this post was submitted on 12 Apr 2024
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The UK's competition watchdog, the CMA, has sounded a warning over Big Tech's grip on the advanced AI market, with CEO Sarah Cardell expressing "real concerns" over how the sector is developing.

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[–] [email protected] 3 points 5 months ago (1 children)

Lol, do they have any thoughts on their finance industry? Almost like a cutthroat, zero-sum, profit ahead of everything isn't a healthy basis? Pretending it's new is disingenuous, but maybe they feel they at least have a chance to affect this having given up on other more developed industries?

[–] [email protected] 1 points 5 months ago (1 children)

The finance industry be shaking in their boots. They know when the machines take over labour, they screwed.

[–] [email protected] 1 points 5 months ago (1 children)

Sure, Goldman Sachs just announced they're reducing new grad hires by 75%

[–] [email protected] 1 points 5 months ago

Sounds great right?

What Goldman does, others do.

What happens when everyone reduces their new grad hires by 25%?