FOBO: new fear because of AI😱
This week, a new term appeared on the markets - FOBO (Fear Of Becoming Obsolete). This is the fear of employees and investors becoming unnecessary because of AI.
Reason:
▪️ Block announced the reduction of ~4,000 employees against the background of the introduction of AI.
▪️ Analytical report on the possible «death of office professions» collapsed the shares of software companies by ~$200 billion.
▪️ 63% of employees are ready to refuse a salary increase just to get skills in working with AI.
Почти все топ-менеджеры ожидают, что внедрение AI сократит штат компаний в ближайшие годы. Но парадокс в том, что реальный эффект технологии пока не очевиден 🫠
At JPMorgan, employees say that AI saves them working hours, but the bank’s financial results do not show it.
Conclusion: fear of AI is already affecting the labor market and shares of companies. But the main question remains open - will AI replace people or just make them work faster and more.
The Internet and personal computers couldn’t do it, it will be different with AI🤯
This week, a new term appeared on the markets - FOBO (Fear Of Becoming Obsolete). This is the fear of employees and investors becoming unnecessary because of AI.
Reason:
▪️ Block announced the reduction of ~4,000 employees against the background of the introduction of AI.
▪️ Analytical report on the possible «death of office professions» collapsed the shares of software companies by ~$200 billion.
▪️ 63% of employees are ready to refuse a salary increase just to get skills in working with AI.
Почти все топ-менеджеры ожидают, что внедрение AI сократит штат компаний в ближайшие годы. Но парадокс в том, что реальный эффект технологии пока не очевиден 🫠
At JPMorgan, employees say that AI saves them working hours, but the bank’s financial results do not show it.
Conclusion: fear of AI is already affecting the labor market and shares of companies. But the main question remains open - will AI replace people or just make them work faster and more.
The Internet and personal computers couldn’t do it, it will be different with AI🤯