Bold move.

Not because it's wrong, but because it risks initiating the collapse of the AI bubble and the whole "AI is gonna replace all skilled work, any day now, just give us another billion".

Seems like IBM can no longer wait for that day.

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int0x29 2 hours ago | parent | next [-]

Is IBM invested big in LLMs? I don't get the impression they have much to lose there.

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bayindirh 2 hours ago | parent | prev | next [-]

Their CEO already said what he's thinking about all the spending [0].

[0]: https://news.ycombinator.com/item?id=46124324

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platevoltage 3 hours ago | parent | prev | next [-]

Good. Nobody needs to rip that bandaid off. Might as well be IBM.

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brianwawok 3 hours ago | parent | prev [-]

I mean it’s IBM. On average, 70% of their decisions are bad ones. Not sure I’d pay a single bit of attention to what they do.

	▲	Nextgrid 3 hours ago \| parent \| next [-]
		To a non-technical individual IBM is still seen as a reputable brand (their consulting business would've been bankrupt long ago otherwise) and they will absolutely pay attention.
	▲	small_model 2 hours ago \| parent \| prev \| next [-]
		Agree, They could have owned the home computer market, but were out-manvoured by a couple of young programmers. They are hardly the company you want to look to for guidance on the future.
	▲	bayindirh 2 hours ago \| parent \| prev [-]
		Yeah, they are only 114 years old. How they can have the knowledge to stay afloat in trying times like this?