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A picture shows logos of the big technology companies named GAFAM, for Google, Apple, Facebook, Amazon and Microsoft, in Mulhouse, France, on June 2, 2023.

Sebastien Bozon | AFP | Getty Images

Late last year, an artificial intelligence engineer at Amazon was wrapping up the work week and getting ready to spend time with some friends visiting from out of town. Then, a Slack message popped up. He suddenly had a deadline to deliver a project by 6 a.m. on Monday.

There went the weekend. The AI engineer bailed on his friends, who had traveled from the East Coast to the Seattle area. Instead, he worked day and night to finish the job.

But it was all for nothing. The project was ultimately “deprioritized,” the engineer told CNBC. He said it was a familiar result. AI specialists, he said, commonly sprint to build new features that are often suddenly shelved in favor of a hectic pivot to another AI project.

The engineer, who requested anonymity out of fear of retaliation, said he had to write thousands of lines of code for new AI features in an environment with zero testing for mistakes. Since code can break if the required tests are postponed, the Amazon engineer recalled periods when team members would have to call one another in the middle of the night to fix aspects of the AI feature’s software.

AI workers at other Big Tech companies, including Google and Microsoft, told CNBC about the pressure they are similarly under to roll out tools at breakneck speeds due to the internal fear of falling behind the competition in a technology that, according to Nvidia CEO Jensen Huang, is having its “iPhone moment.”

The tech workers spoke to CNBC mostly on the condition that they remain unnamed because they weren’t authorized to speak to the media. The experiences they shared illustrate a broader trend across the industry, rather than a single company’s approach to AI.

They spoke of accelerated timelines, chasing rivals’ AI announcements and an overall lack of concern from their superiors about real-world effects, themes that appear common across a broad spectrum of the biggest tech companies — from Apple to Amazon to Google.

Engineers and those with other roles in the field said an increasingly large part of their job was focused on satisfying investors and not falling behind the competition rather than solving actual problems for users. Some said they were switched over to AI teams to help support fast-paced rollouts without having adequate time to train or learn about AI, even if they are new to the technology.

A common feeling they described is burnout from immense pressure, long hours and mandates that are constantly changing. Many said their employers are looking past surveillance concerns, AI’s effect on the climate and other potential harms, all in the name of speed. Some said they or their colleagues were looking for other jobs or switching out of AI departments, due to an untenable pace.

Expect AI to become as universal as email: HSBC

This is the dark underbelly of the generative AI gold rush. Tech companies are racing to build chatbots, agents and image generators, and they’re spending billions of dollars training their own large language models to ensure their relevance in a market that’s predicted to top $1 trillion in revenue within a decade.

Tech’s megacap companies aren’t being shy about acknowledging to investors and employees how much AI is shaping their decision-making.

Microsoft Chief Financial Officer Amy Hood, on an earnings call earlier this year, said the software company is “repivoting our workforce toward the AI-first work we’re doing without adding material number of people to the workforce,” and said Microsoft will continue to prioritize investing in AI as “the thing that’s going to shape the next decade.”

Meta CEO Mark Zuckerberg spent much of his opening remarks on his company’s earnings call last week focused on AI products and services and the advancements in its large language model called Llama 3.

“This leads me to believe that we should invest significantly more over the coming years to build even more advanced models and the largest scale AI services in the world,” Zuckerberg said.

At Amazon, CEO Andy Jassy told investors last week that the “generative AI opportunity” is almost unprecedented, and that increased capital spending is necessary to take advantage of it.

“I don’t know if any of us has seen a possibility like this in technology in a really long time, for sure since the cloud, perhaps since the Internet,” Jassy said.

Speed above everything

On the ground floor, where those investments are taking place, things can get messy.

The Amazon engineer, who lost his weekend to a project that was ultimately scuttled, said higher-ups seemed to be doing things just to “tick a checkbox,” and that speed, rather than quality, was the priority while trying to recreate products coming out of Microsoft or OpenAI.

