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Tech stocks go ever higher, but how much of that is due to real gains, and how much is because of layoffs done in the foolish hope that generative #AI tools can replace workers?
https://www.computerworld.com/article/2077751/is-ai-driving-tech-layoffs.html by @sjvn
@sjvn Bubble bubble toil and trouble...
@sjvn
The immediate impact may be minimal, but, call me alarmist, I can understand long-term, lasting effects that is inevitable with change. Right now, by the time I find the right prompt, say to summarize text, for e.g., I could have summarized already. Over time that will improve.
Additional impacts to IP, plagiarism, in general, mis/disinfo may create new opps for employment, but not in equivalent numbers to jobs lost.
And, the case for UBI becomes increasingly relevant, Rs'll go crazy.