/b/ - Random

A place for random musings and discussions.

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IT stocks continue to fall

Anonymous

IN

bGjq0m

No.486081

Is it actually over for IT services companies?

Anonymous

IN

xrhpME

No.486084

>>486081(OP)

Agle mahine tk sab wapas ajayenge. Never take a nifty fall seriously

Anonymous

IN

jrvfnI

No.486086

>>486081(OP)

>IT sevices are finsihed for the 75th time in the last 2 years.

Anonymous

IN

bGjq0m

No.486091

>>486086

Their profits are falling too supposedly.

Anonymous

IN

CAXxpB

No.486093

>>486081(OP)

IT boom is the only good thing that happened to india

Father Painbringer

IN

xRzp5a

No.486095

>>486081(OP)

Anonymous

IN

bGjq0m

No.486097

>>486095

Hello cuckbringer.

Anonymous

IN

sPFW1w

No.486099

>>486093

AI will bring the death of lundian economy

Anonymous

IN

CAXxpB

No.486101

>>486099

It will be really brutal

Without IT sector, india is similar to Pak/BD

Anonymous

IN

bGjq0m

No.486111

>>486099

That's an exaggeration.

Anonymous

IN

0dK/dh

No.486112

>>486081(OP)

It indeed is

The effects have started to show and it'll be exponential, the fall in the orderbook of the IT sweatshops, that means reduction in revenue and hence profits as well, mass firings come in between all this shitshow, wonder how much it'll effect the pajeet banking and finance industry though, a lot of wagiejeets have apartments, cars and other stuff on EMIs, those all become NPAs

Then there is the trade deficit thing, current IT companies offset a lot of it, them going capoot means dwindling USDDollar reserves, which means fall in rupee compared to dollar, which means higher crude oil price, which means higher diesel price, which means more inflation

It's crazy kek

Anonymous

IN

jxTk61

No.486115

>>486112

When will my gorillion lpa it jeet fren will become gwareeb?

Anonymous

IN

bGjq0m

No.486116

>>486112

Hmm....will the fall of IT services be compensated by the growth in GCCs?

Anonymous

IN

bGjq0m

No.486117

>>486115

Gazillion lpa IT types who work in product based companies won't impacted too much by this I think.

Anonymous

IN

jxTk61

No.486119

>>486117

Haaaaaaaaaaa

Anonymous

IN

bGjq0m

No.486120

>>486119

It's 50/50 at this point. So there's still hope those gazillion lpa people might also be replaced.

Anonymous

IN

0dK/dh

No.486123

>>486115

Depends on what he does tbh, what does he do?

>>486116

Let's put it this way, anything that an LLM can do, will be done by an LLM and the human doing that job will become jobless. And all the LLMs are American, so they're the ones doing the "job" from now on. You need to create a website? A portion of the money or all of it will go to the LLM company. Need to get some accounting done? Same. App development? Same.

>>486117

You underestimate these LLMs my friend, they're insanely smart, and these are the ones that are available to the public for free, imagine the enterprise versions' capabilities

Anonymous

IN

bGjq0m

No.486128

>>486123

Do you work in IT? What's the sentiment amongst your peers?

Anonymous

IN

0dK/dh

No.486135

>>486128

I used to do in the past, but have a lot of contact with people still, some are scared, some drink every night to not think about it, some are like jo hoga dekha jayega

There's a lot of talk of businesses than can be done, but in that these are tards and almost all are thinking of opening business using LLM wrappers for building websites etc. No one is thinking manufacturing or whatever. So the businesses that they are thinking are all pointless as well

Anonymous

IN

Fw1CMk

No.486154

AI is not going to replace these desperate and poor pajeets who are lining up to work in customer support night shift two way cab facility available with flexible tight deadlines.

https://www.youtube.com/watch?v=MOSb55f5vh8[embed]

Anonymous

IN

0dK/dh

No.486155

>>486154

Yaar even sarvam can do this voice shit, it's over for customer support jaabs as well

Anonymous

IN

Fw1CMk

No.486164

>>486155

>sarvam

Maya

US night shift cab facility available jobs will never die. There are people out there ready to work for 5k per month.

Anonymous

IN

0dK/dh

No.486166

>>486164

>cost of electricity

Is cheaper than 5k per month

Anonymous

IN

bGjq0m

No.486186

>>486135

If you don't mind me asking, are these people from product based companies?

Anonymous

IN

LcousA

No.486195

>>486186

Some of them, indeed

Anonymous

IN

bGjq0m

No.486233

>>486195

Thanks. Interesting to hear. What do you do now?

Anonymous

IN

0dK/dh

No.486238

>>486233

Equity market, as in, I day trade stocks

Anonymous

IN

0dK/dh

No.486243

>>486166

>>486195

>>486238

Very interesting hopping of IDs there, they keep changing all the time because of dynamic IPs, but for the first time ever it has shifted back to the exact same one

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