@[email protected] has movedApr 24

Both Meta & Microsoft have said they're shedding staff explicitly to free up cash flow to invest in AI;

on one level this is unemployment linked to technology, but its a bit different from *actual* technological unemployment - the latter sees people losing jobs due to the deployment of technology to do their jobs. Microsoft & Meta on the other hand are sacking people to take a (bigger) punt on a business strategy that is yet to prove its transformation of productivity.

#AI #workers
h/t FT

Show threadBrokarApr 24
@ChrisMayLA6 Concerning AI, i wonder how the politicians, who celebrate and support the AI and sign related bills without consequence, want to rectify the prognosed and inevitable loss of jobs while later they are campaigning in the next election on how many jobs they will create?
Better ask them then what they think in what business they intend to create jobs in? Data cleanup for AI then instead of programming, bookkeeping and teaching?
Show thread@[email protected] has movedApr 24

@Brokar

Ahhh.... but you're expecting our political class to think beyond the next electoral cycle there, aren't you, and we know they find that almost impossible (for a range of internal & external reasons)

Show threadBrokar
@ChrisMayLA6 one can still have hope 😆 Since this is also not a US only thing. This is worldwide. Like COVID. Epidemic.
Apr 24 at 12:35pmWeb