stock to invest in "AI-adjacent" (power generation) industry, while making amazon invest 200B in data centers. Talk about conflict of interest! WTF!
The issue with framing this as a resurrection of the productivity paradox is that AI had never even theoretically increased productivity.
I think in retrospect it's going to look very silly.
If this is true, then we should murder all the CEO's who exaggerated the negative impacts of AI. Im sick and tired of being harassed because of their fear mongering. If you want to talk about AI being a weapon of mass destruction, then FAFO.
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These surveys don’t make sense. Ask the forward thinking companies and they’ll say the opposite. The flood of anti AI productivity articles almost feel like they’re meant to lull the population into not seeing what’s about to happen to employment.
Thousand of companies to be replaced by leaner counterparts that learned to use AI towards greater employment and productivity
BTW the study was from September 2024 to 2025, so its the very earliest of adopters.