Start of the year was bad for tech. Layoffs everywhere. Then come AI push by Microsoft which got money into equity markets despite the fierce competition by riskless treasury bonds.
Open AI and Chat GPT did
Wall street algos noticed only after Msft went yolo on open ai
Rofl, if msft had ai they wouldn't have to buy it from openai...
Microsoft has similar tech but buying OpenAI is a better deal. OpenAI has a better brand effect. LLM tech matured at least 5 years ago but no big company leaders took it seriously until OpenAI dedicated resources to it. Satya was convinced LLM is the future when he saw the demo from OpenAI for fundraising. There are actually no technology barriers for any company to build their own LLM models. But the training burns a lot of money. The cost of one A100 VM is equivalent to one SWE employee. So Microsoft also has to layoff people to exchange A100 and Microsoft also gave OpenAI lots of A100 as part of the deal. Those companies with more cash will be able to catch up quickly when they got enough training resources. Like cloud computing, there's no secrets in training LLM models. The only barrier for any company to create their own LLM model is Money.
We’ll never have in-house AI. It’s not about talent and more about COGS
No Microsoft employees get not raises this year on top of the 🥜 we get.
It hurts
Exactly why satya gets away with his compensation philosophy
He gets away because Americans hate the idea of Indians getting GC even when it’ll only improve their chances against China.
There are a lot of Americans who also work at MSFT as well. They dont quit either.
Well, it is the only real tech company.
Steve jobs was right
Satya is a ahole. Msft employees makes peanuts and yet loyal. Dont know why or how. And that ahole takes it for granted and thats how MSFT makes money.
Ahole for employees, darling for investors. They are loyal out of their h1b slavery. You give a GC to all Indians and everyone will abandon MSFT the next day.
Not true abt h1b. Thats a very small percentage. Most employees are usc or gc.
This guy drank the company kool-aid
Weird poll only a narcissist at Microsoft would post. This company has become a joke, Yea the only reason tech is going to be around in 2024 is because Microsoft saved it in 2023. This is typical SLT group think at Microsoft that just assumes every Microsoft customer will remain a Microsoft customer while AWS and Google are on site building relationships and selling away to customers while Microsoft sits back asleep at the wheel while patting themselves on the back for spending no money on travel or other expenses.
Make their dashboards red
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OpenAI prepared all food and drinks and microsoft sat down and ate what OpenAI had prepared. Thats the microsoft’s accomplishment. At the end, microsoft employees are still making peanuts. Unfortunate.
Great accomplishment. Only results matters, not effort.
OpenAI was a NGO without Microsoft. No one cared about them before MS invested in it