Cloud-based enterprise software provider for human resources, finance, and workforce management.Yahoo Finance ↗workday.com ↗
1 take · first discussed Sep 20, 2024
Every call, plotted at the price the day they made it.
The hosts' collective view on Workday is bearish, represented here solely by Chamath at medium conviction. Chamath argues that AI agents can observe the inputs and outputs of expensive systems-of-record like Workday, effectively reverse-engineering their functionality and rendering them replaceable — he cites Klarna as a real-world example of this dynamic playing out. His thesis holds that once a company builds a sufficiently accurate "digital twin" via AI, the cost justification for incumbents like Workday collapses. No other hosts provided views, so no agreement or disagreement can be noted.
Chamath argues that AI agents observing software inputs and outputs can reverse-engineer and replace expensive systems-of-record like Workday, as demonstrated by Klarna, threatening their business model.
over time what the agents start to do is by observing the inputs and the outputs, they start to guess on what the intervening code is... you develop a digital twin and then you run that against that counterfactual against Workday or”28:27