
Over 80% of companies report no productivity gains from AI so far despite billions in investment, survey suggests
AWS employees report that the company’s AI tools are treated as part and parcel of the person using them; therefore, they receive the same permissions. But because the engineers involved in the two incidents did not require secondary approval, their AI agents just went ahead with their changes that broke the systems. It’s because of this that the company treated the errors as a user access control issue and does not consider it a problem with its AI tool. Nevertheless, the company assured that it has taken steps to avoid this issue in the future and mitigate the risks of an AI agent going rogue and taking down systems with its actions.
Amazon isn’t the only big tech company deploying AI tools in its workflows. Microsoft CEO Satya Nadella said that nearly 30% of its code is written by artificial intelligence , while over 30,000 Nvidia engineers use a specialized version of Cursor AI . Nvidia CEO Jensen Huang himself allegedly asked managers not using AI “Are you insane?”
All this use of AI tools meant that new entry-level coding jobs are drying up , with studies revealing a 13% drop in openings over the past three years. This has raised fears that artificial intelligence will decimate white-collar jobs, with industry leaders , CEOs , and educational institutions warning of the impending catastrophe if society does not prepare for it.
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Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
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Reference reading
- https://www.tomshardware.com/premium
- https://www.tomshardware.com/tech-industry/artificial-intelligence/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/artificial-intelligence/multiple-aws-outages-caused-by-ai-coding-bot-blunder-report-claims-amazon-says-both-incidents-were-user-error#main
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