Today, 09:19
|
#2320
|
|
laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 68
Services: Premiere Collection
Posts: 43,817
|
Re: Starmer’s chronicles
Quote:
Originally Posted by mrmistoffelees
The AI argument perspective is interesting , mass layoffs in the US due to Ai however, the vast majority aren’t of them aren’t to replace staff it’s because the money is needed to purchase the GPU’s from NVIDIA.
In company’s where they did perform layoffs where AI was used to replace employees, one example of which would be Salesforce , there was a reversal where a significant number were rehired (on a lower wage though……)
AI in its current form is a bubble waiting to burst just like Dot com many years ago. Sure there’s some useful tooling available but the vast majority is just overhyped mehness
https://www.wheresyoured.at/the-case...generative-ai/ |
https://www.thurrott.com/a-i/openai-...evious-quarter
Quote:
The Wall Street Journal uncovered a bit of financial information that Microsoft tried to hide in its recent financial results: OpenAI isn’t just unprofitable. It’s historically unprofitable.
The publication reports on a calculation made by Bernstein analyst Firoz Valliji which indicates that the $4.1 billion loss that Microsoft attributed to its OpenAI investment in the quarter wasn’t just 490 percent worse, year-over-year (YOY), than its loss one year ago. Given OpenAI’s valuation at the time and our new understanding that Microsoft owned 32.5 percent of OpenAI in that quarter, it means that OpenAI lost about $12 billion overall. That’s one of the biggest quarterly losses in tech industry history.
Armed with this information, I did a bit of research of my own. And according to Wikipedia, only two tech companies rank in the 15 biggest quarterly losses in history: AOL Time Warner ($44.9 billion in 2002) and Intel ($16.6 billion in 2024). These are the only tech firms to lose over $10 billion in a single quarter, and AOL Time Warner’s loss was tied to the bursting Dot Com bubble and that company’s exit from the tech industry.
|
__________________
Thank you for calling the Abyss.
If you have called to scream, please press 1 to be transferred to the Void, or press 2 to begin your stare.
If my post is in bold and this colour, it's a Moderator Request.
|
|
|