My opinion about AI will surprise you


A few months ago, I worked on a project where the client refused to use AI.

Cybersecurity, they said.

Fair enough.

Cybersecurity matters.

But their solution was extraordinary.

They preferred to spend hundreds of hours of senior professionals’ time…

At around $500 an hour…

On tasks that AI could complete in minutes.

Trust me… even if in my pocket… the money does not pay to waste your time like that…

These were some of the best professionals in the country.

The client did not trust them.

It did not trust its own systems.

And it did not know enough about AI to manage the risk properly.

So it banned the tool.

This reminds me a story.

Milton Friedman once visited a public works project in Asia.

I think China.

They put him in a field and showed him the great work that was being done.

Thousands of people were digging a canal with shovels.

“Why not use machines?” he asked.

“Because this creates more jobs,” the official replied.

Friedman answered:

“If you want to create jobs, give them spoons.”

That client did not ban AI.

It bought spoons.

Expensive spoons.

Held by very expensive people.

AI has risks.

So does email.

So does cloud storage.

So does hiring humans.

Being professional does not mean refusing to use powerful tools.

It means understanding them well enough to use them properly.

Look.

When I’m asked about AI, I always say the same:

You cannot be the professional holding the spoon.

And you definitely cannot be the client handing them out.

I have found an excellent newsletter that will help you understand AI, use it properly and stay ahead of the people still digging.

Click below.... Before someone gives your shovel to AI.

Use this information at your own risk.

PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day.

PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com

PD 3: If you want unsubscribe, click the link below.

Vicente Valencia

Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇

Read more from Vicente Valencia

If you thought that nothing could be worse than yesterday example, let me tell you something. Again, the UK. NMC Health was a FTSE 100 company. It operated hundreds of healthcare facilities across the Middle East. It was worth billions. And every year, EY audited its accounts. Seven years. Seven unqualified audit opinions. Around ÂŁ14 million in audit fees. Everything appeared fine. Until 17 December 2019. That day, a small research firm called Muddy Waters published a report. It questioned...

I love the UK’s market… it has shown us so many things… Let’s take for example the UK Post Office. Early 2010s. The guys had a problem. Its Horizon accounting system said money was disappearing. Yeah… just like that… And you still wonder about Brexit… Anyway… the Post Office blamed the usual suspects… the people operating it. Hundreds were prosecuted. Some went to prison. Lives were destroyed. And for years, the official position remained essentially the same: The system works. Ole, with 2...

I always say that politicians cost taxpayers billions. And not because of their salaries, the salaries of their friends and advisers, or the favours repaid while they are in office—or afterwards. No. Because of their incompetence and lack of common sense. For example… Never announce the marriage while you are still negotiating the prenup. This is common sense. Still, politicians with billions in their hands throw common sense in the bin. We even have well-documented cases. With papers… And...