Big Tech poured over $1.4 trillion into AI only to see a $613 billion return on investment.
* Amazon spent $313 billion and lost $291 billion
* Google parent company Alphabet spent $287 billion and lost $262 billion
* Microsoft spent $266 billion and lost $235 billion
* Meta spent $230 billion and lost $227 billion
And all these companies chosen to axe workers, blaming AI for the mass firings.
Companies push hard for AI speed, reduce human oversight to 'optimize', and then something breaks badly in production.
Not because the AI isn't good enough.
Its because humans slowly stop questioning it.
AI is an incredible tool. But judgment, accountability, and knowing when something feels off still comes from humans.
Spent some time going through a bunch of recent incidents, failures, and studies that all point to the same underlying pattern.
$GME CEO @ryancohen unpacks "half cash, half stock":
"We have the cash accounted for today, in terms of a highly confident letter from our bank for the $20 billion. Plus we've got $9 billion of cash."
"What we're proposing is for existing shareholders to take half of their investment off the table. That would be us providing them with $28 billion, which is a 40% premium from when we started buying the stock."
"And then they would be getting roughly — it ultimately depends on when the transaction closes — but they would be rolling the rest into the combined company of GameStop and eBay."
@jmkettle Wait, but then you should be able to complain about your review’s review being defamatory and that review should be removed, and then the owner should be able to lodge a complain about your review’s review’s review being defamatory and so on. Recursion at its finest.
“Non-technical teams are now shipping production code”
This is not allowed in @TrustWallet. Engineers with product sense can now ship without non-technical teams, but non-technical teams cannot ship without engineers.