this post was submitted on 19 Aug 2024

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

submitted 3 months ago by Espiritdescali to c/futurology

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[–] homesweethomeMrL@lemmy.world 6 points 3 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.

[–] graycube@lemmy.world 1 points 3 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.