Tag: manufactur

27% of workforce in European nations could lose jobs to AI

27% of workforce in European nations could lose jobs to AI

As per the initial findings from a new OECD survey, AI’s impact in the manufacturing and finance sectors of seven countries highlight both the opportunities and risks that AI brings

Source: Reuters There has been mounting fear that the advent of artificial intelligence will eat up more jobs, leaving many unemployed. Now, the Organization for Economic Co-operation and Development (OECD) fears that 27 per cent of their workers could lose jobs to AI.

OECD, a 38-member block, said, “Increasingly rapid developments in AI are likely to significantly affect jobs.”The block said a quarter of jobs in the OECD rely […]

Skilled jobs to be most impacted by AI ‘revolution,’ reveals OECD report

Skilled jobs to be most impacted by AI ‘revolution,’ reveals OECD report

AI may soon replace skilled jobs. An AI “revolution” is coming that could result in job losses in skilled professions such as law, medicine, and finance, said a new report by the Organisation for Economic Co-operation and Development (OECD).

The report noted that the occupations at the highest risk represented about 27 percent of employment across its 38 member countries.

“Initial results from a new OECD survey on AI use in the manufacturing and finance sectors show the urgent need to act now, with policies that allow countries, firms and individuals to benefit from AI, while addressing risks,” warned the body.It […]

Wages Are Down 4% in Rich Nations as ‘AI Revolution’ Looms: OECD

Wages Are Down 4% in Rich Nations as 'AI Revolution' Looms: OECD

As corporate profits soar, the real income of workers in 38 wealthy countries has fallen by an average of nearly 4% over the past year, and the situation could deteriorate further as artificial intelligence and other forms of technology threaten to automate 27% of existing jobs in the same nations.

That’s according to the Organization for Economic Cooperation and Development’s (OECD) latest annual employment outlook , published Tuesday, which stresses the "urgent need to act."

"OECD countries may be on the brink of an AI revolution."One of the report’s key findings is that in most high-income countries, labor markets have "stabilized" […]

Your Job Is at Risk: 27% of Occupations Could Be Automated by AI

Your Job Is at Risk: 27% of Occupations Could Be Automated by AI

Artificial Intelligence (AI) has been a topic of great interest and concern in recent years. As technology continues to advance, there is growing speculation about its potential impact on jobs and the workforce. The Organisation for Economic Co-operation and Development (OECD) has conducted extensive research to shed light on this issue. According to their findings, more than a quarter of jobs in OECD countries could be easily automated in the coming AI revolution. This article delves into the key findings of the OECD report and explores the implications of AI on the future of work.

The OECD’s 2023 Employment Outlook […]

OECD says AI ‘revolution’ could disrupt 27% of jobs

OECD says AI ‘revolution’ could disrupt 27% of jobs

Paris — More than a quarter of jobs in the Organisation for Economic Co-operation and Development (OECD) rely on skills that could be easily automated in the coming artificial intelligence “revolution”, and workers fear they could lose their jobs to AI, the OECD said on Tuesday.

The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly wealthy nations but also some emerging economies like Mexico and Estonia.

There is little evidence the emergence of AI is having a significant impact on jobs so far, but that may be because the revolution is in its early stages and/or […]

With national security in focus, senators to get first-ever classified briefing on AI

With national security in focus, senators to get first-ever classified briefing on AI

FILE – Zoubin Ghahramani, vice president of research at Google, speaks at the Google AI@ event on Wednesday, Nov. 2, 2022, in New York. (AP Photo/John Minchillo, File) WASHINGTON (TND) — On Tuesday, the full Senate will get its first-ever classified briefing on artificial intelligence and national security. It comes as Washington is rushing to understand the pros and cons of how this rapidly evolving technology can impact everyday life.

According to Senate Majority Leader Chuck Schumer, D-N.Y., the briefing will be led by officials from the Department of Defense and intelligence community.

"Our job as legislators is to listen to […]

Full Speed Ahead on A.I. Our Economy Needs It.

Full Speed Ahead on A.I. Our Economy Needs It.

The workers were furious. Believing that new mechanical looms threatened their jobs, they broke into factories, seized machinery, brought it into the street and set it afire, all with widespread public support, even tacitly from the authorities.

That was in 1675. And those English textile workers were neither first nor last in the long procession of worriers about the potential harm to jobs from labor-saving devices. Several centuries earlier, the adoption of the fulling mill caused an uproar among workers forced to find other occupations. Almost exactly 60 years ago, Life magazine warned that the advent of automation would make […]

The Future of Work in the Age of AI: Job Disruption, Reskilling, and Economic Implications

The Future of Work in the Age of AI: Job Disruption, Reskilling, and Economic Implications

AI is transforming the future of work, with potential disruptions and the need for reskilling. While some jobs may be automated, AI can enhance human capabilities and productivity. Reskilling is crucial to adapt to changing demands, and collaboration is needed for comprehensive programs. AI has economic implications, creating new industries and addressing inequality, but also poses challenges. Upskilling, social safety nets, and worker protections are necessary for an equitable future of work. In the rapidly evolving age of artificial intelligence (AI), the future of work is undergoing a profound transformation.

This article delves into the potential job disruptions, the significance […]

75 Artificial Intelligence Adoption Statistics [Updated for 2023]

75 Artificial Intelligence Adoption Statistics [Updated for 2023]

Artificial Intelligence, AI, is a study in computer science involved in creating machines that can match humans in specific tasks. These machines perform like humans. Robots, automated vehicles, and virtual and digital assistants are examples of machines that behave like humans. They can be utilized to yield great success in Manufacturing Industries, healthcare, education, and every other Industry.

While statistics in Artificial Intelligence are occasionally altering, here are the most important ones to know in 2023. Interesting AI Adoption Statistics for 2023

The current Artificial Intelligence (AI) facts are as follows: The global Artificial Intelligence market in 2022 was $136.6 […]

Robot Dogs Train at South Florida Firm’s New AI Facility

Robot Dogs Train at South Florida Firm's New AI Facility

Levatas trains robots produced by Boston Dynamics to serve as industrial safety inspectors. Sit, Spot. Roll over.

Process millions of images and perform industrial business inspections better than a human would. Good dog.

An artificial intelligence and machine-learning firm, South Florida-based Levatas trains robots like Spot to strut around collecting visual data to identify hazards and safety issues at clients’ properties. In April, the company opened its state-of-the-art industrial AI lab in its West Palm Beach office, which serves as Spot’s mechanical puppy training pen."Companies are looking for a machine that can walk on four legs… and is engineered to be […]