Its already replacing human experts. Watch the bond market self off currently happening in US. Driven by hordes of AI agents doing thousands of things faster than experts can blink. The experts at the Treasury tried to react at traditional human speed. Within a day the agentic horde detected the moves and counter reacted. Its like watching chimps throwing stones at a hurricane. The chimp troupe is quite unconcious about the randomness and surprises ahead.
Because he doesn't know, like so many people on HN, that you can just build smaller models and let them be steered by a bigger model. Everyone thinks you need a trillion parameter model or the model is worthless.
It's the same problem with semiconductor manufacturing, where only the bleeding edge counts when in reality you need a whole spectrum of fabs.
Replacing people willy-nilly with AI is a stupid fad that won't work the way they think it will in most instances. AI doesn't impart judgment, constraints, reasoning, or correctness so far the way a human can and likely never will because AGI is a fantasy. Owners and managers will only learn this lesson after they suffer failure from their own stupidity and recklessness.
Another angle is excuses for mass layoffs are continuation of the Powell memo neoliberalism agenda of suppressing wages by keep workers desperate and partly a consequence of rising interest rates since there's no more free money.
Workers need to stop depending on megacorps for stability and form worker-owned co-ops that compete with and supplant unstable, mercurial megacorps.
