I guess AI is going to be how they’re going to explain the recession away. 🤷

    • hitmyspot@aussie.zone
      link
      fedilink
      arrow-up
      7
      ·
      2 days ago

      No, AI is not stealing jobs. People are not being hired as there is a general recession. The only thing keeping it from being a technical recession is the spending on ai, with the hope it will replace jobs. The preponderance of evidence now is that it does not.

      If ai didn’t exist, those jobs would still be gone. When the ai bubble drops, there will also be a drop in stocks and a drop in lending and credit, making things worse.

        • hitmyspot@aussie.zone
          link
          fedilink
          arrow-up
          6
          ·
          2 days ago

          What do you mean? If (when) the ai bubble pops, it’s pretty predictable what will happen. The question is when, not what will happen. The when decides who’s left holding the bag.

          Ai is a useful tool, ut it is costly to run and it doesn’t have a killer app. Larger co pansies are already scaling it back as they’ve looked at their internal data.