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A CEO told employees they won't get raises in 2026 because the budget is going to AI
(www.businessinsider.com)
This is a most excellent place for technology news and articles.
To date, I have not heard a single CEO talk about where the money will come from if no one is employed.
How can consumers consume if they don't have any money?
May as well asked who the slave owners sold to since so many in the South were enslaved.
The answer is the same. They sell to each other. We don’t get a cut. They dream of the day they actually get to have slaves again. Most of them don’t see us as people; they see us as things that siphon off money that needs to be in their pockets. Money we don’t deserve because we’re not rich.
that's for someone else to worry about.
Seriously if you talk to these people they live their lives financial quarter by quarter. there's no plan for 2+ years down the line, they can't think that far ahead. They're all like this. It's all about the now. make money now, release a product now, no future, no updates, now now now. This is why LLM's appeal so much to them, it can provide that "now" that they crave.
When there's a 20 million dollar golden parachute when fail why would you care about the next quarter...
Exactly! In 2008 there was guys just blindly driving off the cliff huffing pure copium and greed.
Because these drug and AI addled idiots refuse to or can't think more than a quarter ahead at a time. As there are no consequences for the executive caste, why should they?
That's what the rich dickhead bunkers in remote locations are for, my friend.
Apparently long as bots are buying from them they care. The goal is keep the stock in green Apparently they don't need consumers for that.
But what happens to the physical products that are taking up stock in warehouses?
Or are they just digitizing everything to the point where bots are buying shit to optimize their functions so they can buy more digitized product?