If there was any justice, he would have to pay out double the entire amount (including bonus) to the devs.
Watching a CEO get fucked by using AI is orgasmic.
The CEO will be fine at the end of the day.
The workers are going to get fucked, though.
At the moment this is a win for the workers. They should get their full share of the payout, now. The main danger is now their parent company may be hostile to them (or even try to close them) until the parent company CEO gets replaced.
until the parent company CEO gets replaced.
One would hope pulling such a boneheaded move ought to make that happen rather quickly.
Of course, if this CEO has been there for more than a year or 2, he would probably get a golden parachute for more than the value of his fuckup…
oh god, sounds like Krafton were already assholes. I bet the put the other 250 in and sell it in pieces.
This is the kind of successful entrepreneur we’re supposed to be looking up to, people.
Exactly, the fact this dude at Krafton can sign 250 million dollars deals but is also dumb enough to think a ChatGPT lawyer knows better than his own lawyers… It goes to show that many powerful people were just lucky or inherited their wealth but are definitely not successful because they are smart.
definitely not successful because they are smart.
I mean, “smart” is a relative term. They were smart enough to find the money hose and latch onto it. But the skills necessary to schmooze $250M out of a creditor are fundamentally different than the skills necessary to manage a workforce or meet the terms of the contract.
You can call it the Peter Principle or the Principle-Agent Problem or any number of other business short-hands for “skills mismatch”. The bottom line is that “meritocracy” in a capitalist system boils down to rent-seeking effectiveness. That’s the skill set that is rewarded. And it produces legions of people who train and compete for the opportunity to maximize rent-seeking returns.
This guy fumbled the ball in a spectacular fashion. But I have no doubt he’ll get back on his horse and find another pool of labor to extract wealth from. Because, if he’s a CEO, he’s honed the skills needed to do exactly that.
What we get to mock him for is his failure, not his decision. If he’d retrieved a useful answer from the ChatGPT answer lottery, or the courts had been stacked with his friends such that any answer he pulled was considered the right one, he’d be hailed as a business genius on the front page of the WSJ rather than scoffed at in the back pages of 404media.
Yep. And I’d go further. Class mobility in the West is dead. No matter how smart and skilled and competent you are, you will never be one of the ultra-rich - and no matter how ignorant and incompetent one of the ultra-rich is, they’ll never lose enough money to become “merely” well off. The entire broken system, one that’s designed to funnel money from the working class to a handful of ultra-rich families, will keep making the rich richer no matter what they do.
We have a billionaire caste, not a billionaire class, and this story makes it painfully obvious.
Throughout pretty much all of human history it’s been apparent that the “nobles” class has been, at best, more trouble than they’re worth; and at worst, the instigating spark that creates a nation-destroying blaze.
It should come as no surprise to anyone who has read a history book that the American nobleman is equally as useless and destructive as his counterpart anywhere else.
While undoubtedly true, this story is about a South Korean CEO of a South Korean company.
Sure. This comment thread is about class mobility in the West though.
But, fact is, it seems it’s the same everywhere.
This is why the LLMs are so popular with execs, they are the ultimate yes men. They will feed ego and purport to give a strategy that will support any dumbass idea without challenging them.
Luck is a factor, but the differentiator is that they have the. Isplaced confidence and drive to just do what they want first. Then the luck let’s them get away with it. It’s kind of like if you get a million people to flip a coin 50 times. Some of them will get all 50 to be heads. So with billions of people in the world. Some have this drive to be on top, misplaced confidence, luck, and situational oportunities (also a good part luck) to end up able to sign 250 million dollar contract. None of that actually requires they have a clue. Sometimes they do, but it isn’t required.
if you get a million people to flip a coin 50 times. Some of them will get all 50 to be heads.
Flipping a coin 50 times has 1.1 quadrillion possible outcomes, only 2 of which are all heads or all tails. I think you’d need more than a few billion to reliably see those results.
yeah that’s over a one in a billion chance to get all heads in just a million tries.
I think though, you get the point.
Now here is a bonus question for you. If I give you a coin and ask you to flip it 20 times, and they all come up heads. What are the odds that if you flip it again it will come up heads?
I think it’s higher than a 50% chance of heads, because you have evidence for it being an unfair coin.
Finally, AI investments paying off
Sheer fucking hubris.
Not just a wanker, also a pea-brained gibbering dicksplat.
Can anyone share a tldr. The article access requires sign up
Just comment based on the headline like the rest of us
These damn stupid ceos using AI slop to make decisions are ruining the world!!!
based
Based
The obvious solution here is to replace judges with AI. /s
Publisher for Hi-Fi Rush, and PUBG. Wow…
These days chatgpt is pretty much the worst major model, so he couldn’t even get that part right.
Brutal lmao
I was against ChatGPT, but now I think it could be useful as a moron honeypot.
Who would have thought that the workers weren’t the real drones?!
Anyone who’s met ceos
i bet the first thing he looked into is how to push the responsibility for his failure onto chatgpt
Krafton did promise to be “AI first” for everything going forward. If you haven’t already blocked the publisher on Steam or other services, do so now.
Good point!
For others doing the same, there’s a little gear icon on the punisher page, with an option " Ignore this creator."
100% deserves it for being both stupid and inexcusably cheap.
If I have to use AI to argue my case in court, it is because I don’t have enough money to hire a lawyer. You would think a CEO would understand their position in life.
But, if you’re a CEO, and lawyer tells you, “no, the contract is solid. Honor it,” what are you to do? Why, ask an agreeable LLM for an answer that conforms to your world view because, obviously, you’re right because you’re the CEO.
This indicates that the CEO in question actually misunderstood their lawyer’s position in life. AI-pushers really do think that all workers are expendable. They have absolutely drunk the Flavour-Aid on all of this.
They probably don’t even see this as an “oopsie”, just an argument to throw even more resources at the AI, because they’re SO CLOSE to never having to pay a human for work ever again.
Clearly this CEO only wants to deal with “yes” men etc. If you don’t agree with him then he’ll find somebody else who will.
Or you are too cheap and stupid to pay a lawyer….
In this case even dumber than that: he paid a lawyer (or rather, the company did) then chose to ignore their advice and go with ChatGPT instead.
