It’s hard to make sense of the technology world right now. Last month, Nvidia posted stellar earnings that drove its stock price to an all-time high. Days later, TikTok announced widespread layoffs. All of this followed several waves of layoffs at other tech giants in Ireland. There are many global factors that contribute to such local decisions but quirks within our own structures play a part. The global backdrop Two powerful countervailing trends are colliding in the tech industry today. First, there is a kind of euphoria about artificial intelligence. Technologists and investors yearn for “platform shifts” because great strides…

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