13 points | by tartoran 13 hours ago
1 comments
> There is another way that AI is driving job cuts - and it has nothing to do with the technical abilities of coding tools and chatbots.
> Amazon, Meta, Google and Microsoft are collectively planning to pour $650bn (£485bn) into AI in the coming year.
> As executives hunt for ways to try to ease investor shock at those costs, many are landing on payroll, typically tech firms' single biggest expense.
> There is another way that AI is driving job cuts - and it has nothing to do with the technical abilities of coding tools and chatbots.
> Amazon, Meta, Google and Microsoft are collectively planning to pour $650bn (£485bn) into AI in the coming year.
> As executives hunt for ways to try to ease investor shock at those costs, many are landing on payroll, typically tech firms' single biggest expense.