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CEOs say generative AI will result in job cuts in 2024 (arstechnica.com)

submitted 10 months ago by flop_leash_973@lemmy.world to c/technology@lemmy.world

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And last year they were all saying some variation on "don't worry, AI is not going to cost anyone their jobs."

Key take away for anyone is to never trust what an executive is saying. Much like a politician, if their lips are moving they are probably lying.

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[-] WHYAREWEALLCAPS@kbin.social 5 points 10 months ago

It hurst people not rich enough to be in the 1% or above. The 1% or above will benefit from it in the short term. In the long term it is going to hurt them as fewer and fewer people will be able to buy their products and services. At least for this quarter it'll look dynamite.

Capitalism is going to eat itself.

this post was submitted on 16 Jan 2024

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