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Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario

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Re: Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario

#41

After watching the AI roll out for a couple years now I'm much more confident that it's just a scam. There is no net positive ROI on AI. It's not good enough, and the "mass job destruction" scenario offsets any marginal gains by eliminating the market for basically all products. That doesn't mean that mediocre C-suites won't try but it only takes 1-2 quarters to feel the burn and back track.

I recently tried to get customer service. I think it was from the DMV for my state. The website asked me to use the AI bot first. Completely useless. It took a phone call with a human to somewhat resolve the issue.

Re: Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario

#42
post #5

Now let’s see if there will be any real consequences for such reckless stupidity: my bet, nah.

Of course not. This coming crash will be where we learn that tech is "too big to fail" in the same way that the financial system is. They'll let one player fail (likely Anthropic, due to the constant fighting with the government) and bail out the rest.

I guess I'm not sure why you'd expect it to be any different than the dotcom bubble, when this didn't really happen. "Too big to fail" is a thing in finance because of contagion factors that don't really apply to tech; there's no number of AI company bankruptcies that would force your bank to suspend withdrawals.

Re: Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario

#43

Remember it was reported that OpenAI didn't think that ChatGPT would be successful? OpenAI thought that ChatGPT was yet another toy before its launch. Yet once ChatGPT became an overnight success, Altman started to talk about how AI would be dangerous, how it would displace or even replace jobs. In contrast, Amodei seemed to always believe in what he said. So, can we say that Altman is a opportunistic businessman, an…

IMO Demis has the most reasonable takes.

Re: Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario

#46
post #6

Earlier quoted context omitted.

> The only thing that matters is if LLMs with sufficient scaling can become frontier AI researchers kicking off the exponential I agree with your sentiment (about the noise), however I think this over simplifies it a bit. We may get AI that is super-human at frontier research and dramatically accelerates the pace, and still have to wait decades before it disrupts the job market (or maybe never displaces all work). Fo…

> I agree with your sentiment (about the noise), however I think this over simplifies it a bit. We may get AI that is super-human at frontier research and dramatically accelerates the pace, and still have to wait decades before it disrupts the job market (or maybe never displaces all work). I don't see why that's the case when you have super-human researchers on tap. There are indeed physical (supply chain-y) issues…

> Use that super-intelligence to solve any supply-chain issues you might be facing.

I think this is where a lot of people's thinking goes awry. Unlimited intelligence doesn't mean unlimited resources or instantaneous implementation.

Re: Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario

#47
My read has been that a lot of leaders were trying to drive “being early” as the catalyst for future success. At the complexity scale of big orgs you’re mostly fiddling with the incentives that the system self-aligns toward. Firing a bunch of people does create an incentive to use AI, if you think it’ll help.

The more pernicious effect I’ve been seeing is that we’re living in the golden age of LLMs, but eventually that’ll fade. Tokens are subsidized and cheap, model capabilities leap forward regularly, and there’s competition driving it all. But even now there’s stories about frontier models suddenly becoming less capable, or providers switching to usage-based billing, and new model releases feel a bit more sluggish and less dramatic. (Fable/Mythos notwithstanding.)

Eventually the models are going to settle into a rut of being just “good enough” to earn a living rather than all this hoopla. A lot of people will be re-hired. And we’ll do it all again for the next wave.

Re: Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario

#48
post #11

> The only thing that matters is if LLMs with sufficient scaling can become frontier AI researchers kicking off the exponential. Everything else is transient As long as the term “AI” means by-and-large LLMs with additional features sprinkled on top, the answer is no. More likely (without careful vetting by the folks aggregating these models) is that the quality will go down as more and more AI-generated output gets s…

> More likely (without careful vetting by the folks aggregating these models) is that the quality will go down as more and more AI-generated output gets subsumed into these models. This assumes that there aren't algorithmic breakthroughs which reduce training/inference costs by several OOMs. How much do these models need to do before people throw their hands in the air and say, ok this is happening. The Erdos unit di…

> How much do these models need to do before people throw their hands in the air and say, ok this is happening

What is "this"? Most people arguing against some of the more fervent predictions and promises of "inevitability" are people who are using these models in day to day - they see what the models can do, and what they struggle at.

> Now if you have millions of instances running in parallel, all "probabilistic", working on frontier AI research I really don't see the blocker (and believe me I wish I did).

My genuine prediction is that you'll get a lot of early results simply because you're applying attention to some low hanging fruit of problems, but then it will drop off due to the cost of tokens and the low rate of return. This doesn't mean that the models are especially capable of novel thought, just that we haven't algorithmically brute forced a problem with known solutions.

We would be seeing more success cases if the promises were true, setting aside AGI, human replacement, etc. We would see more, better products with more features that people would use. We wouldn't be having any arguments. The human replacement presupposes the models work in ways that they don't, and until proven otherwise, can't. I've watched those who embrace it fully flounder around on projects, some have lost their mind from the constant LLM validation, and I've seen companies go all in and then pull back based on both cost and efficacy over the last year.

I'm still waiting for the success case examples applied on a scale that would make any of the predictions come true.

Re: Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario

#49
post #24

After watching the AI roll out for a couple years now I'm much more confident that it's just a scam. There is no net positive ROI on AI. It's not good enough, and the "mass job destruction" scenario offsets any marginal gains by eliminating the market for basically all products. That doesn't mean that mediocre C-suites won't try but it only takes 1-2 quarters to feel the burn and back track.

It's a rather useful tool... and it absolutely has been overhyped repeatedly and sold as a panacea. If you believe AI will 10x you're developers you've drunk the kool-aid, if you believe AI will have no impact on your developers then you're being stubbornly ignorant.

What we're seeing is that AI is enabling us to reduce product headcount, but increase the scope of ownership for teams. We used to require each product keep at least 3 people on it to ensure that knowledge doesn't get lost with a departure, but now we're comfortable allowing an individual engineer drive it and allow AI to accelerate onboarding for a replacement when needed. This means that the teams can now handle 3x the products and our wish lists are getting shorter over time.

Re: Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario

#50

This is all noise. The leaders of these companies are flip-flopping to whatever sounds best for their current agenda - hiring, fundraising, pre-IPO, etc. The only thing that matters is if LLMs with sufficient scaling can become frontier AI researchers kicking off the exponential. Everything else is transient noise.

We have two worlds:

1. Cutting edge LLMs developing ASI/AGI. 2. AIs doing general knowledge work

The second world will be achieved far before the first world is achieved. And as the first path gets develolped, the second path becomes cheaper and cheaper to run inference on along with being democratized which reduces the margins for the cutting edge companies. It seems like a mad dash to go as far as possible until 90% of general work can be automated with more cheaply available tech

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