Category: Automation Impact on Jobs

AI to boost Ireland’s economy by billions, but many jobs at risk

AI to boost Ireland’s economy by billions, but many jobs at risk

Image: © Freshcare/Stock.adobe.com

A report commissioned by Google suggests Ireland’s economy could grow by up to €45bn in the next decade thanks to generative AI, but certain roles could be heavily displaced by this technology.

A new report highlights the ‘ double-edged sword ’ of AI, as it suggests Ireland’s economy could be boosted significantly over the next decade by this technology – but it could also displace roughly 160,000 jobs.The report – carried out by Implement Consulting Group and commissioned by Google – suggests that generative AI alone could boost Ireland’s gross domestic product (GDP) by between €40bn and €45bn […]

If AI can do your job, maybe it can also replace your CEO

If AI can do your job, maybe it can also replace your CEO

Chief executives are vulnerable to the same forces buffeting their employees. Leadership is important, but so is efficiency — and cost-cutting. (Steph Ramplin/The New York Times) — FOR EDITORIAL USE ONLY WITH NYT STORY AI REPLACING CEO BY DAVID STREITFELD FOR MAY 28, 2024. ALL OTHER USE PROHIBITED. — SAN FRANCISCO — As artificial intelligence programs shake up the office, potentially making millions of jobs obsolete, one group of perpetually stressed workers seems especially vulnerable.

These employees analyze new markets and discern trends, both tasks a computer could do more efficiently. They spend much of their time communicating with colleagues, […]

Cellular Origins and Cell and Gene Therapy Catapult collaborate to demonstrate universal automation of CGT manufacturing

Partnership to develop and implement Cellular Origins’ robotic platform Constellation for universal automation of CGT manufacturing at CGT Catapult’s Stevenage Manufacturing Innovation Centre

CAMBRIDGE, UK, AND STEVENAGE, UK: Cellular Origins, a TTP Company focused on enabling scalable, cost-effective, and efficient manufacture of cell and gene therapies (CGTs), and the Cell and Gene Therapy Catapult (CGT Catapult), an independent innovation and technology organisation specialising in the advancement of the cell and gene therapy industry, announces a collaboration to demonstrate universal automation of CGT manufacturing.

The partnership will undertake the physical and digital integration of existing bioprocessing equipment at the CGT […]

MIT professor hoses down predictions AI will put a rocket under the economy

MIT professor hoses down predictions AI will put a rocket under the economy

Artificial intelligence (AI) may not do much to boost productivity – and could end up widening the income gap between owners of capital and workers.

In a National Bureau of Economic Research paper titled "The Simple Macroeconomics of AI," Daron Acemoglu, professor of economics at Massachusetts Institute of Technology, argues that predictions AI will improve productivity and boost wages in a " blue-collar bonanza " are overly optimistic.

"AI will have implications for the macroeconomy, productivity, wages and inequality, but all of them are very hard to predict," Acemoglu argues. "This has not stopped a series of forecasts over the last […]

AI And Jobs: The Good And Bad News

AI And Jobs: The Good And Bad News

AI And Jobs: The Good And Bad NewsAdobe Stock In today’s rapidly evolving digital landscape, the discussion about artificial intelligence (AI) and its impact on jobs is more relevant than ever. I’ve witnessed first-hand how AI can be a powerful force for both innovation and disruption. While the advent of AI presents exciting opportunities for augmenting human capabilities and enhancing our work, it also poses significant challenges that we, as a society, must be prepared to face. Harnessing Human Potential

At its core, AI is about enhancing efficiency and precision in tasks that traditionally require human input. From […]

Factory automation looking more like us

Factory automation looking more like us

A humanoid robot of UBTech Robotics works at an automobile factory in Hefei, Anhui province, this year. [Photo provided to China Daily] In an auto factory, a humanoid robot effortlessly inspects car door locks, tests seat belts, examines headlamp covers and even affixes car emblems, further blurring the distinctions between humans and machines.

The robot, Walker S, is produced by Chinese AI and humanoid robotics company UBTech Robotics. This is not the first time that the company’s humanoid robots have created an internet sensation, as it works hard to commercialize the cutting-edge technology into more sectors for wider adoption.

In December, […]

AI for Schools: Looking to the jobs of the future

AI for Schools: Looking to the jobs of the future

© FT montage/Getty Images/Dreamstime Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

AI is disrupting companies, governments and non-profit organisations alike. Entire employment sectors are changing; and, within them, individual roles are shifting, too — with a growing emphasis on skills rather than jobs.But, while robotics and automation, in past decades, mainly affected “blue collar” manufacturing jobs, AI is now shaking up more highly skilled white-collar roles. For example, it is altering the functions of — and the opportunities in — professions such as law and accountancy.Like previous technologies, […]

Eye-opening Statistics on Job Displacement Due to Automation (2023 Data)

Eye-opening Statistics on Job Displacement Due to Automation (2023 Data)

Automation has been a worry for years, as many traditional/manual patterned workers are seen losing their jobs to machined-based labor daily. It replaces human efforts with technology and results in job displacement. Although many workers have been displaced and more are still on the verge of being replaced, digital transformation is still the bomb. As per the estimates, by 2025, 85 million jobs will be lost to automation worldwide.

The global pandemic gave rise to many job displacements, as most businesses and shopping were transacted online. It’s been a struggle for recovery since the pandemic, and there’s little to no […]

AI threat to your job: Is it coming from AI directly, or from competition with AI skills?

AI threat to your job: Is it coming from AI directly, or from competition with AI skills?

FILE- In this Jan. 9, 2019, file photo, Facebook employees sit at their stations during a tour of its new 130,000-square-foot offices in Cambridge, Mass. (AP Photo/Elise Amendola, File) …

(TND) — Nearly half of professionals in a new survey from Microsoft and LinkedIn said they are worried artificial intelligence will replace their jobs.

And over half of the survey respondents who use AI at work said they worry that using it on important tasks makes them look replaceable, according to the Work Trend Index survey of thousands of knowledge workers – those who typically work at a desk.Two-thirds of leaders […]

Surviving the AI Revolution: Economists’ Re-skilling Tactics

Surviving the AI Revolution: Economists' Re-skilling Tactics

AI Revolution: How Economists Are Re-skilling to Stay Relevant Artificial intelligence, or the improvement of computer frameworks and machine learning to mimic the problem-solving and decision-making capabilities of human insights, impacts a cluster of business forms. Organizations utilize artificial intelligence (AI) to reinforce information examination and decision-making, improve client experiences, produce substance, optimize IT operations, deals, marketing and cybersecurity practices, and more. As AI innovations progress and advance, new business applications develop. AI in Economists world

Over the past few years, Artificial Intelligence has developed as a transformative innovation over different businesses, significantly affecting the worldwide economy. Whereas […]