Technology

Maybe this POS is just starting to fear for his life if this goes on

Nvidia CEO Begs Execs to Stop Telling Workers They're Fired Because of AI, it's hurting Nvidia's stock price.

When Nvidia jumped on the AI hype train at the expense of retail customers, the first thing I did was pull my $ out of their stock and invest in Taiwan Semiconductor manufacturing and Samsung electronics. Chips are still going to get made; now the fabricators can get my investment $ directly and Jensen Huang can continue to enjoy the smell of his own brand without my cash.

Honestly I find this darkly hilarious. The circlejerk is becoming more and more obvious. I’m going to be surprised if the bubble doesn’t pop within the next 6 months or so - definitely before the end of the year.

All it took for this to happen was:

• skyrocketing energy prices
• skyrocketing hardware prices
• skyrocketing water usage
• the effective priceout of PC/homelab enthusiasts and hobbyists which will probably destroy much of the community, and thus most of the consumer-oriented hardware manufacturers
• turning the US economy into a house of cards
• sharply accelerated enshitification of all major search engines (in the interest of pushing people to use LLM bullshit for no good reason, when a perfectly suitable and deterministic alternative already existed and was deployed at scale everywhere)
• flagrantly ignoring licensing and usage terms for basically any and all open source software projects hosted anywhere on the internet
• the hollowing out of software engineering as a discipline, the collapse of the hiring prospects of fresh grads/juniors because “ai can do that”, and the creation of a generational gap in staffing across huge swathes of the tech industry writ large
• the (even more) accelerated enshitification of social media as it becomes a series of gigantic LLM bot farms talking to each other
• we can go on

What a time to be alive.

Jensen can suck my Huang.

Yeah, start telling them the truth. They were fired due to C-suite greed.

“It was just a way for them to sound smart and I really hate that,” the CEO argued.

Aww, poor lil' fella, tried to juice his stock by selling AI as the second coming, and now he's mad that other CEO's are trying to juice their stock by trying to sell AI as the second coming.

So, lie more?

“How is it possible that AI became productive and useful only six months ago, and they were somehow laying people off two years ago because of AI?” he added. “It doesn’t make any sense.”

This is very telling. Jensen is pulling this "6 months" figure completely out of his ass here, but the reason why he wants that number to be true is because it moves the goalposts. If AI hasn't actually, really, been here for even a single fiscal year then it explains away everything. Suddenly the fact that it's made zero impact on productivity, that no one is making any profit on it, all of that becomes justified. "It's still early." You'll recall that this was the narrative around crypto too. Every time anyone criticized anything about it a herd of sheep would bleat "It's still early" even over a decade into the technology existing.

Investors are starting to ask serious questions about when these tools are actually going to start delivering greater productivity to their companies. Managers are starting to get the screws put to them about why their budgets are ballooning to cover subscription and token costs with nothing to show for it. Jensen can't have that, because AI is the whole reason why his company is on top of the world, so he's trying to reset the clock.

For the record, there's absolutely no evidence to suggest that AI has ever become productive and useful, but that wouldn't fit Jensen's narrative either. So instead he has to invent a world where AI is totally productive, 100% useful, just trust me! When did that happen? Oh, just now. That's, um... Yeah, that's why you didn't notice. It just happened, right before you walked in.

“Oh dear, they’re disliking us even more now, what do we do?!”

No shit Sherlock.

Totally agree! They should start telling their works they are fired because of AI and NVIDIA.

Oh, but "we are cutting workforce to invest in AI" sounds much better than "we are cutting workforce, because we struggling in current economy".

I really dislike this dude more every day.

“The narrative that connects AI to job loss, for many of the CEOs that are doing it — it is just too lazy,” Huang told Channel News Asia. “AI has just arrived, how is it possible they’re already losing jobs?”

Why are these guys so dumb, how did they get into positions of power? I think mostly just by being willing to stand up in front of a crowd and camera? AI hasn't just arrived, it's been improved over the last couple of years, and has become much more capable recently.

I really hope AI ends up replacing CEOs and upper management.

Not supposed to say the quiet part out loud

You mean lie to the workers? Hmmm...has that ever been tried?

Linus Torvalds: Nvidia, Fuck You!

Then stop firing them because of AI

Where I work the leadership 100% tels people if they dont spend tokens they get canned. Theres dashboards and everything. I hate it but appreciate not being lied to, at least.

STOP MAKING US LOOK BAD!

-catches own reflection-

FUCK, WHAT IS THAT?!

He finally took off that stupid leather jacket

“I’m fucking our employees, but you’re forbidden from explaining that it’s because I’m milking their misery for my own enrichment!”

the layoffs are because of greed, plain and simple.

But that's the only reason they even care about AI.

The irrational exuberance is a drug and Jensen is in part one of the drug dealers who caused it.

They just can't help themselves. All of these techbro fuckers jumped the gun on this being "THE" AI wave but instead have bet everything on the equivalent of the self checkout kiosk at the grocery store. That was touted as the way to save money, lower the chances of unionism, and make the checkout process more efficient. Instead it has been a money pit that introverts and morally flexible people love! AI slop is flooding Youtube, drowning the tech industry in biblical sized code commits and hallucinated security threats, while continuing to be the greatest theft in the history of our species (after that mother fucker Thog stole my ancestors shiny rock).

On one hand, fuck that guy and what he's trying to do to the world.

On the other hand, he's saying the CEOs are lazy and want to look smart. Can't argue with that point, even if it's a small piece of a larger stream of bullshit.

A pathological liar is begging other pathological liars to stop lying about people being fired due to the lying machine...

Crazy times we are living in.