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

submitted 11 months ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 6 points 11 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 11 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).