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247wallst.com

With Meta’s latest move raising eyebrows, the industry might be teetering on the edge of a reckoning, prompting a closer look at whether the AI bubble is about to burst.

  • SanctimoniousApe@lemmings.world
    14·
    2 days ago

    The hinted at “move,” for those unaware:

    The Wall Street Journal reported on Meta’s recent decision to impose a hiring freeze on its AI division, ssending ripples through the tech world.

    This move comes after Meta reportedly offered multimillion-dollar bonuses to poach talent from rivals like OpenAI, only to face internal backlash and questions about returns on investment. The company’s pivot suggests a reassessment of its aggressive spending, which has included billions in infrastructure and research to compete with the likes of OpenAI’s ChatGPT and Google’s Gemini.

    • marsza@lemmy.cafeEnglish
      5·
      2 days ago

      It’s just dumb people with too much money being able to recklessly spend money, throwing off onlookers.