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11 months agoCompany whose business model is based entirely on running an enormously massive and expensive LLM and then serving content with it publicly for free with no greater ideas on actually turning that into a business is going under. In other news, water still wet.
I’ll admit I thought the AI bubble was going to last longer than a few months (and inevitably FAANG will probably artificially extend it until even they have to admit there’s not a ton of productive real world uses for it), but I suppose late stage capitalism has to speedrun the boom-bust cycle as it gets increasingly desperate for profit.
Feudalism never ended, it just transitioned from a bunch of failsons inheriting land titles to a bunch of failsons getting middle management jobs through nepotism. Every company larger than 50 people is a vast internal labyrinth of lords-in-everything-but-name jockeying for promotions, accolades, and raises by inflating their roles, and the best thing you can do for yourself is find a position that isolates you as hard as possible from having to deal with that yourself lest you end up spending 50 hours a week working to get one over some petty rival of your boss.