cross-posted from: https://lemmy.world/post/44699253

This is clearly a sign that the product failed to draw in enough customers and its viability was overhyped.

Hopefully, it is the start of the AI bubble bursting.

  • Jyek@sh.itjust.works
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    2 hours ago

    I think they intend to IPO this year and need to slow the hemorrhaging funds quickly to be more appealing to the stock market.

    • mrmaplebar@fedia.io
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      58 minutes ago

      I guess. But shrinking the scope of their products doesnt exactly inspire the idea of infinite growth.