When major corporations say they are cutting jobs due to AI, it’s not because of internal productivity gains (and this is not what they are claiming), outside o

When major corporations say they are cutting jobs due to AI, it’s not because of internal productivity gains (and this is not what they are claiming), outside of niche cases like content moderation, etc. Rather, the layoffs occur because these companies are making large capital investments, billions of dollars, into additional compute, training data, etc. Vast sums of money will continue to be spent in hopes of… something or other. Ex. https://www.cbsnews.com/amp/news/google-layoffs-2024-sundar-pichai/ https://www.cbsnews.com/amp/news/google-layoffs-2024-sundar-...