While the rollout of Chat GPT in late 2022 led to the beginning of the hype phase and the stock market 2023 gains in everything tech and AI related, we are likely to see a different aspect of AI’s contribution in 2024. While numerous companies have incorporated and utilized AI, the biggest contribution in 2024 is likely to be that of a cover story. Despite the continuous BS lies of the Biden administration regarding job creation and unemployment, layoffs across the economy and in high tech in particular, are ramping up. The cover story for the bulk of these layoffs is going to be because of AI. While it is true that some jobs are no longer needed and productivity will get a boost, the huge numbers of coming job eliminations would have occurred with or without AI. The timing of the AI rollout has been well crafted to provide an excuse for the Biden administration to hide the fact that they have been lying for over three years about job creation and the economy. They will repeatedly trot out the mantra that the layoffs are all about the productivity increases from AI. Don’t believe it. They are the inevitable result of bad policies both by them and the FED. The economy is rolling over and AI has only a small role in the number of jobs about to be eliminated.