Business Big Tech Layoffs Megathread - Techbros... we got too cocky...

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Since my previous thread kinda-sorta turned into a soft megathread, and the tech layoffs will continue until morale improves, I think it's better to group them all together.

For those who want a QRD:


Just this week we've had these going on:

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But it's not just Big Tech, the vidya industry is also cleaning house bigly:

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All in all, rough seas ahead for the techbros.
 
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They're clearly denying it because they don't want people to run on their stocks. I think personally, it was a distraction from this story;



Apologies for not sourcing. I thought it was common knowledge. As for the 100 billion to OpenAI, I think Nvidia saw that their last round of investment went horribly and only SoftBank agreed to put 30 billion in.


Remember, this is only preliminary, as SoftBank doesn't even have that money readily available. NVIDIA saw that investors were starting to cool off and back away. OpenAI still needs another 70 billion, and I don't see the federal government getting entangled in this.
 
Kier Starmer said:
Shit is about to go down with OpenAI and Nvidia giving them the cold shoulder. I can't believe how many boomers were fooled by this fucking retard. He can not string a sentence together, and when he does, it makes no sense.

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I tell you, just don't trust Jews with the name Sam. The markets next week are going to be savage.
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He was picked up from ycombinator to be a "face". I'm telling you! I'm not crazy!
 
Basic Blond Boy said:
Genuine question, how much of the internet are you guys predicting is going to die off by the end of this decade? Even past AI, tons of these sites have no purpose anymore or are only around for the current declining generation of Boomers.

My bets on FaceBook/Meta as the bold prediction. Once the oldest gens are gone, the site will lose its main audience. I don't think even the government will want to fund their worthless site once we hit the culling.
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I'm not a betting man, but... see below.

Featured Content on Myspace

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Mr Processor said:
I'm not a betting man, but... see below.

Featured Content on Myspace

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Myspace also looks like it runs off spare data center capacity and only needs a few crusty IT guys to run. Meta spends incredulous amounts of money, not just on AI that will never turn a profit but on metaverse, data centers, employees, travel (seriously)... they spend money for a living. Sure maybe Zuck could pull an Elon Musk but he's far too attached to his company and stupid pet projects.
 
Kuritan Deplorable said:
Ubisoft isn't gonna be taking any chances, they need this next development cycle to work out. If the stuff they focus on today, coming out around '29 doesn't land with meteoric success, its all but guaranteed tencent will hostile takeover the whole company. Their valuation is in the gutter, its quite literally a pittance for Tencent to snatch them up right now, close to the price they might have to pay for just a single successful studio. They're gonna play every hardline trick they can to get absolutely every performative person out they can, they can only afford to keep around legitimate talent.
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The whole video game industry is going to be demolished by AI. Even the legitimately talented artists and designers. Have you seen Google's Genie? I mean, it's obviously not ready to replace the traditional pipeline yet, but it's come unbelievably far in the last year, and that end of AI is blowing up as LLMs seem to be leveling off.

Even if AI isn't just building the whole game world for you, things like AI post processing on rudimentary graphics could mean hundreds of artists go away, while a few 3D artists build stuff that looks like Tekken 1 while the AI dresses it up.
 
DeeDee Megadoodoo said:
The whole video game industry is going to be demolished by AI.
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It will be an extremely short lived fad. Cash in and out as quick as you can.

Once you can make a game where you can do, and be, anything, then the industry dies because that dream gets boring very, very quickly.

Ever played an FPS with cheats on? Where you're invincible and one-shot people? Very boring. But once you build the perfect game once, why would you do it twice?

It won't end well.
 
They had it coming. Most of tech bros got ridiculous amounts of money for just doing ctrl+c to ctrl+v from xda.devs. Well bros that is incredible easy to automate. But but butt I hear you say "We know about the secret magic of file structures" yeah anyone who has worked on computers for 5min knows about this magic too. But but butt "we are architecs and engineers of the cyber world", no you are not you just input what the client desires for their website to function for their needs so you are just a janitors made to janny things that was build by much more capable people than you.
So it's incredibly easy for AI to bust your bubble of easy living of off ctrl+c&v
 
Kane Lives said:
GabeN allegedly used to randomly answer fanmail back in the day as well.
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Still does, actually.