In an emailed statement to CNBC, an Amazon spokesperson said, the company is “focused on building and deploying useful, reliable, and secure generative AI innovations that reinvent and enhance customers’ experiences,” and that Amazon is supporting its employees to “deliver those innovations.”

“It’s inaccurate and misleading to use a single employee’s anecdote to characterize the experience of all Amazon employees working in AI,” the spokesperson said.

Last year marked the beginning of the generative AI boom, following the debut of OpenAI’s ChatGPT near the end of 2022. Since then, Microsoft, Alphabet, Meta, Amazon and others have been snapping up Nvidia’s processors, which are at the core of most big AI models.

While companies such as Alphabet and Amazon continue to downsize their total headcount, they’re aggressively hiring AI experts and pouring resources into building their models and developing features for consumers and businesses.

Eric Gu, a former Apple employee who spent about four years working on AI initiatives, including for the Vision Pro headset, said that toward the end of his time at the company, he felt “boxed in.” 

“Apple is a very product-focused company, so there’s this intense pressure to immediately be productive, start shipping and contributing features,” Gu said. He said that even though he was surrounded by “these brilliant people,” there was no time to really learn from them.

“It boils down to the pace at which it felt like you had to ship and perform,” said Gu, who left Apple a year ago to join AI startup Imbue, where he said he can work on equally ambitious projects but at a more measured pace.  

Apple declined to comment.

Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.

Justin Sullivan | Getty Images

An AI engineer at Microsoft said the company is engaged in an “AI rat race.”

When it comes to ethics and safeguards, he said, Microsoft has cut corners in favor of speed, leading to rushed rollouts without sufficient concerns about what could follow. The engineer said there’s a recognition that because all of the large tech companies have access to most of the same data, there’s no real moat in AI.

Microsoft didn’t provide a comment.

Morry Kolman, an independent software engineer and digital artist who has worked on viral projects that have garnered more than 200,000 users, said that in the age of rapid advancement in AI, “it’s hard to figure out where is worth investing your time.”

“And that is very conducive to burnout just in the sense that it makes it hard to believe in something,” Kolman said, adding, “I think that the biggest thing for me is that it’s not cool or fun anymore.”

At Google, an AI team member said the burnout is the result of competitive pressure, shorter timelines and a lack of resources, particularly budget and headcount. Although many top tech companies have said they are redirecting resources to AI, the required headcount, especially on a rushed timeline, doesn’t always materialize. That is certainly the case at Google, the AI staffer said. 

The company’s hurried output has led to some public embarrassment. Google Gemini’s image-generation tool was released and promptly taken offline in February after users discovered historical inaccuracies and questionable responses. In early 2023, Google employees criticized leadership, most notably CEO Sundar Pichai, for what they called a “rushed” and “botched” announcement of its initial ChatGPT competitor called Bard.

The Google AI engineer, who has over a decade of experience in tech, said she understands the pressure to move fast, given the intense competition in generative AI, but it’s all happening as the industry is in cost-cutting mode, with companies slashing their workforce to meet investor demands and “increase their bottom line,” she said. 

There’s also the conference schedule. AI teams had to prepare for the Google I/O developer event in May 2023, followed by Cloud Next in August and then another Cloud Next conference in April 2024. That’s a significantly shorter gap between events than normal, and created a crunch for a team that was “beholden to conference timelines” for shipping features, the Google engineer said.

Google didn’t provide a comment for this story.

The sentiment in AI is not limited to the biggest companies.

An AI researcher at a government agency reported feeling rushed to keep up. Even though the government is notorious for moving slower than companies, the pressure “trickles down everywhere,” since everyone wants to get in on generative AI, the person said.

And it’s happening at startups.

There are companies getting funded by “really big VC firms who are expecting this 10X-like return,” said Ayodele Odubela, a data scientist and AI policy advisor.

“They’re trying to strike while the iron is hot,” she said.

‘A big pile of nonsense’

Regardless of the employer, AI workers said much of their jobs involve working on AI for the sake of AI, rather than to solve a business problem or to serve customers directly. 

“A lot of times, it’s being asked to provide a solution to a problem that doesn’t exist with a tool that you don’t want to use,” independent software engineer Kolman told CNBC. 

