▲ 720 ▼ Microsoft laying off about 6,000 people, or 3% of its workforce (www.cnbc.com) submitted 1 year ago by aramova@infosec.pub to c/technology@lemmy.world 223 comments fedilink hide all child comments cross-posted from: https://lemmy.world/post/29608536
[–] FreedomAdvocate@lemmy.net.au 2 points 1 year ago (2 children) Are you sure about that? permalink fedilink source parent hideshow 4 child comments replies: [–] jenesaisquoi@feddit.org 6 points 1 year ago (1 child) The stock reflects peoples beliefs, not facts permalink fedilink source parent hideshow 2 child comments replies: [–] FreedomAdvocate@lemmy.net.au -1 points 1 year ago (2 children) And if people’s beliefs are that their AI deals are good, prices will go up. That’s ROI baby! permalink fedilink source parent hideshow 4 child comments replies: [–] Wooki@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (1 child) No, that is not ROI, that would be growth above the normal growth for products and services. Problem being that they are just spinning normal growth as AI growth. Internally, they will not be seeing the growth realised. Billions spent and for what? A word predictor that is benchmarked at halucinating 80-90% of the time. Its simply appauling value when the content users get is wrong 80-90% of time, realised or otherwise. Utilization will be starting out high and falling off a cliff risking deepening reputational damage on the back of the thriving open source community. permalink fedilink source parent hideshow 2 child comments replies: [–] FreedomAdvocate@lemmy.net.au 1 point 1 year ago (1 child) Where are you getting your 80-90% hallucinations figure from? permalink fedilink source parent hideshow 2 child comments replies: [–] Wooki@lemmy.world 1 point 1 year ago Recent research study I read that looked reasonable, it was posted here on lemmy. I'll try and find it when I have time and edit this post. permalink fedilink source parent [–] supersquirrel@sopuli.xyz 0 points 1 year ago *For now permalink fedilink source parent [–] Wooki@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (1 child) Absolutely, Natella (intentional) has commented about the valueless hype for one. The stock value has little to do with short term returns especially considering they have more than 1 income stream. I would expect a correction in 12-24months as openai cash starts running dry and it begins reflecting in their stock value first and foremost. Right now their stock value is pretty much flat. US market instability may put some serious pressure on the US tech stocks in the coming year, those 10 year bonds are not looking good. permalink fedilink source parent hideshow 2 child comments replies: [–] FreedomAdvocate@lemmy.net.au 0 points 1 year ago (1 child) AI isn’t just hype though, especially not in ways that Microsoft as a huge service provider can use and provide it. permalink fedilink source parent hideshow 2 child comments replies: [–] Wooki@lemmy.world 0 points 1 year ago Yes, it is. Read the first line of my post above. permalink fedilink source parent
[–] jenesaisquoi@feddit.org 6 points 1 year ago (1 child) The stock reflects peoples beliefs, not facts permalink fedilink source parent hideshow 2 child comments replies: [–] FreedomAdvocate@lemmy.net.au -1 points 1 year ago (2 children) And if people’s beliefs are that their AI deals are good, prices will go up. That’s ROI baby! permalink fedilink source parent hideshow 4 child comments replies: [–] Wooki@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (1 child) No, that is not ROI, that would be growth above the normal growth for products and services. Problem being that they are just spinning normal growth as AI growth. Internally, they will not be seeing the growth realised. Billions spent and for what? A word predictor that is benchmarked at halucinating 80-90% of the time. Its simply appauling value when the content users get is wrong 80-90% of time, realised or otherwise. Utilization will be starting out high and falling off a cliff risking deepening reputational damage on the back of the thriving open source community. permalink fedilink source parent hideshow 2 child comments replies: [–] FreedomAdvocate@lemmy.net.au 1 point 1 year ago (1 child) Where are you getting your 80-90% hallucinations figure from? permalink fedilink source parent hideshow 2 child comments replies: [–] Wooki@lemmy.world 1 point 1 year ago Recent research study I read that looked reasonable, it was posted here on lemmy. I'll try and find it when I have time and edit this post. permalink fedilink source parent [–] supersquirrel@sopuli.xyz 0 points 1 year ago *For now permalink fedilink source parent
