AI could change the world. But first it is changing Silicon Valley.
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The AI boom is disrupting the tech industry, with many companies laying off workers and shifting their business models. Over 70 tech companies have eliminated at least 40,000 jobs this year, with some using AI to build apps and software that previously required dozens of skilled programmers.
The tech industry is being disrupted by AI. Many companies are laying off workers and changing their business models. Some companies are using AI to build apps and software. This shift is happening in Silicon Valley, where many tech companies are based. The number of tech jobs in San Francisco has declined by about 30,000 since 2022. Nationwide, tech jobs have declined by about 150,000. Companies like Block and Atlassian have laid off workers to finance their AI efforts. The leaders of big tech companies say AI will reshape their workforces.
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