And yea I could see Valve replying like this. Its pretty in line with what they actually do, which is disregard credentialism and expect you to actually prove your skills. There's a reason Valve hasn't succumbed to the jeet plague, they don't give a shit about certs and references, and they'll actually look at your open source contribution history if you try and cite that.

Ahriman said:
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What result did they expect? Jesus, they're lucky they didn't get sued right then and there as a defensive measure. The last thing a company handling huge swathes of personal data wants is a perception of letting improper access just slide.
 
Kuritan Deplorable said:
What result did they expect? Jesus, they're lucky they didn't get sued right then and there as a defensive measure. The last thing a company handling huge swathes of personal data wants is a perception of letting improper access just slide.
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I mean its pretty normal post layoff to get an HR or IAM guy to write a simple script that tells you who got shit canned. You just dont advertise it like a fucking retard.

Also not sure how OpenAI is gonna stay the course.

Claude is what is hot right now for companies that do code, and Google is advertising Gemini very effectively to companies that dont.
 
namelesstacotruck said:
Also not sure how OpenAI is gonna stay the course.

Claude is what is hot right now for companies that do code, and Google is advertising Gemini very effectively to companies that dont.
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Its cyclical, devs use one until it 'does something bad' then move on to a new favorite, and repeat as new models are released and the community cycles back into the earliest failed model with a new version and go "this is my new favorite". They're all in the OpenAI position at one point, just trading the bag.

However, Anthropic has kept their focus and therefor spend much more narrow, trying to maximize specific potential use cases and not just make an everything machine, and Google has a vastly higher ability to soak AI operational losses. When they hold the losers bag, it only hurts, rather than kills. OpenAI is going full blown retard with their spending, haven't excelled anywhere and put way too much of that revenue into use cases that haven't panned out all over the place, and generally just mismanaged their finances. When they get handed the losers bag its an existential threat because those optics are the only thing keeping them afloat with investors.

The fact that OpenAI now wants to advertise to paying users is probably going to be the fatal shot for them though. Nobody in the history of advertising has "handled it well", and when their subscriptions are still in the same ballpark price as their competitors who aren't doing that, they're basically betting against god and google that everyone else will see their ads as the chance to join in, rather than the chance to murder a competitor by staying out. The only player in the field that'd probably do so is Microsoft, in their infinite blindsight, and nobody likes copilot for a reason.
 
Kuritan Deplorable said:
The fact that OpenAI now wants to advertise to paying users is probably going to be the fatal shot for them though. Nobody in the history of advertising has "handled it well", and when their subscriptions are still in the same ballpark price as their competitors who aren't doing that, they're basically betting against god and google that everyone else will see their ads as the chance to join in, rather than the chance to murder a competitor by staying out. The only player in the field that'd probably do so is Microsoft, in their infinite blindsight, and nobody likes copilot for a reason.
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Adding ads is the best business decision OpenAI has ever done. Most people aren't interested in paying a subscription for AI but tons of people are using ChatGPT as a search engine and Google makes an enormous amount of money from search ads. If their targeting isn't total garbage, they'll steal a lot of Google's advertising market share and make billions, though their profit margins will be worse than pre-AI Google due to extra compute AI searches require.

That's why I don't understand Google's stock going through the roof. AI is costing them market share and drastically raising their expenses. Their stock should be decreasing.
 
quaawaa said:
That's why I don't understand Google's stock going through the roof. AI is costing them market share and drastically raising their expenses. Their stock should be decreasing.
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Is it because they're poised to make a big dint in the gaming market with AI game-generating tech?

If that kicks Unreal Engine off of the top spot, while saving millions in dev time, Google will be sitting pretty.
 
Duane Dibbley said:
Is it because they're poised to make a big dint in the gaming market with AI game-generating tech?

If that kicks Unreal Engine off of the top spot, while saving millions in dev time, Google will be sitting pretty.
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Its more that google is one of the few that can sink the long term costs of continued AI development, even as it eats into their revenue sources in other ways. Much of their climb is because the investing alternatives are even more fucked and damaged than google is by this pursuit. And many investors still consider it a worthwhile pursuit, for that increasingly dismal possibility of true Artificial Generalized Intelligence, which would instantly make them infinitely wealthy. OpenAI's collapse is being seen less as "AI doesn't work" and more that OpenAI isn't going to survive long enough to see it work - by the true believers, anyway.

Its important to remember that all investment is relative, and you can go up while your outlook is down as long as everyone elses outlook is even worse.
 
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