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AI is already linked to layoffs in the industry that created it
Channel 3000 News/CNN ^ | July 4, 2023 | CNN Staff

Posted on 07/04/2023 6:22:35 AM PDT by Diana in Wisconsin

Many have raised alarms about the potential for artificial intelligence to displace jobs in the years ahead, but it’s already causing upheaval in one industry where workers once seemed invincible: tech.

A small but growing number of tech firms have cited AI as a reason for laying off workers and rethinking new hires in recent months, as Silicon Valley races to adapt to rapid advances in the technology being developed in its own backyard.

Chegg, an education technology company, disclosed in a regulatory filing last month that it was cutting 4% of its workforce, or about 80 employees, “to better position the Company to execute against its AI strategy and to create long-term, sustainable value for its students and investors.”

IBM CEO Arvind Krishna said in an interview with Bloomberg in May that the company expects to pause hiring for roles it thinks could be replaced with AI in the coming years. (In a subsequent interview with Barrons, however, Krishna said that he felt his earlier comments were taken out of context and stressed that “AI is going to create more jobs than it takes away.”)

And in late April, file-storage service Dropbox said that it was cutting about 16% of its workforce, or about 500 people, also citing AI.

In its most-recent layoffs report, outplacement firm Challenger, Gray & Christmas said 3,900 people were laid off in May due to AI, marking its first time breaking out job cuts based on that factor. All of those cuts occurred in the tech sector, according to the firm.

(Excerpt) Read more at channel3000.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: ai; karma; robotstookmyjob
“AI, as far as I see it, doesn’t necessarily replace humans, but rather enhances the work of humans,” Wang said. “I think that the kind of competition that we all should be thinking more about is that human specialists will be replaced by human specialists who can take advantage of AI tools.”
1 posted on 07/04/2023 6:22:35 AM PDT by Diana in Wisconsin
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To: Diana in Wisconsin

Let’s be clear. It enhances the work of the last human that works. Everybody else gets nothing from the deal.


2 posted on 07/04/2023 6:24:34 AM PDT by Jonty30 (If liberals were truth tellers, they'd call themselves literals. )
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To: Diana in Wisconsin

.


3 posted on 07/04/2023 6:52:03 AM PDT by sauropod (“If they don’t believe our lies, well, that’s just conspiracy theorist stuff, there.”)
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To: Diana in Wisconsin

I see it, doesn’t necessarily replace humans

Agree it lets the thinking class of people to maintain their jobs.


4 posted on 07/04/2023 7:31:40 AM PDT by Vaduz (....)
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To: Vaduz
Agree it lets the thinking class of people to maintain their jobs.

Over time, the number of thinking people will be less and less. Then it's "Hello, Idiocracy!"

5 posted on 07/04/2023 7:33:01 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Diana in Wisconsin

It can tighten up code. Been using GTP-4 for that.


6 posted on 07/04/2023 7:40:36 AM PDT by isthisnickcool (1218 - NEVER FORGET!)
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To: Diana in Wisconsin
IBM CEO Arvind Krishna

Does he actually have a plan?

Statement 1: We are pausing hiring due to AI.
Statement 2: AI will create more jobs.

7 posted on 07/04/2023 7:50:42 AM PDT by HonkyTonkMan ( )
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To: Diana in Wisconsin

You ain’t seen nuttin yet. Just wait till the present AI Software starts writing it’s own AI Software.


8 posted on 07/04/2023 8:00:52 AM PDT by antidemoncrat (AS )
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To: dfwgator

2001 Space Odyssey

Remember the ling when Hal asked WHAT ARE YOU DOING DAVE.

If AI is that so good it can design a system to eliminate itself.


9 posted on 07/04/2023 8:40:31 AM PDT by Vaduz (....)
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To: dfwgator

Welcome to Costco. I love you.


10 posted on 07/04/2023 9:05:45 AM PDT by HombreSecreto (The life of a repo man is always intense)
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To: Vaduz

That’s another reason they want to strike down the Second. If pulling the plug doesn’t work, a well aimed shot would do the trick.


11 posted on 07/04/2023 9:39:22 AM PDT by bgill
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To: bgill

Never AI more credit then it can prove remember the panic of the Y2K issue.

Every machine has flaws and limits even the best computers crash they were designed by humans.


12 posted on 07/04/2023 9:49:01 AM PDT by Vaduz (....)
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To: antidemoncrat

LOL!

Yep. If AI is so ‘smart,’ why didn’t it see this coming? ;)


13 posted on 07/04/2023 2:37:32 PM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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