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AI isn't driving tech layoffs — but it does make a good scapegoat
Despite early bluster about replacing workers with robots, there's been little clear evidence this is taking place.
Swedish fintech Klarna froze hiring a month earlier, with its CEO saying AI would pick up the slack from lost staffers when natural attrition occurred. While freelancers and individual workers have expressed suspicions that language-based AI like ChatGPT has stolen work from them, companies undergoing rounds of layoffs have generally refrained from blaming the tech. Dan Ives, a tech analyst at Wedbush Securities, told CNBC that throughout the year, primarily as companies pivot their focus to spending on the AI sector.
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