It wasn’t over night but it did exactly what it intended and sped up a battle significantly as though you had multiples of troops compared to a musket firing line
I mean Dorsey literally just said publicly that he’s laying off people in order to utilize AI
like what more clear point do you want?
Whether or not you believe that this is a good or bad move, correct or lying move, whether AI is capable or not,
“AI” is the reason that CEOs are utilizing to cut roles
The timing of this is based on the fact that Capital is striking from deploying money to anything else outside of the largest deals that include AI as promise of higher profits
But ultimately it comes down to the fact that the people in control with all the money believe that the future is gonna need less human workers and is prioritizing giving money to organisms that will shed their workforces in order to run an experiment in AI capturing value on behalf of investors without having the additional overhead of personnel
Dorsey is in a huge bind with runway and lack of revenue. Blaming AI for a massive cut needed just to get by lets investors trick themselves into believing that he has a plan that makes the company grow to reach the level of profitability that the stock prices suggests will happen.
And perhaps Dorsey has a long enough of a runway for something to come along to save the company from eventual collapse. Maybe not, since firing 40% of a company tends to put a damper on innovative efforts that would massively grow revenues.
I think the point is that these tech leaders can be saying "AI" to appeal to their board/shareholders, but the truth is more mundane typical reasons for layoffs (bad economy, overhiring, offshoring, bad debt, etc).
If Block is really so much more efficient, while doing well, they should invest that talent into expanded products and services. But that’s not what we’re seeing.
Some things:
- They acquired AfterPay for $29bn. Their market cap today, after the big AI bump, is $40bn. BNPL did not pay off the way payments companies thought it would.
- They have a weird internal combination of Cash and Square and AfterPay internally. They’re not as unified as they ought to be.
This feels more like Jack coming to terms with a company that’s hugely inefficient organizationally. It’s easier to clear out thousands of people and rebuild.
I think COVID ruined people's ability to critically think. The amount of people in both journalism and across the economy, people are just taking the words of others (often those with malicious intents) with zero critical thought being applied.
For Block's case they have had multiple layoffs over the last 5 years, hardly the sign of an AI apocalypse and more of a sign of a business leader that only survived because of free money.
By being a distraction to the administrations immigration and deportation efforts and lack of capital vehicles that can return extreme profits
Vaccines don’t cause autism
But Oprah and Jenny McCarthy spread enough bullshit that it led to more cases of children dying because they were out there distracting from the real problem which is not enough vaccination
Real job losses come from company heads fundraising on the promise of automation and then with that additional capital they lay people off
in the same way funding funds research and development or offshoring fund “efficiency improvements” and the externalities of that are higher unemployment
> Running deepseek 6B on the Private LLM app on the iPhone 13 basically set my phone on fire
Hey, I’m the author of Private LLM. I hope you’re joking about the phone catching fire. Btw, there’s no DeepSeek 6B model, you’re likely talking about the DeepSeek Distill 7B model.
Yeah, I agree. Really hard to fit anything larger on the 4GB of RAM on the iPhone 13 of which, only about (depending on what iOS version you're on) 2.1-2.5GB is usable by apps.
Seems like a collapse of the alcohol market would be a benefit on the order of removing leaded gas
But don’t let my biological logic stand in the way of cultural madness - if a coherent society in your view requires a poison in order to facilitate then that society is probably not worth keeping going
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