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Well no, it's not in pivot to AI. That's the OpenAI/Microsoft/Others narrative that the FT happily goes along with. It's because another thing called capitalis
by camillomiller 3y ago
Well no, it's not in pivot to AI. That's the OpenAI/Microsoft/Others narrative that the FT happily goes along with.
It's because another thing called capitalism and free market. They just hired too many people because of low cost of money, covering many project bets that they wouldn't have pursued if money wasn't as cheap. Now they're cleaning up. That's it. It's not AI. Shame on the FT for pushing the narrative.
- mypastself 3y agoWithout getting into whether or not FT’s analysts are correct, wouldn’t redirecting budgets from human employees to AI development also be part of a free market at work? Even more so than responding to zero interest rates and subsequent increases (which are actually caused by an external, “non-capitalist” factor, the state).