The Microsoft AI engineer said a lot of tasks are about “trying to create AI hype” with no practical use. He recalled instances when a software engineer on his team would come up with an algorithm to solve a particular problem that didn’t involve generative AI. That solution would be pushed aside in favor of one that used a large language model, even if it were less efficient, more expensive and slower, the person said. He described the irony of using an “inferior solution” just because it involved an AI model.

A software engineer at a major internet company, which the person asked to keep unnamed due to his group’s small size, said the new team he works on dedicated to AI advancement is doing large language model research “because that’s what’s hot right now.”

The engineer has worked in machine learning for years, and described much of the work in generative AI today as an “extreme amount of vaporware and hype.” Every two weeks, the engineer said, there’s some sort of big pivot, but ultimately there’s the sense that everyone is building the same thing.

Amazon's partnership with Anthropic: Here's what you need to know

He said he often has to put together demos of AI products for the company’s board of directors on three-week timelines, even though the products are “a big pile of nonsense.” There’s a constant effort to appease investors and fight for money, he said. He gave one example of building a web app to show investors even though it wasn’t related to the team’s actual work. After the presentation, “We never touched it again,” he said.

A product manager at a fintech startup said one of his projects involved a rebranding of the company’s algorithms to AI. He also worked on a ChatGPT plug-in for customers. Executives at the company never told the team why it was needed.

The employee said it felt “out of order.” The company was starting with a solution involving AI without ever defining the problem.

An AI engineer who works at a retail surveillance startup told CNBC that he’s the only AI engineer at a company of 40 people and that he handles any responsibility related to AI, which is an overwhelming task.

He said the company’s investors have inaccurate views on the capabilities of AI, often asking him to build certain things that are “impossible for me to deliver.” He said he hopes to leave for graduate school and to publish research independently.

Risky business

The Google staffer said that about six months into her role, she felt she could finally keep her head above water. Even then, she said, the pressure continued to mount, as the demands on the team were “not sustainable.”

She used the analogy of “building the plane while flying it” to describe the company’s approach to product development.

Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023.

Noah Berger | Getty Images

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Meta stock climbs 4% on report of planned metaverse cuts

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Meta stock climbs 4% on report of planned metaverse cuts

Meta CEO Mark Zuckerberg has repositioned the social media giant as an AI company.

Vincent Feuray | AFP | Getty Images

Meta Platforms shares popped about 4% higher on Thursday after Bloomberg reported that CEO Mark Zuckerberg was looking to make significant cuts to the company’s metaverse resources.

Bloomberg said that executives have considered budget cuts as high as 30% for the unit, citing people familiar with the talks.

The move would be notable for the Facebook parent company, which changed its name to Meta in October 2021 to signal its pivot beyond social media.

Zuckerberg said at the time that “the metaverse is the next frontier just like social networking was when we got started.”

The proposed cuts would likely include layoffs, according to Bloomberg, which said the cuts were part of budget planning for 2026. The cuts will likely hit the company’s virtual reality group.

Meta did not immediately respond to a request for comment.

Read more CNBC tech news

Meta’s Reality Labs unit, which develops the Quest family of VR headsets and Ray-Ban and Oakley AI smart glasses, reported a $4.4 billion loss in the company’s most recent quarter.

The division had recorded over $70 billion in cumulative losses since late 2020 as of the third-quarter report.

Read the full Bloomberg report here.

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Nvidia has a cash problem — too much of it

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Nvidia has a cash problem — too much of it

When Nvidia this week said it would take a $2 billion stake in chip design company Synopsys, it was just the latest in a string of massive investments announced by the chipmaker this year.

Nvidia has also said it would take a $1 billion stake in Nokia, invest $5 billion in Intel and $10 billion in Anthropic — $18 billion in investment commitments from those four deals, not counting smaller venture capital investments.

That doesn’t even include the biggest commitment of all: $100 billion to buy OpenAI shares over a number of years, although there is still no definitive agreement, Nvidia finance chief Colette Kress said Tuesday.

