Category: Automation Impact on Jobs

Sam Altman’s Universal Basic Income Study Reveals Shifts In Spending And Employment

Sam Altman's Universal Basic Income Study Reveals Shifts In Spending And Employment

In a groundbreaking initiative that seeks to understand the impacts of universal basic income (UBI), Sam Altman, the CEO of OpenAI, has been at the forefront of a three-year experiment providing cash to individuals in need. The project has granted $1,000 monthly to thousands of participants across Illinois and Texas, examining how a guaranteed income might reshape lives in an era increasingly influenced by artificial intelligence.

Launched in November 2020, the study included around 3,000 individuals aged 21 to 40 who earn less than $30,000 per year. One-third received $1,000 each month, while a control group was given just $50. […]

Why do we need AI, why is it becoming an indispensable tool?

Why do we need AI, why is it becoming an indispensable tool?

Why do we need AI? It’s not just a question – it’s reshaping our world faster than you can say “Hey Siri.”

Artificial intelligence is everywhere these days. It’s in your pocket, helping your phone recognize your face. It’s in your email, sorting out spam. It’s even in your car, making parking easier. AI is like a super-smart helper that never gets tired. But AI isn’t just about making cool gadgets. It’s changing how we work, learn, and live. Doctors use AI to spot diseases earlier. Scientists use it to understand climate change better. Artists use it to create new […]

Economic Survey 2023-2024 highlights emerging job trends in AI, Cybersecurity, 3D Printing and Web Development

Economic Survey 2023-2024 highlights emerging job trends in AI, Cybersecurity, 3D Printing and Web Development

India’s economic engine is roaring, and the job market reflects that optimism. The latest Economic Survey 2023-2024 paints a picture of a growing economy brimming with opportunities, but also cautions of potential roadblocks on the road to success. Cause for celebration

The good news is plentiful, if the recent Economic Survey tabled by Union Finance Minister Nirmala Sitharaman is to be believed. The unemployment rate has dipped to an impressive 3.2% in 2022-23, signifying a more vibrant job market. Increased participation of young people and women in the workforce presents a golden opportunity to leverage India’s demographic dividend and […]

Microsoft ditches Android for Apple iPhones in China, citing security and authentication issues

Microsoft ditches Android for Apple iPhones in China, citing security and authentication issues

Microsoft has asked its employees in China to use Apple iPhones from September. Microsoft will provide Apple iPhones to its employees in China who currently use Android devices . Bloomberg reported that the company has requested that its employees in China switch to Apple iPhones for work purposes starting in September. Microsoft move aimed to improve security

The Bloomberg report said that the move aims to improve security and gain access to necessary authentication apps, as stated in an internal memo. This shift aligns with Microsoft ‘s efforts to enhance security measures and streamline its mobile device management.

The company […]

The Impact of Artificial Intelligence on Future Job Market

The Impact of Artificial Intelligence on Future Job Market

New technologies are reshaping the job market landscape, with artificial intelligence leading the charge. According to forecasts by McKinsey Global Institute, AI advancements could prompt at least 14% of the global workforce to consider changing career paths by 2030 due to digitization and robotics. This shift is expected to boost global wealth by approximately $13 trillion and increase GDP by 1.2% annually, emphasizing the pivotal role of AI in economic growth.

While concerns surrounding AI’s effects on employment persist, history suggests that the emergence of new professions often balances out the elimination of others. Research indicates that around […]

Video: Why embracing automation is good for manufacturing

Editor’s note: This content appears here courtesy of IMTS+. Read the original here .

President of Haimer, Brendt Holden believes there is endless potential and opportunities from job shops that embrace advanced technologies.

Why? Because these technologies will help to complete the circle of digitalization and help to gain maximum efficiency.Haimer makes about 4,000 tool holders a day. The company is not an assembly house but makes end products. Because of this, Haimer investigated how to make the company more efficient and it found making its own tool holders and shrink machines that is based on its own production. The […]

7 Consequences of Autonomous Trucks in the Supply Chain

7 Consequences of Autonomous Trucks in the Supply Chain

by Zac Amos July 19th, 2024 Too Long; Didn’t Read

Self-driving cars are a difficult challenge to create, but autonomous long-haul trucks could arrive sooner. On the positive side, they’ll improve safety and shipping speeds, help reduce worker shortages, and boost supply chain sustainability. Unfortunately, there will also be regulatory complications, job losses, and safety challenges as self-driving AI develops. featured image – 7 Consequences of Autonomous Trucks in the Supply Chain 1x

Read by Dr. One Audio Presented by Self-driving cars always seem to be just out of reach. Technology improves and people make bold claims about when they […]

More teens are working. Here’s why a job is ‘becoming more compelling’ for them, economist says

More teens are working. Here’s why a job is ‘becoming more compelling’ for them, economist says

A server scooping ice cream at the Freddo Gelato Shop in Miami Beach, Florida.

Jeff Greenberg | Universal Images Group | Getty Images

Teen summer jobs are back.Last month, more than 5.7 million 16- to 19-year-olds participated in the labor market , Bureau of Labor Statistics data shows, marking the highest teen employment rate in June since 2007. While data shows that this is still far below the more than 8 million teen workers recorded in the late ’70s, the figures show that teen employment has steadily grown over the past decade.Economists say more teens have been drawn to the workforce […]

Ready or not, the industry is automating

Ready or not, the industry is automating

Automation is vital to the future of Canadian manufacturing

By Joe Thompson

July 18, 2024 The manufacturing landscape continually evolves to become what is necessary for the time. Industrial revolutions will do that. They push what is currently in place out of the way.Steam made way for electricity, analog was eliminated by digital, and manual operations are being automated. There’s even a word for this type of industrial revolution: progress.At the recent Automate 2024 tradeshow in Chicago, OTTO Motors and Samuel Automation showed the world what Canadian companies bring to the automation table.It’s actually a testament to […]

Robots can’t replace human intelligence, Amazon lead says

Robots can’t replace human intelligence, Amazon lead says

Amazon Robots Spotted Waiting to Cross Busy NYC Street Beloved Aussie cartoon Bluey provides an important message about the morals of robotics and its impact on humanity, according to one of the industry’s leading minds.

Mikell Taylor, Amazon Robotics’ principal tech program manager, says the machines we see in science fiction films are a long way from the autonomous creations that are found in workplaces around the world.

She told news.com.au the lifelike robots of the silver screen were an exploration of our psyche and have in some ways shown engineers “what not to do” – instead of laying a blueprint […]