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CEOs say generative AI will result in job cuts in 2024
(arstechnica.com)
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this post was submitted on 16 Jan 2024
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Developers: I could use AI to increase my output and productivity while better testing code and coming up with unique ways to speed up runtimes!
CEO: We could do the same output with less people!
Producing more doesn't automatically mean you will sell more. If that was true then why do manufacturers intentionally cut production?
Because software isn't something tangible that must go into the shelves. If you sell 1 or sell a billion copies the difference in costs is negligible. Completely different for physical objects where you need to produce just enough or if you make a nice cartel you can produce less and increase the prices.
That makes the point just as well. Company X uses AI to put software out even faster but the demand didn't suddenly manifest from nowhere so they sold the same amount. What do they do with the extra time? Sure they can work on something new, but there's probably an equal chance they keep release cycles the same and get rid of dead weight (i.e. people).