Many of them have invested heavily into AI and are panicking that it’s not going to pay off soon, or perhaps ever.
So they push it even harder hoping their bet will somehow turn around and they won’t have to take the hit to their stock options or reputations.
People often think CEOs and upper management attained their positions because they are experts in the field and savvy at their jobs, but many of them have just failed upwards with a high appetite for risk-taking and low ethical standards - they’re often actually shockingly unskilled idiots. ‘Trumps’, if you will.
Oh they all realize it. They just don’t care.
Many of them have invested heavily into AI and are panicking that it’s not going to pay off soon, or perhaps ever.
So they push it even harder hoping their bet will somehow turn around and they won’t have to take the hit to their stock options or reputations.
People often think CEOs and upper management attained their positions because they are experts in the field and savvy at their jobs, but many of them have just failed upwards with a high appetite for risk-taking and low ethical standards - they’re often actually shockingly unskilled idiots. ‘Trumps’, if you will.
They know it’s not going to pay off. They just don’t care. Because they will collect fat fucking checks from investors in the interim.