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Microsoft CEO Concerned AI Will Destroy the Entire Company
(futurism.com)
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
Yeah, Nadella's fear is that the company will be doomed if they don't do AI hard enough, while any sane observer can see that his obsession with AI is leading them to throw hundreds of billions into a burning trash fire with zero gain to show for it. Microsoft still refuse to break out their AI earnings, which is proof enough that it's making them close to zero profit (not counting the money OpenAI is throwing at them for compute). But everyone close to Nadella has been saying for a while that he's genuinely monomaniacal about AI. He cannot see reason on this issue.
It's Zuck and the metaverse all over again.
A cautionary tale that even the Zuck didn't learn, given how much money he's fruitlessly burning on bad AI and Ray Ban partnerships.
The only people actually making money off this whole thing are Nvidia, because if there's one solid bet in a gold rush it's selling picks and shovels.
That's drying up for even Nvidia if the circular investing we're seeing is any indication
Yeah, which is a problem for their share price, but not for their bottom line.
Like, the worst case scenario for Nvidia is they go back to merely being the world's biggest supplier of GPUs. Oh boo hoo hoo. They will see a massive correction to their share price, and the execs would all rather tht didn't happen because it will destroy a lot of their newfound personal fortunes, but the company itself will be fine (unless they've massively over leveraged themselves with their shares as collateral).
You mean convince investors to GIVE THEM more money.
That would be OpenAI. Microsoft just borrows money against their share price when they need capitalization, they don't have to beg for it.