As interest rates rise, we are witnessing companies change course on many fronts. Turns out some of the virtuous behaviors during the pandemic were just secondary effects of Zero interest rate policy (cheap money). For example: -FAANG companies laid off all the extra employees they hired -MSFT fired its AI ethics team. -Amazon slowed plans for HQ2 (debatable) What other changes do you attribute to changes in interest rates? https://gizmodo.com/microsoft-ai-ethical-ai-bing-chatgpt-layoffs-1850223358
Trading monkey JPEGs is no longer a respectable career path.