@DKThomp Microsoft and Uber cutting AI spend is actually bearish for these two companies. Like you are telling me you still need every single one of your ten thousand devs in the age of Codex and Claude Code? For real?
@seanpianka@gave_vincent China doesn’t have enough internal demand. It’s trying hard to export supply and grab demand from other countries. It’s fine if it’s from a smaller economy. Not fine for China’s size. Hence the rise of global protectionism. China’s fate will be exactly like Japan’s in the 90s.
@mukund I also don’t understand the hate Meta is having. Zuck pays extremely well and these people have been getting insanely good TC. Getting paid 300k for not doing much is not anyone’s birth right.
@citrini So far all the investments are driven by real revenue. Anthropic and to a lesser extent OpenAI are still growing revenue exponentially by the month. As long as we don’t see the equivalent of “eyeballs instead of dollars” circa dot-com late 90s we still have ways to go.
@daniel_p_gross What was the impact on wages of those more specialized telephone operators who survived automation? Did their wage rise or fall in real terms post automation?