When a Company Says Its Layoffs are "Due to AI" Check the Debt (Typically the Real Reason for Mass Layoffs)
This year: Microsoft's Debt Exploded by More Than 20 Billion Dollars This Past Year, Says Microsoft
Finally somebody says it like it is about the butcher-faced Larrison (megalomaniac), as we pointed out right from the start [1, 2].
So-called "AI companies" are drowning in debt, not "investment". Their products suck, sales are fact declining, prices rise (not everyone will put up with price hikes, it's just an effort to compensate for declining sales), and there's no long-term strategy.
Take Microsoft for example. We could instead take some other GAFAM company or IBM, but let's focus on Microsoft for example's sake.
This week (i.e. today and yesterday) we see the CEO (Nadella) going out of his way to pretend XBox is NOT dead. This means that it IS dead and the CEO panics about the powwow or discourse online (if it is presumed dead, game developers would not bother targeting it, hence fulfilling the prophecy). If it was NOT dead, he would not have to issue STATEMENTS about it, as practical things would speak for themselves. XBox is dead.
XBox loses so much money that it's not even funny. Actually, well, if you dislike Microsoft, then you might find it funny.
The mass layoffs at Microsoft continue, but Microsoft hides those in some of the same ways IBM does.
To Microsoft, all this "AI" BS is just a smokescreen; Microsoft is going up in smoke. █