this post was submitted on 25 May 2025
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VCs are starting to partner with private equity to buy up call centers, accounting firms and other "mature companies" to replace their operations with AI (techcrunch.com)
submitted 3 days ago by [email protected] to c/[email protected]
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[–] [email protected] 0 points 2 days ago* (last edited 2 days ago)

What do you mean "but"?

This doesn't produce anything. It removes jobs instead of creating them. And by the end there is one less company in the system.

I wrote in response to you saying this is what they "should" be doing. That it would either work, or not.

But this is working sustainable businesses being butchered for their value on the meat market, rather than operated long term.

It most certainly isn't what they "should" be doing.

If this is the best way to make money, the rich will continue to do it instead of starting new companies. That is not going to have pleasant long-term effects on the world.