Comment by steveBK123

Yes I think this encapsulates my critique and observation from inside the belly of the beast. To these guys $100/year or even $1000/year per head to give AI to 1000 excel jockey analysts is great. It's cheaper, by an order of magnitude, than upsizing their IT org to the size of their leading competitors. I mean we are talking single digit SWEs for the numbers above.

Of course they probably aren't thinking through how AI will allow their leading competitors to maintain or expand their lead if it is any good anyway.

Interestingly I was in a meeting with our firms IT org recently where they were describing some of the "upgrades" they are making across systems, some of which were going to degrade service. Upon enough prodding they conceded the reasoning was not value, or even cost, but cost attribution. That is, it was too hard to figure out how to meter usage & charge back to business lines, so they are essentially going to discontinue those services and make business lines self manage. Crazy.