I think companies who are on the business model you describe probably *will* cut workforce.  But what most people seem to miss (that you and Hassabis don't) is that even if some companies are in cruise-control / cost-cutting mode, there will always be other companies that want to do more and grow.    I'm not in the "AI will lead to mass unemployment" camp, though I do think there will be significant adjustment costs in the short run

SimpleStacker

I agree. I also think that the only thing we forget sometimes is that in many software houses, mediocrity is the business model: make money from change orders. Hook em for cheap, realize the bare minimum acceptance pass, sell that 15y expensive support contract and changes are time & material.

I despise the model but it's fairly common, especially on contracts awarded through public tenders. So "do more" may be perceived as a poor concept by some.

Demis Hassabis Thinks AI Job Cuts Are Dumb

0xbitcoiner

I agree. I also think that the only thing we forget sometimes is that in many software houses, mediocrity is the business model: make money from change orders. Hook em for cheap, realize the bare minimum acceptance pass, sell that 15y expensive support contract and changes are time & material. 


I despise the model but it's fairly common, especially on contracts awarded through public tenders. So "do more" may be perceived as a poor concept by some.