AI replacing jobs

[hirashgeff]

One of Europe’s most valuable companies is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence.​

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SAP (SAP), the enterprise software giant, announced Tuesday that it would spend €2 billion ($2.2 billion) this year on the transformation, including buyouts and retraining programs.​

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The decision was necessary “to prepare the company for highly scalable future revenue growth,” the German firm said in a statement.​

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As a result, a significant part of its workforce, more than 7% of its 108,000 workers, will be impacted.​

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“The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programs and internal re-skilling measures,” SAP said.​

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Once reinvestments are made, “SAP expects to exit 2024 at a headcount similar to current levels,” it added.​

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“SAP is opening the next chapter: with the planned transformation program, we are intensifying the shift of investments to strategic growth areas, above all Business AI,” CEO Christian Klein said in a separate statement. “We are confident about the company’s prospects in 2024.”​

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AP is the latest company to prioritize AI as generative AI, the technology that underpins popular platforms such as ChatGPT, has taken the world by storm.​

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Last summer, it announced investments in three generative AI companies, adding to a pledge to invest more than $1 billion to fund AI-powered enterprise tech startups.​

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Last July, Wipro, one of India’s top providers of software services, said it would spend $1 billion on improving its AI capabilities over the next three years, including training its entire staff of 250,000 in how to use the technology.​

------ Post added on Jul 25, 2024 at 4:49 PM

 

[mr.h0ydr0]

balapanko eka point ekakadi oya job less minissunge count eka wadi weno
gov walata job denna bari wenawa
what next...........

 

[a2mdb]

balapanko eka point ekakadi oya job less minissunge count eka wadi weno
gov walata job denna bari wenawa
what next...........

Chaos

 

[mr.h0ydr0]

Chaos

then gov's will impose rules to AI
then we are free

 

[kj1]

balapanko eka point ekakadi oya job less minissunge count eka wadi weno
gov walata job denna bari wenawa
what next...........

I mean technology is supposed give us more free time.UBI is the way to go.so everyone gets a income.

 

[mr.h0ydr0]

I mean technology is supposed give us more free time.UBI is the way to go.so everyone gets a income.

habayi macho AI ekat ekka oka "everyone gets a income." nam wenne na