AI is a massive bubble. Companies are going to have to start re-hiring the humans they thought they could let go because of AI and the ridiculous valuation of Nvidia as well as the absolutely stupid money being thrown at Data Centers will all have to be rolled back.
You are right, and there’s been a lot of talk on Twitter/X about an upcoming crash.
Hopefully this bubble will be contained and other sectors will be less affected.
Hard drives and especially solid state drives and RAM have seen absurd price increases because of the AI bubble. It can’t burst soon enough so prices come back to reasonableness for home and small business users.
Artificial Intelligence is neither artificial nor intelligent.
These companies have always been hiring humans - it's just that the ones pretending to be "AI" were in India. As more companies use "AI" as an excuse to lay off American workers and hire Indians as replacements, the Indian companies scramble to find computer operators to fill the gap.
AI Chatbot Turns Out to Be 700 Engineers in India:
https://tech.co/news/ai-startup-chatbot-revealed-as-human-engineers
Amazon Abandons Checkout-Less Tech That Secretly Used 1,000 Indian Employees Watching Cameras
https://thedeepdive.ca/amazon-abandons-checkout-less-tech-that-secretly-used-1000-indian-employees-watching-cameras/
"Amazon is doing away with the “Just Walk Out” checkout-less technology at its Fresh grocery stores... Instead of relying solely on artificial intelligence and advanced sensors, as Amazon had claimed, the Just Walk Out system depended heavily on manual labor from over 1,000 workers based in India... These remote “cashiers” monitored video footage from stores to track what items customers removed from shelves before generating receipts hours later."
AI is going to see a shake out in the IT sector where rapid advancement of technology is displacing workers but is only one small segment
I predict that there are going to be some spectacular coding disasters are AI coding gets ahead of it’s skis and produces synthetic code that nobody really has a clue how it works
AI driven code is written in way that is easy for an AI to understand but the AI approach is not always easy for human coders to grasp. Due to competitive pressure AI assisted coding is giving ways to AI designed and written code