Micron makes massive $200 billion AI bet
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Micron makes massive $200 billion AI bet originally appeared on TheStreet.
Some readers may get the wrong impression that I am a Luddite.
According to Encyclopedia Britannica, Luddites were members of organized bands of 19th-century English handicraftsmen who rioted against the use of textile machinery that was displacing them. The term is now used broadly to refer to people opposed to technological change.
I criticize artificial intelligence, but that doesn't mean I am against machine learning.
It can be used for good. Finding patterns in data that the human mind can't "digest" properly is very useful. It has already led to scientific breakthroughs.
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Many recently launched supercomputer systems have been slapped with AI tags for marketing purposes, even if those supercomputers (hopefully) won't be used for useless stuff like chatbots.
And to mention the Luddites again, we hear every day how AI will replace humans in the workplace, or that it is already taking jobs.
Layoffs in the tech sector are on the rise
More than 150,000 tech workers were laid off in 2024. It doesn't matter if it is Amazon, Google, Tesla, or Microsoft, tech companies are looking for ways to use AI, rather than humans, to generate as much code as possible.
Relying heavily on AI to generate code, or "vibe coding," unfortunately, only works if a person can review the AI-generated slop.
AI will surely work if you are updating a website that has been made hundreds of times before. If you want to build something original, you'll have plenty of mistakes to fix.
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I don't know about you, but I don't like fixing AI's mistakes. Even before AI, gigantic "enterprise" codebases were the topic of horror stories among programmers. These vibe-coded ones will make those codebases look great, if not impeccable.
When these vibe projects get stuck, the developers hired back to fix all the AI-generated code should request higher pay to deal with it.
More Tech Stocks:
Micron Technology, Inc. (MU) is poised to profit from AI regardless of the project goals and is also helping to create more jobs in the US tech sector.
Micron to invest approximately $200 billion in US semiconductor manufacturing, R&D
Micron and the Trump Administration announced on June 12th that Micron plans to expand its U.S. investments to approximately $150 billion in domestic memory manufacturing and $50 billion in research and development, creating an estimated 90,000 direct and indirect jobs.