I hate my company's AI initiatives
5 hours ago
- #AI in Finance
- #Automation Pitfalls
- #Investment Banking
- The author expresses dissatisfaction with their company's AI initiatives, particularly tools aimed at automating tasks for investment bankers.
- A 'CIM maker' tool was criticized for producing poor-quality Confidential Information Memorandums (CIMs) with blank sections, misaligned shapes, and incorrect company colors.
- The AI tool misunderstands the actual pain points—junior analysts spend hours on meticulous tasks like aligning shapes, vetting numbers, and ensuring client-centric presentations, not just 'thinking.'
- Another example is a 'pitch maker' tool that inaccurately selects comparable companies for pitch decks, lacking the nuanced, subjective understanding required for effective comparisons.
- The author argues that current AI tools fail by trying to replace human judgment rather than assisting with reliable, defensible outputs.
- What is needed is a tool that assists in deriving answers—such as identifying unique company aspects, generating similarity-scored lists, and supporting pre-made arguments—rather than providing sloppy, end-to-end solutions.
- The frustration stems from higher-ups and toolmakers losing touch with junior workers' needs, leading to ineffective AI solutions.
- The author sarcastically suggests they might develop better tools themselves, highlighting the gap between AI initiatives and actual workflow requirements.