The "AI" Bubble - If Not an Elaborate Ponzi Scheme - is Bursting Already (Just Not Overnight)
Tomorrow or later today we'll publish Part III of the ongoing series [1, 2] about Microsoft's financial fraud, more latterly facilitated by branding or rebranding everything as "AI" - a misleading and meaningless misnomer in those contexts (they just got plagiarism as a service to spew out some words, which are usually false and barely make sense to an actual expert).
Over in IRC, admfubar has mentioned this new article. To quote:
Tech layoffs for AI, but Wall Street ready for stellar earnings
[...]
Microsoft announced that it is letting go nearly 2,000 workers from its gaming division, fallout from its blockbuster buyout of Activision Blizzard, the maker of "Call of Duty."
As a reminder, last year we already showed that Microsoft laid off "AI" staff in its own core divisions, not "Activision Blizzard" or some studio.
Microsoft does not want anyone to say this (its aggressive trolls have been supremely abusive to me and my family lately), but the bubble was failing months ago and now they just rebrand everything, fake "demand" by buying from themselves, falsify their financial reports, and still hope that gullible shareholders will go along. They're throwing investors money into the 'new crypto' (i.e. energy-consuming scam).
Enron-style accounting has become the "new normal". Microsoft keeps bribing its whistleblowers, who spoke candidly about the financial fraud (e.g. Charles Pancerzewski). Microsoft has been doing this since the late 90s, but don't check Wikipedia. Microsoft pays Wikipedia for manipulation, revisionism, and censorship. █
"Microsoft, the world’s most valuable company, declared a profit of $4.5 billion in 1998; when the cost of options awarded that year, plus the change in the value of outstanding options, is deducted, the firm made a loss of $18 billion, according to Smithers."