Tag: manufactur

Rethinking AI’s impact: Study reveals economic limits to job automation

Rethinking AI's impact: Study reveals economic limits to job automation

Credit: Massachusetts Institute of Technology, Midjourney Like many of us, you might find yourself nodding to a familiar digital doomsday chorus that vibrates through offices and coffee shops alike: AI will take my job!

Is this looming threat substantiated, or simply a manifestation of our shared anxiety in the wake of constant technological advancement? A new study from MIT CSAIL, MIT Sloan, The Productivity Institute, and IBM’s Institute for Business Value is set to challenge our long-held beliefs.

Their research critically examines the economic practicality of using AI for automating tasks in the workplace, with a specific emphasis on computer vision.Their […]

Is Artificial Intelligence a Threat to Jobs?

Is Artificial Intelligence a Threat to Jobs?

Is Artificial Intelligence a Threat to Jobs?

Threat or Opportunity?

Muhammad Awais · Follow 3 min read·1 hour agoArtificial Intelligence (AI) has become a ubiquitous presence in our daily lives, revolutionizing industries and transforming the way we work. However, the rapid advancement of AI has also sparked concerns about its potential threat to jobs. The question arises: Is artificial intelligence a threat to jobs, or does it offer new opportunities for economic growth and innovation? The Evolution of AI and its Integration into the Workforce: AI, encompassing machine learning, deep learning, and natural language processing, has made significant […]

New MIT Study: AI Job Automation May Happen Slower Than Expected

New MIT Study: AI Job Automation May Happen Slower Than Expected

A new study from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) challenges the prevailing narrative about the impact of AI on job automation. The study, led by researchers at MIT, suggests that the widespread fear of AI replacing human jobs may be overblown. Key Takeaway

The study suggests that the potential impact of AI on job automation may be slower and less dramatic than previously thought, challenging the prevailing narrative about AI’s imminent threat to human employment. AI and Job Automation: Debunking Common Assumptions

Many predictions about the future of AI and its potential to automate human jobs […]

The Impact of AI and Automation on Jobs: Navigating the Future of Employment

Table of Contents

> Introduction

The Key Findings of the Study The Misinterpretation of the Headline Figure Factors that Shape the Pace of Automation The Limitations of Predicting Future Jobs Preparing for the Future of Employment The Importance of Data Analysis and Machine Learning Subsidizing Employment for Older Workers The Vulnerability of Middle-Skill Jobs High-Risk and Low-Risk Job Categories for Automation Bottlenecks to Automation Complex Social Interactions Creative Work Perception and Manipulation of Irregular Objects The Future of Employment: Navigating the Changes Ahead �‍�� The rapid advancement of technology has ushered in a new era of employment, prompting discussions […]

New MIT CSAIL study suggests that AI won’t steal as many jobs expected

New MIT CSAIL study suggests that AI won't steal as many jobs expected

Image Credits: Kirillm (opens in a new window) / Getty Images Will AI automate human jobs, and — if so — which jobs and when?

That’s the trio of questions a new research study from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL), out this morning, tries to answer.

There’s been many attempts to extrapolate out and project how the AI technologies of today, like large language models , might impact people’s’ livelihoods — and whole economies — in the future.Goldman Sachs estimates that AI could automate 25% of the entire labor market in the next few years. According to McKinsey, […]

The illusion of immigration to fill the labor shortage

The illusion of immigration to fill the labor shortage

As an economist, I have carried out several economic impact studies: the study of the potential benefits of the Great Whale project for Hydro-Québec, the ex post the fallout from La Grande 1 and 2, that of the James Bay Convention, that of all wind farms installed in Quebec from 1997 to 2020 for CANWEA (Canadian Wind Energy Association), etc. In addition, in 2014, the Société d’habitation du Québec (SHQ) commissioned me to study the economic impact of municipal housing offices.

Overall, these studies demonstrate that on average, depending on the sector of activity, the multiplier coefficient for the creation […]

Embracing AI: The Balance Between Automation and Employment

Embracing AI: The Balance Between Automation and Employment

Embracing AI: The Balance Between Automation and Employment

Bushra Yasmin Sharnali

· Follow 3 min read·18 hours ago In recent years, Artificial Intelligence (AI) has evolved from a futuristic concept to an everyday reality, transforming the way we live and work. While AI brings numerous advantages, it also sparks a crucial debate about its impact on employment. This blog explores how we can harness AI positively, setting limits to automation to safeguard jobs and encourage a harmonious coexistence between human intelligence and artificial intelligence. The AI Revolution: A Double-Edged Sword AI’s rapid growth has revolutionized industries, from […]

AI: Coming soon to a course near you

AI: Coming soon to a course near you

Artificial Intelligence is rapidly creeping into almost every corner of the economy. Many industries lacking sufficient labor could benefit from machines that eventually can do the jobs of people. That certainly would be good news to many, including in the golf industry. There also are concerns with AI, and that the prospect of increased efficiency and the allure of bloated bottom lines in free market economies could result in decision makers siding with profit over people..

In recent months, AI has been the target of Hollywood celebrities and recording artists claiming their work has been pirated without consent, and we’ve […]

Technological progress needs direction, not just speed

Technological progress needs direction, not just speed

Two operators supervise the manufacturing and development process of customized automation robotic arms in an industrial robot distribution center. wera Rodsawang (Getty Images) You may have heard the fable about the future of factories, where only one dog and one person are working. The human is there to feed the dog, and the dog is there to make sure the human does not bother the robots. And in such a future, which might seem like science fiction , many questions arise: What will the workers who used to manufacture products do now? How will they pay their rent in […]

Coming soon to a course near you

Coming soon to a course near you

Artificial Intelligence is rapidly creeping into almost every corner of the economy. Many industries lacking sufficient labor could benefit from machines that eventually can do the jobs of people. That certainly would be good news to many, including in the golf industry. There also are concerns with AI, and that the prospect of increased efficiency and the allure of bloated bottom lines in free market economies could result in decision makers siding with profit over people..

In recent months, AI has been the target of Hollywood celebrities and recording artists claiming their work has been pirated without consent, and we’ve […]