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.
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