> Tens of thousands of people will lose their jobs? Do that many people even work on AI development?
The implication is if AI is a bust, Google, Microsoft and Meta alone would have to run leaner organisations to make sense. Each of them is massively betting on LLMs are their core growth engine.
None of those orgs is going to run leaner if AI is a bust. They'll invest as much, if not more, into trying to find other ways to grow - exactly the same reason they all invested in AI in the first place.
> They'll invest as much, if not more, into trying to find other ways to grow
Management will try to hold on to the capital for as long as shareholders let them. But if the growth prospects from AI significantly diminish, 20,000 jobs in tech is a pretty conservative estimate for lay-offs.
The implication is if AI is a bust, Google, Microsoft and Meta alone would have to run leaner organisations to make sense. Each of them is massively betting on LLMs are their core growth engine.