This isn't a good article and makes bad connections.

The idea is that they are slashing jobs because ai will do everything, and that doesn't hold water. To start with, ai is a burgeoning technology without a solid foundation right now. These people are not being replaced at all, and to take advantage of ai, you need more teams to make more things to find the ai product that actually sticks.

The current layoffs are nothing to do with ai and everything to do with shareholders. High interest rates coupled with the post pandemic growth falloffs mean that shareholders aren't seeing value in tech shares like they used to. So, the executive teams are laying off workers to raise shares.

Look, folks. I know the hate for AI is on the rise, and I get it. But here's the thing: you live in a capitalist system. No shot. That you're "surprised_pikachu.png" about this is naive to say the least.

Now is the time to buy the hardware. Now is the time to make and develop your own models, run them locally. If you don't, if you use OpenAI API or anything, as per usual, you're getting played.

Now you're training their models, and you're actually paying for it. They should be paying YOU. But no. Like social media and the cloud before it, AI is set to centralise all data collection.

Then you have the self-defeatist pricks out there, who completely ignore AI because "iD iS bAd fOr sOcIeTy". You wanna know that else is bad for society? Monopoly, duopoly, centralisation of ownership and power.

AI has a fair deal of power already, but will become even more capable. When you've allowed venture capitalists and other exploiters to control that technology, you've just shot yourself in the foot and are hopping off to a 100 meter dash, thinking you're gonna somehow win out.

Fact is, you're just going to become subverted by AI and AGI, simply because you ignore it, not considering the real world power it will have in the future.

Stop being a cynical (no you're not a realiat), self-defeatist moron. No, you ain't tough for virtue signaling, you dumb prick. Get up off your high horse and help to decentralise AI technology.

If you don't, guess what that's gonna lead to? Oh yay, more centralisation of ownership, more centralisation of power! Such smort! Not at all dumber than a sack of doorknobs.

This is the best summary I could come up with:

SAP is the latest big tech player to cut jobs as it pours money into AI, with the German software giant announcing this week that it is investing more than $2 billion to integrate artificial intelligence into its business as part of what it called "transformation program."

And language learning platform Duolingo acknowledged a 10% reduction in its contractor workforce at the end of 2023, but denied that all of the cuts were related to increased AI usage.

Columbia University business professor Oded Netzer cautioned against linking rising corporate investment in AI to worker layoffs.

In Netzer's view, companies are simply doing what they typically do — hiring more workers that specialize in fast-growing parts of the business, while laying off those whose skills may be less useful or contribute less to revenue growth.

Cory Stahle, an economist at the Indeed Hiring Lab, told CBS MoneyWatch that AI tools are not yet sophisticated enough to replace workers entirely.

"They are rebalancing after the huge hiring burst we saw couple years back during the pandemic when people were at home, consuming more tech products than they normally would have," Stahle said.

The original article contains 950 words, the summary contains 188 words. Saved 80%. I'm a bot and I'm open source!