Yeah but mainly because of how insanely good it was for the 3 years before that. Covid pumped insane amounts of money into tech, which in turn lead to hiring WAY more people than were actually needed. This is just the correction of that, getting back to sustainable levels.
No, this is a correction after the CEO made very poor investments into an LLM company run by a crypto grifter that’s amounted in little to no ROI. So now it’s either every employee is an AI grifter or unemployed. All other projects are cost recovery to feed the spiral of enshitification.
No, that is not ROI, that would be growth above the normal growth for products and services. Problem being that they are just spinning normal growth as AI growth. Internally, they will not be seeing the growth realised. Billions spent and for what? A word predictor that is benchmarked at halucinating 80-90% of the time. Its simply appauling value when the content users get is wrong 80-90% of time, realised or otherwise. Utilization will be starting out high and falling off a cliff risking deepening reputational damage on the back of the thriving open source community.
Yeah but mainly because of how insanely good it was for the 3 years before that. Covid pumped insane amounts of money into tech, which in turn lead to hiring WAY more people than were actually needed. This is just the correction of that, getting back to sustainable levels.
No, this is a correction after the CEO made very poor investments into an LLM company run by a crypto grifter that’s amounted in little to no ROI. So now it’s either every employee is an AI grifter or unemployed. All other projects are cost recovery to feed the spiral of enshitification.
Are you sure about that?
The stock reflects peoples beliefs, not facts
And if people’s beliefs are that their AI deals are good, prices will go up. That’s ROI baby!
*For now
No, that is not ROI, that would be growth above the normal growth for products and services. Problem being that they are just spinning normal growth as AI growth. Internally, they will not be seeing the growth realised. Billions spent and for what? A word predictor that is benchmarked at halucinating 80-90% of the time. Its simply appauling value when the content users get is wrong 80-90% of time, realised or otherwise. Utilization will be starting out high and falling off a cliff risking deepening reputational damage on the back of the thriving open source community.
That correction ended two years ago. This is larger and longer.
There’s interest rates, section 174, AI, and heaven knows what else.