It strikes me that this is a massive red flag pointing to AI being in a bubble. This is an insane amount of money to give away to employees who were presumably already happy with their compensation package.
Given how high data centre costs are, and anticipated growth on spending, and how until just recently the company was actively seeking investment, to have this much spare money sloshing around shows how horrifically overvalued the company is. If I directly owned significant quantities of shares in any company that's recently invested, I'd be worried about an imminent crash in their stock prices.
Given how high data centre costs are, and anticipated growth on spending, and how until just recently the company was actively seeking investment, to have this much spare money sloshing around shows how horrifically overvalued the company is. If I directly owned significant quantities of shares in any company that's recently invested, I'd be worried about an imminent crash in their stock prices.