AI is Currently More Costly than Human Workers, Nvidia Executive Admits
A wave of job cuts across the tech sector might seem like evidence that AI is already replacing large numbers of workers. Yet a closer look suggests the economics behind AI adoption remain far more complicated. Earlier this year, Meta revealed plans to reduce its workforce by 10%, affecting around 8,000 employees, while also abandoning recruitment efforts for about 6,000 vacant roles. The company said the move was intended to improve efficiency and help fund other strategic investments. Microsoft has taken a similar approach, offering a voluntary separation package to thousands of staff members in what is reportedly the largest program of its kind in the company’s…