United Kingdom: Microsoft Crashed Since 'Bing Chat' (LLM/Chatbot Hype), Google Search Rose Almost 3%
Contrary to what Microsoft-funded media wants people to think, the LLM-as-search thing was a disaster and Microsoft lost not only billions of dollars (building LLMs and querying them is hugely expensive) but also lost market share. This month's data for the UK: (from statCounter)
Microsoft is in trouble. A week ago it was said that the latest mass layoffs at Microsoft (also at Bing; many layoffs there last year) were due to investment in "AI". Well, where are the returns for this investment? Seems like a suicide plan:
So just like 'crypto', it's stenographers-powered Ponzi scheme. You can be deemed "most valuable" company (NVIDIA, Microsoft) based on false expectations or a Ponzi scheme in Wall Street.