Big tech boss tells delegates at Davos that broader global use is essential if technology is to deliver lasting growth
The stone hasn’t bled enough. Squeeze harder.
- The American Economy
I can’t wait for the full on gaslighting to start. They’re going to tell us that the economy will fall into recession if we don’t embrace AI.
Capitalism: “The customers get decide what suceeds and what fails!”
Capitalism: “What a load of horseshit, and they’ll eat it up, too, the idiots.”
Always incredible to me how staunch supporters of capitalism are routinely ok with handouts to the tune of billions of dollars when they aren’t getting any real benefit. They’re even the type say they don’t negotiate with terrorists and I guess they’re right, since they just immediately fall to their demands.
Finally some good news.
I for one look forward to buying a dirt cheap GPU in about 2 years.
Get fuct “big tech boss”
Translation:
“AI bubble could burst without us shoehorning it into everything, Microsoft chief Satya Nadella warns”
Come on guys, the copilot button is right there…
getting nervous
Any moment you want! Hehe.
sweating intensely
Just right there for the clicking to improve your life.
Looks over his shoulder at the pile of money that’s burning to ash
Big tech boss tells delegates at Davos that broader global use is essential if technology is to deliver lasting growth
Let me rephrase:
“Smart” entitled person says our product is not showing value, so we need to force people to use it more than we already are after years of cramming it down their throats.
Man, I cannot wait for the comedy movies that come out based on this farce, explaining exactly how these jokers lost all their money.
Lost? More like took all our money.
The best comedies will be made by them… like the NFT cartoon that was made using the bored ape pictures that was so bad that even the biggest advocates of NFTs had no idea what the hell they were doing.
Unless someone bails them out.
Who’s going to do that? Everyone with any money is already leveraged up to the eyeballs in this shit.
oh honey, it’s going to be tax dollars
So you’re saying they’re too big to fail?
Oh, we’ll see about that.
The key difference between tech giants and the banks, is the tech giants aren’t holding everyone’s money hostage.
Sure, those gen Z kids will lose all their photos of grandma because they couldn’t fathom a world without Instagram, but we’ll cope.
No, but when the AI bubble bursts it will wipe out between roughly 40% and 60% of the value of the US’s stock market, depending on which estimate you go by. For comparison, the initial crash of 1929 saw the stock market losing around a third of its value.
So either the government does bail them out, or it’ll be worse than that crash was.
Neither option is good for the little people
They’re all so deep in debt on this shit, if it doesn’t work, titans will fall.
The era of self owns continues
🤞
Pictured: Nadella holding in his hands all the profit M$ can make in the next 30 years even if AI booms like he really really really wants it to.
artificial intelligence (AI) risks becoming a speculative bubble unless its use spreads beyond big tech companies and wealthy economies.
Oh, you mean there is a risk it becomes the thing it already is? Boy, imagine that!
The really funny thing is how he says that “the benefits need to spread outside the tech sector”. Golly gee, I wonder why other sectors haven’t benefited yet! Could it be that it’s not worth the hype and it does not improve anything that typical computer systems are already working on, like managing electrical grids, keeping track of shipments, avionics, etc? Nah, it’s all the doomers’ fault
I can only hope that THIS time, with the sheer amount of information available, that future historians will convince society that it’s better to run society based on evidence and progress and humanity.
We have the old boys club running our companies, grifting and building a giant economic bubble to make a quick buck they have no use for, and casually destroying some of the most valuable brands out there.
They are running many of our governments too, and that’s not working great.
Don’t tease us with a good time, fucker.
