Mitch Kosowski’s Post

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Senior Director of Engineering

Generative AI is definitely in a hype cycle but has that hype translated into real-world consequences? According to a recent Harvard Business School report the answer is a resounding yes. The HBS report indicates that the demand for freelancers in writing and coding has plummeted by 21% since ChatGPT's launch in November 2022. To put this into perspective, a drop of over 20% in a stock index is considered a full-blown stock market crash. This is no minor correction for the digital freelancer market. ChatGPT and other AI technologies are already having transformative effects across industries and the technology will only continue to improve. My bet is that current AI is at least as transformative as the rise of email (which had massive impacts on the corporate landscape) with the potential for even greater effects. What are your thoughts on the impact of AI? How is it affecting your industry?

David Teller

Software Tech Lead, Open Source Mentor, Mozilla Alumnus, Rust Contributor, Science & Data-oriented

3w

It's a real-world consequence, but at this stage, it's a strictly negative one. Hiring is frozen because people in position to hire wait until they see whether ChatGPT can actually do what it has been hyped to do. That's entirely orthogonal to whether GenAI actually delivers. It may even prove to be a lull/negative bubble, we'll see.

Sam Edelstein

Vice President, Data and Analytics at Insight Partners

3w

https://www.nytimes.com/2024/06/17/business/economy/artificial-intelligence-small-business.html Also interesting but not surprising, there are ton of organizations not yet using generative ai. If and when they do, assume further impacts and opportunities

Aldi Andalan

Software Engineering | Data Analytics | Machine Learning

3w

I wonder if it is a smooth downtrend of demand for them till 2024, does it have any seasonality variation ? or is the report designed to be supportive for the ones who favor work from office instead of freelancer and work from home/anywhere ?

Zachary Parris, AIC, AINS

Insurance Leader | Strategic Visionary in Claims and Risk Management | Innovating with InsurTech

3w

The impact of generative AI on the freelancer market is astounding. It’s incredible to see such a transformative shift!

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