Companies Are Realizing They're Spending a Fortune on AI Just So Their Employees Can Generate Error-Riddled Slop, and Suddenly Cutting Back Budgets
futurism.com
Top tech corporations are starting to pull back from their ambitious AI automation goals, as errors and workslop frustrate executives.
  • UnderpantsWeevil@lemmy.worldEnglish
    3·
    2 hours ago

    NASDAQ just crested a new high this month, before stumbling last week.

    If the death of the tech industry is on the horizon, I can’t see it.

    • jj4211@lemmy.worldEnglish
      3·
      2 hours ago

      DJIA crested a new high September 3rd 1929 before stumbling 3% the next week.

      If death of the market was on the horizon, they couldn’t see it.

      The slide being attributable to some "I told you so"s coming to pass may bode ill for the bigger "told you so"s that come due in a few months.

      But the market doesn’t act rationally, both going up and going down, so who knows.

      • UnderpantsWeevil@lemmy.worldEnglish
        1·
        1 hour ago

        DJIA crested a new high September 3rd 1929 before stumbling 3% the next week.

        And over a century later, what has become of it?

        If someone bought $100 of stock in 1929, how much would it be worth today?

          • UnderpantsWeevil@lemmy.worldEnglish
            1·
            26 minutes ago

            $100 of the entire DJIA on September 3, 1929 adjusted annually: $13,633

            If you’d invested in January of 1929: $16,913

            If you’d invested in January of 1920: $72,275

            January of 1930: $31,708

            It’s never gone to $0