AI and ChatGPT: Are really safe (job) amid Start-Ups rout across the world?

Microsoft, Microsoft's GitHub and OpenAI told a San Francisco federal court that a proposed class-action lawsuit for improperly monetizing open-source code to train their artificial-intelligence systems cannot be sustained.

Everyone is really hurried and hungry about AI and ChatGPT etc, but forget in the last 3 weeks, 50k jobs have already been slashed by Big Tech across the world.

Nate, the shopping app that drew attention last year for overstating its use of AI (artificial intelligence) technology to power its transactions, has stopped processing payments on its app and has cut most of its workforce, according to three people directly familiar with the matter. Nate actually relied on workers overseas to manually enter the data for many of the transactions. Nate did not disclose use of these workers to some of its potential investors when pitching the app.

The moves suggest Nate is poised to become the latest casualty among e-commerce startups. The New York-based startup, which was backed by Coatue Management and Forerunner Ventures, offered people the ability to make shopping lists on its app. Nate charged shoppers a fee for filling out payment information on retailers’ web sites to make purchases of products easier, a process it said was done with AI. One of many upcoming quiet wind downs as startups start to run out of cash. One of few upcoming quiet wind downs as AI - related business, amid rocketing popularity of AI & ChatGPT. 

15-17% among them (*50k jobs slashed) are Immigrants in the U.S. (H-1b Visa), really don't have money to extend his or her visa.