AI costs hundreds of billions of dollars and not turning a profit. Companies are laying off employees because high interest rates mean cash is too expensive to borrow so this helps to pay for the AI investment. They’re using this to help fuel the narrative that the layoffs are actually due to the success of the AI investment, but in reality layoffs were necessary for AI spending to be possible without negatively impacting the company balance sheet. At what point does this circular relationship collapse? submitted by /u/Formal_Problem9939
Originally posted by u/Formal_Problem9939 on r/ArtificialInteligence
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