Despite assurances that automation will lead to more fulfilling roles for humans, the current reality is downsizing alongside massive spending on AI products and innovation, with no clear indication of when new roles for displaced workers will emerge. There is a call for more transparency about when AI will take over roles previously held by humans, but this is unlikely to occur in the midst of the ongoing changes, and will more likely be studied and revealed later by researchers assessing the impact.
Key takeaways:
- The AI boom is believed to be playing a role in the ongoing layoffs in the tech industry, with companies investing heavily in AI to augment or replace human work.
- Large tech companies like Salesforce and SAP are laying off employees while also investing in AI, but they often assure that automation will lead to more fulfilling roles for humans.
- Despite the 'regrettable' downsizing, there are many examples of people using AI tools like ChatGPT for their work with satisfactory or better results.
- There is a need for greater transparency about when AI will replace human roles, but this is likely to be studied and uncovered later by researchers assessing the impact.