German tabloid Bild plans to replace some of its editorial staff with artificial intelligence and “automated processes”. This is the latest example of introducing AI at the expense of human workers.
The Guardian reported on June 21 that Bild’s parent publisher Axel Springer SE said the move was part of a shift from print journalism to digital journalism, with a $109 million (€100 million) said it was combined with its revenue expansion plan.
Reportedly, about 200 jobs will be cut from July, and the company said to employees, “It’s disappointing for my colleagues whose jobs will be replaced by AI and automated processes in the digital world. We are parting ways,” he said in an email.
The company added that “roles such as editors, print production journalists, proofreaders, photo editors and assistants will no longer exist as they do today.”
The daily tabloid was launched in June 1952. In the 1980s, Bild reportedly sold more than 5 million copies per day. According to Mondo Times, Bild’s circulation dropped to 3.55 million copies in 2010. According to Media Impact, as of 2022, the paper newspaper’s circulation will be just over one million.
Cointelegraph reached out to Bild for comment but did not immediately receive a response.
Related: AI is Coming to Your Job: Which Industries Will Be Affected?
The rapid development of AI has already raised many concerns about future job losses.
IBM CEO Arvind Krishna told Bloomberg in May that the company’s 7,800 jobs, about 30% of the workforce, could be replaced by AI and automation over the next five years. I said yes.
Management consulting firm McKinsey & Company said in a June 14 report that up to 50% of all work activities take place in today’s workplace, including tasks related to decision-making, management and employee interaction. We predicted that AI that generates % could be fully automated. Those involved.
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