Futurology

1760 readers

291 users here now

founded 1 year ago

MODERATORS

[email protected]

251

Cisco Lays Off 5,500 Workers to Invest More in AI, Despite Making $10.3 Billion in Profit (futurism.com)

submitted 2 months ago by [email protected] to c/[email protected]

24 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 2 months ago (1 children)

It just has to be good enough.

Given that "good enough" is a very slippery definition, let's say that's true.

AI just isn't good enough. And it doesn't look like it's going to be anytime soon.

Frankly, I don't think these tech behemoths laying off everyone are planning on AI replacing them at all. I think they're outsourcing all those jobs to the lowest priced tech-capable countries they can find. They say "AI" but - even they know that's not going to happen for a number of years at best.

[–] [email protected] 1 points 2 months ago

Agreed. It is a scam and a bubble and an excuse to do whatever they really wanted to do in the first place. However they are selling it with the arguments I presented and I'm sure some people believe them.