Companies are responding to the AI hype cycle, investing (by laying people off) at the peak. If they were good at market timing, they’d he professional investors, not tech bro’s.
Recent tech layoffs have left many questioning the industry’s stability. However, a closer look reveals that these layoffs are not a sign of economic struggles, but rather a strategic move by tech companies to realign their priorities and invest in the future. The tech sector is pouring billions of dollars into artificial intelligence (AI) while simultaneously implementing workforce reductions, signaling a deliberate shift in focus and strategy.
Generative AI may be headed for the trough of disillusionment.
When everyone and everything has it, what's the novelty? Made in China AI tchotchkes will be cheaper, and people will seek out things that add real meaning to life, instead of a computer-programmed existence (the dream of our sociopath tech-lords). Oh, that would be The Matrix.
And companies will beg techies ( and non-techies! ) to come back.
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Companies are responding to the AI hype cycle, investing (by laying people off) at the peak. If they were good at market timing, they’d he professional investors, not tech bro’s.
https://emt.gartnerweb.com/ngw/globalassets/en/articles/imag...OPINION:
Generative AI may be headed for the trough of disillusionment.
When everyone and everything has it, what's the novelty? Made in China AI tchotchkes will be cheaper, and people will seek out things that add real meaning to life, instead of a computer-programmed existence (the dream of our sociopath tech-lords). Oh, that would be The Matrix.
And companies will beg techies ( and non-techies! ) to come back.