Most of all of Big Tech, especially Google are doing just fine, making $100B a q... | Hacker News

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		rvz 35 days ago \| parent \| context \| favorite \| on: Google boss says AI investment boom has 'elements ... Most of all of Big Tech, especially Google are doing just fine, making $100B a quarter. Startups and other unprofitable companies however...

marcyb5st 35 days ago | [–]

After COVID they were still making a killing, but axed 12k people anyway. So, if someone starts doing layoffs and the market reacts well profitable companies will do layoffs as well

gizajob 34 days ago | [–]

You do have to question the usefulness of Big Tech burning all that profit to the ground in order to buy GPUs though.

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