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cm0002 ( cm0002@europe.pub )  to United States | News & Politics@midwest.social · 5 months ago

The AI layoff wave is becoming a powder keg

techcrunch.com

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The AI layoff wave is becoming a powder keg

techcrunch.com

cm0002 ( cm0002@europe.pub )  to United States | News & Politics@midwest.social · 5 months ago
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The AI layoff wave is becoming a powder keg | TechCrunch
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At the very moment that tens of thousands of workers are being shown the door, a small cohort of AI insiders is becoming wealthy on a scale that's hard to comprehend.
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  • kibblebits ( kibblebits@quokk.au ) 
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    5 months ago

    Image is AI

    • Insekticus ( Insekticus@aussie.zone ) 
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      5 months ago

      Who said irony was dead.

  • supersquirrel ( supersquirrel@sopuli.xyz ) 
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    5 months ago

    What is a powder keg is that AI is not a real profitable industry and yet the fake money involved in it has infected every part of the US economy.

    When the AI bubble blows it is going to make these job cuts look paltry in comparison, and one of the reasons the AI bubble bursting will destroy so many US tech companies is that they fired all their talent because of AI and now have nothing of value because all of the talent already moved on and can’t be easily gotten back.

  • sunrisepirate ( sunrisepirate@piefed.social ) 
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    5 months ago

    Time to introduce the 32 hour work week to drive down the supply of labor.

    There are obviously better options to protect workers, but this is an easy one that everyone can understand.

  • m3t00🌎🇺🇦 ( m3t00@midwest.social ) 
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    5 months ago

    fuggit, going back to shoplifting

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