Corporations one after another are claiming they're laying people off because AI has made them so much more efficient. But all the layoffs were predicted by those who saw the end of the last credit cycle coming. What an interesting coincidence.
AI hype may have kept the stock market bubble going a bit longer, but it could not avoid recession in the real economy. Interest rates increased significantly since post-scamdemic and these are the inevitable (and necessary) results.
Instead of telling the truth, they are making the downturn worse by cranking up the economic pessimism to 11 in an apparent bid to save face / increase shareholder value. Or is it part of the larger agenda to push government control via UBI?
Either way, despite AI being a useful tool, it will be like the internet. It ends up creating more jobs by opening up new possibilities and increases demand for better quality services (hedonic adaptation).
So it's a recession, and we've seen many before. It could even be a depression with how distorted the market became with decades of low interest rates.
It's both. AI is efficient in many cases and it affects many bs jobs. I've seen it first hand. Why would you pay 10 people to go through a bunch of data when one guy with AI can do it?
also, employers can downgrade, hire more entry level person to do complicated jobs, so changing out expensive roles for simplified roles is happening also. this is capitalism, and business owners operate in the dark, they dont report everything. we just save money and make money, a a few years later the census and data institutes figure out what happened.
we are changing out the workforce even faster than anyone can state
When every stock goes down to 1 cent, the person with $20 invests and becomes rich.
Like an inflated ball in a pool: the father you push it down the higher it rockets back up.
They just need to make sure when the market hits 0 you don't have a spare $20 to invest: because if everyone is rich, no one is rich.
AI is only made to saturate because of all the censors and curators running around under the basis of "child porn" (if you try to AI generate porn and post it onto places like Discord right now you have to watch out because there are invisible tripwires that can be hit with no warning) and to increase control (like AI censor algorithms that flag you randomly over simple words, which are especially effective if you sold your freedom of speech to centralized organizations like Discord and Fandom).
The Internet fell because Obama sold it to the UN, where its tech-pajeets would go in to curate and censor anything that does not conform with the current narrative. Oh and they are very big on copyright and they flood the search engines with their own stuff, remember that.
i dont know, AI is moving people out, for sure. by a lot. i dont know how much is recession, planned obsolesces, or whatever, but i for one am laying off people because i integrated AI vertically in our workflows and just dont need the same level of professionals. us ceo types have lots of friends, and several of my peers are automating out call centers, sales people, tax accountants, HR processors. shit is real as fuck.
Imagine trusting something that hallucinates to follow tax laws for you. Oh boy.
I work for a small tech firm. They hired me on recently as well as hr and a product manager. All engineers use AI IDEs. Still hiring people.
Yeah that's been going on for a while even prior to chatGPT. I feel bad for your customers dealing with those shitty robots.
Really? I find this hard to believe.
i do, it works great. the AI is correct in charging the correct tax. we used manually created rules before, it was always off, and every quarter we had loss or gains that caused overages and underpayments for the tax board, with AI, it more accurately accounts for every tax situation on every invoice. it accesses the the current tax law and rates, and calculates tax better easier and just as good as tax plugins.
Customers get people when they ask, saves a lot of time and money and customers are happy, soon, in a couple years, AI will be almost indistinguishable from human sales and customer service. which is fine, this is unstoppable so get it or get run over.
one of my friends who owns a debt consolidation company, is using AI to call banks and credit cards and negotiate too. sales functions are not that difficult when you have a playbook and train the AI. its on chat or on voice. its not the devil, but it gets freakier the longer you reject it or ignore it, when you learn what it is, its just an LLM. its not thinking.
I agree it is just an LLM and not thinking. I've dealt with AI customer service like most people have by now. I despise it, and I absolutely love the companies that still go straight to a human or make it very easy to do so.
Nothing I like less than having to go back and forth with a chatbot before finally getting sent over to someone. The chatbot solves my problem about 1% of the time.
Regarding applying rules to transactions, sounds like that was mostly automated already. I use an accounting system with rules applied. So going from that system to AI involvement applying rules, is that worth firing 20% of workforce? I really don't think so.
Regarding AI sales calls. Keep tracking those numbers and watch as people get fed up and you get less conversions.
You don't understand what AI can do, grandpa.
None of us fully understand what AI can do. That's the scary part.
Yeah, one quote is showing that you don't understand what AI is, or what it can do.
Have you tried math? Math can help you understand. But downvote me all you want because I caught you that you don't understand something.
I'm not going to downvote you. It would be pointless, you will continue to be just as dense. I frankly don't care of what you have to say. But, you have no idea how wrong you are about me. I don't know how old you are but, I guess I am a lot older that you. And I have been associated with technology all my life since I was 13 years old.
You have absolutely no idea who you are communicating with. Plus, you gain absolutely nothing with this, then why do it? and don't bother with a reply, I couldn't care less of what you have say.
With a 0 post score and 30 comment score in 2 years, not only me doesn't care about your reply.
It's everybody.
You could delete your comment and be just as worthless.
And certainly you don't know about AI. You know about insulting someone, who challenges you to prove your point, but you don't know nothing about AI.
It's nice that your alt account can't even make a point. :D
You just don't give up do you? and you keep looking into insignificant things like comments, scores and account longevity. How many accounts do you have on this platform?
Oh, you don't like Jëws, I looked at a couple of your other posts. You're not stupid, just on the wrong track with me. You have no idea what I know when it comes to technology, and I'm not about to share anything here. I don't have an agenda, I don't care about likes, scores, being an influencer, etc. And as I said I don't care what you, or anyone else on this platform, says about me. One other thing, I'm not willing to help train an LLM, or advance the New World Order.
Just one account. And this one account smashes you in activity. Comments, posts, scores means activity. And you are as active as Biden's brain.
What are you even quoting there?
And now you shift the topics to the jews... Let me guess...
I know. Because you have nothing.
Then why comment at all? If you don't want others to care about your thoughts, why do you want to influence me with your comment? Or do you actually want to be an influencer? While saying you don't want to be one... It's a logical fallacy, but I enjoy observing your arguments collapsing on each other. It's entertaining at least.
Let's just agree to disagree and stop the conversation there. It has been a waste of my time that I somehow want to lie to myself that was entertaining, but it's an absolute fruitless waste. Thank you tho. I feel obligated to say that because I was raised right.
I guess you'll never know. "If ye have faith as a grain of mustard seed, ye shall say unto this mountain, Remove hence to yonder place; and it shall remove; and nothing shall be impossible unto you." - Matthew 17:20
I'm not shifting anything "it is the Jëws stupid". Who do you think Raymond Kurzweil is? that's who I was quoting, go ahead and read my comment again. Do you think he's an American just because he was born in NYC? think again.
I'll give you a hint: beside all of them being Jëwish, they all believe in immortality.
Kurzweil is a breathless transhumanist who writes unreadable books
it couldn't even manage a vending machine at Anthropic
https://www.anthropic.com/research/project-vend-1