Tag: productivity

AI-obsessed bosses are about to get a rude awakening

AI-obsessed bosses are about to get a rude awakening

It’s not yet autumn, but the technology industry has just felt the first icy blast of an AI winter.

These winters have haunted the field for decades – the periods of wild exuberance such as we see today are quite short. Now, following ominous warnings from Sequoia Capital and Barclays, Goldman Sachs has published a report titled: “Gen AI: too much spend, too little benefit?”

If some of their more pessimistic observations come true, we’re all in for a bumpy ride.The tech giants are predicted to throw $1 trillion at new data centres in the expectation of fulfilling demand for AI […]

Emerging Trends in AI Ecosystems

Emerging Trends in AI Ecosystems

Innovative Strategies Shaping the Future of Artificial Intelligence

A groundbreaking shift is underway in the realm of artificial intelligence as visionary entrepreneurs pioneer new approaches to propel the industry forward. Breakthroughs in AI are redefining global competition, with leading figures such as the visionary mind behind Scale AI, Alexandr Wang, driving significant advancements.

Unveiling Novel Business Initiatives Scale AI, renowned for its data labeling operations, has witnessed unprecedented growth, with its value soaring to approximately $14 billion over a span of eight years. Wang’s proactive collaborations within the AI landscape have been instrumental in fostering transformative breakthroughs. The company’s […]

AI and the Future of Work: Automation, Augmentation, and Employment

AI and the Future of Work: Automation, Augmentation, and Employment

AI and the Future of Work: Automation, Augmentation, and Employment

Sumit Kaul

· Follow 3 min read·7 hours agoArtificial Intelligence (AI) is reshaping the world of work, bringing about significant changes in how we perform tasks, make decisions, and interact with technology. While AI-driven automation can handle repetitive tasks, AI augmentation enhances human capabilities, leading to new job roles and opportunities. In this blog post, we’ll explore the impact of AI on the workplace, the balance between automation and augmentation, and how workers and organizations can adapt to these changes. We’ll also include some code examples to illustrate […]

The growing time tax of the digital global economy

The growing time tax of the digital global economy

Sun, Jul 14, 2024 page9 The rise of generative AI and other digital technologies has enabled tech companies to offload tasks from their employees to users

Despite the rapid proliferation of artificial intelligence (AI) chatbots and virtual assistants, finding an answer to a question that a company’s software is not programmed to address can be frustrating. Searching through countless options on price-comparison Web sites for the best insurance policy or airline ticket can be equally exhausting. Yet, we tend to view this “time tax” as the cost of doing business in today’s digitized global economy.

To be sure, we […]

How Automation and AI Will Transform Employment

How Automation and AI Will Transform Employment

The rapid advancement of automation and artificial intelligence (AI) technologies is poised to significantly transform the employment landscape. As machines and algorithms become increasingly capable of performing tasks traditionally done by humans, both the nature of work and the composition of the workforce are expected to undergo profound changes. While these technologies promise numerous benefits, including increased efficiency and productivity, they also raise concerns about job displacement, skill gaps, and the future of work. This article explores how automation and AI will transform employment, examining the potential impacts on various industries, the evolving skills required for the workforce, and […]

Why a proposed ‘robot tax’ could kill tech innovation, impede growth and complicate tax system

Why a proposed ‘robot tax’ could kill tech innovation, impede growth and complicate tax system

Keep taxidermists and taxmen at bay Aditya Sinha

Assistant consultant, Economic Advisory Council to PM

It’s often said that governments have a talent for taxing things. But the real jaw-dropper is when economists start cheering for more taxes. A group of economists met Nirmala Sitharaman recently for pre-budget consultations. What popped up on the agenda? The impact of AI on employment, with a proposal for a ‘ robot tax ‘ to reskill displaced workers.On the face of it, the idea sounds appealing. At its core, it’s about philosophical questions about the nature of work, economic justice and societal progress. Proponents […]

China’s Tech Leap & Its Unforeseen Future: A Peek into the Future of Tech

China's Tech Leap & Its Unforeseen Future: A Peek into the Future of Tech

China’s Tech Leap Future Glimpse Opening of a 24/7 robot factory in China raises several important issues and is a remarkable development. This innovative factory runs entirely on its own, using advanced robots and artificial intelligence to oversee production operations without the need for human participation. This signals a turning point in the manufacturing industry. The topic that needs to be addressed is how humanity will fare if robots handle everything in the future.

Effects on Human Race and Employment

The development of fully automated, 24/7 robot factories will immensely impact employment and the human race. Loss of employment […]

How Robotics is Enhancing Custom Apparel Production

How Robotics is Enhancing Custom Apparel Production

The fashion business is changing at a high speed, and technology has a significant role to play in this context. The most exciting development is the application of robotics in custom-made wear manufacturing.

Such a revolution not only improves the methods and accuracy in the industry but also brings out opportunities for innovations and environmentally friendly solutions.

The t-shirt printing industry has undergone drastic changes through the implementation of robotic technologies and has set higher and more professional standards in printing. The Integration of Robotics in Apparel Production Automated sewing in creating custom garments is not a concept for the future; […]

What Past Waves of Automation Can Teach Us About AI

What Past Waves of Automation Can Teach Us About AI

Policymakers and the public are grappling with the rise of artificial intelligence and its potential impacts on workers. Some fear massive job losses from automation while others argue these concerns are overblown, instead highlighting the potential for new job creation. Debates and anxiety around automation and jobs are not new and have occurred throughout history . In an essay from 1930, famed economist John Maynard Keynes stated, “We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to […]

The Manufacturing Sector Must Work With Technology in New Ways

The Manufacturing Sector Must Work With Technology in New Ways

iStock.com/LeonidKos In 1886, the world’s first functional automobile, the Benz Patent-Motorwagen, was unveiled. The two-seater with three wire-spoked wheels was engineered with a light chassis and a maximum speed of about 16km/h.

About 25 Patent-Motorwagen vehicles were built between 1886 and 1893, requiring critical human skills and intensive manual labor to manufacture. The Benz Patent-Motorwagen was ahead of its time and marked the beginning of a revolution that would radically transform manufacturing across industries.

This metamorphosis has led to the current era of Industry 4.0 – or digital transformation of manufacturing – in which the integration of intelligent machines, real-time workflows […]