AI is not doing the jobs; the remaining employees are.
No they aren’t they are in squeleton crew mode. Working at lax capacity with minimal staff.
It’s not replacing jobs, it’s being used as a scapegoat.
You could probably fire a lot of Meta and not lose any real productivity. Just look at how’s much resources they allocated to VR and stalker glasses?
The truth is these companies spent covid playing Pokémon card collector with devs and now they’re spending hundreds of billions trying to capitalize on AI, so they need that cash flow black to pay for loans.
But on the other side of the same stick, you’ve got employees who you can now whip harder and say “look, we can make flappy bird with an AI model, do your deep work using 100 ai agents instead of thinking”
Also the updates to their existing software getting increasingly buggy and sloppy.
On that note, I had latest Claude Opus xhigh write me some code.
If a user passed an empty string to the
user_idfield it would give them access to everyone’s data. How that worked was a check like “if user_id: # add user id to query”. Empty strings are falsy in Python, so empty user id retrieves all data.A function later on was filtering these results out coincidentally, but not specifically. So if this shipped, in a month when someone updated the code, we’d be allowing an empty login form to access all user data.
This is the slop getting shipped by AI code assistants. This is why I am rewriting the whole project manually.
Nope. AI is not replacing jobs. That’s their excuse for cutting jobs to finance these data centers hoping this investment will payoff eventually and they’re in a position to capitalize on it. Throwing good money after bad, as the tech is just not ready for this, and does not appear to be getting any better
The stock market is going up despite all this. I think investors think that profits will continue to go up while jobs are being cut. Which means these corps must now do more with less people. And the market thinks thats going to lead to more profits still.
I guess they think the future will be much more automated and need people less. And they could be right.
stock market is a forecast of projected future profits.
if investors thing a companies choices will make profits go up next year, they buy. if they don’t, they sell.
