EA's new owners are making "a huge bet" on generative AI cost-cutting to help repay a $20 billion loan, claims report
The3represents @ The3represents @sh.itjust.works Posts 0Comments 1Joined 3 days ago
The3represents @ The3represents @sh.itjust.works
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That was exactly my thought. Extract cash for the owners through massive cuts, gut the company and discard the husk. Classic leveraged buy out scheme.