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Reply to "Where is the massive investment in AI going?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s mostly hype. [/quote] Tell that to people who have lost their job to it.[/quote] Where? Most of the companies firing over hired during covid. They were even hiring people to avoid them going to a competitor. It’s true there has been job loss due to AI but it’s mostly an excuse. Just like RTO is an excuse to lay off. [/quote] Most of the job loss that is directly attributable to AI is not because of job replacement, but from companies trying to cut costs with layoffs to cover their capex in AI hardware (Microsoft, Meta, etc). The problem is all this capex hasn’t paid off and companies are deep in the red except for shovel sellers like Nvidia. But nearly all of NVDA’s revenue comes from large software companies buying their chips so when the music stops it’s all going to collapse. https://www.wheresyoured.at/the-haters-gui/[/quote]
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