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Category: employment – Page 20

Andreessen argues that thanks to A.I., “productivity growth throughout the economy will accelerate dramatically, driving economic growth, creation of new industries, creation of new jobs, and wage growth, and resulting in a new era of heightened material prosperity across the planet.”

This week, on the Lex Fridman Podcast, he offered advice to young people who want to stand out in what he describes in this “freeze-frame moment” with A.I.—where tools like ChatGPT and GPT-4 are suddenly available and “everybody is kind of staring at them wondering what to do.”

He noted that we’re now living in a world where vast amounts of information are at our fingertips and, with A.I. tools, “your ability both to learn and to produce” is dramatically higher than in the past. Such tools should allow for more “hyper-productive people” to emerge, he said. For example, there’s no reason authors and musicians couldn’t churn out far more books or songs than was customary in the past.

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AI is quickly becoming an essential part of daily work. It’s already being used to help improve operational processes, strengthen customer service, measure employee experience, and bolster cybersecurity efforts, among other applications. And with AI deepening its presence in daily life, as more people turn to AI bot services, such as ChatGPT, to answer questions and get help with tasks, its presence in the workplace will only accelerate.

Much of the discussion around AI in the workplace has been about the jobs it could replace. It’s also sparked conversations around ethics, compliance, and governance issues, with many companies taking a cautious approach to adopting AI technologies and IT leaders debating the best path forward.

While the full promise of AI is still uncertain, it’s early impact on the workplace can’t be ignored. It’s clear that AI will make its mark on every industry in the coming years, and it’s already creating a shift in demand for skills employers are looking for. AI has also sparked renewed interest in long-held IT skills, while creating entirely new roles and skills companies will need to adopt to successfully embrace AI.

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According to Infosys, the company’s AI-first specialists and data strategists, who are responsible for delivering Infosys Topaz AI-first services, solutions, and platforms, will be part of shaping the curriculum of these courses. Their expertise will ensure that learners are equipped with future-ready skill sets.

Infosys further explains that it will provide certification in AI and Generative AI skills, which are crucial for securing jobs, through its Infosys Springboard Virtual Learning Platform. The certification program will offer a diverse range of courses covering various topics related to AI. These courses include an introductory course on AI and Generative AI, with a specific emphasis on deep learning and natural language processing. Additionally, there will be a masterclass on AI and the impact of Generative AI.

Furthermore, Infosys will also provide a customised course on ‘Citizens Data Science’, which will encompass different facets of the data science discipline. The course will cover topics such as Python programming, linear algebra, probability and statistics, and exploratory data analysis. Upon successfully completing the course, learners will receive a certificate.

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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.

Page-utils class= article-utils—vertical hide-for-print data-js-target= page-utils data-id= tag: blogs.harvardbusiness.org, 2007/03/31:999.359084 data-title= Companies That Replace People with AI Will Get Left Behind data-url=/2023/06/companies-that-replace-people-with-ai-will-get-left-behind data-topic= AI and machine learning data-authors= Behnam Tabrizi; Babak Pahlavan data-content-type= Digital Article data-content-image=/resources/images/article_assets/2023/06/Jun23_23_1300035600-383x215.jpg data-summary=

Investing in innovation — not cutting costs — will position companies to thrive in the long run.

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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.

But they’re forgetting something, Chesky recently told the “This Week in Startups” podcast: We don’t even know what kinds of jobs it’ll create.

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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.

But “Generative AI, in my mind is, once in a lifetime kind of disruption that’s going to happen … so there are going to be losses of jobs in the more traditional setting, but I also believe it’s going to create new jobs like every prior technology disruption has,” said Navneet Kapoor, chief technology and information officer at shipping giant Maersk.

Artificial intelligence is likely… More.

Artificial intelligence is likely to shake up the transportation industry — transforming how supply chains are managed and reducing the number of jobs carried out by people, according to analysts and industry insiders.

Continue reading “A.I. could ‘remove all human touchpoints’ in supply chains. Here’s what that means” | >

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.

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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.

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