this post was submitted on 22 Jun 2024
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All of big tech is really worried about this.
If the AI boom is a dud, I can see many of these companies reducing their output further. If someone comes along and competes in their primary offering, there's a real concern that they'll lose ground in ways that were unthinkable mere years ago. Someone could legitimately challenge Google on search right now, and someone could build a cheap shop that doesn't sell Chinese tat and uses local suppliers to compete with Amazon. Tech really shat the bed during the last economic downturn.
Monopolies don't care about the user experience, only profit. The AI doesnt understand the former, only the latter. The continued degredation of the user experience is a likely indicator of an increase in revenue as function of successful application of AI.
its a function of paying their employees less for more work relatively speaking and extracting more profit from consumers through ads and enshitification in general