Microsoft Joins $4 Trillion Club (yahoo.com)
- Reference: 0178524270
- News link: https://slashdot.org/story/25/07/31/1439206/microsoft-joins-4-trillion-club
- Source link: https://finance.yahoo.com/news/microsofts-market-cap-surpasses-4-trillion-mark-joining-nvidia-in-exclusive-club-141657294.html
Nvidia became the first company to [2]reach the $4 trillion market cap earlier this month.
[1] https://finance.yahoo.com/news/microsofts-market-cap-surpasses-4-trillion-mark-joining-nvidia-in-exclusive-club-141657294.html
[2] https://slashdot.org/story/25/07/09/149217/nvidia-hits-4-trillion-market-cap-first-company-to-do-so
How dumb is Wall st? (Score:1)
They just invested heavily in an overpriced, over-expensive AI garbage product that doesn't work and that nobody wants while sentiments against Windows 11 have never been publicly and loudly worse and Linux is absolutely destroying them in the portable gaming market. What about that looks good? What about that says yes, buy their stock? How stupid are these Wall st clueless non-technical fossils investing in this shit?
Makes sense (Score:2)
> ... strong growth in cloud-computing services fueled by artificial intelligence demand.
> For at least the past decade Microsoft has been slowly pushing everything onto the cloud, and taking more and more power and options away from users. (Google is on that job too, but their impact in the desktop space is smaller). In short, they're trying to re-create the era of dumb terminals - but "the server" is going to be the cloud. Most computer users will be renting software, storage, and processor cycles on servers, rather than owning actual licenses and computers.
> Because everything is "AI", of course users will have no choice but to use it whether they want to or not, and will pay for it in one way or another. Hell, it's already hard to avoid - I've been using uBlock to block elements on Duck Duck Go search results so I don't see AI summaries and shilling.
> For most people, their future is one of renting everything, owning nothing, and having little or no control over their data and their computing experience. We're getting closer every day to a techno-feudalist dystopia ruled by broglicarchs. Arguably, we're kinda there now. As William Gibson said, "The future is already here — it's just not very evenly distributed".
Trickle down (Score:1)
I'm sure this will trickle down to the plebs any day now
Re: Trickle down (Score:2)
It is in most states.
The money must flow (Score:2)
While they train their AI on volunteer open source code on Github. The golden egg won't keep being laid forever, they already replaced a lot of Windows code with open source while just keeping Win32 and the Kernel proprietary. Kernel Anti Cheat is probably the final lynchpin for many people "forced" to use Windows, once they lose that a lot of technical people will leave Windows. You know that the "Xbox handhelds" will be marketed as "anti-cheat" compatible to keep gamers in the Windows Prison. Microsoft kn
New money? (Score:2)
Where does this money come from? Was it minted just for this?
TINA (Score:2)
"There is no alternative". For 90% of people in the US, stocks and real estate are basically the only investments worth doing.
1. Bonds? They're no longer countercylical, it's become clear that governments manage their bond issuance to their own advantage. I can't blame them, but it means bond investing is like betting against the house in a casino. The house always wins.
2. Gold? You'd might as well just stash your money under a mattress. Gold is awful.
3. Crypto? Don't make me laugh.
4. Private eq
Market loves layoffs too (Score:3)
CEO is the toast. Three cheers! :(
Re: (Score:2)
Nah - Microsoft (i.e. Nadella's) navigation of AI has been solid - controlling 50% of OpenAI for a measly $10B or so investment, and putting most money into growing their cloud and selling services - they are essentially the ones selling spades during the gold rush.
They do need to be careful not to be left behind, but as X.ai have shown you can go from nothing to SOTA in a couple of years if you are willing to spend the money, and this will only become easier as time goes on, employees switch companies, and
Doesn't have 2B useless 2B bubble (Score:4, Interesting)
AI is currently highly subsidized by over-eager investors with too much rich-tax-cut money. That can't last forever any more than it did during the dot-com bubble. When customers come to the point where they have to pay the real costs, they will cut back or go bargain hunting elsewhere. Open-source AI is good enough that lean or low-wage-country startups will start offering something that's 80% as good at 50% the price of the big 3. MS will get focked.
Re: (Score:3)
"controlling 50% of OpenAI for a measly $10B or so investment"
And how much money have they made off of that investment? Oh what's that, Microsoft won't say? Doesn't sound like they are very proud of the results. OpenAI itself has been losing money.
[1]https://www.cnbc.com/2024/10/3... [cnbc.com]
"But OpenAI is losing bundles of cash. The company expects $5 billion in losses this year, before stock-based compensation, on $4 billion in revenue, The Information reported earlier this month, citing documents."
[1] https://www.cnbc.com/2024/10/30/microsoft-cfo-says-openai-investment-will-cut-into-profit-this-quarter.html