The irrational exuberance is a drug and Jensen is in part one of the drug dealers who caused it.
Then stop firing them because of AI
They not firing them for AI. It’s just a justification to fire because they over hired, atleast in the tech industry when money was cheap.
I mean true in some cases maybe. But literally every company is looking to find ways to make the imaginary number in the stock market go up. Which means outsourcing jobs to places like India or Southeast Asia (and exploring them), for ‘contractors’ and then probably equipping them with AI so they can actually do something.
How McDonald’s spent who knows how much money to put in different drive-thru speakers. They’ve tried multiple times to use call centers out of India so they don’t have to pay someone local. I’ve lost count of how many different drive-throughs I’ve gone through and just got an AI agent taking my order. They will literally use AI so they don’t have to pay somebody minimum wage.
whats worst is medical notes are being written with AI. i looked at after office visits from my doc who is part of an HMO. the notes were filled with strange mispelled words, and incoherent grammar. i think alot of health providers are using AI to do thier notes now.
I would love to know how AI, which just steals and shares info doesn’t violate HIPPA. Do they just append “and please don’t share this data.” and hope it works?
AI companies offer HIPPA compliant services. They have zero data retention policies (supposedly).
It’s possible to do some server side AI stuff with decent privacy guarantees. Apple utilizes homomorphic encryption to do stuff like landmark ID in photos, which is neat.
record profits after laying off HORDES of tech workers. and then hire only a small amount “senior” experience tech workers and probably low wage workers from other countries and then rinse and repeat.
the layoffs are because of greed, plain and simple.
Not supposed to say the quiet part out loud
When Nvidia jumped on the AI hype train at the expense of retail customers, the first thing I did was pull my $ out of their stock and invest in Taiwan Semiconductor manufacturing and Samsung electronics. Chips are still going to get made; now the fabricators can get my investment $ directly and Jensen Huang can continue to enjoy the smell of his own brand without my cash.
“It was just a way for them to sound smart and I really hate that,” the CEO argued.
Aww, poor lil’ fella, tried to juice his stock by selling AI as the second coming, and now he’s mad that other CEO’s are trying to juice their stock by trying to sell AI as the second coming.
Lol it seems they are feeling that gaining public opinion might be important to try and get their awful plans off the ground
On one hand, fuck that guy and what he’s trying to do to the world.
On the other hand, he’s saying the CEOs are lazy and want to look smart. Can’t argue with that point, even if it’s a small piece of a larger stream of bullshit.
Oh, but “we are cutting workforce to invest in AI” sounds much better than “we are cutting workforce, because we struggling in current economy”.
Or "we’re cutting workforce because we’re greedy sociopaths more inclined to appease share holders’
betting habitsinterest than create a quality product that our longstanding workforce understands and can support, even though AI can’t really’Yeah Jensen, what else am I supposed to do with AI but use it as a scapegoat?
That’s the rub. They don’t even say “we are cutting workforce to invest in AI”, they say “we are cutting workforce because we’ve already replaced people with AI”, which they have not. They’re just such hype driven buffoons that they actually believe that LLMs are going to easily replace the people they just cut in their hubris.
Saying they’ve cut people to invest in AI is actually a little more honest because it admits that they haven’t actually already succeeded.
Maybe this POS is just starting to fear for his life if this goes on
“I’m fucking our employees, but you’re forbidden from explaining that it’s because I’m milking their misery for my own enrichment!”
Nvidia is only begging because they didn’t realise that putting out a free product that essentially makes most work redundant would bite them in the ass as it would mean less people able to buy their products.
Oh, and because they’re worried about what happens when they start charging the companies who fired everyone the real price of the AI service they’re currently providing for free.
Nvidia is not selling AI, they sell the hardware the AI runs on. They’re selling shovels in this gold rush, but they forgot the one golden rule: “Cash up front”.
Am surprised AMD isn’t doing BS like this (especially the CEO is the cousin of the CEO OF AMD)
“How is it possible that AI became productive and useful only six months ago, and they were somehow laying people off two years ago because of AI?” he added. “It doesn’t make any sense.”
This is very telling. Jensen is pulling this “6 months” figure completely out of his ass here, but the reason why he wants that number to be true is because it moves the goalposts. If AI hasn’t actually, really, been here for even a single fiscal year then it explains away everything. Suddenly the fact that it’s made zero impact on productivity, that no one is making any profit on it, all of that becomes justified. “It’s still early.” You’ll recall that this was the narrative around crypto too. Every time anyone criticized anything about it a herd of sheep would bleat “It’s still early” even over a decade into the technology existing.
Investors are starting to ask serious questions about when these tools are actually going to start delivering greater productivity to their companies. Managers are starting to get the screws put to them about why their budgets are ballooning to cover subscription and token costs with nothing to show for it. Jensen can’t have that, because AI is the whole reason why his company is on top of the world, so he’s trying to reset the clock.
For the record, there’s absolutely no evidence to suggest that AI has ever become productive and useful, but that wouldn’t fit Jensen’s narrative either. So instead he has to invent a world where AI is totally productive, 100% useful, just trust me! When did that happen? Oh, just now. That’s, um… Yeah, that’s why you didn’t notice. It just happened, right before you walked in.
Crypto and AI could have been a good thing. The politicians, criminals and free-loaders ruined it.
Transformer model AI has atrocious unit economics. The only way it really works is in some kind of post-scarcity environment where we simply don’t care how much it costs to run.
Crypto only solves problems it creates, or creates new problems out of the ones it solves. It’s a horrendously complicated way of wasting compute power to ultimately achieve nothing.
Monero is a good form of crypto, it’s ACIS resistant so it doesn’t require a big server to mine them. It’s also really good for anonymous transactions.
Transformers aren’t supposed to be used for big problems that require too much data. But there’s use cases for them.
If AI hasn’t actually, really, been here for even a single fiscal year then it explains away everything. Suddenly the fact that it’s made zero impact on productivity, that no one is making any profit on it, all of that becomes justified. “It’s still early.”
I think you’ve nailed it.
I clearly remember 2023 being the year where AI and ChatGPT hit the mainstream. Looking back, nvidia’s stock price had already doubled in the first half of 2023.
about the same time they laid off massive amount of tech workers.
This guy is and abslout lying cunt, and always will be, same guy who’s running a 5.2 trillion dollar company and was worried about their profits cause people are questioning their wretched AI schemes
