31–38 of 38 posts
Earlier quoted context omitted.
Why would it go to Meta?
I assume advertising. But I'd claim that the money is actually going to anthropic and to a lesser extent openai
Yes, I'm talking about advertising (or marketing budget, from most companies, going to advertising and not websites and apps).
AI is definitely disruptive to technical work though but how do you attribute it without confounding it with the economy weakness or just people transitioning in their own career? Not an easy task.
I'm kind of surprised that this is even moving the needle. Really, what do you expect from a "profession" that has been trying to lower the entry level to a point where anyone with access to an AI is a programmer? I remember when folks had to have a degree to enter the "profession" of software developer. Nowadays all you need to be a "programmer" is access to AI. And correspondingly the quality of the output has fall…
I know the stock markets are higher than ever due to AI investment. But the real economy may not be in a great shape hence the layoffs.
While the cause may be not be AI, but instead policy, e.g. tariffs. But also multiple conflicts ( Ukraine , Iran, Lebanon), leading higher oil , gas, critical raw material prices. China heavy exporting economy but not having domestic demand to fuel growth and bilateral trade with other countries.
All leading to less consumer consumption, slower economy , more layoffs to cut costs, less consumer consumption etc.
So no ai related but many external factors at the same time. But ai is hiding the pain due to the high stock market valuations. Which may explain that despite all the usual recession symptoms we aren’t treating it as a recession.
I am curious what other think.