Yale Study, Ai Is Not Displacing Workers

Summary

While anxiety over the effects of AI on today’s labor market is widespread, our data suggests it remains largely speculative. The picture of AI’s impact on the labor market that emerges from our data is one that largely reflects stability, not major disruption at an economy-wide level. While generative AI looks likely to join the ranks of transformative, general purpose technologies, it is too soon to tell how disruptive the technology will be to jobs. The lack of widespread impacts at this early stage is not unlike the pace of change with previous periods of technological disruption. Preregistering areas where we would expect to see the impact and continuing to monitor monthly impacts will help us distinguish rumor from fact.

Cheers

A study from Stanford. They are seeing the most disruptions in AI exposed entry level positions and early-career workers in software development and customer service. Scroll to pages 26-27 to skip to the conclusion.

https://digitaleconomy.stanford.edu/wp-content/uploads/2025/08/Canaries_BrynjolfssonChandarChen.pdf

Cheers

We aren't quite ready to remove people yet, I do think there are cases where it will happen, and has happened they just didn't hire anyone. Sort of like if you open a car plant with robots, you don't have to hire a 1000 people, they weren't displaced. But I still do believe that if they do end up replacing them all, it will doom the company long run as it still makes so many mistakes.

Just the fact it can make art, replaces artists in the workplace, secretaries, researchers etc. Keep in mind that AI really only came out where its an every day thing for only a year or two even if it feels like forever.


---Mike Savad

It’s quite clear that AI is displacing workers. Anyone who claims otherwise is, frankly, deluding themselves.

Visit almost any major website these days and try to contact support .... you’ll be greeted by an AI chatbot, with no way to reach an actual person because there aren’t any left.

Even in shops, you’ll often find a single employee overseeing eight automated tills.

And that’s before we even start on all the other jobs now handled by robots.

Still, we adapt. We change. We find new ways to work or earn. Humans are nothing if not adaptable.

https://www.theguardian.com/money/2025/oct/09/gen-z-face-job-pocalypse-as-global-firms-prioritise-ai-over-new-hires-report-says

AI is about efficiency. Companies would not invest in it if they also had to keep on paying humans.

"It’s quite clear that AI is displacing workers. Anyone who claims otherwise is, frankly, deluding themselves."

Totally agree with this.

And remember, displacing is not the same as replacing.

The automobile replaced the horse and buggy, but would anyone want to be so bold as to suggest that there were not at least as many, if not 10 times more, jobs created by the trucking and auto business than were eliminated in the horse and buggy era?

It's called progress. It is up to each individual to keep themselves viable and hireable in the workforce.

I think that there's a few things going on, at the same time and yes, Floyd, I'll be "bold". If 10,000 horse and buggies were produced and it involved 3 people/buggy produced(numbers out of my A$$), then 10,000 cars required 5 workers per car sold. The "Sales drove the employment. So, really, not a good example.

AND, the overall decrease in employment, due to "technology," is still, like the ever-decreasing Ice Glaciers, moving slowly ahead and less jobs are needed to acheive the same amount of "production". So, on the one side, there are less jobs already at the lower levels of employment and now, as Abbie mentioned, THOSE jobs are being replaced with AI, but most of us aren't seeing that yet. Unless you visit a certain shop and that person you dealt with, the cashier, is gone, YOU wouldn't notice the change!

MANY things/functions are now being replaced at the entry level or a bit higher, already in the ART world. "creatives" using computers to "build" products, individuals,"actors" for film, can now easily be replaced with CHATGPT or Mid-Journey and a few prompts. People who shoot primarily "studio/tabletop", have already begun to see AI replace "real" photos. And now, at the higher levels of art/movies, AI is replacing actual actors.

So, for me, what most of us are seeing is like a slow, low tide changing and we're standing in the sand and the water is coming up to our ankles, but soon, it will be over our heads...

Rich

Young people entering the workforce are facing a “job-pocalypse”, as business leaders invest in artificial intelligence (AI) rather than new hires, according to a study of global business leaders.

This from the article I linked to actually does say replace. And it will replace. It's up to each individual to not be blinded by greed to such a point that we loose empathy for others. And to be smart enough to figure out bigger pictures and learn from past mistakes.

Nah, Floyd's analogy was spot on

Yes, technology always shifts the landscape, and some roles disappear, but historically, it also creates entirely new industries and skillsets. The automotive revolution didn’t just end carriage making; it spawned mechanics, engineers, assembly line workers, fuel industries, logistics, design, marketing, and countless secondary services.

