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 buzzfeed and microsoft


Buzzfeed and Microsoft lead the charge as AI replaces jobs

#artificialintelligence

We may be witnessing an inflection point with artificial intelligence (AI), notably OpenAI's GPT large language model replacing jobs through automation. Last week the news and entertainment company BuzzFeed Inc (NASDAQ: BZFD) said it would use the GPT-3 engine to create quizzes and other content targeted towards teenagers and young adults, which sent its stock price soaring over 300%. The company is struggling to remain relevant, and laid off 12% of its staff in the wake of a US$27 million loss in the third quarter. But BuzzFeed was not the first major company to come up with the idea of replacing its staff through automation. Microsoft (NASDAQ: MSFT) fired over 50 of its editors and journalists that curated content for its Microsoft News and MSN news portals.