Trump Gave the Tech Bros Everything. Why Are They Still Crashing Out?
As Big Tech closes out a year of favorable government treatment, artificial intelligence hype, and job cuts, some things are now beginning to appear a little bit … off. Microsoft is reportedly failing to meet sales targets for all its fancy A.I. tools. OpenAI CEO Sam Altman just announced a companywide “Code Red” initiative to improve the models powering ChatGPT, which is staring down a mountain of lawsuits. Apple’s longtime A.I. chief is “retiring” from the gig as the company falls behind on A.I. goals. Oracle, the software giant whose founder’s presidential relations shot its stock to record levels, has a massive debt load that’s become pricier to insure, thanks in part to oft-repeated fears of an “A.I. Bubble.” ….[READ]
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