Another alarming consequence of AI in the hands of ultra-capitalists
layoffs
| Source: Mastodon | Original article
AI's negative consequences grow as ultra-capitalist corporations utilize the technology.
A recent development has highlighted another negative consequence of AI in the hands of ultra-capitalist corporations. According to a report by CNBC, Oracle is cutting 21,000 jobs due to AI-powered automation. This incident underscores the pressing concern of AI-powered job automation, which is expected to disproportionately affect certain groups of employees.
The impact of AI on job markets is a significant concern, with estimates suggesting that up to 30 percent of hours currently worked in the US economy could be automated by 2030. This raises important questions about the responsibility of corporations to mitigate the negative effects of AI on their employees and the broader society. As AI continues to advance, it is essential to consider the potential downsides, including job losses, social manipulation, and privacy concerns.
As experts and leaders sound the alarm on AI's potential pitfalls, it is crucial to monitor the development and deployment of AI systems. The lack of transparency and regulation in the AI industry exacerbates these concerns, making it essential to establish binding international treaties and guidelines for the development and use of AI. As the situation unfolds, it will be important to watch for further developments and potential regulatory responses to address the negative consequences of AI.
Sources
Back to AIPULSEN