21–30 of 35 posts
There's some strangeness around AI where people will claim it will do amazing things, but somehow not so amazing that no one will need them.
Man you guys are pessimistic and stuck in your bubbles. Asking if box is relevant when they’ve had growth the last two quarters while Dropbox is on the verge of seeing a drop in numbers. Yes ms and Google are seeing more but the product box is putting out is light years ahead of Dropbox, egnyte, and, honesty, most of FAANG, in terms of supporting the average office worker. They aren’t building sexy AI coders but they…
So sure their CEO is passionate and on CNBC but the business is clearly not doing that great
Man you guys are pessimistic and stuck in your bubbles. Asking if box is relevant when they’ve had growth the last two quarters while Dropbox is on the verge of seeing a drop in numbers. Yes ms and Google are seeing more but the product box is putting out is light years ahead of Dropbox, egnyte, and, honesty, most of FAANG, in terms of supporting the average office worker. They aren’t building sexy AI coders but they…
Part of the reason you're seeing pessimism about box is because the stock has barely kept up with inflation. Their IPO price was 23.23 USD, now it's at 32.30. That's 39% of growth while inflation over 10 years is 36%. So sure their CEO is passionate and on CNBC but the business is clearly not doing that great
(Not asking you to go dig that up, just making the point that the market can be irrational.)
Earlier quoted context omitted.
My biggest gripe with your reasoning is a hidden assumption that everything humans do is easily encodable in what we call AI today. I don’t think this is the case.
AI and technology is already replacing jobs. The way this manifests isn’t mass layoffs after an AI is implemented, it’s fewer people being hired at any given scale because you can go further with fewer people. Companies making billions in revenue with under 10k employees, some under 5k or even under 1k. This is absorbed by there being more and more opportunities because the cost of starting a new company and getting…
I don’t think this is true. I think CEOs are replacing people on the assumption that AI will be able to replace their jobs. But I don’t think AIs are able to replace any jobs other than heavily scripted ones like front-line customer support… maybe.
I think AI can automate some tasks with supervision, especially if you’re okay with mediocre results and don’t need to spend a lot of time verifying its work. Stock photography, for example.
But to say AI is replacing jobs, I think you’d need to be specific about what jobs and how AI is replacing them… other than CEOs following the hype, and later backtracking.
Earlier quoted context omitted.
Part of the reason you're seeing pessimism about box is because the stock has barely kept up with inflation. Their IPO price was 23.23 USD, now it's at 32.30. That's 39% of growth while inflation over 10 years is 36%. So sure their CEO is passionate and on CNBC but the business is clearly not doing that great
Stock price isn’t necessarily equivalent to how well the company is doing, though. I’d be more interested in hearing revenue and profit. (Not asking you to go dig that up, just making the point that the market can be irrational.)
Earlier quoted context omitted.
My biggest gripe with your reasoning is a hidden assumption that everything humans do is easily encodable in what we call AI today. I don’t think this is the case.
AI and technology is already replacing jobs. The way this manifests isn’t mass layoffs after an AI is implemented, it’s fewer people being hired at any given scale because you can go further with fewer people. Companies making billions in revenue with under 10k employees, some under 5k or even under 1k. This is absorbed by there being more and more opportunities because the cost of starting a new company and getting…
The claim that companies won't just build everything in-house because of wanting to be able to sue over damages seems extremely weak. If AI tools could genuinely build a replacement for Box with trivial effort, everyone would drop them immediately. There's some strangeness around AI where people will claim it will do amazing things, but somehow not so amazing that no one will need them.
Earlier quoted context omitted.
My biggest gripe with your reasoning is a hidden assumption that everything humans do is easily encodable in what we call AI today. I don’t think this is the case.
AI and technology is already replacing jobs. The way this manifests isn’t mass layoffs after an AI is implemented, it’s fewer people being hired at any given scale because you can go further with fewer people. Companies making billions in revenue with under 10k employees, some under 5k or even under 1k. This is absorbed by there being more and more opportunities because the cost of starting a new company and getting…
Can you though? From my experience this is just a wishful thinking. I am yet to see actual productivity gains from AI that would objectively justify hiring less or laying off people.
Honest question — why is the CEO of a Enterprise cloud storage company so out in the public touting the benefits of AI? Conversely, why aren't the senior leaders of Google Drive, SharePoint, etc. so consistently speaking about the benefits of AI? A couple top of mind thoughts on the range of outcomes: -Perhaps it's more of a requisite function of a company that went through a long phase of mild-growth (even anemic re…
When was the last time Box was relevant? Dropbox is struggling, can only imagine what Box is going through. Their stock isn't great and the outlook is "limited growth".
Earlier quoted context omitted.
Part of the reason you're seeing pessimism about box is because the stock has barely kept up with inflation. Their IPO price was 23.23 USD, now it's at 32.30. That's 39% of growth while inflation over 10 years is 36%. So sure their CEO is passionate and on CNBC but the business is clearly not doing that great
Stock price isn’t necessarily equivalent to how well the company is doing, though. I’d be more interested in hearing revenue and profit. (Not asking you to go dig that up, just making the point that the market can be irrational.)