It’s a lot of money and a lot of deals, but Nvidia’s got the cash to write big checks.

At the end of October, Nvidia had $60.6 billion in cash and short-term investments. That’s up from $13.3 billion in January 2023, just after OpenAI released ChatGPT. That launch three years ago was key to making Nvidia’s chips the most valuable tech product.

As Nvidia has transformed from a maker of gaming technology into the most valuable U.S. company, its balance sheet has become a fortress, and investors are increasingly wondering what the company will do with its cash.

“No company has grown at the scale that we’re talking about,” said CEO Jensen Huang, when asked what the company plans to do with all its cash, on Nvidia’s earnings call last month.

Analysts polled by FactSet expect the company to generate $96.85 billion in free cash flow this year alone and $576 billion in free cash flow over the next three years.

Some analysts would like to see Nvidia spend more of its cash on share repurchases.

“Nvidia is set to generate over $600B in free cash flow over the next few years and it should have a lot left over for opportunistic buybacks,” wrote Melius Research analyst Ben Reitzes in a note on Monday.

The company’s board increased its share repurchase authorization in August, adding $60 billion to its total. In the first three quarters of the year, it spent $37 billion on share repurchases and dividends.

“We’re going to continue to do stock buybacks,” Huang said.

Nvidia is doing the buybacks, but it’s not stopping there.

Huang said that Nvidia’s balance sheet strength gives its customers and suppliers confidence that orders in the future, which he called offtake, will be filled.

“Our reputation and our credibility is incredible,” Huang said. “It takes a really strong balance sheet to do that, to support the level of growth and the rate of growth and the magnitude associated with that.”

Kress, Nvidia’s CFO, on Tuesday said that the company’s “largest focus” is making sure it has enough cash to deliver its next-generation products on time. Most of Nvidia’s largest suppliers are equipment manufacturers like Foxconn and Dell, which can require that Nvidia provide working capital to manage inventory and build additional manufacturing capacity.

Huang called his company’s strategic investments “really important work” and said that if companies like OpenAI grow, it drives additional consumption of AI and Nvidia’s chips. Nvidia has said that it does not require any of its investments to use its products, but they all do anyway.

“All of the investments that we’ve done so far — all of it, period — is associated with expanding the reach of Cuda, expanding the ecosystem,” Huang said, referring to the company’s AI software.

In an October filing, Nvidia said it had has already made $8.2 billion in investments in private companies. For Nvidia, those investments have replaced acquisitions.

Nvidia’s $7 billion acquisition of Mellanox in 2020 is the largest the company has ever made, and it laid the groundwork for its current AI products, which aren’t single chips but entire server racks that sell for around an estimated $3 million.

But the company faced regulatory issues when it tried to buy chip technology firm Arm for $40 billion in 2020.

Nvidia called off the deal before it could be completed after regulators in the U.S. and UK raised concerns about its effects on competition in the chip industry. Nvidia has purchased some smaller companies in recent years, to bolster its engineering teams, but it hasn’t completed a multi-billion acquisition since the Arm deal failed.

“It’s hard to think about very significant, large types of M&A,” Kress this week said, speaking at an investor conference. “I wish one would come available, but it’s not going to be very easy to do so.”

WATCH: Nvidia CEO says he supports export controls ahead of Senate Banking Committee meeting

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Weak jobs data, Salesforce earnings, GM’s ‘Silicon Valley cowboy’ and more in Morning Squawk

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Weak jobs data, Salesforce earnings, GM's 'Silicon Valley cowboy' and more in Morning Squawk

A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025.

Lauren Petracca | Bloomberg | Getty Images

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.

Here are five key things investors need to know to start the trading day:

1. Silver linings playbook

Yesterday highlighted the relevance of a market adage: Bad news can actually be good news for investors. After private payroll data showed weakness in the labor market, stocks climbed as investors hoped the report would strengthen the case for an interest rate cut at the Federal Reserve’s meeting next week.

