AI technology is rapidly replacing human jobs in customer support and sales, with significant cost savings. A software company realized a 95% reduction in costs by utilizing AI for customer inquiries instead of human agents.
Amazon CEO Andy Jassy has indicated that the workforce will shrink as AI becomes a more cost-effective option for various roles. He expects fewer employees will be needed for certain tasks as the company accelerates the integration of AI tools, prompting existing staff to adapt their skills.
Additionally, Monolithic Power Systems (MPWR) is becoming critical in the AI sector, providing specialized power management solutions essential for AI infrastructure. The company has seen a 672% revenue increase over the past decade and has outpaced typical dividend growth in the semiconductor industry.
