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AI will reduce workforce, say 41% of execs in a survey
(www.theregister.com)
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this post was submitted on 07 Apr 2024
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There's one missing piece here, and it's startup capital. You don't usually see new chemicals manufacturers for instance, because you need a lot of money to buy everything to start with.
Not only that, also for paying royalties and money for legal protection when somebody sues you just to dig you in, or for consulting lawyers so that nobody would sue you.
There are lots of problems with running a glamorous official business. Mom&pop shop - yeah, you can.
Large existing corporations will expand the industries they are involved in and take advantage of the ease of entry with AI. The have plenty of capital and won't sit on their hands when golden opportunities are a few purchases away.