Here’s what to know:

  • The ADP reported a surprise decline of 32,000 jobs in November. Economists surveyed by Dow Jones were forecasting a gain of 40,000.
  • The Dow Jones Industrial Average rallied more than 400 points in Wednesday’s session, pulling the 30-stock index into positive territory for the week.
  • Traders are now pricing in a roughly 89% likelihood of a rate cut, up from under 70% a month ago, according to CME’s FedWatch tool.
  • Data released by Challenger, Gray & Christmas this morning also showed layoff announcements this year totaled the most since 2020, another sign of the labor market’s slowdown.
  • Commerce Secretary Howard Lutnick told CNBC yesterday that the poor ADP numbers were due to the government shutdown and mass deportations — not tariffs.
  • Speaking of tariffs, Treasury Secretary Scott Bessent said that the Trump administration can replicate the sweeping levies if the Supreme Court rules the president exceeded his authority to enact the duties.
  • Follow live markets updates here.

2. In full force

Sheldon Cooper | Lightrocket | Getty Images

Salesforce blew past earnings per share expectations for the third quarter, sending shares higher in today’s premarket. While the company’s quarterly revenue came in slightly under Wall Street’s consensus forecast, Salesforce offered stronger-than-anticipated revenue guidance for the current three-month period.

Salesforce also said annualized revenue from its Agentforce AI software jumped 330% year over year. The firm set a better-than-expected revenue target of $60 billion for fiscal 2030 for Agentforce.

3. Jensen’s jaunt

Nvidia President and CEO Jensen Huang speaks to the media as he arrives for a meeting with the Senate Banking Committee on Capitol Hill on December 3, 2025 in Washington, DC.

Anna Moneymaker | Getty Images

Nvidia CEO Jensen Huang returned to Washington, D.C. yesterday to meet with Trump and discuss chip export restrictions. Huang then went to Capitol Hill, where lawmakers are weighing whether to approve a rule that would limit AI chip exports.

Huang said the Guaranteeing Access and Innovation for National Artificial Intelligence Act — known as the GAIN AI Act — “is even more detrimental to the United States than the AI Diffusion Act.” Huang also broke with some of his fellow AI executives by slamming state-by-state AI regulation. Such oversight would “drag this industry into a halt” and would “create a national security concern,” he said.

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4. Vaccination vote

Massachusetts Institute of Technology professor Retsef Levi speaks during an Advisory Committee on Immunization Practices meeting at the Centers for Disease Control and Prevention in Atlanta, Sept. 19, 2025.

Alyssa Pointer | Reuters

Health and Human Services Secretary Robert F. Kennedy Jr.’s hand-picked Advisory Committee on Immunization Practices is slated to vote today. On the docket: whether to change its longstanding recommendation that babies gets the hepatitis B vaccination within 24 hours of birth.

While it’s unclear how the committee will rule, any change to the recommendation would have major impacts within public health. Some experts caution that doing away with the decades-old recommendation could lead to a higher rate of chronic infections in children.

5. New terrain

GM Chief Product Officer Sterling Anderson during the automaker’s “GM Forward” event on Oct. 22, 2025 in New York City.

Michael Wayland / CNBC

Meet Sterling Anderson, General Motors‘ new executive vice president and product chief. As CNBC’s Michael Wayland reports, the self-proclaimed “Silicon Valley cowboy” is taking the Detroit automaker by storm.

Anderson’s remit includes overseeing “the end-to-end product lifecycle” of GM’s vehicles, according to the company. He told CNBC that the he wants to see a faster rate of innovation and create a “unified approach” to product.

Also helping General Motors: Trump’s decision to cut tariffs on South Korea. The company is the second-largest new vehicle importer from the country, behind South Korea-based Hyundai Motor.

The Daily Dividend

Delta Air Lines detailed the impact of the government shutdown on its profit. Here’s what the air carrier said:

  • Approximate cost to pretax profit: $200 million
  • Current-quarter earnings per share impact: 25 cents

CNBC’s Sean Conlon, Jeff Cox, Kevin Breuninger, Jordan Novet, Annie Palmer, Ashley Capoot, Annika Kim Constantino, Mike Wayland and Leslie Josephs contributed to this report. Josephine Rozzelle edited this edition.

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