they surely will. That doesn’t mean they’re sharp enough to properly strategize. IMO when you have lots of money, you don’t really have to think as much, because it’s kust that more easier to breed money when you already have so much. So when the crisis finally comes, you won’t be able to properly analyze the situation.
Case in point — corpos like Microsoft and Ubisoft.
To invest billions is more difficult because high growths opportunities with high margins rarely exist in that price range.
Yes, you won’t be able to multiply your money. But once you have millions or billions to spare, it’s pretty easy to invest them in such a way that the returns will cover more than you spend on a daily basis at least. This easily develops a certain sense of carelessness.
Are they stupid or do they optimize for different constraints? MS could have introduced AI for surveillance and not for growth.
Ubisoft stock prices plummeted down and nearing the historical minimum.
Microsoft’s trust in ai is akin walking a bridge across a chasm, while building the said bridge on the go. Considering that linux share actively grows in later years, they’re doing a bad job with that bridge. EUs latest concerns about US and reliance on the US technologies don’t help either.
The quality of their product also depleeted, thanks to the reliance on aformentioned ai hype train, and usage of inapropriate technologies to build their OS companents (i.e. using react native for the start menu). All of that tops of with dubious investments, be it OpenAI, or bying Activision a few years prior. Not even mentioning the smaller game studios like Tango Gameworks that they bought only to close off immediately. Everything listed can be summarized as poor management decisions.
You might argue that they’re rich enough to spare a billion or two on such mistakes, but those mistaces appear to be systematic, rather than one-offs. To me it seems like a start of a slow and very painful fall.
plyth@feddit.org 3 weeks ago
It’s enough that 10 billionaires understand the development to convince the rest.
They think about power all day long. They will notice if they lose it.
CheesyFox@lemmy.sdf.org 3 weeks ago
they surely will. That doesn’t mean they’re sharp enough to properly strategize. IMO when you have lots of money, you don’t really have to think as much, because it’s kust that more easier to breed money when you already have so much. So when the crisis finally comes, you won’t be able to properly analyze the situation.
Case in point — corpos like Microsoft and Ubisoft.
plyth@feddit.org 3 weeks ago
Warren Buffett says no. To invest billions is more difficult because high growths opportunities with high margins rarely exist in that price range.
Are they stupid or do they optimize for different constraints? MS could have introduced AI for surveillance and not for growth.
I can’t disprove this. However I think that some are intelligent enough and with billions at their disposal they could make themselves heard.
CheesyFox@lemmy.sdf.org 3 weeks ago
Yes, you won’t be able to multiply your money. But once you have millions or billions to spare, it’s pretty easy to invest them in such a way that the returns will cover more than you spend on a daily basis at least. This easily develops a certain sense of carelessness.
Ubisoft stock prices plummeted down and nearing the historical minimum.
Microsoft’s trust in ai is akin walking a bridge across a chasm, while building the said bridge on the go. Considering that linux share actively grows in later years, they’re doing a bad job with that bridge. EUs latest concerns about US and reliance on the US technologies don’t help either.
The quality of their product also depleeted, thanks to the reliance on aformentioned ai hype train, and usage of inapropriate technologies to build their OS companents (i.e. using react native for the start menu). All of that tops of with dubious investments, be it OpenAI, or bying Activision a few years prior. Not even mentioning the smaller game studios like Tango Gameworks that they bought only to close off immediately. Everything listed can be summarized as poor management decisions.
You might argue that they’re rich enough to spare a billion or two on such mistakes, but those mistaces appear to be systematic, rather than one-offs. To me it seems like a start of a slow and very painful fall.