Massive AI investments are leading to big tech job cuts, not the AI itself. "Amazon, Microsoft, Google, Meta, and others have to pay for AI somehow. And so they're cutting costs in order to keep margins in spite of these massive investments in AI.” “We're moving costs from headcount to compute costs… " — Gil Luria, Head of Technology Equity Research at DA Davidson Watch the full episode: https://thein.fo/47ZxCaB. | The Information
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