A corporate artificial intelligence frenzy is sowing fear for workers on a massive scale. Seventy-one percent of people in the U.S., according to a Reuters poll on A.I., are concerned “too many people will lose jobs.” Wall Street and Big Tech are running a huge hype machine to back up their massive, risky investment in A.I., pledging it will drive a “productivity surge,” meaning fewer workers and more profits. But workers can take heart that, so far, it’s mostly hot air. To date, A.I. is making few profits.
Yes, I feel the same. While I do think those tools work, the productivity gains are not the end of the world, specially because if you want to use them effectively you need to be very specific and then review the generated code afterwards.
The problem is not the AI tools per se, but the expectation that AI will be the new industrial revolution and the feeling that managers will be able to cut costs (and personnel) due to the fictional gains that AI provides. It ends up becoming a self-fufilling prophecy, since they force devs to work harder and longer with higher productivity targets.
I do believe AI will be a big flop. Not because it is a bad tool, but because it will never fulfill the hype.
I’m kind of expecting we’ll see a similar scenario to the dotCom bubble which wiped out majority of the existing tech companies, but then once the dust settled, useful tech came out of the whole thing. We’re in the main hype phase of this technology right now, and a lot of companies are making idiotic bets that are obviously going to be ruinous.
Also worth noting that the spike in energy prices resulting from the war on Iran could be a catalyst for the bubble popping since data centers need massive amounts of energy to operate.