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Developer and programmer platform Stack Overflow is chopping the corporate’s headcount by roughly 28% amid an increase within the recognition of synthetic intelligence (AI) chatbots.
On Oct. 16, Stack Overflow CEO, Prashanth Chandrasekar, made the announcement citing the challenges of macroeconomic pressures impacting all the tech business.
The agency is on a “path to profitability” and “continued product innovation,” mentioned Chandrasekar who added, “This yr we took many steps to spend much less.”
Stack Overflow is a 15-year-old tech-focused question-and-answer discussion board for hundreds of thousands of builders, coders, and fanatics. It doubled its headcount in 2022 to 540, based on stories, so this week’s layoffs account for round 150 workers.
In August, Stack Overflow famous that its internet site visitors has seen a small decline in comparison with 2022, falling a mean of 5% in contrast, as acknowledged by the corporate in an August weblog put up.
“Conversely, in April of this yr, we noticed an above-average site visitors lower (~14%), which we will doubtless attribute to builders making an attempt GPT-4 after it was launched in March,” it added.
The agency additionally mentioned it anticipated generative AI to trigger “some rises and falls in conventional site visitors and engagement over the approaching months.”
In the meantime, know-how shops resembling Ars Technica have attributed the rise of AI chatbots to declines within the site visitors and utilization of conventional social knowledge-sharing platforms resembling boards.
“Chatbots can provide extra particular assist than a 5-year-old discussion board put up ever might,” it said on October 17. ChatGPT and the like may also appropriate code, present optimization solutions, and clarify what every line of code is doing.
New York College Leonard N. Stern Faculty of Enterprise Professor Panos Ipeirotis additionally made an analogous suggestion in an X put up on Oct. 17.
Nonetheless, Stack Overflow is working by itself reply to OpenAI’s ChatGPT within the type of “Overflow AI,” introduced in July.
The purpose is to introduce new options to leverage Stack Overflow’s group data to energy AI that gives builders with personalised, reliable options. Chandrasekar concuded.
“As we refine our focus, priorities, and technique it is to raised meet the calls for of our customers, prospects, and companions as a part of this dedication to product innovation and the continued momentum of OverflowAI.”
Cointelegraph contacted Stack Overflow for remark however was referred again to the Oct. 16 announcement.
Associated: How AI is altering crypto: Hype vs. actuality
In associated information, the Coinhouse crypto alternate has additionally axed 15% of its workforce based on stories.
The 2015-founded French alternate has laid off 10 of its 70 workers citing “decreased enthusiasm for Web3 and a fragile international financial surroundings.”
Earlier this month French {hardware} pockets supplier introduced a 12% workers discount.
Journal: ‘AI has killed the business’: EasyTranslate boss on adapting to vary
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