I think this might be the beginning of it. A bunch of tech companies released some pretty dismal financials, which (along with continued high interest rates) is freaking everyone out.
It wasnt just tech either though, both McDonalds and Starbucks are doing worse than expected, and a lot of economist/stock people look to those companies as indicators for how the poors and bougie poors are doing with spending.
Amazing that you can't just jack up prices of commodities without raising wages forever and not have line go up more and more steeply each quarter. Nobody could have predicted that.
I think this might be the beginning of it. A bunch of tech companies released some pretty dismal financials, which (along with continued high interest rates) is freaking everyone out.
Add that people don't like ai, there's not a business case for it yet, and it's very expensive to run/train
Love to burn 1000 hectares of the Amazon to generate a picture of Trump with huge gazongas
Honestly this is a better use of resources than most AI related projects
It wasnt just tech either though, both McDonalds and Starbucks are doing worse than expected, and a lot of economist/stock people look to those companies as indicators for how the poors and bougie poors are doing with spending.
Amazing that you can't just jack up prices of commodities without raising wages forever and not have line go up more and more steeply each quarter. Nobody could have predicted that.