Gransnet forums

Chat

AI is here - Barclays is cutting 5,000 jobs

(8 Posts)
TerriBull Thu 22-Oct-26 16:12:54

I also think it's very worrying, especially for the younger generation. There's always a downside with something that has the potential to be wonderful like the internet. Sadly it's also been used also for very wicked purposes.

Will the benefits of Al outweigh the obvious downsides, the shrinking job market, the huge data centres that will consume enormous amounts of resources? how will that impact society's simultaneous needs for our short supply of water for example? As other have said it's all developing at a rate of knots. Particularly perplexing is the alarmist announcements from the very people who are at the forefront of driving it along, They should be the ones who should have had the safeguards in place, so I wonder why they bother telling the population their fears when they've acted like The Sorcerer's Apprentice in the first place in letting the Genie well and truly out of the bottle hmm

Going back to Barclays, I imagine the mass move to banking on line has meant that branches need fewer staff and then they disappear from towns altogether. We're lucky, we have a Lloyds, Nat West and Barclays who I bank with. Whilst I only visit my branch occasionally, I had to the other day, it's very nice to have an actual human being to consult. Not being able to when everything becomes automated will leave a huge void.

Grannybags Thu 22-Oct-26 15:37:54

Yes it is scary

My son is a graphic artist too. I was worried about him before but even more now FGT!

Maremia Thu 22-Oct-26 15:31:50

As you say Fried, it is scary.

FriedGreenTomatoes2 Thu 22-Oct-26 14:57:01

This is what I find frightening. The speed by which AI will generate code.

Apparently the new IT frontier will be the verification of what is generated through related test runs, feeding the results back into to AI to polish the code.

GrannyGravy13 Thu 22-Oct-26 14:41:33

The more I think about it I can see the animation film WALL-E
becoming our new reality.
Just substitute our planet for the space station…

Cossy Thu 22-Oct-26 13:49:21

I think it’s all very sad and AI has been “allowed” to develop and move on far too quickly.

On a personal note I wish your SiL well in regaining employment.

I’m not against AI per se, but feel it could result in too many job losses too quickly and actually result in “lazy” processes.

I also think the UK were a bit slow in ensuring they had a handle on those with the experience and ability to develop AI and I partially hold the government to account and responsible for this situation.

GrannyGravy13 Thu 22-Oct-26 13:47:02

I think it is very worrying for our young people, lots of desk based jobs are disappearing along with manufacturing to AI and robotics.

Let’s hope they turn to hands on careers like plumbers, electricians, hairdressing, beauty, construction, nursing, care work etc.

FriedGreenTomatoes2 Thu 22-Oct-26 13:42:22

I was just listening to a chap on the radio who was asked by his employer to explore how AI could benefit the business.

In doing so, he realised AI could easily replace him and his entire department.

Imagine being asked to help develop the technology that could cost you and your colleagues your livelihoods. Nine months later in a department of five two had been made redundant and six others from other departments from a workforce of twenty odd.

It's scary.

One of my sons in law is a graphic designer (who has won awards) and he was let go by his company along with 4 others last year. As he said why pay a graphic designer for ‘art work’ when AI is cheaper to produce ‘good enough’ advertising of a product and doesn’t need a pension etc.

It’s all developing at a rate of knots I think and the users are frantically playing catch up plus it’s all going to grow exponentially.

What are your thoughts on it all?