Earlier quoted context omitted.
I’ve had a longstanding belief that big tech purposely over-employed because it denied resources to competitors. This gave them a velocity edge despite being big and bureaucratic. In the new AI world, denying resources doesn’t slow competitors down anymore because AI raises the productivity floor. Now that over-employment brings no competitive advantage, we’re seeing huge cuts.
Dose AI really raise productivity floor that much? Do we have some good example of that?
Vision cannot be bought (thankfully).
A small team led by a real visionary can achieve much more than these bloated tech firms.