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   nixCraft 🐧 (nixcraft@mastodon.social)'s status on Wednesday, 14-May-2025 14:59:15 JST nixCraft 🐧

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   In other words, all job cuts by Google, Microsoft, IBM, Meta, and other big tech directly result from AI investments that have yielded zero returns so far while paying zero money to original book writers, artists, journalists, and open-source developers as they stole their hard work. To compensate for that loss in AI, management came up with an idea to cut workers. Such a master stroke 😂

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     nixCraft 🐧 (nixcraft@mastodon.social)'s status on Wednesday, 14-May-2025 14:59:16 JST nixCraft 🐧

     Microsoft's current market capitalization is approximately $3.34 trillion USD. This makes it one of the most richest companies in the world. It just cut workforce by 3% (around 7k). Microsoft is spending heavily on AI and major investor in OpenAI, while slashing costs elsewhere to safeguard profit margins https://www.reuters.com/business/world-at-work/microsoft-lay-off-3-workforce-cnbc-reports-2025-05-13/ Microsoft is planning to cut another 10000 jobs while spending 80 billion on AI data centre this year but yet to see any profit from OpenAI investments or AI data centre

     Kevin Beaumont repeated this.