Thread regarding Intel Corp. layoffs

AI is just another promise, like Elon's self driving cars.
Startups are scamming investors getting money and not producing anything of value.

@da Task failed successfully. The company will now close.

@da The next slogan will be MIGA (Make Intel Great Again), FOMCL 😛

It already collapsed, just waiting for the last su---r to realize.

@da its hard to find a way to put a glass half full spin on anything Intel has done for the last quarter century.

Yes, it's lucky for Intel they already failed at AI, so they won't be affected much by the crash. They're also pretty immune to downturns in Mobile, GPU, and all the other markets they failed in.

@cq You're not wrong. The author makes the rookie mistake of equating "the economy" with indices like the S&P 500:

"What makes the current situation distinctive is that AI appears to be propping up something like the entire U.S. economy. More than half of the growth of the S&P 500...."

Not to mention the back-peddling when looking back at the subheadline. We go from, "The entire U.S. economy is being propped up..." to "...AI appears to be propping up..."

Got it.

@OP thanks. I'm already skeptical it'll be worth my time based on the subhead, "The entire U.S. economy is being propped up by the promise of productivity gains that seem very far from materializing." Seems like a ridiculous assertion, but I'll give it a read.

@by was that Intel or the AI bubble?

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