26 karma · joined September 24, 2020
There are other companies which are doing some crazy experimental things which may have a large impact. For instance, Truveta is cleaning up on millions of medical records, training a model on that data and using that to drive research about patient care. Too early to tell if LLMs will actually transform companies beyond slight bumps in productivity, but to me, it feels like the cloud computing moment from 12-15yrs ago.
Edit 1: typos Edit 2: More details on what's ailing the rasbaLe and how fickle crops can be here: https://www.thenewsminute.com/article/why-cultivation-karnat...
TCS has made an announcement that they will not have any layoffs during COVID https://www.bloombergquint.com/business/tcs-not-to-lay-off-e...
So, even when thousands of employees of these companies could not travel to the US, their profits soared. Anecdotally, it appears (need more data) that if these companies cannot send someone on an H1B, the job does not always go to an American national, it probably goes back offshore to Bangalore (good for us, we get those tax Rupees).
The whole "their code is horrible" is shifting of a goalpost. If that's true (and it might well be), then stop hiring them. If businesses see the point you are making, they'll stop hiring them.
On FAANGs adding value - I 100% agree. FAANGs add way more value than any Indian consulting company and that's reflected in the market cap of these companies. But surely,one can appreciate that FAANGs add value and that they lobby to have laws created in their favor. My limited point is that I don't think these American companies (which benefit from the new H1B rule) have any higher moral ground to claim with respect to their stance on immigration laws.
Also, A higher wage is an odd way to restrict hiring. A FAANG company can pay much higher wages for low-end coding job than Indian consulting companies ever can. So, if a FAANG hires the same Indian kid, at 120K/yr and have him/her do the same shitty job that the consulting company does, there's nothing here that stops it (please correct me if I am mistaken)