This seems to just be a rewrite of https://www.wsj.com/tech/ai/meta-ai-hiring-freeze-fda6b3c4. Can we replace the link?
Mark Zuckerberg freezes AI hiring amid bubble fears
11–20 of 936 posts
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#12as an outsider, what I find the most impressive is how long it took for people to realize this was a bubble.
Has been for a few years now.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#13Maybe this time investors will realize how incompetent these leaders are? How do you go from 250mil contracts to freezes in under a month?
Could they get their money back?
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#14Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#15Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#16This seems to just be a rewrite of https://www.wsj.com/tech/ai/meta-ai-hiring-freeze-fda6b3c4 . Can we replace the link?
This link is not paywalled, unlike the WSJ link.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#17Maybe this time investors will realize how incompetent these leaders are? How do you go from 250mil contracts to freezes in under a month?
By signing too many 250mil contracts.
Well that’s the incompetent piece. Setting out to write giant historical employment contracts without a plan is not something competent people do. And seemingly it’s not that they over extended a bit either since reports claimed the time availability of the contracts was extremely limited; under 30min in some cases.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#18Maybe this time investors will realize how incompetent these leaders are? How do you go from 250mil contracts to freezes in under a month?
I really don't understand this massive flip flopping.
Do I have this timeline correct?
* January, announce massive $65B AI spend
* June, buy Scale AI for ~$15B, massive AI hiring spree, reportedly paying millions per year for low-level AI devs
* July, announce some of the biggest data centers ever that will cost billions and use all of Ohio's water (hyperbolic)
* Aug, freeze, it's a bubble!
Someone please tell me I've got it all wrong.
This looks like the Metaverse all over again!
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#19Hey were only get huge options / stock based on the growth of the business.
Plus they will of had a vesting schedule
Besides the point that it was mental but the dude wanted the best and was throwing money at the problem.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#20What I don't get is that they are gunning for the people that brought us the innovations we are working with right now. How often does it happen that someone really strikes gold a second time in research at such a high level? It's not a sport.
Because the innovations fail to deliver what was promised and the overall costs are higher than the outcome