As wave after wave of layoffs crash over Bay Area companies and the wider tech industry, questions swirl about the causes of the cuts. Now, at least one answer is becoming clearer: Executives want fatter pockets for investing in artificial intelligence. In an interview on the Verge’s “Decoder” podcast published Monday, Dropbox CEO Drew Houston mounted a zealous argument for the importance of AI while defending his company’s 500-worker layoff in April 2023. The two things are linked, he said,... Read this story
