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#meta#won#pay#bills#companies#labs#money#zuck#layoffs#course
Discussion Sentiment
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Discussion (7 Comments)Read Original on HackerNews
Elon firing half of Twitter just normalized layoffs to such an extent that it’s considered par for the course now, of course macroeconomic conditions have changed but layoffs were always a bit taboo in tech.
To all the sheep at Meta who weren’t sacrificed because Zuck thought it would look too bad on him, how do you know your game is up at Meta ?
No AI companies were able to make profit so far, and unemployed masses surely won't buy expensive ChatGPT subscriptions.
Will AI labs make profit from AI using companies? Hardly, unemployed masses can't and won't buy their products either, therefore they won't be able to afford even more expensive ChatGPT Enterprise subscriptions. (For crying out loud, even big corps like Uber can't pay all their AI bills.)
And if AI labs have no profits, how are they supposed to pay the hyperscalers for computing capacity? They will run out of investor money pretty soon.
And if hyperscalers can't rent out their data centers to AI labs, how are they supposed to pay for the electricity (gas/diesel/etc.) and water bills and repay their already enormous debts?
I honestly don't see how replacing all workers with AI could be profitable at all.
Their companies perfected the addiction/extraction economy.