Why big tech stopped building useful stuff

33 pointsposted 3 days ago
by cdrnsf
(rubenerd.au)

8 Comments

webnrrd2k

3 days ago

Because they switched from building useful stuff to building high stock values.

simianwords

2 days ago

It’s literally not true though. Big tech built AI which is probably the most important technology since internet

There’s this popular misconception that companies only chase stock valuation but it doesn’t look true.

pjmlp

2 days ago

For their stock holders, and upper management it definitely is, all the automation that AI will deliver to get rid of those pesky workers with their demands, vacations, sick days, bathroom breaks, protests for better work conditions,....

hulitu

2 hours ago

> Big tech built AI which is probably the most important technology since internet

It is only important for 3 letter agencies because they also get your frustrations and they can give you answers.

adjejmxbdjdn

2 days ago

Even if we count AI, how’s that Big Tech?

Google and Meta are the only Big Tech companies that even have a presence in AI and it’s being led by Anthropic and OpenAI, neither of which were Big Tech.

simianwords

2 days ago

The article clearly counts AI as big tech. It’s clear you didn’t even read it..