inequality Archives - Page 4 of 108

10% of US workers are in jobs most exposed to artificial intelligence, White House says

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About 10% of US workers are in jobs that face the greatest risk of disruption from rapidly evolving artificial intelligence, according to a White House analysis shared first with CNN.

The report represents the most in-depth analysis to date by the White House on the impact of AI on the US workforce. It finds that workers with less education and lower income are especially exposed to AI, raising the risk that the technology could amplify inequality.The findings are part of the Council of Economic Advisers’ annual Economic Report of the President, which devotes an […]

Full Post at www.cnn.com

Goldman chief economist | AI will ‘destroy employment in some areas’

AI will ‘destroy employment in some areas’ Goldman Sachs’ chief economist has offered a stark forecast on the initial impact of AI on the labor market, predicting it will ‘destroy employment in some areas.’

Jan Hatzius, the economist in question, has risen to prominence after previously making several successful predictions about the global economy, including forecasting the 2008 financial crisis.

In an interview with CNN, Hatzius said he expects there to be a short-term hit to jobs, but believes that the long term picture is brighter.“There will be parts of the labor market where tasks can be replaced,” Hatzius said. […]

Full Post at www.hrgrapevine.com

Ethical Considerations in Robotics and AI: Navigating the Moral Dilemmas of Automation

In a world where robots and artificial intelligence are becoming increasingly integrated into our daily lives, the ethical considerations surrounding their use have never been more important. From autonomous vehicles to chatbots, the decisions made by developers and programmers can have profound moral implications. Join us as we delve into the complex landscape of robotics and AI, exploring the challenges and dilemmas that arise when navigating the ever-evolving intersection of technology and ethics. Introduction to Robotics and AI

In recent years, robotics and artificial intelligence (AI) have significantly advanced, resulting in the widespread use of autonomous systems in various […]

Full Post at techbullion.com

India is on a path of digitalisation that is different from China and US: Soumitra Dutta, Dean of Said Business School

It’s time India starts focusing on developing a truly world-class AI infrastructure in the country to reap its dividends, says the Dean of Oxford University’s Said Business School.

Soumitra Dutta says there is an urgent need for India to increase its spend on R&D and other academic research. While India may have made a mark in the software services exports, it has lagged a bit in terms of adoption of artificial intelligence (AI), says Soumitra Dutta , Dean of Oxford University ‘s Said Business School . Dutta, a professor of Indian origin, says India has to now focus on […]

Full Post at economictimes.indiatimes.com

How artificial intelligence and robotics impacts labour force participatin and employemnt?

Artificial intelligence (AI) and robotics have a significant impact on labor force participation and employment. While AI has the potential to automate tasks and improve efficiency, it can also lead to job losses. However, it is important to note that AI can also create new employment opportunities in technology and AI-related sectors. Studies have shown that worker adaptation to new technologies is necessary to maintain employability and professional relevance . Companies understand the importance of increasing business efficiency and employee productivity, and automation is being implemented in various sectors to minimize costs and improve reliability . Rapid advances in […]

Full Post at typeset.io

After White-Collar Jobs OpenAI Goes After Blue-Collar Jobs; The Race For Humanoid Robots And The Age Of AGI; How Critical Will It Be In Balancing Employment Opportunities In The Age Of AI

In pursuing Artificial General Intelligence (AGI), robotics has emerged as a crucial frontier, with companies vying to develop the ultimate humanoid robot. OpenAI , known for its advancements in AI research, has rekindled its interest in robotics with Figure-01, a humanoid robot that promises to push the boundaries of automation.

CEO Adcock believes that Figure holds the key to automating complex tasks, stating that the demand for such solutions is virtually limitless and with recent updates showcasing Figure brewing coffee, the robot demonstrates a level of dexterity and adaptability learned from observing human actions; thus the possibilities are endless.

Related […]

Full Post at www.inventiva.co.in

AI will terminate Australia

In his 2019 book. The Technology Trap: Capital, Labour and Power in the Age of Automation, Carl Benedikt Frey covers the history of the Industrial Revolution and how it affected society:

Frey’s argument rests on the distinction between labour-enabling technologies and labour-replacing technologies. As the names suggest, labour-enabling technologies complement workers, boosting productivity and opening up avenues for new employment, while labour-replacing technologies boot workers out of the labour market entirely, forcing them to re-skill or search for other opportunities.

The Technology Trap serves as a timely reminder that while technological change may benefit everyone over the long […]

Full Post at www.macrobusiness.com.au

The Future of Work and the Impact of Automation on Jobs in Gig Economy in Thailand: A Review of Literature

Keywords:

Future of Work, Automation, Gig Economy, Thailand Abstract

Purpose: This article aims to analyze the diverse factors that exert a substantial impact on Thailand’s gig economy. The factors encompassed in this discussion comprise the potential ramifications of automation, the emergence of novel employment prospects, and the significance of education, labor, and collaboration between industry and academia. Methodology: The authors systematically organized the data to identify patterns, with an emphasis on automation, job creation, and education-industry collaboration. The authors investigated the potential impact of automation on the gig economy, the possibility of job displacement and the need for […]

Full Post at www.assumptionjournal.au.edu

3 Questions: Shaping Future Of Work In Age Of AI

The MIT Shaping the Future of Work Initiative , co-directed by MIT professors Daron Acemoglu, David Autor, and Simon Johnson, celebrated its official launch on Jan. 22. The new initiative’s mission is to analyze the forces that are eroding job quality and labor market opportunities for non-college workers and identify innovative ways to move the economy onto a more equitable trajectory. Here, Acemoglu, Autor, and Johnson speak about the origins, goals, and plans for their new initiative.

Q: What was the impetus for creating the MIT Shaping the Future of Work Initiative?

David Autor: The last 40 years have been increasingly […]

Full Post at www.miragenews.com

These Are the Top 10 Threats From Artificial Intelligence The new book, “The Wolf Is At The Door,” breaks down the most pressing problems that AI presents to the world we live in.

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Opinions expressed by Entrepreneur contributors are their own.The new book, The Wolf Is At The Door , teaches readers how to survive and thrive in an AI-powered world. In the following excerpt, author Ben Angel details what he has determined to be the top 10 threats that AI presents to our world today. 1. Manipulation By exploiting AI ‘s capacity to manipulate, actions such as persuading individuals to engage […]

Full Post at www.entrepreneur.com