Bonum Certa Men Certa

Wall Street is Abandoning Microsoft, Seeing That the G.A.I Hype Parade Was All in Vain (It's Losses, Not a Prospect of Profits)

posted by Roy Schestowitz on Oct 24, 2023

Fox Hounds Hunting Scene: Public domain vintage art hunting scene with horses and fox hound dogs

THE future of Microsoft does not look bright at all. We wrote several articles yesterday to cover numerous facets of this. We'll try not to repeat what we wrote yesterday.

What will Microsoft tell shareholders when they find out all this chatbot (not "AI") thing boils down to very expensive marketing campaigns and almost nothing else? Money down the drain again? At whose expense? The shareholders'? Laying off tens of thousands of workers to ramp up fake 'articles'? Oh, and by the way, "marketing campaigns" means bribing publishers for inane, mindless churnalism, in effect corroding the journalism industry all around the world (what's left of this industry anyway)...

So earlier on today [1] (covered here too) we talked about indicators of further layoffs, some of them imminent.

Conspicuously, Microsoft shuts down its fake 'growth' area. To quote a respected news site: "The move [shutting down offices] comes weeks after the company opened a new artificial intelligence lab in the offices, where it is offering free co-working space for clients in the fast-growing industry. Microsoft-owned LinkedIn also just listed part of its 222 Second St. offices for sublease in South of Market and laid off 668 employees."

So what will happen to this "new artificial intelligence lab"? Considering the fact that chatbots are technically not artificial intelligence, what were these workers assigned to actually do? Cushion the hype campaigns? Take 6-figure salaries for vapourware?

Meanwhile, as per a new report, not only have investors lost interest in the G.A.I. "pixie dust" (false promises). "Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies' third-quarter earnings," says this new report [2].

Chatbots are not "AI" and this is just another round of "pump and dump" while Microsoft lays of tens of thousands and pays billions in interest payments on the debt, plus it owes the IRS almost 30 billion dollars.

Meanwhile, as we explained yesterday, Microsoft seems to be planning bad, rogue things - even worse and more harmful (to society) than tax crimes. There's this newly-expressed concern in the media "About Gaming Acquisitions". [3]

Is Microsoft offloading its massive debt into yet another gaming company (Microsoft dismantled and disbanded many game studios it bought, writing them off as "toxic assets" in some bankruptcy, i.e. not paying liabilities)?

The very dirty accounting tricks at Microsoft are well documented ("tricks" is actually a euphemism; those are crimes, including fraud), but the United States government has not yet arrested anyone at Microsoft for it. Instead it bailed out Microsoft at taxpayers' expense (while ironically Microsoft has illegally evaded tens of billions of dollars in taxes).

Later they wonder why people become cynical about this two-party political system, controlled by plutocrats like Bill Gates.

Related/contextual items from the news:

  1. Microsoft tries to dump office space at one of S.F.’s tallest towers

    Microsoft has listed up to 49,000 square feet for sublease in one of San Francisco’s tallest towers, 555 California St.

    The tech giant is offering sublease space as small as 4,500 square feet up to 49,000 square feet, with a term through May 2029, according to marketing materials viewed by the Chronicle.

    The move comes weeks after the company opened a new artificial intelligence lab in the offices, where it is offering free co-working space for clients in the fast-growing industry. Microsoft-owned LinkedIn also just listed part of its 222 Second St. offices for sublease in South of Market and laid off 668 employees.

  2. Hedge funds trim exposure to megacap tech stocks, banks say

    Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies' third-quarter earnings, two Wall Street banks said....

    [...]

    Microsoft will report its Q1 earnings after the bell on Thursday, as investors look for signs that its AI investments are paying off.

  3. Former PlayStation Boss Shares Major Concern About Gaming Acquisitions

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