With Meta’s latest move raising eyebrows, the industry might be teetering on the edge of a reckoning, prompting a closer look at whether the AI bubble is about to burst.
The hinted at “move,” for those unaware:
The Wall Street Journal reported on Meta’s recent decision to impose a hiring freeze on its AI division, ssending ripples through the tech world.
This move comes after Meta reportedly offered multimillion-dollar bonuses to poach talent from rivals like OpenAI, only to face internal backlash and questions about returns on investment. The company’s pivot suggests a reassessment of its aggressive spending, which has included billions in infrastructure and research to compete with the likes of OpenAI’s ChatGPT and Google’s Gemini.
It’s just dumb people with too much money being able to recklessly spend money, throwing off onlookers.
Burst! Burst! Burst!
