This pop is now the most predicted event in Wallstreet. Itâ(TM)s wonâ(TM)t be a surprise when it happens (unless it takes the whole market with it). This would be the whitest swan you could find around.

When I read your first paragraph I thought you were talking about America! Truly!

Ah I see! This could indeed be a management fk-ups . AI probably is the most blamed tech ever.

Time will come for the rest of the world to deport Americans !!! Just kidding, only people with atleast an ounce of conscience would step away from the country they were born seeing all what is going on.

Every other tech company now is cutting staff in the name of ai. This would soon spread to other industries as well. The unemployment wave would start soon reducing the purchase of the very products these companies have âoeintelligentlyâ built. Then we all sit and cry for the lost economy and the merry days.

So true. If we look at our lives, there are many places where human beings have created so much burden to live with! Real estate, construction, recruitment, travel, etc. I would gladly deal with a fair ai than a pleasant real estate agent who would stab my back or that job recruiter who blatantly runs the interviews and give the job to an employees mate.

I have a vague belief that ai would be a democratising force in the middle and low income layer while creating more divide between rich and poor (given govt wouldnâ(TM)t intervene). It would be sort of what computer introduction did to us (gave a voice to the nerds). Though computers did it at a bit higher level, ai has the potential to get to the bottom of things, remove biases and provide a more equitable ground for the humanity to thrive. On the other hand there is risk of Armageddon as well

I am ready with my popcorns. You have to give it to the Tech giants in holding this party for this long. I was more like thinking 2024nit will pop.

I feel of all the companies these guys got it right( not that happy about this company again ). This is a repeat from the 1990s and 2000s. Uber is ahead of the curve. It would be a matter of months before other companies realised what actually is the potential is an ai powered software engineer.

Unfortunately the wrong people overrated it, the people with too much money or equity. When the knife falls, it wonâ(TM)t be them who would be mostly hurt.

Which would be solved soon. Lot of this firing is due to the overhire and the economy tightening. Now the economy is loosening and the ovefiring is going on. In a few months our esteemed geniuses will realise that we donâ(TM)t have anyone to get the job done( and so is not what they thought it is) and would pay the price to rehire. Seriously! Are we going to trust these incompetent people who made the âoemistakeâ of overhiring to solve them!

This might run deeper and farther than the DOGE. The so called AI, besides being proved as not that revolutionary to business bottom lines (MIT studies), has also been a major reshaper of the job industry. There will come a point when the merry go around stops. Thatâ(TM)s when the trillions of dollars invested in the AI boom is going to bust. Companies like CBA are crooks and wanted to get rid of their aging staff blaming AI. But there are behemoths invested in AI seriously believing that it could transform their business, just about to find out that it wonâ(TM)t. Being a dot com bubbler, this scares me a bit

Western societies are largely transforming into Asian ones (and might get there in a few years). With an inability to support fertility rates, frantic pursuit of GDP and a pretence that immigration is beneficial, are going to hollow out the western culture and establish the Asian way of life sooner. Everyone, including the immigrants, would at some point realise that the western life is a mirage: canâ(TM)t have a family, no home, endless debt and a govt who seems to be doing everything to destroy the society while claiming otherwise. And when they realise itâ(TM)s too late, the next set of immigrants arrive, rinse and repeat.

Qantas is screwing customers and employees in every conceivable ways.

Can AI replace a studio or all of the studios? In that world all other businesses also would be automating. The consumers would start tightening their purse due to massive lay offs. Inflation becomes deflations. Interest rates go negative. I can only think this much !