Tag: academic

Next-Generation Laundry Employee Evolution (Conclusion)

Next-Generation Laundry Employee Evolution (Conclusion)

CHICAGO — Laundry technology constantly evolves, from the hardware to the software and beyond. Next-Generation Laundry Employee Evolution It used to be productivity was measured on a clipboard. Today, washers and dryers communicate via Wi-Fi, and adjustments can be made on a touch screen or even remotely.

And who would have thought the term artificial intelligence (AI) would become part of the industrial laundry lexicon?

This constantly changing technology means changes to the jobs available for laundry employees and the skills required in the future.“We may see robotics taking a role in areas like sorting soil and folding with managers/supervisors relying […]

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. […]

Teach the skills required for a future we can’t yet imagine

Teach the skills required for a future we can’t yet imagine

We’re living through a fourth industrial revolution, characterised by technological advancements in areas such as robotics, artificial intelligence and machine learning. While this inspires hope in future prosperity, the pace of invention means we can’t even imagine what jobs will make up most of the workforce in a generation from now. Engaging students with careers resources early and often

Struggle, strength and growth: preparing students for the changing future

Preparing students for an uncertain future through career planning About 65 per cent of current primary school pupils will be employed in jobs that don’t exist today, […]

AI automation in the workplace is about to reach a major tipping point

AI automation in the workplace is about to reach a major tipping point

According to a survey of CFOs by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, plans to use AI in the coming year are surging. More U.S. companies are about to flip the “on” switch when it comes to automating tasks with artificial intelligence.

According to a survey of CFOs by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, plans to use AI in the coming year are surging.

To be sure, companies have been automating work for generations, and the survey said that 60% of companies […]

AI is replacing human tasks faster than you think

AI is replacing human tasks faster than you think

News

Maria Korneeva/Moment RF/Getty Images via CNN Newsource

New York (CNN) — Corporate America is rapidly adopting artificial intelligence to automate work once exclusively done by humans.Nearly half (46%) of large US firms plan to use AI within the next year to automate tasks previously done by employees, according to a survey of finance chiefs released Thursday.Those tasks include everything from paying suppliers and doing invoices to financial reporting, said the survey conducted by Duke University and the Federal Reserve Bank of Atlanta.That’s in addition to creative tasks for which some businesses are already relying on ChatGPT and other AI […]

If AI is so good, why are there still so many jobs for translators?

If AI is so good, why are there still so many jobs for translators?

Lost in automation? Earlier this year, a drumbeat of news headlines played into public anxieties about the safety of human jobs when Duolingo, a language learning app, became a prominent example of a company cutting workers and replacing them with artificial intelligence.

The most eye-catching job cuts were those for translators, who worked on some of the company’s less popular language education courses. Translators and interpreters are often near the top of media listicles as the jobs most likely to be killed by AI. When the stories about Duolingo’s job cuts circulated, they seemed to confirm that the inevitable AI […]

Levy Yeyati: ‘AI creates tensions that can lead to outsider populism’

Levy Yeyati: ‘AI creates tensions that can lead to outsider populism’

The Argentine economist spoke to the Herald about his recent book on AI’s impact on politics, economy, and society

Eduardo Levy Yeyati Eduardo Levy Yeyati is an Argentine economist, academic, and writer. In his latest book, “Automatizados” (Automated), co-authored with economist Darío Judzik, he plunges into the debate surrounding the impact of AI on the economy, jobs, and politics, as well as people’s daily lives.

Levy Yeyati received the Herald at his home in Buenos Aires. With his cat roaming in the background, he answered questions about the book’s key ideas. This interview has been edited for length and clarity. […]

Automation in employee benefits: a necessity for today’s workforce

Automation in employee benefits: a necessity for today's workforce

In a world driven by instant gratification, consumers are not the only group that expects quick and seamless experiences. Employees, HR teams, and benefits leaders do, too. From using a smartphone to pay at the gas pump to snapping up the latest fashion trends with a single click, the digital revolution has conditioned us to favor speed and efficiency in every aspect of life. This expectation seamlessly extends into the professional sphere, including having a significant impact on how the entire landscape of employee benefits. When HR adds a new hire to payroll, they want it to happen in […]

AI-Driven Jobs Promise Higher Earnings, Underlines Elon Musk

Elon Musk envisages a future shaped by artificial intelligence (AI), where work could be a choice rather than a necessity, and jobs requiring AI adoption might offer more substantial salaries. During a keynote address via webcam at the VivaTech 2024 conference in Paris, Musk painted a picture of a world where automation ensures that goods and services are plentiful, essentially making human labor optional for many.

The billionaire entrepreneur reinforced the idea that a form of ‘high universal income’ might be required to support individuals in an automated society—differentiating it from the concept of universal basic income which involves a […]

Don’t Believe the AI Hype

Don’t Believe the AI Hype

If you listen to tech industry leaders, business-sector forecasters, and much of the media, you may believe that recent advances in generative AI will soon bring extraordinary productivity benefits, revolutionizing life as we know it. Yet neither economic theory nor the data support such exuberant forecasts.

BOSTON – According to tech leaders and many pundits and academics, artificial intelligence is poised to transform the world as we know it through unprecedented productivity gains. While some believe that machines soon will do everything humans can do, ushering in a new age of boundless prosperity, other predictions are at least more grounded. […]