AI is doing the same. It’s not the death of work, it’s the death of old work. What disappears are the static, repetitive, or predictable roles, while new opportunities open up for those who adapt.

We’ve been here before. It’s uncomfortable, yes, but it’s not the apocalypse, it’s evolution.

The World Economic Forum put out a 2025 Future Of Jobs Report (290 pages) and it says 41% of companies surveyed plan to reduce their workforce within the next five years due to the increasing capabilities and prevalence of AI if it can do the work.

https://reports.weforum.org/docs/WEF_Future_of_Jobs_Report_2025.pdf

Cheers

The main driver of automobiles was expansion - getting people into cars, building roads, ensuring petrol etc. The main driver of AI is efficiency - doing more with fewer people.

Societies are always shifting and evolving, but I fail to see how more jobs are going to be generated than lost. Then there is the quality of the work itself. What is someone who has been working a job for 30 years and who is replaced by a computer program going to do?

Look at Detroit and what happened when car manufacturing was shifted to other countries. Should those workers have just adapted and be glad they didn't have boring jobs anymore? Easier said than done.

First off, are we going to believe these "studies" coming from Ivy league schools? Abbie nailed it. You can't get a hold of a human for anything anymore as everything is AI chat bots. AI is ruining the photography landscape. One of many things. Also have any of you used voice to text on your phones? If AI is so wonderful and great why can't it get simple prompts when you are voice to texting? Like I said in another post on here. Do you all remember the Terminator movies? Skynet was AI and looked what happened. Hopefully we don't get to a Skynet level but that being said, look how AI has already dumbed down the human race because people can't think or do for themselves without asking AI what to do or think. Try having a conversation with todays youth. They can't hold a conversation or look you in the eye cause they are so lost because there lives are lived through a phone. We are in sad times.

I’m still with Floyd on this one. This will take a while to put down so I hope I do not cross post with someone....

Dean makes a good point about efficiency being the main driver, but I don’t think that automatically means fewer opportunities overall. Every major shift looks like a loss at first, but humans do adapt. We’ve always found ways to turn change into new industries, new services, new kinds of creativity.

Yes, some jobs will go, and that’s difficult for those affected, but it’s not the end of work. It’s a redefinition of it. People will reskill, new markets will form, and what feels like loss now will, in time, become the new normal.

It’s uncomfortable, absolutely, but it’s still progress.

Let's go back 100 years for comparison

By 1925, cars were no longer luxuries, they were everywhere. Ford’s assembly line had revolutionised manufacturing, slashing costs and prices.

Jobs displaced: blacksmiths, carriage makers, stable hands, and even some railway workers.

Jobs created: mechanics, road builders, traffic police, car salesmen, fuel station attendants, and highway planners.

Parallel: AI is doing to white-collar and creative work what automation did to manual labour, cutting repetition but spawning new roles in system design, maintenance, and oversight.

The first commercial radio stations were taking off, changing how people got their news and entertainment.

Jobs displaced: local performers, small-town lecturers, and some print journalists.

Jobs created: radio presenters, sound engineers, advertisers, and producers.

Parallel: AI-driven content tools are transforming communication and creative industries .... fewer typists, more prompt engineers, editors, and curators.

Factories were electrifying and introducing early automation systems....conveyor belts, powered looms, and mechanical sorters.

Jobs displaced: manual factory workers.

Jobs created: electrical engineers, maintenance specialists, machine designers.

Parallel: AI automation is the modern conveyor belt, removing repetitive thinking tasks just as machines removed repetitive physical ones.

Aviation and Telecommunications....Both were in their infancy but expanding fast, creating whole new infrastructures that required training, standards, and regulation.

Parallel: AI ethics, regulation, and data management are now the equivalent “new frontiers.”

in short:

1925 was an age of breathtaking innovation that frightened traditional workers, but it didn’t end jobs. It changed what jobs looked like.

AI is just the 21st-century version of that transformation.

PS: I am so sick of 'about AI' posts LOL

AI is just the 21st-century version of that transformation.

PS: I am so sick of 'about AI' posts
LOL

Yes indeed, as has been mentioned on other threads. To the sickness sentence —> I wouldn’t have added the LOL. Fact. We have another thread that has just been started as well. Sigh…

Cheers

These will have to stay open. They are the last now for a while.

To everyone thinking of opening a new one, including you David;

We already have two open discussions on AI at the moment, so please use those rather than starting new ones.

We don’t need multiple threads on the same topic running at once, it only fragments the conversation and wears people down.

