@edzitron Satya was good during the shift from on prem to cloud but he has been one shotted by AI and can't get over it, its an obsession.
He is haunted by the demise of DEC and doesn't want to be the last CEO of Microsoft.
The AI Bubble is being driven by the fantasy that AI can replace human labour cost effectively. It can’t. The cost of compute is too high. Semiconductors are too expensive. GPU’s, CPU’s, even a commodity like NAND flash memory. Power is too expensive. Water is too scarce. Key metals are too expensive. It’s cheaper for humans to do the work than burning tokens using Claude Code or OpenAI Codex. The layoffs were premature. Humans are cheaper than compute.
@HedgieMarkets If it becomes exorbitantly expensive - people just won't use it. When a product becomes metered rather than a subscription the natural instinct is not to use it.