When "AI Layoffs" Mean Layoffs Due to the "AI" Bubble Popping
Microsoft is trying to tell investors that it transitions to "AI", yet every month it seems to have 2-3 waves of layoffs, including in "AI".
Yes, many people that are laid off by Microsoft claim to be specialists in "AI" (they don't mean AI, they typically allude to nonsense that's unrelated to anything beneficial or intelligent).
Today there are reports that Facebook "Meta" with its "superintelligence" is going the way of dodo metaverse [1,2].
Buzzwords, hype, passing fads... it's time to move on.
Is "quantum" next for "Meta" [1, 2, 3, 4]? █
Related/contextual items from the news:
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Meta plans to cut 600 jobs at AI superintelligence labs
Meta on Wednesday said that it plans to cut approximately 600 jobs in its artificial intelligence division, according to a memo sent to employees that was relayed to The New York Times, as the company seeks to keep pace with competitors in the furious contest over the technology.
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Meta layoffs: Around 600 roles to be cut in AI Superintelligence Lab
Meta is undertaking a major reorganization of its artificial intelligence division, cutting several hundred positions even as it ramps up hiring for its newer TBD Lab, Axios has reported. The move reflects the company’s effort to streamline its AI operations and create a more agile structure.