A rational person knows ai is nowhere close to causing a "wave of AI-fueled" layoffs. That just does NOT happen within months of a supposed new tech being "announced" all in one day to the world on every network...meaning, this was/is a coordinated marketing effort to move the masses to the "next" thing. AKA: a front end money grab.
AI is rarely even able to properly operate a chat bot and those have been around for over a decade. It takes time for new tech to cause a "wave" of anything other than rumor, hype, and billions of dollars poured into capex and overpriced industry stocks and a drain on the electric infrastructure.
Even the saas freak-out was driven by ONE hedge fund that did a great marketing job on people. The market realists are short squeezing the crap out of traders who listened to that hedge fund marketing campaign.
Traders need to get real and see through the current hype. If you take two minutes to talk to anyone who codes and has tried to use ai to code, it's horribly done with 2 to 3 or more times the needed code, it clunky, it doesn't work, it needs direction from an actual human who knows what they're doing. Yes, it might be faster at coding, but it takes the same number of people to fix, guide and educate it at this moment in time. Will that change in several months or a few years? Sure, but is a "wave" of sudden overnight ai layoffs imminent? NO!
The people who everyone thinks will become redundant will actually be used to grow companies even faster by overseeing a larger and larger volume of ai driven projects and end product. In fact, with the massive capex growth, one could easily suggest that saas will require MORE employees before it will require less. It will take a while for this to trickle down to Main Street because it takes a while for new tech to become affordable enough to be incorporated into small businesses. And, let's not forget that Main Street and many larger companies cannot find enough employees. Another point against "waves of ai induced layoffs".
Someone could even go as far as to thinking that that hedge fund was buying saas stocks at the bottom, from the people they "influenced" to sell, because they know the saas companies have already pivoted...based solely on the saas industry's capex commitments; meaning, those same saas companies will be the leaders in ai.
This email was written by ai: Adult Intelligence.
AI is rarely even able to properly operate a chat bot and those have been around for over a decade. It takes time for new tech to cause a "wave" of anything other than rumor, hype, and billions of dollars poured into capex and overpriced industry stocks and a drain on the electric infrastructure.
Even the saas freak-out was driven by ONE hedge fund that did a great marketing job on people. The market realists are short squeezing the crap out of traders who listened to that hedge fund marketing campaign.
Traders need to get real and see through the current hype. If you take two minutes to talk to anyone who codes and has tried to use ai to code, it's horribly done with 2 to 3 or more times the needed code, it clunky, it doesn't work, it needs direction from an actual human who knows what they're doing. Yes, it might be faster at coding, but it takes the same number of people to fix, guide and educate it at this moment in time. Will that change in several months or a few years? Sure, but is a "wave" of sudden overnight ai layoffs imminent? NO!
The people who everyone thinks will become redundant will actually be used to grow companies even faster by overseeing a larger and larger volume of ai driven projects and end product. In fact, with the massive capex growth, one could easily suggest that saas will require MORE employees before it will require less. It will take a while for this to trickle down to Main Street because it takes a while for new tech to become affordable enough to be incorporated into small businesses. And, let's not forget that Main Street and many larger companies cannot find enough employees. Another point against "waves of ai induced layoffs".
Someone could even go as far as to thinking that that hedge fund was buying saas stocks at the bottom, from the people they "influenced" to sell, because they know the saas companies have already pivoted...based solely on the saas industry's capex commitments; meaning, those same saas companies will be the leaders in ai.
This email was written by ai: Adult Intelligence.
