Earlier quoted context omitted.
This was observed on first week for me. In the employee room, most people were all crazy about LLMs, looking at the prompt results in awe, "I can do my day in 1h easy..." . By the end of the week, group meetings were much more tame "yeah I can go a bit deeper than I would otherwise, surely saves me a few hours a week". And after the meeting was over these employees were already saying that they would never report the…
I don't think we should fear the big corps shrinking over night. What we should fear is the startups. Legal startup demonstrates they can do legal work at a fraction of the price. New generation of banks can underwrite at a fraction of the cost, or new insurance companies can insure much cheaper. This will force the incumbents to reduce head count and use Ai.
If you cut 50% of your staff over AI your competition using the same AI with twice the staff outperforms you: better products, better quality, more ideas, more work done.
AI isn't a moat.