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This. Also if I have to change jobs every 2-3 years to get a market level salary why would I even bother. This is the reality they created.
This. Also if I have to change jobs every 2-3 years to get a market level salary why would I even bother. This is the reality they created.
I wonder what’s gonna be the next shit they will try to pull. They are acting like a spoiled child.
Such an unfortunate name choice. 🤦
I think from her part it was more about planting the seeds of a censorship tool than pleasing economic powers. Right-wing scum always attack freedom of speech first.
Yes, finally. But I would say a bit late to the party. And a privacy focused IM not thinking about this for years blows my mind.
For me:
they exploited a vulnerability in the airport’s Customer Relationship Management (CRM) system
CRM, No surprise 🫠
At CNET — where Priestley previously worked, according to LinkedIn —
Say no more 🤮
Yes, my point is that banning protocols will kill all the commercial VPN offerings. Restricting a big size of the population. Obscure protocols like X-Ray can work but not everyone can set it up.
And I think you can also raise some suspicion if you use too much bandwidth on that connection. GBs of data consumption from MyTotallyLegitWebsite.me can raise eyebrows. And that would be the only thing needed for a court notice or a visit by the police, depending upon the country. And in anti-democratic countries you’re guilty until proven innocent anyway.
With deep packet inspection they can detect a VPN protocol connection attempt and drop it. There are already countries utilizing this method.
But with decision making that can affect peoples’ lives and livelihoods, we need to be damn sure the computer is going to make the right decision every time or not trust it to have full controls at all.
👏👏👏
Yes, dystopia already arrived and we will all going to suffer. Here are just a few simple examples of blind trust of algorithms which ruined people’s lives. And day by day more are coming.
Before AI: https://sg.finance.yahoo.com/news/prison-bankruptcy-suicide-software-glitch-080025767.html
After AI: https://news.yahoo.com/man-raped-jail-ai-technology-210846029.html
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Tuberculosis
Surely. AI is definitely a factor. But at the same time it’s a fad right now. It’s what Blockchain was a few years ago. Everyone is trying to jump into the AI bandwagon as it’s the new cool hip thing. Sadly unlike Blockchain this is getting people fired instead of getting hired.
Even though AI creates remarkable results I don’t think it’s as mature enough as companies really think it’s to be. They are kinda gambling on that it will be able to cover the human work force before the effects of layoffs are felt by the customers.
On that account I think the number one issue is about the cost, uninformed companies think that what they are paying today is the real cost of AI. But in reality all AI offerings are actually burning money to lure customers, to make them get rid of their workforce to get them really dependent on their AI. And when they achieve enough dependency the prices will increase, then the companies will see the real cost of AI. Basically the exact same thing that happened with Streaming Services.
Another downside that people will notice after great adoption of AI may be that the variations of the results will start to look the same. If all of us use the same AI tool, giving similar prompts for our Ad campaign then most likely our Ad campaigns will look very similar, beating the most important necessity of an Ad campaign; recognition. To beat that AI should be used as a tool by capable people to ease their job and not to do their entire job.
I think it will take a few years for companies to really realize that.
Exactly this. If not utilized by companies most of these office buildings will be sunken investment.
There’s a very informational video here detailing the challenges of converting office buildings into residential.
I didn’t mean to say it’s going to be as big as the 2008 crisis but the idea was that it’s gonna create a similar domino effect.
Here are some stuff about this.
https://www.jpmorgan.com/insights/real-estate/commercial-real-estate/commercial-real-estate-trends
https://www2.deloitte.com/ca/en/pages/real-estate/articles/2024-realestate-outlook.html
https://finance.yahoo.com/news/kevin-o-leary-says-coming-230043170.html
https://youtu.be/YLshGvV0lRo?si=yTpYIyGLFFVv4D6i
https://youtu.be/Jq_6RKHJIIA?si=F43pJoeDv9FvUGCw
https://youtu.be/-V9yPGdubHQ?si=hdrxXJ71g3mwVyO2
I’m not an Economist but from what I understand the argument is like this:
1- Covid changed the work culture and made remote work viable
2- This in turn reduced the value of Commercial Real-Estate
3- There’s a lot of investment of Comm. real estate. And investors & owners wanted to keep the value of their assets high.
4- So there was the RTO mandates. Which was initially pushed by the investors.
5- Ukraine war creates inflation and raised interest rates. The time of free money is over.
6- Now investors push for companies to turn profit instead of growth.
7- Companies try to cut costs to please the investors. Mass layoffs happening. Startups going bankrupt.
8- Since the interest rates are still high and investors saw that turning growth into profit wasn’t that easy they are shy to put in money into new investments. Especially IT (AI excluded)
9- Investments dried up which means there’s less growth potential for companies meaning even less demand for Commercial Real-Estate. Which means whoever invested heavily (with loans) into comm. Real-Estate will go under when it’s time to pay back.
10- The banks who are heavily invested in Comm. Real-Estate will get affected meaning there will be even less money for investment causing an economic recession.
As others stated a small portion of that was due to over-hiring, some to follow the layoff trend and some to make the earnings call look good.
But from what some experts are saying; there’s also another factor, which is even worse.
There’s a looming threat of a recession hitting in a few months (which is said to be a much bigger recession than the post-Covid one). And this recession will be tied to the Commercial Real-Estate Bubble.
They are saying that it will be like the 2009 Mortgage Crisis and will be very disruptive.
There’s this theory that companies are reducing their headcount to prepare for this recession by reducing their expenses to the minimum. Which makes sense.
For the companies without savings that is a must but the ugly part is that you see big names with huge amounts of money in the bank laying off people as well.
Well, because they don’t want to invest that money on the people, they will use all that money to buy smaller companies when the recession hits. All big tech with enough money in the bank is rooting for the recession to happen so they can buy everything for very cheap and grow even more.
Such a great article. Also the images, videos and animations are so beautiful.