*Few more billion.
I sometimes wonder if silicon valley tech businesses in general will take a reputation hit with investors when this bubble bursts, it’s gonna be a doozy.
But then I remember how many greedy idiots there are out there pumping money into grifts in the hope of The Big Win, and my expectations of consequences are tempered.
sobchak@programming.dev 1 week ago
I think it’s driven by the investors. In the case of big tech, the large institutional investors are rewarding companies any time they say “AI” and lay off workers. In the case of startups, VCs are almost exclusively investing in startups that use “AI,” and have a lean or offshore workforce.