"I think the big companies are betting on it causing massive job replacement by AI, because that's where the big money is going to be,"
"I believe that it can't. I believe that to make money you're going to have to replace human labor."
"create massive unemployment and a huge rise in profits,"
Concentrated AI capital spending by hyperscalers and large infrastructure deals are aligning economic incentives toward automation and labor replacement. Microsoft, Meta, Alphabet and Amazon plan to raise capital expenditures significantly, and major ecosystem players announced massive infrastructure deals. The profit motive favors substituting human labor with AI to reduce costs. Early labor-market indicators show shrinking opportunities, especially at entry-level, with job openings down roughly 30% since ChatGPT's launch. Recent large-scale corporate layoffs, including thousands in middle management, and internal forecasts of smaller workforces reflect expectations of a leaner workforce as automation raises efficiency.
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