Category: Automation Impact on Jobs

Citi: AI Will Impact Finance Sector Job Market the Most

Citi: AI Will Impact Finance Sector Job Market the Most

Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi , a little more than half — 54% — of jobs in the banking sector have a higher potential for automation, while another 12% could be augmented by AI.

“AI-powered clients could increase price competition in the finance sector. The balance of power may shift,” the banking giant said in the intro to the report. “AI may be adopted faster by digitally native, cloud-based firms, such as FinTechs and BigTechs, with agile incumbent banks following fast. Many incumbents, weighed down by […]

AutoStore establishes new assembly factory in Thailand

AutoStore establishes new assembly factory in Thailand

AutoStore , the maker of one of the most widely used automated storage and retrieval systems for warehouses, has opened its assembly factory in Rayong Province, Thailand.

This milestone marks a strategic move in the company’s global expansion efforts, bringing cutting-edge robotics production closer to key markets, including Japan, Korea, and the United States.

With over 1,450 systems distributed across 54 countries, AutoStore is the most widely adopted automated fulfillment system on the planet.As AutoStore accelerates its expansion across North America, the new robot factory in Thailand will help get the company’s automated storage and retrieval system into US warehouses […]

The Influence of Artificial Intelligence on Modern Society

The Influence of Artificial Intelligence on Modern Society

Renowned AI expert, Kong Chio Fai, delivered an enlightening presentation at the University of Macau, discussing the profound impacts and opportunities presented by the rise of artificial intelligence (AI). Instead of focusing on data and entrepreneurship, she emphasized how AI is transforming various sectors with its rapid advancements and immense potential.

Kong Chio Fai, a distinguished figure in the field of technology, highlighted the societal implications of AI as well as the pivotal role of data in its development. With the exponential growth of data and enhanced computational capabilities, AI is quickly evolving and showcasing its capabilities across different […]

The Impact of Artificial Intelligence on Job Markets: Automation and Employment Trends

The Impact of Artificial Intelligence on Job Markets: Automation and Employment Trends

The Impact of Artificial Intelligence on Job Markets: Automation and Employment Trends

David Alto

· Follow 3 min read·3 hours ago The Impact of Artificial Intelligence on the NZ Job Market — Madison by Chris Brown Artificial Intelligence (AI) is not just a buzzword; it’s a transformative force that’s reshaping job markets across industries. While AI brings the promise of increased efficiency and productivity, it also raises questions about the future of employment. In this article, we delve into the impact of AI on job markets, exploring automation trends and their implications for the workforce. […]

AI and Automation: Reshaping the Future of Jobs

AI and Automation: Reshaping the Future of Jobs

Have you ever wondered where robots do tedious tasks, freeing you up for more fascinating work? That is the future of employment using AI and automation. While certain duties will be automated, new opportunities will arise. Consider artficial intelligence to be a super helper that assists physicians in illness diagnosis and attorneys in case research. The majority of employment will evolve rather than perish. To work with AI, we’ll need to master new talents such as problem solving and creativity. The trick is to stay versatile and continue to learn; exciting times are coming in the workplace. How AI […]

BBC: Tech company cuts 60 people, leaving just one managing ChatGPT. And then fires him too.

BBC: Tech company cuts 60 people, leaving just one managing ChatGPT. And then fires him too.

The impact of AI on the workplace is still a big unknown, with hiring going up in some businesses and falling in others.

However, those predicting doomsday scenarios of artificial intelligence making most of us redundant may have just received a big boost in an article published by the BBC two days ago . The story details how an entire team of 60 people was replaced with just one guy working with ChatGPT, before he was axed too. Freeing humans from creativity

As the recent humorous but bitter observation goes, humans were hoping AI could free them from mundane tasks, […]

The Evolution of Digital Labor Market Trends

The Evolution of Digital Labor Market Trends

A Paradigm Shift in the IT Sphere – The realm of information technology is undergoing a seismic transformation, marked by a distinct shift towards specialized professionalism and the automation of menial tasks. This evolution is reshaping the landscape of digital labor, with a notable impact on freelance professionals lacking advanced expertise. Those who have not reached elevated levels of skill within their domain are poised to bear the brunt of this change, while experienced “seniors” and individuals specializing in niche programming languages stand to benefit.

Shifts in Demand and Income – Recent studies have illuminated a concerning trend: income […]

“With the introduction of intelligent robots with the evolution of generative artificial intelligence (AI), it can promote automation of blue-collar jobs and exacerbate income and wealth inequality.” The governments of each country should hurry to come up with measures.”

Pointing out the possibility of a decrease in high-skilled jobs Urged to come up with measures such as education and unemployment insurance ChatGPT embodies a future society where AI replaces jobs. "With the introduction of intelligent robots with the evolution of generative artificial intelligence (AI), it can promote automation of blue-collar jobs and exacerbate income and wealth inequality." The governments of each country should hurry to come up with measures."

The International Monetary Fund (IMF) pointed out this in a report titled "Expanding the Advantages of Generative AI: The Role of Fiscal Policy" on the 17th (local time). The AI […]

Transformative Growth with AI is Likely. Explosive Growth is Science Fiction.

A couple weeks back, Tim Lee, the author of the Understanding AI Substack, put out the following plea on X : “I really wish there were more economists involved in discussions of the implications of superintelligence.” He added, “The most obvious example is people predicting mass unemployment without thinking through the impact of high productivity on fiscal and monetary policy.”

In our previous Techne , I decided to take on Lee’s plea and began by looking at the past. This week, I want to share some thoughts about how Large Language Models (LLMs) like ChatGPT might shape the future.

I […]

Students don’t have to take on massive debt. The trades need workers and they pay well | Opinion

OPINION AND COMMENTARY

Editorials and other Opinion content offer perspectives on issues important to our community and are independent from the work of our newsroom reporters.

Opinion The plumbing, electrical and construction industries offer stability, not to mention long-term fulfillment. Kansas City Star file photo Why the Future of Work Isn’t White CollarThe future of work may not be clad in a suit and tie but rather in the durable fabric of coveralls and steel-toed boots. As technology and globalization reshape the workplace, trades such as plumbing, electrical and construction offer workers not only economic stability but also long-term career […]