07/30/2024

Small Businesses May Need to Pump the Breaks on AI

Separating the hype from reality is necessary

You can't turn on the TV or stumble across an article about the benefits of Artificial Intelligence. Large tech companies tout it as the next big thing. Most people see the advent of commercial AI services, like ChatGPT or Gemini, as a threat.

This year has seen a significant jump in layoffs from last year, with anywhere from 60,000 to 200,000 job cuts across the workforce. Tesla, for instance, laid off more than 10 percent of its workforce but has begun processes to hire 800 employees with an emphasis on AI and robotics.

While AI's potential is vast, its practical applications and benefits for small businesses remain a contentious topic.

Please select this link to read the complete article from Forbes.