Goldman Sachs exec touts plans to automate ‘human assembly line’ with AI ‘robots,’ vows no mass layoffs

Goldman Sachs exec touts plans to automate ‘human assembly line’ with AI ‘robots,’ vows no mass layoffs

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Goldman Sachs will unleash a wave of generative AI “robots” to automate its famed “human assembly line,” but the tech won’t spark mass layoffs, the bank’s President and Chief Operating Officer John Waldron said Tuesday. Goldman plans to deploy digital agents across the firm to slash costs and supercharge productivity in a move that could…

Current and former Block workers say AI can’t do their jobs after Jack Dorsey’s mass layoffs: ‘You can’t really AI that’ | AI (artificial intelligence)

Current and former Block workers say AI can’t do their jobs after Jack Dorsey’s mass layoffs: ‘You can’t really AI that’ | AI (artificial intelligence)

Byadmin

Mark remembers the first time he wondered whether he was teaching Block’s AI tools how to do his job – and maybe even replace him. He was at his fintech company’s extravagant anniversary party last September. As executives led a presentation on the productivity benefits of a new internal AI tool, Mark, who worked in…

AI not causing mass layoffs, but changing nature of work: Study

AI not causing mass layoffs, but changing nature of work: Study

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A new study by the Indian Council for Research on International Economic Relations (ICRIER), supported by OpenAI, has sought to ease concerns about large-scale job losses due to artificial intelligence.According to the report, generative AI is not triggering mass layoffs in India’s IT sector at present. Instead, it is reshaping how work is organised, improving…