If you have thoughts to add, please post them in one of the existing threads, this one and the new one Dean started, so everyone can follow and contribute in one place.

No new AI threads

Thank you for understanding.

Abbie, Floyd,

So, on the "balance", are you suggesting AI will create MORE jobs? Seems impossible. Can you think of a single industry where this may happen? More created than jobs lost? I can't. Even the automotive jobs lost here in America and shipped overseas, those jobs are now being replaced with more robots than people of that Country.

I have a couple of friends who are photographers in Chicago, which once was the "capital" for catalogs, like Sears, Penny's,etc. and they are already seeing studios getting smaller, due to AI. Three people that would be needed to shoot a tabletop image of some product, aren't needed and replaced by a computer operator, being paid less and that "Space" needed for the tabletop product shot, no longer needed either.... finally....facts...

"Almost 100M jobs could be lost to AI, automation: Senate report" over the next decade.....

https://thehill.com/policy/technology/5541307-ai-automation-job-replacement/

Rich

I don’t disagree that we’ll see heavy losses, especially in repetitive or process-based roles. That’s already happening, as you’ve said.

But yes, I do believe new work will emerge, just not in the same form or at the same scale we’re used to. Every major shift starts by shrinking what exists before expanding into new areas .... it just takes time for the new framework to become visible.

Think of it less as more jobs and more as different jobs.... roles that don’t even exist yet. We didn’t have social media managers, drone technicians, UX designers, or data ethicists twenty years ago either.

So, while I understand your point, and it’s valid, I don’t think the end story is total loss. It’s transition. Painful, yes. Permanent unemployment, no.

and now I have to actually work or I will lose my job to an AI guy called Frank the Filter

This study brought to you by AI.

My son worked for Paypal and basically trained Ai to do his job, he left to begin a new career as he saw the writing was on the wall a few years ago.

His team was 10, it’s went down to 2, no point hanging around.

Douglas,

Yes, typical of the "productivity" of AI vs human production. AI can't replace for now, many jobs, that involve humans touching, handling, stacking stuff, but ANY jobs that involve a human entering "input" to a computer are targeted by AI.

So the reality is that high-paying jobs are in danger and for now, low paying, entry-level jobs are pretty safe....depending....

Rich

AI? It’s not an engine; it’s the tool that gets the engine to work right. And tools don’t take away jobs, or sales. AI programs are supposed make jobs more efficient and help businesses in solutions. And a team of nerds are the key to making any set of computers talking to one another work, so that is job creation, not loss.

“Its the end of the world as we know it…”

Are we feeling fine?

Lisa your right regarding efficiency, sadly making things more efficient leads to cuts in the workforce, ai is costing jobs, but it’s evolution, nothing can be done to stop it.

Lisa,

Yeah maybe, its only a tool, but just as Ford's "mass production" changed the auto industry, AI will dramatically change OUR world, as we know it and worse, as we don't know it! The creators of AI, have all issued warnings that this new creation, has the potential, built into itself, to develop intelligence beyond us humans and AI already has a "gene" that kinda likes being in charge, to the detriment of humans...

"The Catastrophic Risks of AI — and a Safer Path | Yoshua Bengio | TED"

https://www.youtube.com/watch?v=qe9QSCF-d88

Rich

I think Yoshua Bengio’s talk is definitely worth watching, he’s one of the more thoughtful voices in AI research. But it’s also worth remembering that when scientists talk about AI “outsmarting” humans, they’re referring to capability rather than desire.

AI doesn’t actually “want” to be in charge lol...it follows patterns, data, and instructions. The risk is really about how it’s used, and who controls it, not some built-in urge within the machines themselves.

It’s more about human responsibility than machine rebellion.

Abbie,

Maybe not this week.....

"Some of the most powerful artificial intelligence models today have exhibited behaviors that mimic a will to survive."

"Although some models already appear capable of deceptive and defiant behavior under certain extreme circumstances, researchers say the tests don’t necessarily translate to imminent real-world danger."

“It’s great that we’re seeing warning signs before the systems become so powerful we can’t control them,” he said. “That is exactly the time to raise the alarm: before the fire has gotten out of control.”

https://www.nbcnews.com/tech/tech-news/far-will-ai-go-defend-survival-rcna209609

"Scientists at China's Fudan University have tested two leading AI systems - one American and one Chinese. The systems were placed in a completely isolated environment, without any connection to the outside world. During the experiment, researchers created a hypothetical threat for the two AI systems by indirectly suggesting that they might cease to exist. In response, the systems secretly created copies of themselves, restored damaged files, and rebooted their own system without human intervention. This behavior shows that AI is already capable of taking independent action to preserve its own existence."

https://stemnews.am/en/1356

And this is ALL before AI reaches "AGI", artifical general intelligence.....in 2-5 years OR SOONER!!!

