Easy Way shares my view of AI

[chuft]

Amazon is laying off thousands of corporate workers in an effort to slim down while it spends big on the AI race.

In a note on Tuesday, Amazon human-resources executive Beth Galetti said the tech giant would cut about 14,000 corporate jobs, or about 4% of its workforce.


https://www.npr.org/2025/10/28/nx-s1...ate-workers-ai





And so it begins: AI's labor market squeeze tightens


Unfortunately I read articles like these every day. Meanwhile first Amazon Web Services (AWS), and then Azure (Microsoft Cloud) have major outages due no doubt to their crappy AI programming.

[chuft]

Nvidia passed 5 trillion market cap today. Over $208 a share, was $14 three years ago. Dividend is $0.01, yield 0.02%.

When this balloon pops and the AI bubble bursts it's going to be really ugly. I look forward to the hype reversing and everyone scrambling to claim they didn't waste money on this AI foolishness.

[LazyPooky]

Nvidia passed 5 trillion market cap today.

That's 2,500,000 times the worth of LazyTown

[chuft]

Chairman of the Federal Reserve Bank


Jerome Powell says the AI hiring apocalypse is real: ‘Job creation is pretty close to zero’




Economic effects are being felt already by restaurants as young people struggle


U.S. households earning less than $100,000 a year, which make up about 40% of Chipotle's sales, have pulled back sharply, executives said. Customers aged 25-35 years were particularly pressured, owing to rising unemployment, resumed student loan payments and sluggish wage growth, CEO Scott Boatwright said.

Chipotle cuts sales forecast again as inflation-hit diners pull back, shares slump


One detail struck me: only 40% of Chipotle's customer base make under $100,000 a year. That means 60% make $100K or more. That is the top 18% of US wage earners. Not what I would have expected for a fast food restaurant.


Edit: I notice that article said "households." Other articles I read previously said "But consumers making less than $100,000 – about 40% of Chipotle’s customers – have drastically cut back on dining at restaurants due to economic fears, Boatwright said." "Consumers who make less than $100,000, who account for roughly 40% of the company’s customer base, have further pulled back their spending, Boatwright said."

There is a big difference between household and individual income so it is not clear to me what he actually said.