The giant technological massacre has begun. Thousands of employees will be replaced by AI and you can invest in it…
AI is a giant trend. Many consider it the greatest invention, making human work easier and a technological breakthrough. And that's just it... it will change the job market and completely eliminate some positions. So this revolution has already begun in earnest.
That people will lose their jobs because of AI is pretty obvious. And not just the less skilled, as one might expect. Even employees in the IT sector will lose their jobs. In particular, the giant IBM $IBM has already started this.
IBM CEO Arvind Krishna has announced a hiring freeze. but that's not all. He also said that the company plans to replace nearly 8,000 jobs with artificial intelligence. Krishna noted that back-office functions, specifically in human resources, will be the first to face these changes.
But of course, it won't happen overnight. AI is a powerful tool, but it can't do everything.
The transition will happen gradually over the next few years, and AI may take over up to 30% of positions within five years. That…
The IBM one purely from looking at the chart is almost at a 52 week low. Is the company worth a closer analysis?