Technology

Why did it take so long? You'd think these articles are staggered at the request of the owner So the small army he fired doesnt revolt

Fuckin explains a lot of the last month's issues

More accurately its caused by AI Mania, not AI proper, directly, but yeah.

that is why they are trying to peddle this to governments in EU, USA so heavily, they know they will take on AI at face value, instead of testing the efficacy of using AI.

Once these companies have to start charging what it really costs to maintain and run these huge models. The number of use cases will shrivel.

I was laid off in 2019 by a large west coast tech giant as part of a mass layoff. We had the option of trying to find a new internal job but every job posting involved AI (seven years ago!) and nobody that I knew even got a reply from any application. Now I'm a school bus driver and 100X happier even though I make like 1/5 of what I used to make. The plot twist is that AI is probably going to replace school bus drivers sooner or later, flattened children be damned.

Easy win for companies that didn't buy into the hype. I'm the only dedicated software dev at my company, so there was no middle manager to foolishly think a chat bot could do my job. We are a small company that can compete with big players, and those big players appear to be floundering. Now, we are expanding.

Charge people who accidentally used their Java SDK.

Create a db that sucks so bad you have to hire them to maintain it.

Boy you're in for a ride.

Palantir runs on Oracle Cloud.

Oracle finances Paramount buying out Warner Bros.

Other shady shit Oracle does: https://thedreydossier.substack.com/p/the-merger-that-needed-a-war

Basically think Oracle is a competent League of Evil that can hide from the media spotlight.

They sell software that sits so deep in people's stack that replacing it takes tons of effort. Companies calculate that it's cheaper to keep paying Oracle than to rewrite crucial services.

Sues their customers

I've been a software engineer for over 20 years now and tbh I couldn't tell you even if my life depended on it. I know it's a shit tier hosting service that people use because they offer 5$ worth virtual server for free with a valid credit card but that's about it.

It's one of those ancient paper shuffling IT companies that is 95% sale/middle mamager leeches, 5% wizard engineers carrying everything on their shoulders.

They used to sell a pretty good (if complex) database system. However it hasn't been popular for many years. I assume they still have big customers who are locked in.

These days they're just another amorphous "cloud service provider", and not a good one either.

They don't need an economy. They need obedient workers

It's Oracle: It's not like they deliver value either way.

It's gonna suck for the working class WAAAAAAAAAAAAAAAAY more than the people who will lose their fortunes as a result of the bubble popping

sorry

it always does

Michael Saylor, one of the biggest owners of one of the other "doesnt actually do anything" bubbles - Bitcoin - is a great example. He made a fortune during the dot com bubble.

With that said, if I have to eat hard tack and canned beans and use leftover charcoal from the park BBQ grills instead of toothpaste in order to never have another AI bullshit feature shoehorned into my existence, it might be worth it

They're supposedly depreciating their GPUs over 7 years. Apparently these data center GPUs are only used for about 3, as the generational improvements in efficiency almost dictate you replace them + the first stragglers start failing around that mark anyway

They could actually be proper fucked financially if they're cooking their books like that to seem more profitable than they are.