DeepSeek hot take: The emperor still has no clothes, but it's very distressing to the emperor that their non-clothes can be made so much more cheaply.
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@emilymbender
It's ironic that American tech companies were leaders in offshoring jobs to low-wage countries, then those countries out-compete them.
American corporations & hedge funds couldn't bear the thought of a well-compensated middle class arising from high tech work.
AI was supposed to suppress wages of workers, not suppress the income of billionaires.
https://www.oracle.com/jo/news/announcement/oracle-will-train-saudi-nationals-in-artificial-intelligence-and-other-latest-digital-technologies-2023-12-14/
https://www.sfgate.com/tech/article/billionaire-hohn-more-google-layoffs-17736530.php
https://www.forbes.com/sites/philkirschner/2025/01/15/did-ai-cause-those-layoffs-ny-employers-may-have-to-disclose/
https://www.forbes.com/sites/chriswestfall/2025/01/13/how-ai-revolution-is-driving-200000-layoffs-on-wall-street/
https://www.investopedia.com/tesla-earnings-q2-fy2024-8682497
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