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Archive: https://archive.today/m335y

From the post:

>Instead of depressing wages or taking jobs, generative AI chatbots like ChatGPT, Claude, and Gemini have had almost no significant wage or labor impact so far – a finding that calls into question the huge capital expenditures required to create and run AI models. In a working paper released earlier this month, economists Anders Humlum and Emilie Vestergaard looked at the labor market impact of AI chatbots on 11 occupations, covering 25,000 workers and 7,000 workplaces in Denmark in 2023 and 2024. Many of these occupations have been described as being vulnerable to AI: accountants, customer support specialists, financial advisors, HR professionals, IT support specialists, journalists, legal professionals, marketing professionals, office clerks, software developers, and teachers.

Archive: https://archive.today/m335y From the post: >>Instead of depressing wages or taking jobs, generative AI chatbots like ChatGPT, Claude, and Gemini have had almost no significant wage or labor impact so far – a finding that calls into question the huge capital expenditures required to create and run AI models. In a working paper released earlier this month, economists Anders Humlum and Emilie Vestergaard looked at the labor market impact of AI chatbots on 11 occupations, covering 25,000 workers and 7,000 workplaces in Denmark in 2023 and 2024. Many of these occupations have been described as being vulnerable to AI: accountants, customer support specialists, financial advisors, HR professionals, IT support specialists, journalists, legal professionals, marketing professionals, office clerks, software developers, and teachers.

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[–] • 1 pt

AI is only successful because it has the myth of infallibility going for it. If you show a manager AI code and hand written code, even if the AI code has serious issues (but it runs), the manager will wonder why AI isn't doing everything and they're wasting time on hand written code. Because they think everything the AI does is 100% correct.

It's not going to last forever. The AI models were trained under the assumption that everything on the internet is true and correct