CEOs admit AI had no impact on employment or productivity

Then why the layoffs???

This article is underlining the stark contrast between the viewpoints of “AI Enthusiasts” and everyone else.

Don’t get me wrong, I use these tools daily. That being said I’m having a very hard time finding where the productivity gains are.

I imagine I’m far from alone in that search and when you pair that with the constant marketing and glowing “analysis” from some of the enthusiasts about how this technology is “solving coding” or “changing the face of security” or even leading to AGI it starts to tickle that part of my brain where I keep blockchain, NFTs and copper bracelets.

So TLDR the tech is good but the hype-slaves and their masters are killing it with overpromising and under delivering.

they’re holding it wrong.

Did the hype cycle not have an impact on employment with the various layoffs? Or is this and admission that the layoffs were for other reasons and were just attributed to AI?

I’m not surprised about productivity though. Efficiency gains are limited by the actual bottlenecks. And truthfully, I think people are deluding themselves a bit about how effective vibe coding is and how much faster they are actually moving when you consider developers still need to form an understanding of the codebase and its systems.

Outside of coding, is there really a use case for LLMs that has the potential to make big efficiency gains? Idk.