A man that wears a leopard print cowboy hat has a bold prediction: that AI will, in the next few years, replace up to 80 percent of jobs.
Companies are integrating AI into their operations so quickly that job losses are likely to mount before the gains arrive. White-collar workers might be especially vulnerable in the short-term. The speed of this adoption presents an opportunity for companies to step up their pace of innovation, however — and if enough companies to go on offensive, then we won’t have to worry about AI unemployment. Adopting a bias for boldness and a startup mentality will help companies find the agility to make the most of this moment, and protect jobs as a result.
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Investing in innovation — not cutting costs — will position companies to thrive in the long run.
We spoke to Liu Yang, who has one of the strangest jobs around: to sit in the passenger seat and monitor how self-driving cars cope with Beijing’s streets.
Airbnb CEO Brian Chesky isn’t afraid of artificial intelligence displacing jobs. In fact, he thinks it’ll create more of them — particularly in the world of entrepreneurship.
Since ChatGPT started gaining popularity last winter, tech icons from Apple co-founder Steve Wozniak to billionaire entrepreneur Mark Cuban have admitted they’re worried that AI will replace human workers in just about every industry.
Generative AI in supply chains will be able to forecast demand, predict when trucks need maintenance and work out optimal shipping routes, according to analysts.“AI may be able to totally (or nearly) remove all human touchpoints in the supply chain including ‘back office’ tasks,” said Morgan Stanley analysts.
Artificial intelligence is likely… More.
WROCLAW, Poland/STOCKHOLM, June 16 (Reuters) — Intel (INTC.O) plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity, it said on Friday.
The U.S. chipmaker last year announced plans to build a big chip complex in Germany along with facilities in Ireland and France as it seeks to benefit from European Commission’s eased funding rules and subsidies as the EU looks to cut its dependence on U.S. and Asian supply.
The facility in Poland will employ 2,000 workers and create several thousand additional jobs during the construction phase and hiring by suppliers, the company said in a statement.
There is tremendous apprehension about the potential of generative AI—technologies that can create new content such as text, images, and video—to replace people in many jobs. But one of the biggest opportunities generative AI offers is to augment human creativity and overcome the challenges of democratizing innovation.
In the past two decades, companies have used crowdsourcing and idea competitions to involve outsiders in the innovation process. But many businesses have struggled to capitalize on these contributions. They’ve lacked an efficient way to evaluate the ideas, for instance, or to synthesize different ideas.
Generative AI can help overcome those challenges, the authors say. It can supplement the creativity of employees and customers and help them produce and identify novel ideas—and improve the quality of raw ideas. Specifically, companies can use generative AI to promote divergent thinking, challenge expertise bias, assist in idea evaluation, support idea refinement, and facilitate collaboration among users.
Caregivers of individuals with cancer likely have concerns about employment rights, finances, and support. This video will provide some options to support cancer caregivers.
Right now, Fast Company reporters (not bots!) are covering how generative AI is enabling us to work better—and more creatively—than we have before. We’ve reported on how Stable Animation is giving creators a team of talented animators akin to having their own Disney studio, how workflow can be supercharged for productivity on Airtable, how you can use it to create more compelling marketing efforts, and even how AI makes a compelling case for liberating workers from the office, amid all the RTO mandates. And we’ve done a deep dive into how UX designers tap into the power of plug-ins like those on Figma to level up all aspects of their work from testing for accessibility to creating final code. If you’re curious, we’ve rounded up a bunch of AI tools you can try for free.
On the flip (read: darker) side, we’re already seeing how generative AI is threatening some jobs. A recently released report from the World Economic Forum revealed a number of jobs that would likely not exist in five years including bank tellers, cashiers, insurance clerks, and legislators, among others. Right now, even makeup artists —who you might think are so hands-on there’s no way they could be replaced—have proven to be dispensable. That’s thanks to a host of tools that can reshape entire video clips. The results are astounding and soon will be as easy to use as a TikTok filter.
Much ink has been spilled over fears that artificial intelligence (AI) will eliminate jobs in the economy. While some of those fears may be well-founded, red-hot interest in AI innovation is creating new jobs as well.
This graphic visualizes data from Lightcast, a labor market analytics firm, which shows how many AI-related jobs were posted in each state throughout 2022.
In total there were 795,624 AI jobs posted throughout the year, of which 469,925 (59%) were in the top 10. The full tally is included in the table below.
