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Today's Large Language Models are Essentially BS Machines
(quandyfactory.com)
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And everyone in tech who has worked on ML before collectively says "yeah that's what we've been trying to tell you". Don't get me wrong, LLMs are a huge leap, but god did it show how greedy corporations are, just immediately jumping to "how quick can we lay people off?". The tech is not to that spec. Yet. It will get there, but goddamn do we need to be demanding some regulations now
I've been unemployed for 7 months. Every online job I see that's been posted for at least 6 hours has over 200 applications. I'm a senior Dev with 30 years experience, and I can't find work.
I'd say generative AI is an existential threat as bad as offshoring was for steel in the early 80s. I'm now left with the prospect of spending the last 20 years of my work life at or near minimum wage.
After all, I can't afford to spend $250,000 on a new bachelor's degree, and a community college degree might get me to $25/hr, and still costs thousands. This is causing impoverishment on a massive scale.
Ignore this threat at your peril.
Your issue sounds more like a capitalism issue. FANG companies lay off thousands of employees to cut costs and prepare for changes in the economy. AI didn't make them lay off all those employees, just corporate greed. Until AI can gather requirements, accurately produce code with at least 80%, can compile the software itself, it isn't a threat.
Edit fix autocorrect
and 100% accuracy. Only a fool would trust something coming out of AI and slap it right into production right now.
I agree though I was following the 80/20 rule. if the softwares essentially free and does 80% of your business needs businesses would be happy. Either way AI is nowhere near that since it requires someone with the knowledge currently to get it anywhere close to a complete project.
I understand how it works. The fact remains that companies already laid off people because of AI, and until now, I have never been unemployed more than 2 months.
I've also never seen a market in which most job posting garner 200 to 500 applications within 24 hours. It is armageddon out here.