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A relative sacked a team at his finance firm for using AI.

Short version : 1. Document ( transcripts of phone conversations, Bloomberg chats, WhatsApp messages etc ) need to be collected and collated accurately on a periodic basis for an industry regulator.

2. The very highly paid team used AI to inaccurately perform the task.

3. The resulting errors could have resulted in jail time for the decision makers.

4. The team was removed.

They were sacked for using AI wrong, not for using AI. Tool use was a human skill long before AI.
They were sacked for vibe-working, which is how AI is supposed to be used if you listen to some business hype. Of course it is not how it's supposed to be used according to people who actually know the current situation.
The hype is both:

* AI has made skilled workers obsolete, and

* AI must be handled only with the utmost care by skilled workers or else it will doom humanity.

It reminds me of this Far Side comic.

https://i.postimg.cc/js2QNtkp/foolproof.jpg

That's exactly right. By allowing skilled workers to produce 10x or more, it has eliminated the lower end of the job market.

The real problem isn't going to be the job losses themselves, it's where we'll get the next generation of skilled workers. There will always be a vacuum at the top, regardless of how good AI gets.

not this kind of non-deterministic tool though.
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