Yet tech companies keep posting record profits. Hmm, it's low people on the totem pole get used as pawns so executives can make millions.
this post was submitted on 10 Jan 2024
282 points (94.3% liked)
Technology
59472 readers
5116 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
It’s not AI - most companies are still in the process of experimenting with it and exploring the limitations of it, and there’s a tonne of shoe leather it doesn’t seem able to help with. If anything, companies need warm bodies to try to generate innovative uses for it.
Feels what we’re seeing is the repercussions of lots of huge tech corps making mass layoffs last year to placate their shareholders in the face of growth stagnation. Of course a lot of those devs got hired back as contractors, and consequently the global contractor market is a shambles atm, but that’s an awful lot of Silicon Vallet devs in the pool who’ll really struggle to replicate that kind of package in the wider world. I certainly felt this when I rocked up in a new city earlier last year with nothing but a CV and a plucky “can-do” attitude. I initially planned to contract but ended up taking perm, because I like food and a roof over my head.
GenAI is a bubble; it will crash sooner of later when companies realize how much money they'll have to spend on the infrastructure.
The hard part is making sure you don't lose your job while clueless execs are still enchanted by the bullshit.
We just solved the housing problem again! We just need to count mortgage defaults from software engineers! My outdoor pet mouse can write printer drivers using AI now. So yeah.