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AI companies will get a reality check that slashes their valuations and curbs their spending, Bill Gurley says. Loading audio narration… “One day we’re going to have an AI reset, because waves create bubbles, because interlopers come in,” the legendary venture capitalist said during a Monday interview on CNBC.However, Gurley…
Dell is the latest company to get a massive windfall from the AI boom.The tech company reported record annual revenue of $113.5 billion on Thursday, up 19% in its financial year ending January 30.Jeff Clarke, Dell’s vice chairman and chief operating officer, said it had been “a defining year for…
He worked in Big Tech. Now, he fears half of its software engineers are on the chopping block.Steve Yegge worked with Jeff Bezos in Amazon’s early years. Then he went to Google, where he worked for over 12 years and earned the title of senior staff software engineer. He also…
Elon Musk recently said that saving for retirement could become “irrelevant” in the next decade, as new technologies promise to create such an abundance of resources that nobody will need a nest egg.Dario Amodei warned this week that achieving a plentiful future won’t be easy. The CEO of Anthropic, the…
