AI to now manage Rs 6,000 crore fund, all analysts fired. Is the future of high-skilled human jobs at risk?

[TheVigilante]

AI is no longer just assisting human workers—it is now replacing them. What was once a theoretical discussion about automation’s future impact has rapidly become a real-world shift. From content creation to customer service, AI is taking over tasks traditionally reserved for people. But the latest development from a Silicon Valley venture capital firm goes a step further, raising profound questions about the role of humans in high-skill, knowledge-based industries.


So finally AI isn't a bubble waiting to be burst ?

More on the article here: https://economictimes.indiatimes.co...bs-at-risk/articleshow/124522369.cms?from=mdr

 

[roydan]

Initially thought it's a $70 fund lol

Had to Google what Crore means..

This translates to about $720M, so not a small fund.

 

[ggmopa]

Absolutely the contrary to what I've been reading:

- https://finance.yahoo.com/news/abso...en-boom-as-investors-go-all-in-200449201.html
- https://finance.yahoo.com/news/most-investors-ai-stocks-bubble-084638347.html

 

[Rem]

Yup
the culling of analyst has already began

 

[ggmopa]

Yup
the culling of analyst has already began

The dead eye smiley at the end make me feel this is quite personal somehow!

 

[Rem]

The dead eye smiley at the end make me feel this is quite personal somehow!

Would you believe me if I said it was

 

[ggmopa]

Would you believe me if I said it was

Sorry to hear that man. Hopefully nothing too serious.

 

[Rem]

Sorry to hear that man. Hopefully nothing too serious.

who said anything about me
maybe im doing the firing !

 

[ggmopa]

who said anything about me
maybe im doing the firing !

At least there's a bit of a bright side then (for some )