Earlier quoted context omitted.
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'v…
The bubble narrative is coming from the outside. More likely is that the /acquisition/ of Scale has led to an abundance of talent that is being underutilised. If you give managers the option to hire, they will. Freezing hiring while reorganising is a sane strategy regardless of how well you are or are not doing.
Mark Zuckerberg freezes AI hiring amid bubble fears
171–180 of 936 posts
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#172Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#173Earlier quoted context omitted.
I think that meta is bad for the world and that zuck has made a lot of huge mistakes but calling him a one hit wonder doesn't sit right with me. Facebook made the transition to mobile faster than other competitors and successfully kept G+ from becoming competition. The instagram purchase felt insane at the time ($1b to share photos) but facebook was able to convert it into a moneymaking juggernaut in time for the fla…
Buying competitors is not insane or a weird business practice. He was probably advised to do so by the competent people under him And what did he do to keep G+ from becoming a valid competitor? It killed itself. I signed up but there was no network effect and it kind of sucked. Google had a way of shutting down all their product attempts too
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#174Earlier quoted context omitted.
I can’t tell if you’re being tongue in cheek or not, so I’ll respond as if you mean this. It’s easy to cherry pick a few bets that flopped for every mega tech company: Amazon has them, Google has them, remember Windows Phone? etc. I see the failures as a feature, not a bug - the guy is one of the only founder CEOs to have ever built a $2T company (trillion with a T). I imagine part of that is being willing to make bi…
Parent comment says "aggressively cutting unsuccessful bets" and Oculus is nothing like that. Oculus Quest are decent products, but a complete flop compared to their investment and Zuck's vision of the metaverse. Remember they even renamed the company? You could say they're on betting on the long run, but I just don't see that happening in 5 or even 10 years. As an owner of Quest 2 and 3, I'd love to be proven wrong…
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#175And yet, billionaires will remain billionaires. As if there are no consequences for these guys.
Meanwhile I feel another bubble burst coming that will hang everyone else high and dry.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#176Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#177I really do wonder if any of those rock star $100m++ hires managed to get a 9-figure sign-on bonus, or if the majority have year(s) long performance clauses. Imagine being paid generational wealth, and then the house of cards comes crashing down a couple of months later.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#178Quality over quantity. Apparently its better to pay $100 million for 10 people than $1 million for 1000 people.
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#179>> Mr Zuckerberg has said he wants to develop a “personal superintelligence” that acts as a permanent superhuman assistant and lives in smart glasses. Yann Le Cun has spoken about this, so much that I thought it was his idea. In any case, how's that going to work? Is everyone going to start wearing glasses? What happens if someone doesn't want to wear glasses?
Re: Mark Zuckerberg freezes AI hiring amid bubble fears
#180>> Mr Zuckerberg has said he wants to develop a “personal superintelligence” that acts as a permanent superhuman assistant and lives in smart glasses. Yann Le Cun has spoken about this, so much that I thought it was his idea. In any case, how's that going to work? Is everyone going to start wearing glasses? What happens if someone doesn't want to wear glasses?