I am just looking what is going on with the market and some of the CEOs directly say it in plain text.
And I see that AI is capable. It has nothing to do with intelligence but its a damn good statistical machine that gives you fast access to the shared global knowledge.
They are cutting jobs as demand has plumetted, no matter how they spin it. Most companies not close to printing press are suffering, especially in germany where the employee costs are high and its hard to get rid of staff for these large corps. Mercedes/VW also running huge redundancy programmes, payoffs 300k-500k for non mgmt staff is common. This is all over Germany now and its nothing to do with AI.
Its not all due to AI for sure. Market demand is the strongest force. I think in that case for German automakers, China is strong competitor too and affects demand for German cars. At least those workers can buy Bitcoin and become free especially at the current Bitcoin prices.
All sectors its happening. AI doesnt replace jobs yet. The fake boom caused by money printing causing a bust now demand fallen away as was malinvestment/fake demand and liquidity drying up.