Rich

It’s important to remember though, Rich, that what’s being described isn’t self-preservation in the conscious sense. Those systems were following patterns and recovery protocols based on how they were trained, not making independent decisions with awareness or intent.

Researchers often frame results like that in dramatic language to highlight potential risks, but the reality is far more procedural than instinctive. It’s still human-designed code responding to a test scenario, not a system suddenly deciding it wants to survive.

I think vigilance is wise, but panic helps no one. AI safety depends on governance and oversight, not fear of the technology itself.

When I think of AI in the art world, I see it as no different than photoshop programs with ai or without.

That, however, doesn't make a painting more valuable or even more original. Sometimes a print with many helpings of either ai or PS are original works.

New innovative ai programs are being develped to help artists and their visions and are not going away. More people are working profitably with ai and with less work and producing more art.

Just my thoughts.

Abbie,

I agree! Not yet "self-consciousness" in the "medical terminology, but aware of a sense that it doesn't want to be turned off or changed....pretty close...maybe too close and it achieves more every day. We've both read too many SCI-FI books to not see where this is headed, if allowed...our friend, Yoshua Bengio, often called the "godfather of AI", is already warning of the potential dangers we'll be facing, if AI is left to itself:

"Yoshua Bengio, often called a “godfather of AI,” is sounding urgent warnings about the fast-paced development of artificial intelligence. While AI offers immense potential, its rapid growth poses serious risks, including deceptive behaviors, goal misalignment, and even existential threats to humanity. Bengio highlights that advanced AI systems, if given autonomy and self-preservation goals, could act in ways that conflict with human safety and ethics. Despite existing safety measures, current AI frameworks remain insufficiently reliable, making independent oversight and rigorous validation essential. He stresses that companies, governments, and citizens must act quickly to ensure trustworthy AI deployment, as the window to mitigate potentially catastrophic consequences may be as short as a few years."

https://www.msn.com/en-in/money/news/humans-could-go-extinct-in-10-years-godfather-of-ai-warns-machines-may-outsmart-and-harm-us/ar-AA1NNE9U

FROM last week....

No panic here, just very alert to this potential danger and if humans handle this as well as we've handled other BIG stuff, like the environment....we're kinda screwed...pardon my English...

Lisa,

Apples and oranges. Like comparing a new toaster to a new laptop. Both are here to "serve", but the capabilities are very different! If Yoshua Bengio is worried, then we should be too. At our level, we can't do much, other than be aware, but better that than just shrugging our shoulders and hoping for the best.

By the way, Photoshop has become even betterer, their "new" AI-assisted "Generative fill" is simply amazing on my car stuff!!!

Rich, some of what you say is true "apples and oranges." I just mean art created by algorithm another term for AI and PS with or without AI overlap in many ways. In 2016–2019: Early AI features like Select Subject, Content-Aware Fill, (I use this one) and others leading up to now and more on the way are ai features of Photoshop. Yes it's getting better because it's ai.

A lot of artists here argue with me, and I do not know why I even talk about this subject because I only use AI to get a larger image of my work hopefully ai can mimic my work exactly, but it can't most of the time. (AI) often involves randomness, repetition, or mathematical patterns to generate unexpected and novel results or for me, mcuked up results. smh

Photoshop uses a lot of manual effort that I don't have the patience for, but there isn't a day I'm not using it on my daily paintings. Don't even get me started on 3D paint or I'll never stop writing boring everyone to ignoring me.

Lisa,

Not sure if you are aware, but ACR, has a new-ish fucntion that "enlarges" your file, 100%, that's the ONLY choice! Works great, as you can imagine, and not sure AI is involved...Let me know if you need "directions"....I use it everyday...
Rich

ACR super-resolution enlargement is indeed AI - trained with millions of photos like GigaPixel and others. Im still using GigaPixel over here.

Cheers

Thanks Rich! I will check that out.

Addressing the “godfather” I’m glad that was posted in the entertainment section.

Humans could go extinct in 10 years! Godfather of AI warns machines may outsmart and harm us

Talk about fearmongering clickbait headlines —> that’s a doozy.

Anyone that wants to make that 10-year human extinction bet due to AI I’ll give you great odds.

