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Comment Re:Unpopular but correct opinion (Score 1) 185

You're assuming the companies with these fleets of (currently largely non-existant) robots are still going to solvent if the bubble pops. That seems highly unlikely in many cases given the business model for AI is apparently "borrow massive amounts of money to fund it using the promise future orders as collateral". Asset strippers have no interest in salvaging a business; their business model is to buy the physical assets cheap, dump the debt on to bagholders (the shareholders), and sell the assets off to whoever wants it, hopefully for more than the cents on the dollar paid they probably for it. I buy stuff from these auctions from time to time; it's a great way to get nearly new, and often still on the market, kit at a fraction of the retail price.

Also, Facebook might not be the best counter example there. Remember what happened to many of the hires, business units, servers, and services, Meta setup when Zuck went all-in on the Metaverse? What do you think he'll do if going all-in on AI doesn't pan out for him?

Comment Re:Unpopular but correct opinion (Score 2) 185

Yeah, but these are Humanities students. That, by its very definition, is an area where AI should have very limited use, where it is applied should be done really, really, carefully, and job losses are far less likely than in many other fields. Sure, there's analysis of datasets, especially of geographical and historical data, but that is one of the areas where a specifically trained model can really be of use, but an AI is never going to painstakingly brush away dirt from some ancient historical site, and I shudder to think what would happen if AI hallucinations get let loose on philosophy or religion. That said, it would probably be very amusing watching those who buy into the output; and doubly so if the model was trained on the Butlerian.Jihad from Dune, less so for actual crusades, jihads, and "holy" wars.

Still, if these presumably tech savvy Gen Z students are not fans of the tech, regardless of whether that's because the recognise how its being used by corporates or some other reasons, then I think the people that need to be more worried about this are those that have built the massive pyramid trillions of dollars of debt to build something that few seem to want or trust. Like the .com boom, the bubble must pop sooner or later and sort out who is a "pets.com" and who is a "google.com", and there are growing indication that, unlike .com, the demand that will be required to pay for it all just isn't there, and we're already way beyond the scale of any previous government bailouts. That kind of crash only has one outcome; a lot of shareholders (which includes pension funds) are going to lose their shirts.

Comment Re:META is doing this to make them quit (Score 4, Informative) 92

According to TFS, the layoffs are due on 20th May. No one is going to voluntarily quit if they can just phone it in for another 8 working days and get at least some additional severence pay to tide them over while they look for a new job. If they don't get cut and are still hacked off enough on the 21st, that's probably when people are going to start to quit.

Of course, one thing Meta is very good at is profiling people. And another, as TFS points out, is being callous sociopaths. Chances are they've factored all that in and I wouldn't be at all surprised if their actual target is a 15% RIF and they've worked out that if they fire *this* 10% on the 20th, then *this* further 5% that have definitely had enough and were hoping to be laid off will be so fed up with the loss of their former colleagues and even more hostile workplace will quit of their own accord over the next few weeks. If Meta was aware you were looking for another job before they announced the 10% RIF, it's pretty good bet you're in the additional 5% they are hoping for.

Comment Re:Incredible Foolishness (Score 2) 28

It's not a lake under the city, it's an aquifer, so it takes quite a bit of time for the water to disperse, rather than flow, through it. Replenishing a little bit of the water in one area through a leak might stave off some of the sinking in that area, but the areas where water is being extracted from will continue to sink much faster, with the additional complication that the density of the aquifter likely varies as well. The net result is the same though; different parts of the city sink at different rates, with those near leaks or denser parts of the aquifer slower than those near extraction points or the more porous areas, hence all the tilting buildings.

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