Even more fun, the stock market is propped up by Nvidia and AI companies buying their chips. If AI crashes, it’s a new financial crisis.
Comment on GitHub CEO delivers stark message to developers: Embrace AI or get out.
Pika@sh.itjust.works 2 days agoHard agree. AI is not currently at the stage that CEO’s think it’s at. A few years down the road there’s going to be a hard crash, when the problems overthrow the benefits and they realize they are just throwing money away. Sadly this also will be accompanied with a IT/Software “sinkhole” because many who were competent in the field will have moved on to the next thing as the jobs wern’t there anymore.
Something similar happened with the Nursing field during COVID, prior to the event, there was a steady if not overflow of medical professionals, but when COVID occurred they started being treated like tools, medical facilities started having to pay mad amounts of money on traveling staff that jumped from facility to facility due to it to even partially make up for it as many left the field. Jump to today, the problem still exists, an educated field like IT or nursing can’t have an event that results in tons of people leaving the profession, as you can’t just snap your finger and get that knowledge back. It will take years to regain that trust and get people back into the fields again.
WanderingThoughts@europe.pub 2 days ago
Tollana1234567@lemmy.today 1 day ago
they already laid off so many people, when it does crash, it will. do they expect the programmers/devs they dint fire to hold thier company over til thier next grift, with so little people.
WanderingThoughts@europe.pub 1 day ago
They’ll expect that and in lot of cases fail, while China, India en EU will try buy everything for cents on the dollar. Then USA starts to lose its dominant position in digital services, what’s now a big part of the export. Or the government can panic and nationalize the whole sector. It’s not sure how things turn out, but it’ll be a weird time.
jaybone@lemmy.zip 2 days ago
I predict it will be even more somewhat lesser skilled white collar type office jobs. Like insurance adjusters and other insurance policy related jobs come to mind. AI will completely fuck this up. There will be massive lawsuits and these companies will go out of business. Same thing with other industries. Once they realize the massive fuckup they made, they will try to switch back but no one will be there available to come back. And then they are fucked. The more industries this happens to, the worse the crash will be as it affects many diverse industries. It’s a huge recipe for disasters, like Great Depression style. And with trump’s tarrifs to fan the flame, we are well on our way.
Endymion_Mallorn@kbin.melroy.org 2 days ago
Don't worry, until Trump gets his insurance adjusted by an LLM trained on real data about him (won't happen), he'll make executive orders exempting the LLM users from legal action.
Tollana1234567@lemmy.today 1 day ago
it has a cascading effect, its already affecting state university in the west in enrollment, because they dont see a future in thier degree, they are either not choosing to come to a particular 4 year university, or looking at other universities.
corsicanguppy@lemmy.ca 2 days ago
Something similar happened with the Nursing field during COVID, prior to the event, there was a steady if not overflow of medical professionals, but
What drew me to this collection of a full sentence and another fragment spliced in wasn’t the comma splice: it was the perfect example of beggaring the question.
I’m still not sure whether the bad writing was accidental or an attempt to divert from the false premise.
MasterBlaster@lemmy.world 2 days ago
This is exactly what happened to manufacturing and chip making of 40 years of “free trade”. We lack the skilled staff for these jobs.
Continuing on the nursing topic, well before covid there was a shortage of nurses, then the media blitz convinced many people to get degrees… There were so many looking for work that wages plummeted.
It’s all a shell game. The goal is to make the labor suplly huge so they can dictate wages, which they did.
They did it with programmers overthe last ten years… Now nobody can find a job.
I’m shocked! Shocked I tell you!
Tollana1234567@lemmy.today 1 day ago
travelling nurses seems to be the way to go, to earn bank. being a staff at a hospital or medical center doesnt seem attractive, unless your in a really backwoods state like a red one, where they let nurses fall to the cracks to be hired. Also the pandemic, people during thier university years wernt learning anything so they were also fucked from the start, since everything was online and not in person, thats why im seeing such bad reviews in universities in my area.
CmdrShepard49@sh.itjust.works 2 days ago
I think they’re aware which is why they’re posturing with BS statements such as his. They wouldn’t need to force it on people if it were actually as good as they want people to think it is. They want to cash in now because they know the house of cards will crumble sooner than later.