Sounds like a desperate tactic to show value to investors who are skeptical of all the insane level of cap ex... not to mention all the customers who don't want to pay for this garbage
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Part of the joke is who even constitutes "value investors". As the MAG7 bloat the S&P, it's increasingly just a handful of companies passing the same dollar back and forth as fast as possible, with the expectation that they'll get bailed out by the Feds when the game is up.
Sad thing is, they're probably right. Trump's trying to get the Fed to loosen rates on the heels of an inflationary wave in order to guarantee enough exit liquidity before the market crashes.
Then we'll get another brutal privatization wave, with conservatives preaching deficit hawkery in order to justify abolishing Medicare, SS, national parks, public education, anything that can be liquidated for a quick buck.
While I don’t wish for this future, I do look forward to being one of the few that truly understands the ‘old way’ of computing like many here on Lemmy. All that knowledge I spent my youth acquiring may very well become insanely valuable in the next few decades because so many people will treat it as irrelevant.
I’ll feel a lot like this:
He probably spent millions of his owe money on AI stocks.
Considering he's a Microsoft employee and Microsoft is leaning hard into the AI craze? His stock options are all dependent on this lol
This makes me want it to fail harder.
Way ahead of you, looked for GitHub alternatives such as codeberg ages ago.
Can this guy really be considered a CEO if GitHub is a fully owned subsidiary of Microsoft?
You know Microsoft, the company that is heavily invested in OpenAI and is spending hundreds of billions to try to make AI happen?
I have a lot of projects, many OSS and some private. I self host forgejo for my private stuff and also have a lot of my oss there.
Still, I currently use GitHub as my main git service, since it's the most polished code forge and their ci servers are free and fast as fuck. The only other thing keeping me there is the network effect in the sense that I like my projects to be more discoverable, not that anyone gives a shit about my code besides a few friends and randos.
If they get annoying, it's trivial to move. I got the infrastructure set up, and forgejo federation is coming.
I'm a professional developer and have tested AI tools extensively over the last few years as they develop. The economic implications of the advancements made over the last few months are simply impossible to ignore. The tools aren't perfect, and you certainly need to structure their use around their strengths and weaknesses, but assigned to the right tasks they can be 10% or less of the cost with better results. I've yet to have a project where I've used them and they didn't need an experienced engineer to jump in and research an obscure or complex bug, have a dumb architectural choice rejected, or verify if stuff actually works (they like reporting success when they shouldn't), but again the economics; the dev can be doing other stuff 90% of the time.
Don't get me wrong, on the current trajectory this tech would probably lead to deeply terrible socioeconomic outcomes, probably techno neofeudalism, but for an individual developer putting food on the table I don't see it as much of a choice. It's like the industrial revolution again, but for cognitive work.
I'm finding AI effectively automates entry level jobs and interns. The long term implications is very few will be able to enter the field. What do we do when all the experienced engineers retire? How will we shift our economy to work for everyone under this model?
Would AI be better CEO's? They would cost a lot less and probably make better decisions. Just saying.
A CEO's main job is to spout bullshit, which is also AI's particular talent.
Moved from github to gitlab when it was acquired by Microsoft. Moved from gitlab to codeberg last month because I don't need a behemoth with dozens of services I never use to store my 3 shitty code files.
If those are my two options...start looking for my projects on Codeberg I guess.
This is [...] a strange marketing strategy by AI companies. Instead of selling products based on helpful features and letting users decide, executives often deploy scare tactics that essentially warn people they will become obsolete if they don't get on the AI bandwagon.
Very insightful for me to read this. If AI in its present state was as useful as it is advertised, it wouldn't need such apocalyptic language.
Oh I'm already out, but only of your shitty products.
I've always hated GitHub glad to see it finally is going to crumble
Risky talking down to developers. Does the CEO not know that Git is like REALLY easy to move?!