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I made a comment elsewhere but FAANGs can do aggressive layoffs because the startup ecosystem is so much harsher these days. If (non-AI) startups no longer pos
by Bukhmanizer 1y ago
I made a comment elsewhere but FAANGs can do aggressive layoffs because the startup ecosystem is so much harsher these days.
If (non-AI) startups no longer pose an existential threat to your organization, then why do you need to spend so much on talent? Your users won’t have anywhere else to go.
- owebmaster 1y agoExactly that. The startup scene is dead and killed venture capital. But some recent acquisitions might change that, especially openai acquiring io and meta scale ai for billions while also paying up to 9 digits salaries to 50 newly recruited AI scientists. We are watching the birth of the one-person startup
- Bukhmanizer 1y agoYep and note that AI is the big exception to that largely due to the lack of established regulation that heavily favours incumbents that a lot of tech ecosystems now suffer from.