Summary: We now have a 'tech' industry that consolidates around buzzwords, hype, and false promises

"Clown computing" hype, as noted by Ryan just moments ago, isn't working out for Microsoft.

Microsoft and Facebook aggressively lay off staff (the press focuses on the latter while parroting false figures from Microsoft to belittle the scale of the layoffs at Microsoft). They lay off their own while insisting that "AI" is the future. Microsoft even tried to claim that "AI" is replacing its own staff (that's false). They both bet on "metaverse" too, but Microsoft fired all the staff associated with that (the press hardly mentioned this!).

Look at the news today:

"AI" has been an expensive (paid-for) smokescreen. Microsoft is misleading shareholders, who don't even fully understand that they're being sold a lie. "AI" is nothing new and it's just some abstract term. The chaffbots aren't even producing useful output. They're full of errors. It's not viable.

There are of course other hype waves, not just "clown" or "AI" or "metaverse".

Consider so-called 'self-driving' or 'autonomous' vehicles -- a dangerous pipe dream that boils down to regulators who are bribed or not sober. How are those companies performing? All of them down sharply, including the home of 'Gulagboy' (a company trying to get acquired by Microsoft):

Also consider 'crypto'. The Linux Foundation is connected to this fraud [1, 2, 3]:

Jim Zemlin's wife has run away from the scene of the crime, trying to dodge prosecution -- or maybe even arrest -- for what she did there.

All this nonsense, an ocean of buzzwords, won't end well. ⬆