IS AI A BUBBLE? THE TECH GIANTS INVEST IN EACH OTHER IN A CIRCULAR MANNER AND THE FEAR OF MASSIVE LAYOFFS GROWS.
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✍️ Microsoft participates in Open AI, investing $38 billion in Amazon Web Services (AWS) to ensure access to its infrastructure and Nvidia equipment. This circular investment strategy is not new, but the volume of investment is unprecedented, raising concerns about a potential bubble or oligopoly in the AI market.
👉 Microsoft invests $38 billion in Open AI 👉 Amazon Web Services (AWS) infrastructure and Nvidia equipment will be used 👉 Circular investment strategy is not new, but volume is unprecedented 👉 Concerns about potential bubble or oligopoly in AI market 👉 Experts warn about job losses and need for workers to adapt 👉 Companies invest in each other to create closed economic ecosystem
-- #PedroPalos #UrsulavonderLeyen #KrisShrishak #NishantMehta #SriElaprolu #Sevilla #Irlanda #Inglaterra #Seattle #technology
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