The boss of Facebook, Mark Zuckerberg, has helped the company make a lot of money. Pictures of him show this.
But many big technology businesses are making their teams smaller. Scott Galloway, a professor who is good at marketing, thinks this is because of (AI) Artifical Intelligence or robots. These robots can do tasks for people, which means fewer people are needed to do those jobs. It is cheaper to use robots than people.
Galloway thinks that many bosses do not want to admit they are using robots instead of people. This has happened a lot in tech companies like Facebook, Apple and Google. These companies have been making a lot of money while also laying off their workers.
It’s important to know this doesn’t mean all jobs will go away. AI will make some jobs easier to do. We can use AI and people together to make things better. So, not all people will lose their jobs, some will just have different work to do. However, this still means that many people will be affected by AI.
In the next year, Galloway believes bosses will be honest about using AI to replace people. When this happens, everyone will see that AI is really useful for making companies need fewer people.
Vocabulary List:
- Artificial Intelligence (AI) (noun): The simulation of human intelligence processes by machinesespecially computer systems.
- Automate (verb): To make a process in a factory or office operate by machines or computersin order to reduce the amount of work done by humans.
- Lay off (phrasal verb): To end someone employmentespecially temporarilybecause there is not enough work for them.
- Displace (verb): To take over the placepositionor role of someone or something.
- Admit (verb): To agree that something is trueespecially unwillingly.
- Automation (noun): The use of machines and computers that can operate automaticallyespecially in manufacturing processes.
