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Science/Tech News

The Economic Times

Science/Tech / The Economic Times

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AI's left hand begins to take away jobs before its right hand can

In response to soaring chip prices, Samsung India is downsizing its electronics division. The burgeoning demand for specialized chips fueled by AI advancements is driving up costs for standard memory. As organizations focus their finances on AI infrastructure, resources for payroll are strained, potentially resulting in job reductions despite the lack of direct automation.

8 Sep 2026 3:07 pm