Microsoft has gone all-in on AI to the detriment of basically every other aspect of their business. They are in deep deep shit when the bubble finally pops.
15% of the total United States GDP is a single company. I struggle to comprehend the scale of that, but one thing is for certain; it’s going to bite us in the ass eventually.
It’s not one company, but the top 5 companies make up 40% of South Korea’s economy, with the top 30 76.9% of their GDP. It’s scary to imagine the power they wield over the peoples lives.
Power over their lives? Nonsense, the people of Samsungouth Korea are completely free to use iPhones instead of Samsung phones if they want! They can also leave their Samsung apartments to work at the Samsung office, built by the Samsung construction company using Samsung heavy machinery, any time they want! If they were to get injured on the way, they’ll get treated at Samsung Medical Center and not to worry, of course their Samsung insurance will cover it.
15% of the total United States GDP is a single company
no, it is not. you struggle to comprehend it because it is not true.
it is comparing different things. one is a valuation, the other is the value of goods and services over a year.
the comparision would be with yearly revenue of a company
Microsoft has gone all-in on AI to the detriment of basically every other aspect of their business. They are in deep deep shit when the bubble finally pops.
Azure might keep them afloat but everything else will likely crumble and they’ll have to downsize to mostly just being a cloud provider.
Don’t worry, they have like 250 ERPs too. And they’re way more expensive than, say, Odoo, though I guess not as expensive as SAP.
Gods I wish for this.
Completely gave up on the console wars thing too for AI. Such ridiculous leadership by Sadya
Fingers crossed 🤞
And I am so ready for the bubble to burst.
15% of the total United States GDP is a single company. I struggle to comprehend the scale of that, but one thing is for certain; it’s going to bite us in the ass eventually.
Stock valuation of a company is not calculated int the GDP. Only domestic revenue is. There is no company that makes trillions in revenue.
It’s not one company, but the top 5 companies make up 40% of South Korea’s economy, with the top 30 76.9% of their GDP. It’s scary to imagine the power they wield over the peoples lives.
Power over their lives? Nonsense, the people of S
amsungouth Korea are completely free to use iPhones instead of Samsung phones if they want! They can also leave their Samsung apartments to work at the Samsung office, built by the Samsung construction company using Samsung heavy machinery, any time they want! If they were to get injured on the way, they’ll get treated at Samsung Medical Center and not to worry, of course their Samsung insurance will cover it.no, it is not. you struggle to comprehend it because it is not true.
it is comparing different things. one is a valuation, the other is the value of goods and services over a year. the comparision would be with yearly revenue of a company
Thanks for the clarification.
15% of American GDP is approximately $4.57 trillion.
Absurd, isn’t it?
dont worry govt bailouts with public money will come in. Socialism for the rich and capitalism for the poor.
It’s not socialism, it’s welfare.
only if you consider companies as people.
That’s the same with socialism, though.
Welfare? For billion dollar companies? That’s rich.