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Nvidia said that they saw weakness in the upcoming months due to companies overextending themselves on AI-related spend. Meta has frozen AI-related hiring. Most
by gamblor956 1y ago
Nvidia said that they saw weakness in the upcoming months due to companies overextending themselves on AI-related spend. Meta has frozen AI-related hiring. Most AI startups have also paused hiring. AI funding went from "say AI and get $100m" to a parched desert in the space of about 4 weeks. There was a well-publicized MIT study about it 2 weeks ago that found most companies saw little to no benefit from AI, and now non-tech companies are not only no longer bragging about AI in their marketing materials, they're actually cutting back or eliminating their AI spend.
- latchkey 1y agoYou're obviously bearish. I'm not. My own anecdotal evidence suggests otherwise to the things you're pointing out. I personally get benefits from consuming AI in my own life. I willingly pay for the service. I'm excited to watch it progress and improve. On the business side, our customer base and usage is growing. We mostly service businesses building useful AI utility. I'm totally excited to watch this play out however it goes.