I use AI every day in my job and while it can be helpful at a surface level, every time I push it – even a little – it falls apart almost immediately. Network disconnects, losing its “memory”, hallucinations, quoting fake references…it goes on and on.
My theory? I think companies are blaming layoffs on AI to avoid admitting they over-hired and/or that their business is just not performing very well. Claiming it’s “AI” gives investors the idea the company is being innovative – instead of struggling.
For the record – I’m an AI optimist and I think eventually its capabilities will become truly useful in a way that expands economic activity and opportunity. But currently it’s far from prime time and certainly not as capable or reliable as an even a junior level recent graduate.
Would love to hear from real businesses – that aren’t in the AI space – that have found it more capable and/or materially less expensive than a human alternative and have actually made headcount reductions because they can rely on it.