Unfortunately, I think the next head of the fed is going to be appointed specifically to reduce interest rates, so we’re probably just going to go back to the 0-rate trough.
The tech market is fundamentally fucked up and AI is just a scapegoat
31–40 of 230 posts
Re: The tech market is fundamentally fucked up and AI is just a scapegoat
#32If you make a prediction that the stock market is about to collapse every year, then one year you will eventually get it right.
Re: The tech market is fundamentally fucked up and AI is just a scapegoat
#33[flagged]
Re: The tech market is fundamentally fucked up and AI is just a scapegoat
#34> Yesterday, the news of 16k Amazon layoffs plus two LinkedIn posts on the same topic back-to-back encouraged me to finally write about it. Amazon is fundamentally a logistics + robotics company and is one of the worst companies to join for 'stability' as they have razor-thin margins. With almost 1.6M workers, the layoffs there are at least in the 5 figures and they will not stop to do the easiest thing possible in o…
They have an 11% operating margin. That is far from razor thin. Their biggest business is AWS. They have subscription income, and they sell digital downloads and streaming which are high margin.
https://s2.q4cdn.com/299287126/files/doc_financials/2025/ar/...
Re: The tech market is fundamentally fucked up and AI is just a scapegoat
#35> The liquidity that flooded the tech sector didn’t just inflate valuations; it inflated teams, egos, and expectations. Yes it's kind of obvious to anyone who's looking at the actual work being done: the constant churn of OS updates, the JS-framework-du-jour, apps being updated constantly... It seems to me like a lot of this is just busy work, as if engineers need to justify having a job by being releasing inconseque…
Because it's important to recognize sometimes when someone you disagree with is right about something, I would like to note that Musk sacking most of the Twitter staff has not made the site unable to stay up. (The site has got worse for other reasons)
Re: The tech market is fundamentally fucked up and AI is just a scapegoat
#36The speculative nature of tech has always been present.
The point is mass media communication and frictionless money movements across the world and market access which is so freely availible to the small retail investor.
It's a recipe for disaster because an extraordinary claim can attract billions of dollars with nothing but hope and dreams to back it up.
Imagine if the Wright Brothers had today markets and mass media at their disposal, they'd be showered in billions or even trillions but the actual model didn't make any money because it was R&D
Re: The tech market is fundamentally fucked up and AI is just a scapegoat
#37> Most engineers (including me) spent months grinding LeetCode at least twice in their career, studying system design, and passing grueling 6-round interviews to prove they are the “top 1%.”
Really grateful that the opportunities I've been given weren't predicated on knowing things completely irrelevant to my job. I have spent exactly zero time solving LeetCode problems in my career (beyond algorithm stuff in college).
Re: The tech market is fundamentally fucked up and AI is just a scapegoat
#38[deleted]
Re: The tech market is fundamentally fucked up and AI is just a scapegoat
#39Unfortunately, I think the next head of the fed is going to be appointed specifically to reduce interest rates, so we’re probably just going to go back to the 0-rate trough.
Quite likely. This will be great for growth.
.. and terrible for inflation, but that can be blamed on other people.
Re: The tech market is fundamentally fucked up and AI is just a scapegoat
#40Westinghouse Electric Corporation built early electrical grid turbines, and worked extensively with consumer product markets to close the circle of demand. Accordingly, more retail products required more energy, and more energy required more turbines.
The LLM proponents are trying the same naive move with intangible assets, but dismissed finite limits of externalized costs on surrounding community infrastructure. "AI" puts it in direct competition with the foundational economic resources for modern civilization. The technical side just added a facade of legitimacy to an economic fiction.
https://en.wikipedia.org/wiki/Competitive_exclusion_principl...
Thus, as energy costs must go up, the living standards of Americans is bid down. Individuals can't fix irrational movements, but one may profit from its predictable outcome. We look forwards to stripping data centers for discounted GPUs. =3
"Memoirs of extraordinary popular delusions and the madness of crowds" (Charles Mackay, 1852)