In the wake of last week's brutal tech-stock selloff, Don saw a news story entitled "Anthropic’s AI Tools Decimated Tech Stocks and the Carnage Is Just Beginning." The article began: "If you’re not a coder, you have nothing to fear from Anthropic’s latest releases … unless you are invested in tech stocks, in which case it may be time to panic. In a seismic shift that’s rattling Wall Street and Silicon Valley alike, the AI powerhouse unleashed a pair of revolutionary tools – Claude Code and Cowork – that promise to redefine how software is built and managed. These innovations, which allow AI to generate code on demand and function as virtual coworkers, have triggered a brutal selloff in the software sector, erasing 25% of its value in just one week and contributing to a staggering $400 billion loss in investor wealth. This isn’t just another tech hype cycle; it’s a clear signal that AI is no longer a mere assistant but a direct threat to established industries, forcing a painful reckoning on profits, jobs, and the future of human ingenuity." [Emphasis added.]
It gets worse: "Anthropic’s Claude Code stands out as a game-changer, enabling users to create custom software with minimal input, effectively automating what was once the domain of skilled programmers. Paired with Cowork, a suite of plugins that lets AI agents handle collaborative tasks like a full-time employee, these tools represent a leap toward AI autonomy."
So now AI is poised to gut the jobs of the very industry that created it.
When Don read this out loud, my comment was, "What have we unleashed?'
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I come from a family of nerds. I have engineers scattered among all my relatives. We have friends deeply involved in software creation. Are their positions in jeopardy?
Pandora's Box indeed.
They have unleashed a pandora's box for sure, I am one of those whom does NOT like AI, I know there can be a valid use for it in some manner, but in my opinion they have NOT kept a adequate leash on it and this will become a very valid threat to life as we know it. If you want to go to the conspiracy thinking this could be just one more step in the de-pop agenda? HMMM ?
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