Thread regarding IBM layoffs

"potential to benefit from generative AI" is just mindless vaporware

"IBM's shares fell about 4% in extended trading after rising more than 40% this year, as investors bet on the company's potential to benefit from generative AI through its software and consulting services."

https://www.reuters.com/technology/ibm-beats-third-quarter-profit-estimates-software-strength-2024-10-23/

Baidu’s CEO Believes 99% of AI Companies Won’t Survive After the Bubble Bursts

https://medium.com/@alvarodmn39/baidus-ceo-believes-99-of-ai-companies-won-t-survive-after-the-bubble-bursts-595d7dc8bc6c

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