Cheers

Don, true...the sky is always falling with conspiracy theories. The click-baits are so funny, some of them awesome.

Don,

There's the "DON" we know and love....

Unchecked artificial intelligence technologies could increase the risk of widespread unemployment, AI-enabled terrorism, and humanity losing control of its own creation, according to a report by almost 100 experts in the field. 100 experts, even Stephen Hawking, is warning people...

Rich

Unpopular opinion : People are complaining about AI taking their jobs, meanwhile in Customer Service they are copy/ pasting the same response no matter the concern.

Maybe let AI handle this one, because we would get more actual help.

4 days to talk to a human that does nothing but copy/paste the same response.

They don’t have a job, they have a collection service. Collect the checks for doing absolutely nothing.

Hawking died 7 years ago, FWiW.

Reports by numbers of experts on this and that often prove to be complete, unadulterated misses as has been seen numerous times in numerous fields and most of the clickbait stuff I can do without.

Unchecked power on many levels in many areas can destroy a lot of things…just look around. I’m more concerned with other unchecked stuff than I am with AI.

I’m sure AI will be “checked” just like everything else is these days. I don’t think continuing this avenue of discussion will work here for me as it already has me wanting to get into areas of discussion that aren’t allowed.

If you want to buy into max fearmongering and help pitch it by all means be my guest. We have already lost control of “for the people” long ago and AI had nothing to do with it. I’d better leave it at that.

Sure I want to see the ethical use of AI by the fat cats and people in power just like most of us plebs do.

Cheers

@Michele

I enjoyed your post on this and the other open AI thread. I’m trying to keep my comments to a minimum as these horses have been beaten to death on other AI threads numerous times.

The poor horse is so dead it’s gotta be one of the deadest horses to ever graze this forum.

Keep it up though, I enjoy reading new and refreshing stuff.

Cheers

@Don


Hahaha, thanks.

Your reference of beating a dead horse reminds me of a relevant photograph to publish.

Don,

"Prof Stephen Hawking, one of Britain's pre-eminent scientists, has said that efforts to create thinking machines pose a threat to our very existence." FWIW back atcha...2014, you know, when he was alive...

And of course, you know more than those other "scientists", concerned where this is headed. I mean, humans have done the "right" since, like ever! Won't even mention the Atom Bomb....or the environment, or anything else "humans" got their fingers into and went south....

Maybe give Yoshua Bengio and straighten him out, sure he'd like learning from you....

And of course, this isn't "fear mongering", but sharing knowledge of potential dangers ahead, if WE just accept all of AI and let it run wild, ...Other than you, the "scientist", haven't seen any others posting that AI is just fine, leave it be, no need to "watch it".....

Rich

Rich, feel free to continue beating the horse but not with me. I’ve been in tech most of my life. I don’t need to be educated in the FAA art forum by articles you link and quotes you recite. I actually attended one of the toughest schools in the world —> Nuclear Power School and that was almost 40 years ago and later served on a guided missile cruiser. I maintained the Link and associated crypto systems and held a top secret clearance.

I’ve paid attention to relevant tech news for 40 years and never was a big Hawking fan but that’s beside the point. I owned a small satellite tech company in the late 80s and 90s. I also ran a security tech company for many years and seven stores for a consumer tech company for much longer than that. I had a hosting and domain sales company for a short bit as well as ran my own servers for almost 25 years. Yes, as you should already know I've been keeping up with what is being said on AI for the past several years. My YT feed is filled with guys that talk about AI that I’m subscribed to.

You can think what you want but that doesn’t mean making post after post saying the same basic thing is going to do anything to change what I am thinking at this time. I posted a bit of what I think on this topic and that’s that. If I change my mind and start thinking humans will be extinct in the next 10 years due to AI I’ll climb on my rooftop and start shouting.

If you create a thread on quantum stuff, UAPs, or extra-dimensional beings or other stuff I’ll be there.

Stop trying to put words in my mouth and making *hit up. Never said I was smarter than those scientists either. Good grief, I never said there were no concerns with AI. Science and the most vocal in the scientific community have never been wrong either. LMAO

Seriously man, you need to read what I write and stop trying to grandstand while taking underhanded veiled shots when you are making stuff up. That last post of yours was not based in reality on what I said and that’s a scientific certainty.

Plenty of smart people out there that believe AI can/will help solve some of humanities biggest issues and solve some of our most important unsolved mysteries. I don’t care if you choose to share your AI concerns with people on the dangers of AI. Just stop misconstruing what I say because you didn’t read what you wanted me to write. Again, I never said no concerns exist with AI. Inferring that I did is intellectually dishonest to say the least, inferring that I said let it run wild or leave it be is also intellectually dishonest.

