Given our CEO’s goal of 10% Return of Equity, why is the GenAi program spending wasteful amounts of money? While the rest of AIG undergoes expense scrutiny (hello no business class travel for overseas trips), the amount of money spent on GenAI travel and meals for meetings is beyond excessive. Not to mention the funding provided for the work and the number of highly paid employee reqs. Understand GenAi is the hot trend but wow unbelievable that this program doesn’t have better financial governance and scrutiny!!
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Claude left. Radha the GenAI program director left. The direction of development is to have Palantir completely implement new LOBs. I assume this will translate to layoffs for GenAI staff. If so, does anyone know when that is likely to happen?
AI is the trend of the moment. It will affect businesses and our lives in way we can't comprend now, and yet what we see now it's an overpriced stupid bubble. AI is sh-t at IT, it will 100% lag behind with AI too, I hope it doesn't go bankrupt because I need this job!!
The fact is AI is not mature enough to marry to a particular vendor yet, and we are for sure not partnering with the right company.
They could be using platforms already developed for this innovative concept of placing business. Too much red tape and BS internally to get this done with any efficiency. Bring in a platform at minimal cost and watch the reduced costs and reduction in risk accelerate.
They probably believe there is an ROI, but after using the tools really there's nothing too impressive. It may replace repetitive tasks usually handed to the TAP resources, but that could become counterproductive over time.