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165

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

submitted 2 years ago by flop_leash_973@lemmy.world to c/technology@lemmy.world

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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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[–] BrianTheeBiscuiteer@lemmy.world 6 points 2 years ago

For CEOs it's all about the bottom line. Let's say a print magazine lays off a bunch of writers and replaced them with AI. Readership will likely drop due to the quality drop and people not buying the magazine on principle. Let's say it's a 10% revenue drop, but they already cut costs by 35% with all the layoffs. If they come out as more profitable that's a win for them.

I mean Amazon gets shittier by the day but continue to grow their margins and market share. Products don't need to be good to sell, they need to be "good enough".