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IBM to pause hiring in plan to replace 7,800 jobs with AI

finance.yahoo.com

121–130 of 223 posts

Re: IBM to pause hiring in plan to replace 7,800 jobs with AI

#121

Earlier quoted context omitted.

A lot of corporations are replacing humans jobs instead of enhancing them with new tech like what the tech gurus say during their TED talks about the benefits of X tech. Another reason to flip cars.

Smart Money flips houses. The Smartest Money flips GPUs.

The smartest money flips the output of the GPUs, more precisely. Flipping GPUs is just a side project.

Re: IBM to pause hiring in plan to replace 7,800 jobs with AI

#122
post #73

Earlier quoted context omitted.

AbstractBoondoggle boondoggle = new AbstractBoondoggleFactory()

Thor's Law: As the length of a thread about software design increases, the probability of someone mentioning a "general-purpose tool-building factory factory factory" approaches one. Including the act of quoting Thor's Law. ——— https://www.danstroot.com/posts/2018-10-03-hammer-factories

Amazing read. And I'm stealing that "Library: you call it. Framework: it calls you." quote.

Though in reality does that mean that the guy bought a metal 3D printer?

Re: IBM to pause hiring in plan to replace 7,800 jobs with AI

#123
post #94

Earlier quoted context omitted.

They're cutting edge on quantum computing, can't think of anything more computer science than that.

And what are the real life applications of quantum computing?

There are quite significant applications related to simulating certain quantum processes.

However everyone is still pretty far off from that.

Re: IBM to pause hiring in plan to replace 7,800 jobs with AI

#124

IBM as a company barely makes sense at all at this point. They are a very large and a former tech company that mostly coasts along on doing expensive consulting projects around me-too clones of things that other people have invented just so they can still pretend to be a tech company. So you can do things with AI, cloud, and databases with them. But they aren't really leaders in any of that for a long time. And havin…

You have no idea what you are talking about. IBM does more cutting edge research than the entire HN bubble combined. Hard research like materials science and semiconductors. Consulting is less than a third of their revenue and regardless of how you feel about consulting, it seems kind of idiotic to claim that this "barely makes sense at all at this point". Are the only companies that make sense the ones that work on…

Former IBM Research employee here (At the turn of the last century, and I did database stuff for them, not research). They spent 6 billion dollars a year on research. They had a chip fab in my building (Yorktown NY) had chemists, physicist, mathematicians... The really seemed to be struggling to try and turn that R&D into profits though.

The hot new thing at IBM was "global services" consulting. Since I left they've sold their chip business, laptop business and really doubled down on consulting..

Re: IBM to pause hiring in plan to replace 7,800 jobs with AI

#126
post #59

nice way to try and pump your stock price. similar to that google guy who left because Google's AI is about to become a sentient, nice little boost to the retirement fund.

He said he left because it's dangerous, not sentient.

I think parent comment was talking about Lemoine, who never claimed the AI was dangerous, but rather that it was sentient and not being given the rights it deserved.

Re: IBM to pause hiring in plan to replace 7,800 jobs with AI

#129

Earlier quoted context omitted.

A lot of corporations are replacing humans jobs instead of enhancing them with new tech like what the tech gurus say during their TED talks about the benefits of X tech. Another reason to flip cars.

Smart Money flips houses. The Smartest Money flips GPUs.

Smart Money flips houses. The smartest money flips bits.

Re: IBM to pause hiring in plan to replace 7,800 jobs with AI

#130
post #74

This is just using the AI hype as cover to not get slammed by the markets. If they came out and said "We are pausing hiring..." the markets would rightly be like "Man they are screwed..." Expect to see more of this from zombie companies in the future, as long as they spend $20/mo on a ChatGPT subscription somewhere they are probably not violating SEC disclosures either.

You have to understand their competitive moat, DoD and especially Pentagon contracts.

Most companies don't have the capitalization, runway or people who are so badly broken as to go through the bidding process for something like that.

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