Part of the job downturn may be due to AI, not in the obvious way of LLMs doing peoples jobs but due to the money allocation: >Companies will spend $375 billio

Part of the job downturn may be due to AI, not in the obvious way of LLMs doing peoples jobs but due to the money allocation: >Companies will spend $375 billion globally in 2025 on A.I. infrastructure, the investment bank UBS estimates. (nyt) which means they have less money to hire and train recruits.