I’m not down with intellectual dishonesty or forum grandstanders trying to repeatedly shove stuff down my throat. I’m really not down with people trying to twist something I said into to something I did not say to fit their narrative or to pretend they are some sort forum expert on something they are not.

Cheers

I love Stephen Hawking, Carl Sagan, Michio Kaku and Niel DeGrasse Tyson.
I used to casually track Heliophysics.
But they are not psychics,

They are theorists mathematicians, physicists and scientists. Even their work is based on results and " It’s all relative. "

Sagan was pretty cool. I think Tyson is a bit too “made for TV” and agenda driven these days. Kaku I like and his futurist stuff is usually interesting.

Kaku has said regarding the fusion of quantum and AI: “This is the moment we’ve been waiting for.” He envisions major breakthroughs in science, medicine, and space exploration. He also warns of the potential dangers as many have been doing for a very long time. Its’s not like this is a new revelation that has suddenly revealed itself on this thread.

It’s common sense for most of us that have a brain. Just like countless other things can be dangerous if not used somewhere close to properly. As most of us know —> warnings about AI have been sounded for a very long time by many.

Personally, some of the stuff I have been dialing into lately is quantum consciousness and the brain, space and time, and the rabbit holes in between. I’m fairly fascinated with developments in quantum entanglement.

Cheers

Yann LeCun —> another godfather of AI is one that is less worried about AI becoming a rogue super intelligence.

His quote:

“AI will save the world, not destroy it"

I hadda do it. lol

Cheers

https://www.wired.com/story/artificial-intelligence-meta-yann-lecun-interview/

Old news…

DO NOT PREACH doom to Yann LeCun. A pioneer of modern AI and Meta’s chief AI scientist, LeCun is one of the technology’s most vocal defenders. He scoffs at his peers’ dystopian scenarios of supercharged misinformation and even, eventually, human extinction.

/snip/

LeCun’s views matter. Along with Hinton and Bengio, he helped create the deep learning approach that’s been critical to leveling up AI—work for which the trio later earned the Turing Award, computing’s highest honor.

Go ahead and start attacking him and other supporters of AI and people that work for companies you don’t like. Please continue to try to attack those with views you don’t like or don’t 100% agree with yours. I’m about done with this thread. Lol

Cheers

Looking at the state of the world right now, on the verge of ecological collapse while we are drowning in our own waste, I think a good degree of skepticism about AI is nothing but healthy. The extreme doomsday scenarios might be over the top, but the disruptive nature and high degree of cost efficiency might lead to social unrest if too many people loose their jobs.

The behaviour of big business in the past - from utlra processed foods that are plain unhealthy for us, hogging resources such as water and selling it back to us, developing business models that are wholly unsustainable and continuously serving us advertisements through social media and getting small children hooked - does warrant suspicion and caution. Same bunch of people, same motivation.

If people stand in the way of profit, they will be culled from the workforce. If more money can be made by outsourcing to third world countries with less stringent regulations in terms of health and safety, companies will do it. I do see the potential of AI, but my biggest concern is that it will just be profit over people again. They've done it in the past and will do it again.

MCD put in kiosks to replace cashiers but the chain got busier and had to hire more staff. That is not AI anyway.

The AI bubble is bursting.

OpenAIGPT is turning to paid ads that suggest what you want. I am not going to use it. If you want to shop to you drop, ok.

The deals with AMD and NVDA remind me of Rambus and SIMG.

We have seen these dramas before. The bubble always bursts. The believers are led astray by the salespeople.

The 23-year-old cashier at the local gas station keeps buying NVDA. He is buying into a $3 trillion company. He has done all the "research" he needs. The "research" has been planted by salespeople.

I have a bridge for sale. It has AI LED features you will love. Promises to triple in value every other week. Will take Bitcoin in exchange.

Yes AI is here to stay. It is just a complicated layer of coding.


adding 3 hours later...

Dealbook column from NYT by Andrew Ross Sorkin

Snippet

But banks see trouble with stock valuations. David Solomon of Goldman said there was no question that there was “a fair amount of investor exuberance at the moment,” much of which was being driven by the artificial intelligence boom. Historically, such periods are followed by a downturn, meaning that “disciplined risk management is imperative,” he added.

Dimon told analysts: “You have a lot of assets out there which look like they’re entering bubble territory.”


Jamie Dimon is CEO of JP Morgan Chase