Comment by myth_drannon
1 day ago
Adobe's stock is down 50% from last year's peak. It's humbling and scary that entire industries with millions of jobs evaporate in a matter of few years.
1 day ago
Adobe's stock is down 50% from last year's peak. It's humbling and scary that entire industries with millions of jobs evaporate in a matter of few years.
There's 2 takes here: First take is the AI is replacing jobs by making existing workforce more efficient.
The 2nd take is AI is costing companies so much money, that they need to cut workforce to pay for their AI investments.
I'm inclined to think the latter is represents what's happening more than the former.
On the contrary, it's encouraging to know that maliciously greedy companies like Adobe are getting screwed for being so malicious and greedy :thumbsup:
I had second thoughts about this comment, but if I stopped typing in the middle of it, I would've had to pay a cancellation fee.
Adobe, for all their faults, can hardly be said to be more malicious or greedy than Google.
Adobe, at least, makes money by selling software. Google makes money by capturing eyeballs; only incidentally does anything they do benefit the user.
Adobe makes money by renting software, not selling it. There are many creatives that would disagree with your ranking of who is more malicious or greedy.