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

submitted 10 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] 12 points 10 months ago* (last edited 10 months ago)

The findings, based on interviews with 4,702 company chiefs spread across 105 countries, point to the far-reaching impacts that AI models are expected to have on economies and societies, a topic that will feature prominently at the annual meetings.

Once you start digging into the article it is quite hysterical what executives think a predictive chat model are going to replace. It reads more like a wish list then anything else.

But they expect AI to replace transportation, Tesla and General Motors are not having any success with this.... yet. There appears to be a bandwidth issue that isn't going to be solved until the US upgrades to fiber.

Boston dynamics are having a lot of success with their robots of late. Everyone else is stuck still getting robots to stack boxes. Which is also having it's problems with bandwidth. And apparently logic issues.

They also expect things like Energy and power/utilities to be replaced by AI. And that is just dumb. Automation has already swept through the power sector, and AI is not going to help with much else, unless it is going to start repairing power lines, transformers, or the regular substation.

Above all, this is not taking into account the new jobs this also creates. People will need to repair and troubleshoot equipment at multiple layers.

What is also absent from the article is the executive jobs AI will also replace. Once AI can view things at multiple levels. True, you don't need the average worker anymore. But you don't need someone that is just collecting a paycheck, do you? If AI will be programed to replace redundancies, then it won't only find those at lower levels.