Micron exits consumer market

[OPNenthu]

The data centers are not employing people, least of all locals.  That's a lie.  They're bringing in experts to set them up and then they run autonomously more or less.

[OPNenthu]

They are in something like a trillion dollar hole and no one has figured out how to turn providing AI compute into a business that doesn't lose tens to hundreds of billions.

They're recouping costs (for now) with layoffs.

[qarkhs]

The data centers are not employing people, least of all locals.  That's a lie.  They're bringing in experts to set them up and then they run autonomously more or less.

They need a few people to go around replacing all the rapidly failing GPU parts! ;-)

[qarkhs]

They're recouping costs (for now) with layoffs.

True with the emphasis on "for now". It will only work up to a point if they continue to burn mountains of cash. Generative AI is fabulously expensive and unreliable tech. It's hard to see how they make a profit given that their costs are growing faster than their ability to generate revenues.