How to sink your company's stock price using AI !

On January 25, 2024, in a desperate attempt to restore confidence among clients and in the markets, Alex Chriss, who assumed the role of CEO at PayPal in September, made a bold announcement to "shock the world."

In a seemingly orchestrated instance of market manipulation, Alex disclosed two initiatives:

😝 Faster checkout process (!)

😝 Leveraging AI for customer decisions (!)

Ironically, as Alex proclaimed these "groundbreaking" developments, PayPal's stock price plummeted in real-time by a staggering 6%.

Market observers were quick to discern the lack of substance behind the touted improvements. The promise of a faster checkout is considered a basic expectation in today's market and does not provide a competitive edge, especially when competitors like Stripe already offer similar features.

Additionally, there is growing skepticism in the markets regarding what is dubbed as "AI-washing." Companies facing various challenges are increasingly resorting to pledging the integration of AI solutions as a panacea, a "Holy Grail", for all their problems.

At Graypes GmbH, where we are at the forefront of introducing Language Model (LLM) assessments for businesses, we have identified PayPal's weaknesses as a product. Consequently, we have already ceased support for PayPal payments, as already published in a previous post here: 

🔗 https://lnkd.in/dNxXiu2g

💡 In the same vein, discerning markets and clients will distinguish between genuine AI innovators and AI alchemists!

The Cyclyst