“Over the last three years, corporate leaders across finance, logistics and retail justified aggressive hiring freezes, office expansions and massive capital borrowing by promising shareholders that automation would soon drastically lower labor costs. The gravity of this shift is underscored by a senior figure at Microsoft, who says the entire generative AI model relies on ‘the largest theft of labor in human history.’”

https://thehill.com/opinion/finance/6126452-ai-infrastructure-economic-risk/