Mark Cuban Has Strong Words on AI Companies and Job Losses The tech industry's relentless march towards automation has reached a fever pitch, with major players like Oracle and Snap cutting thousands of jobs amidst rapid advancements in artificial intelligence.
The numbers are staggering: Oracle cited AI adoption as a driver of 21,000 job cuts in fiscal 2026, while Snap's CEO boasted that a smaller team could accomplish the same work thanks to AI.
College graduation ceremonies this spring saw speakers who brought up AI get booed – a telling indicator of the public's growing unease with the consequences of technological progress.