Reminder - AI does not need to be able to replace anyone to lead to layoffs. All it needs to be able to do is increase productivity in some sector by some measurable or perceived,or expected amount.
It depends if the shareholder is really investing in a company they believe can reliably generate profit or playing a game of poker with people’s lives as tokens.
most of them think like PE firms now, unfortunately. get in, mess everything up to extract as much profit, and get out before you end up holding the bag, or in prison.
Like outsourcing/offshoring development of software. (The problem with this isn’t that people in cheaper places are dumber - they aren’t - but that good software requires an enormous amount of coordination and communication, which is hampered by outsourcing).
Reminder - AI does not need to be able to replace anyone to lead to layoffs. All it needs to be able to do is increase productivity in some sector by some measurable or perceived, or expected amount.
In an healthy company with a long term outlook, increased productivity is used to increase revenue, not to cash in by reducing short term expenses.
In a healthy company not beholden to shareholders
It depends if the shareholder is really investing in a company they believe can reliably generate profit or playing a game of poker with people’s lives as tokens.
most of them think like PE firms now, unfortunately. get in, mess everything up to extract as much profit, and get out before you end up holding the bag, or in prison.
Or just eat up all the budget.
currently it hasnt acheived any of that, except make people LAZY, even to the point its hurting education(k-12, and college students)
Like outsourcing/offshoring development of software. (The problem with this isn’t that people in cheaper places are dumber - they aren’t - but that good software requires an enormous amount of coordination and communication, which is hampered by outsourcing).