Michael Dirrer Fox
AI may not yet cause layoffs, but recent technological advances are starting to pause hiring in some industries.
ibm (New York Stock Exchange: IBMCEO Arvind Krishna is squeezing the brakes and predicting that 30% of back office jobs, such as HR, will be Replace it with artificial intelligence and automation over a period of five years. With nearly 26,000 workers in non-customer-facing jobs, that could mean about 7,800 employees will be let go in the coming years.
While IBM (IBM) is trying to capitalize on the new era, the company was a clear early leader in artificial intelligence and supercomputing. Deep Blue’s chess-playing system beat world champion Garry Kasparov in 1997, while IBM Watson AI won first prize in Danger Back in 2011.
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