Comment on So Far, AI Is a Money Pit That Isn't Paying Off

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batmangrundies@lemmy.world ⁨1⁩ ⁨year⁩ ago

There was a smallish VFX group here that was attached to a volume screen company. They employed something like 20 people I think? So pretty small.

But the volume screen employed a guy who could do an adequate enough job with generative tools instead and the company folded. The larger VFX company they partner with had 200 employees, they recently cut to 50.

In my field, a team leader in 2018 could earn about 180,000 AUD P/A. Now those jobs are advertised for 130,000 AUD, because new models can do ~80% of the analysis with human accuracy.

AI is already folding companies and cutting jobs. It’s not in the news maybe, but as industries shift to compete with smaller firms leveraging AI it will cascade.

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