Why big tech stopped building useful stuff

(rubenerd.au)

33 points | by cdrnsf 2 days ago ago

7 comments

  • webnrrd2k 2 days ago ago

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

  • tonglingxujianx 2 days ago ago

    [flagged]

  • simianwords 2 days ago 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 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,....

    • adjejmxbdjdn a day ago 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 a day ago ago

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