A wave of tech layoffs began last year and still continues with the latest news from Microsoft letting go of 10000 employees. Yes, 10000 people now have to look for other “opportunities,” which will be a surmounting task amid shrinking tech career opportunities. Analysts tout a major reason behind this to be overhiring during Covid-19 – a time when tech companies witnessed a massive boom. But now, people have returned to their jobs, and the need to always be online is significantly reduced.
Microsoft will also try to hide behind this reason and blame the economic slowdown, but it is still putting $14 billion into OpenAI’s most-talked product, “ChatGPT.” Other extravagant purchases include the Activision Blizzard acquisition, but the company didn’t have funds to retain the employees. Microsoft is looking to integrate OpenAI’s products into their personal and enterprise products to make them better.
What did Satya Nadela say about the new investment in OpenAI?
“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” said Satya Nadella in a press release. It means harnessing AI power into developing new products and improving the existing ones. Surprisingly, ChatGPT also launched a pro version which allows maximum availability of the tool whenever you need it.
The Pro version will set you back $60 dollars, which is a bit high for the niche use cases that it offers. We also cannot ignore the blatant plagiarism it indulges in while producing results for natural language input. Sam Altman, the current CEO of OpenAI, accepted the demand to build a tool to track plagiarism done by ChatGPT but added that it would be rather “ineffective.”
Microsoft will lend all the support OpenAI needs to improve its development, but that surely comes at a cost. Layoffs are a serious concern, and many have even begun to question their skill sets and anticipate that it would soon become obsolete to work in the tech space.