[–] FreedomAdvocate@lemmy.net.au -1 points 1 year ago (2 children) And if people’s beliefs are that their AI deals are good, prices will go up. That’s ROI baby! permalink fedilink source parent hideshow 4 child comments replies: [–] Wooki@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (1 child) No, that is not ROI, that would be growth above the normal growth for products and services. Problem being that they are just spinning normal growth as AI growth. Internally, they will not be seeing the growth realised. Billions spent and for what? A word predictor that is benchmarked at halucinating 80-90% of the time. Its simply appauling value when the content users get is wrong 80-90% of time, realised or otherwise. Utilization will be starting out high and falling off a cliff risking deepening reputational damage on the back of the thriving open source community. permalink fedilink source parent hideshow 2 child comments replies: [–] FreedomAdvocate@lemmy.net.au 1 point 1 year ago (1 child) Where are you getting your 80-90% hallucinations figure from? permalink fedilink source parent hideshow 2 child comments replies: [–] Wooki@lemmy.world 1 point 1 year ago Recent research study I read that looked reasonable, it was posted here on lemmy. I'll try and find it when I have time and edit this post. permalink fedilink source parent [–] supersquirrel@sopuli.xyz 0 points 1 year ago *For now permalink fedilink source parent
[–] Wooki@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (1 child) No, that is not ROI, that would be growth above the normal growth for products and services. Problem being that they are just spinning normal growth as AI growth. Internally, they will not be seeing the growth realised. Billions spent and for what? A word predictor that is benchmarked at halucinating 80-90% of the time. Its simply appauling value when the content users get is wrong 80-90% of time, realised or otherwise. Utilization will be starting out high and falling off a cliff risking deepening reputational damage on the back of the thriving open source community. permalink fedilink source parent hideshow 2 child comments replies: [–] FreedomAdvocate@lemmy.net.au 1 point 1 year ago (1 child) Where are you getting your 80-90% hallucinations figure from? permalink fedilink source parent hideshow 2 child comments replies: [–] Wooki@lemmy.world 1 point 1 year ago Recent research study I read that looked reasonable, it was posted here on lemmy. I'll try and find it when I have time and edit this post. permalink fedilink source parent
[–] FreedomAdvocate@lemmy.net.au 1 point 1 year ago (1 child) Where are you getting your 80-90% hallucinations figure from? permalink fedilink source parent hideshow 2 child comments replies: [–] Wooki@lemmy.world 1 point 1 year ago Recent research study I read that looked reasonable, it was posted here on lemmy. I'll try and find it when I have time and edit this post. permalink fedilink source parent
[–] Wooki@lemmy.world 1 point 1 year ago Recent research study I read that looked reasonable, it was posted here on lemmy. I'll try and find it when I have time and edit this post. permalink fedilink source parent
[–] Wooki@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (1 child) Absolutely, Natella (intentional) has commented about the valueless hype for one. The stock value has little to do with short term returns especially considering they have more than 1 income stream. I would expect a correction in 12-24months as openai cash starts running dry and it begins reflecting in their stock value first and foremost. Right now their stock value is pretty much flat. US market instability may put some serious pressure on the US tech stocks in the coming year, those 10 year bonds are not looking good. permalink fedilink source parent hideshow 2 child comments replies: [–] FreedomAdvocate@lemmy.net.au 0 points 1 year ago (1 child) AI isn’t just hype though, especially not in ways that Microsoft as a huge service provider can use and provide it. permalink fedilink source parent hideshow 2 child comments replies: [–] Wooki@lemmy.world 0 points 1 year ago Yes, it is. Read the first line of my post above. permalink fedilink source parent
[–] FreedomAdvocate@lemmy.net.au 0 points 1 year ago (1 child) AI isn’t just hype though, especially not in ways that Microsoft as a huge service provider can use and provide it. permalink fedilink source parent hideshow 2 child comments replies: [–] Wooki@lemmy.world 0 points 1 year ago Yes, it is. Read the first line of my post above. permalink fedilink source parent
[–] Wooki@lemmy.world 0 points 1 year ago Yes, it is. Read the first line of my post above. permalink fedilink source parent
