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Tech CEOs suddenly love blaming AI for mass job cuts
Earlier quoted context omitted.
IMO it’s not sudden, the AI excuses have been gradual and ramping up for a couple years now.
Maybe because the models keep getting better and the tools are slowly getting good enough to replace people? Keep in mind we’re talking about oracle here, it’s not like we’re talking about humanity’s best and brightest.
But we are talking about a corporation that is one of the most sociopathic in modern business history.
where its sits with the AI bubble I think Oracle is the 1 of the major companies apart from the OpenAI that would go belly up once the AI bubble crashes.
Earlier quoted context omitted.
Maybe because the models keep getting better and the tools are slowly getting good enough to replace people? Keep in mind we’re talking about oracle here, it’s not like we’re talking about humanity’s best and brightest.
> Maybe because the models keep getting better and the tools are slowly getting good enough to replace people? I am not sure we are there yet. In my experience even the SoTA models are faaaaar away from replacing humans, maybe making them a bit faster.
Tech CEOs suddenly love blaming AI for mass job cuts
Now is precisely not the time to cut jobs, but to invest in people's usage of AI. You have domain expertise, and you are going to burn tokens trying to replace people's jobs, but the AI revolution is not at all about people replacement, its about a change of paradigm. Watch them closely rehire thousands of new employees (who won't have the domain expertise) once they see that you actually need people to operate their…
Earlier quoted context omitted.
Maybe because the models keep getting better and the tools are slowly getting good enough to replace people? Keep in mind we’re talking about oracle here, it’s not like we’re talking about humanity’s best and brightest.
> Maybe because the models keep getting better and the tools are slowly getting good enough to replace people? I am not sure we are there yet. In my experience even the SoTA models are faaaaar away from replacing humans, maybe making them a bit faster.
When talking about bullshit jobs like, say, taking a bill received by paper and manually extracting data from it (company name, invoice number, bank account details) to enter into an accounting program, AI is already good enough according to the pareto principle.
Out of 141000, about 15%
where its sits with the AI bubble I think Oracle is the 1 of the major companies apart from the OpenAI that would go belly up once the AI bubble crashes.
Why? They’re way too big to fail. Tons of corporations rely too much on them
But Oracle could relatively easily be broken up and sold off. Essentially all of the global consulting business units could sell to competitors in the various niches, the hardware business and the cloud hosting business could be separated, etc.
Plenty of companies worldwide would be up for buying pieces of Oracle at a bargain price.
"Too big to fail" only really applies in extreme circumstances (which might happen, admittedly) and with essentially monolithic businesses (or banking).
I don't think even Microsoft is too big to fail.
And I don't think people should casually entertain the idea that really any tech industry company is too big to fail, because tech corporations that cannot die point the way to a Rollerball future.
Now is precisely not the time to cut jobs, but to invest in people's usage of AI. You have domain expertise, and you are going to burn tokens trying to replace people's jobs, but the AI revolution is not at all about people replacement, its about a change of paradigm. Watch them closely rehire thousands of new employees (who won't have the domain expertise) once they see that you actually need people to operate their…
Seems possible to flatten out a company, in a way the domain knowledge is kept.
That being said, I haven't seen many layoffs that actually seem directly AI related, because the main effects are not hiring junior Devs, and not outsourcing to low cost/skill areas.