this post was submitted on 14 Jan 2024
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The tech sector is pouring billions of dollars into AI. But it keeps laying off humans (edition.cnn.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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The tech sector is pouring billions of dollars into AI. But it keeps laying off humans::The tech sector has kicked off the new year with a spate of fresh job cuts that are coming at the same time as the industry is doubling down on investments into artificial intelligence.

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[–] Zeth0s@lemmy.world 0 points 10 months ago* (last edited 10 months ago)

No, this is independent on AI. AI for big tech is a core product, like a car for BMW. The layoffs are completely unrelated to AI, and related to stock price and interest rates of borrowing money. None of the layoff employee has been substituted by AI. It's pure old school finance

Unrelated news in a single title just to attract readers. Usual sh**y to ride the AI hate bandwagon