dont worry govt bailouts with public money with will come in. Socialism for the rich and capitalism for the poor.
Comment on Zig quits GitHub, says Microsoft's AI obsession has ruined the service
TheFeatureCreature@lemmy.ca 3 weeks ago
Microsoft has gone all-in on AI to the detriment of basically every other aspect of their business. They are in deep deep shit when the bubble finally pops.
PrinceOfSloth@lemmy.zip 3 weeks ago
rhubarb@lemmy.world 3 weeks ago
It’s not socialism, it’s welfare.
_stranger_@lemmy.world 3 weeks ago
only if you consider companies as people.
rhubarb@lemmy.world 3 weeks ago
I’m not agreeing with it but if it were socialism we would at least have public ownership of the bailed out company. Any bailout would just be corporate welfare with little return
Zorque@lemmy.world 3 weeks ago
That’s the same with socialism, though.
pastermil@sh.itjust.works 3 weeks ago
Welfare? For billion dollar companies? That’s rich.
rhubarb@lemmy.world 3 weeks ago
There’s a ton of precedent. Welfare for the rich is justified all the time while those who truly need it are see less and less
jali67@lemmy.zip 3 weeks ago
Completely gave up on the console wars thing too for AI. Such ridiculous leadership by Sadya
MrScottyTay@sh.itjust.works 3 weeks ago
Azure might keep them afloat but everything else will likely crumble and they’ll have to downsize to mostly just being a cloud provider.
Dojan@pawb.social 3 weeks ago
Gods I wish for this.
boonhet@sopuli.xyz 3 weeks ago
Don’t worry, they have like 250 ERPs too. And they’re way more expensive than, say, Odoo, though I guess not as expensive as SAP.
Appoxo@lemmy.dbzer0.com 3 weeks ago
Sorta like AWS and Amazon (but that Microsoft may crumble?)
Rooty@lemmy.world 3 weeks ago
Fingers crossed 🤞
ChickenLadyLovesLife@lemmy.world 3 weeks ago
Microsoft’s business model has always been getting businesses who are even stupider than them to give them tons of money. Nothing is ever going to change that calculus.
clot27@lemmy.zip 3 weeks ago
like any other tech giant
OldQWERTYbastard@lemmy.world 3 weeks ago
And I am so ready for the bubble to burst.
15% of the total United States GDP is a single company. I struggle to comprehend the scale of that, but one thing is for certain; it’s going to bite us in the ass eventually.
kinsnik@lemmy.world 3 weeks ago
no, it is not. you struggle to comprehend it because it is not true. it is comparing different things. one is a valuation, the other is the value of goods and services over a year. the comparision would be with yearly revenue of a company
wewbull@feddit.uk 3 weeks ago
The stat that’s going around at the moment is that 30% if the GDP is transactions between the “Magnificent 7”. That one is fair because it’s economic activity.
The underlying economy is in recession with the AI frosting on top pushing it to break even levels.
Bronzebeard@lemmy.zip 3 weeks ago
That one is even more ridiculously untrue.
OldQWERTYbastard@lemmy.world 3 weeks ago
Thanks for the clarification.
SkunkWorkz@lemmy.world 3 weeks ago
Stock valuation of a company is not calculated int the GDP. Only domestic revenue is. There is no company that makes trillions in revenue.
OldQWERTYbastard@lemmy.world 3 weeks ago
True, but Nvidia’s market cap is still equal to 15 percent of 30.486 trillion. What’s worse is that it’s ALL built on speculation.
This house of cards WILL fall.
wewbull@feddit.uk 3 weeks ago
Nvidia is less speculation that the other companies mixed up in this. They at least sell physical goods which they’ve been shipping.
Microsoft, Google, X, Meta - Oh boy!
Cyberflunk@lemmy.world 3 weeks ago
15% of American GDP is approximately $4.57 trillion.
OldQWERTYbastard@lemmy.world 3 weeks ago
Absurd, isn’t it?
Grainne@lemmy.dbzer0.com 3 weeks ago
It’s not one company, but the top 5 companies make up 40% of South Korea’s economy, with the top 30 76.9% of their GDP. It’s scary to imagine the power they wield.
boonhet@sopuli.xyz 3 weeks ago
Power over their lives? Nonsense, the people of S
amsungouth Korea are free to leave their Samsung apartments to work at the Samsung office, built by the Samsung construction company using Samsung heavy machinery, any time they want! If they were to get injured on the way, they’ll get treated at Samsung Medical Center and not to worry, of course their Samsung insurance will cover it.