People are losing their jobs. And it will only accelerate. By the end of the year at the latest, the huge impact will be felt.
I use AI quite often and I’ve been building with it. I can tell you from exp, that any company replacing all their engineers because of AI will not be around in a year. The amount of errors that AI makes & then “fixes” is still way too many for a company to fully rely on it.
I've noticed a significant lack of trust in AI from financial companies due to concerns about data gathered by models and potential leaks.
Skeptical of this specific claim without further corroboration. Anyone working with Big Banks would recognise the compliance issues and just pure organisation friction of making this type of change where a team of code generating humans was entirely replaced by ai.