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Who needs lower value human capital? 18:31 - May 22 with 751 viewsDJR

https://www.theguardian.com/bu

7,000 job losses and its described thus.

"It's not cost-cutting. It’s replacing in some cases lower-value human capital with the financial capital and the investment capital we’re putting in.”

In my view, humanity is sleep-walking into disaster when it comes to AI on all sorts of level and yet there is no proper debate taking place.
[Post edited 22 May 19:47]
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Who needs lower value human capital? on 18:39 - May 22 with 705 viewsBlueSmoke

I used to work for a large software company. They love AI now too.

I feel for anyone still working in dev, design, BA etc. Their time is running out!
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Who needs lower value human capital? on 18:40 - May 22 with 698 viewsMattinLondon

I see he attended the same apology training course as Mark Ashton.

Edit - a few weeks ago the Head of a local grammar school visited the primary school where my children attend. She was there to encourage state educated children to apply for the 11+.

She was very impressive and went on about her schools educational achievements- but I did ponder what’s the point in creating a much greater workload for young children when a lot of the higher paid jobs will probably be done by AI.

Possibly I’m being over-dramatic as I don’t particularly understand the technology but to my layman’s mind that is where we are going.
[Post edited 22 May 19:11]
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Who needs lower value human capital? on 22:24 - May 22 with 498 viewsJ2BLUE

People need to invest in it if they can. It's not about greed or getting rich. It's about protecting ourselves and hopefully owning enough crumbs that we make some sort of income to get by in the time it takes for them to bring in some form of UBI.

I use AI daily now. People who think it's rubbish need to take another look.
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Who needs lower value human capital? on 22:30 - May 22 with 479 viewsSwansea_Blue

We’ve known for ages that’s how our economic model doesn’t value people, but it’s good to have it said out loud. Hopefully one day before my kids get old we’ll stop paying homage to the law of profit and CEO tw*ts like this and start appreciating people again.

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Who needs lower value human capital? on 22:34 - May 22 with 472 viewsBanksterDebtSlave

Who needs lower value human capital? on 22:24 - May 22 by J2BLUE

People need to invest in it if they can. It's not about greed or getting rich. It's about protecting ourselves and hopefully owning enough crumbs that we make some sort of income to get by in the time it takes for them to bring in some form of UBI.

I use AI daily now. People who think it's rubbish need to take another look.


Well that's depressing!
Have you ever considered gardening for a living?

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Who needs lower value human capital? on 22:37 - May 22 with 463 viewsBanksterDebtSlave

Who needs lower value human capital? on 18:40 - May 22 by MattinLondon

I see he attended the same apology training course as Mark Ashton.

Edit - a few weeks ago the Head of a local grammar school visited the primary school where my children attend. She was there to encourage state educated children to apply for the 11+.

She was very impressive and went on about her schools educational achievements- but I did ponder what’s the point in creating a much greater workload for young children when a lot of the higher paid jobs will probably be done by AI.

Possibly I’m being over-dramatic as I don’t particularly understand the technology but to my layman’s mind that is where we are going.
[Post edited 22 May 19:11]


When you think about it, it's probably a waste of time and money educating them.

"They break our legs and tell us to be grateful when they offer us crutches."
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Who needs lower value human capital? on 06:58 - May 23 with 355 viewsNthQldITFC

Who needs lower value human capital? on 22:34 - May 22 by BanksterDebtSlave

Well that's depressing!
Have you ever considered gardening for a living?


Banditry is my family's favoured vocation for the coming dystopia.


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Who needs lower value human capital? on 07:00 - May 23 with 351 viewsNthQldITFC

Who needs lower value human capital? on 18:39 - May 22 by BlueSmoke

I used to work for a large software company. They love AI now too.

I feel for anyone still working in dev, design, BA etc. Their time is running out!


I was thinking about getting back into the web dev game a couple of years ago. I soon gave up on that idea.

Good work by Philogene...... GREAT WORK BY PHILOGENE!!!
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Who needs lower value human capital? on 07:57 - May 23 with 287 viewsGlasgowBlue

Who needs lower value human capital? on 22:24 - May 22 by J2BLUE

People need to invest in it if they can. It's not about greed or getting rich. It's about protecting ourselves and hopefully owning enough crumbs that we make some sort of income to get by in the time it takes for them to bring in some form of UBI.

I use AI daily now. People who think it's rubbish need to take another look.


I don’t claim to understand anything about AI but one of my daughter is working for a digital marketing company whilst also taking her Masters at Uni.

She was telling us last night that she has created her own ‘bot’ which monitors her computer, reads her emails etc and prioritises her workload for the next day, sets up meetings for her etc. so her bot is her PA.

I find it all incredible for the younger generation.

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Who needs lower value human capital? on 08:35 - May 23 with 223 viewsMullet

The level of inequality these days thanks to oligarchs in the West is appalling, it's no wonder people like this don't value humans.

I'm not sure if disaster is inevitable, but it's clear we are in the Wild West stage of it. There could be a lot of damage to undo if we aren't careful.

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Who needs lower value human capital? on 08:43 - May 23 with 202 viewsBlueSmoke

Who needs lower value human capital? on 22:24 - May 22 by J2BLUE

People need to invest in it if they can. It's not about greed or getting rich. It's about protecting ourselves and hopefully owning enough crumbs that we make some sort of income to get by in the time it takes for them to bring in some form of UBI.

I use AI daily now. People who think it's rubbish need to take another look.


Yeah invest in the demise, agree there.

But UBI would be the end of us all. Can't see it happening.
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Who needs lower value human capital? on 08:52 - May 23 with 102 viewsTIB

We’re slowly eradicating human purpose, all for financial gain of a few.

No doubt it has strengths in areas, but it needs better governance, maybe that will come in time as it’s still fairly new tech.

This clip always highlights it for me. The pause at the start to answer the question is mad, especially considering he’s at forefront of this tech.
[Post edited 23 May 8:57]

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Who needs lower value human capital? on 08:58 - May 23 with 56 viewsbluestandard

I agree with your conclusion that the management of the shift to AI is non-existent and that is a problem.

But this clumsily worded statement is not evidence of that at all. If we're being honest, what he was trying to say is that there are some jobs which it doesn't make sense to preserve if they can be done to the same or better level by machines at a fraction of the cost. Labelling these jobs as 'lower value human capital' was stupid, but it doesn't change anything.
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Who needs lower value human capital? on 09:02 - May 23 with 36 viewsMullet

Who needs lower value human capital? on 08:58 - May 23 by bluestandard

I agree with your conclusion that the management of the shift to AI is non-existent and that is a problem.

But this clumsily worded statement is not evidence of that at all. If we're being honest, what he was trying to say is that there are some jobs which it doesn't make sense to preserve if they can be done to the same or better level by machines at a fraction of the cost. Labelling these jobs as 'lower value human capital' was stupid, but it doesn't change anything.


There is also an argument that "low skilled" repetitive, manual jobs being automated is good for society because it means people start higher up the foodchain.

I was sent a video of a completely robotic warehouse by someone who visited for their work. It's fascinating and scary watching something the size of an aircraft hangar full of activity and not a human on the floor.

Whether that improves health and outcomes becuase people don;t have to do that sort of work is still a theory at best I guess.

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Who needs lower value human capital? on 09:05 - May 23 with 2 viewsDJR

Who needs lower value human capital? on 22:34 - May 22 by BanksterDebtSlave

Well that's depressing!
Have you ever considered gardening for a living?


Have you not seen the gardening robots the Chinese are developing?
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