alt Hacker NewsMicrosoft is a public company. That means their primary product is not products or services, it's their stock. Selling products & services can be an advertisement for their stock, but there are other methods of convincing people to buy their stock, too. Currently the stock market only wants stocks that have "AI" associated with them. It doesn't matter whether users like it or not, because having a viable business is not what the stock market is currently focused on. So, Microsoft is doing what they need to do to sell their primary product: shove AI into everything.
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It's basically the reason this bubble not only exists but has a chance not to pop : there is so much stock value in it that the big tech all want to keep feeding it, and they're sitting on so much cashflow they can afford to do it
It's absurd, but that's where it is. And a company like OpenAI basically hangs on it, because they have obligation almost ten time their revenue and the only way this does not deflate quickly is if others keep feeding it cash.
> Microsoft is a public company. That means their primary product is not products or services, it's their stock.
Yeah that's a great business idea, ask Boeing how that's going
Maybe the stock market is not a good system to organize ones economy around then?
That is not what stock market is. A company does not have to focus on stock price and stock price is not its primary product.
Are you saying they would rather double stock price than double revenue?