Technology companies are increasingly betting more on AI
While large technology companies lay off thousands of employees, they invest millions of euros in artificial intelligence. For this reason, there are more and more doubts about the future of some jobs in the organizational chart of these companies. At the time, IBM said that it was not going to replace any programmer with AI, but, yes, the rest of the company was not immune to the contrary. For this reason, there are more and more professions that are going to disappear, and everything indicates that technology companies are not spared from a more than foreseeable restructuring that is going to leave thousands of people on the streets. The commitment to AI is expensive, and it makes companies less dependent on labor, so it seems that the situation is oscillating towards quite complicated and paradoxical positions.
A change in the business paradigm
From Business Insider they allude to experts who predict that generative AI will affect 300 million jobs in the Western bloc. However, companies such as OpenAI, Microsoft, Google, Meta or Amazon affirm that AI does not seek to replace workers, but rather enhance their work. This clashes transversally with the current push that robotics is experiencingwhich also seeks to replace workers in key areas such as factories or hospitality.
The problem is that, in the face of these comments that seek to reassure, we find that Technology companies are laying off thousands of people while they boost AI. Google, for example, has reduced its workforce from 190,000 to 182,000 employees in one year, while Microsoft has laid off more than 10,000 people in the same period, and there are surely several waves of layoffs to come if we take into account that Activision-Blizzard is in full restructuring.
At the same time, these companies significantly increase their investments in AI. Google and Microsoft have presented financial reports showing growth in infrastructure investments for AI development, despite staff cuts. This is frankly paradoxical and shows that the strategic decisions of companies have very little to do with the employment situation in which their workers find themselves. Beyond AI, it is a restructuring movement that seeks compete with the rest of the technology companies in a new battlefield that has opened. At the end of the day, no one wants to be the last to arrive to share the pie of the business model presented by AI.
Thus, the labor market is changing in an alarming way, to say the least. Therefore, workers will need to adapt to the new times, but it is possible that, sooner or later, the situation will be irreversible and thousands of workers will end up finding themselves unemployed as their skills are no longer needed. skills.
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