Technology

59598 readers

3376 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

264

CEOs say generative AI will result in job cuts in 2024 (arstechnica.com)

submitted 10 months ago by [email protected] to c/[email protected]

65 comments fedilink hide all child comments

And last year they were all saying some variation on "don't worry, AI is not going to cost anyone their jobs."

Key take away for anyone is to never trust what an executive is saying. Much like a politician, if their lips are moving they are probably lying.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 10 months ago (2 children)

Producing more doesn't automatically mean you will sell more. If that was true then why do manufacturers intentionally cut production?

[–] [email protected] 6 points 10 months ago (1 children)

Because software isn't something tangible that must go into the shelves. If you sell 1 or sell a billion copies the difference in costs is negligible. Completely different for physical objects where you need to produce just enough or if you make a nice cartel you can produce less and increase the prices.

[–] [email protected] 1 points 10 months ago

That makes the point just as well. Company X uses AI to put software out even faster but the demand didn't suddenly manifest from nowhere so they sold the same amount. What do they do with the extra time? Sure they can work on something new, but there's probably an equal chance they keep release cycles the same and get rid of dead weight (i.e. people).

[–] [email protected] 1 points 10 months ago

Artificial scarcity…

But seriously, production for physical goods, you slow down because there’s too many on the shelves. I’m more talking about digital goods like app development. For them Production means features. The only time you scale back is that you either don’t know what features your buyers want, you can’t sell what you have produced, you have no bugs (which never happens), or you are trying save money/balance budgets where you don’t make enough to pay for the development teams.