[krainboltgreene]

Funny, I had been told we had to lay off all those workers because they weren’t flush with cash.

[TheOtherHobbes]

They're convinced they no longer need them.

Just as they were convinced after Covid that they needed to put hiring into overdrive.

Tech management has the collective IQ of a flock of sheep.

[Aeolun]

Nobody has ever been punished for choosing IBM. It’s the same story here. Nobody is going to blame them for following the zeitgeist, but you bet they’d be punished if they didn’t and it doesn’t pan out.

The whole thing is like bitcoin. There’s too many people that benefit from maintaining the collective illusion.

[trhway]

cash on hands GOOG - 100B, AMZN - 80B, FB - 70B, and their core businesses are basically printing money, so they pretty much do have to invest into new things. If somebody sees a multi-billion dollar sink better than AI right now ...

[Hasu]

> If somebody sees a multi-billion dollar sink better than AI right now ...

I think if they could find a way to make their software good, instead of bad, like it increasingly is, that would be a good use of that money.

[krainboltgreene]

Workers, infrastructure, taxes…