Tag: productivity

Atayde pushes bill to protect labor vs AI

Atayde pushes bill to protect labor vs AI

At a glance

According to Atayde, a recent trip to the United States exposed him to the issues raised by Hollywood writers and artists who were concerned that the use of AI in the US film industry would result in job losses and reduced wages.

Congressman Juan Carlos Atayde and Maine Mendoza Quezon City’s first district Congressman Juan Carlos “Arjo” Atayde said the presence of Artificial Intelligence (AI) should be used to empower the productivity of Filipino workers all over the country — and not to replace them.“Artificial intelligence (AI) should be used to enhance the productivity of […]

House bill seeks to prevent workers from losing jobs to AI

House bill seeks to prevent workers from losing jobs to AI

AI vital to companies if used properly, say execs MANILA, Philippines — A bill prohibiting employers from using artificial intelligence (AI) to replace human workers is being advanced by Rep. Arjo Atayde.

In a statement on Friday, Atayde said that AI must be used to empower workers.

“Artificial intelligence should be used to enhance the productivity of workers—not replace them,” Atayde said.Atayde authored House Bill No. 9488 or the “Protection of Labor Against AI Automation Act.”Atayde said that while AI could enhance productivity and efficiency, the measure seeks to address fears that the technology would cause the displacement of workers.“The use […]

Top AI statistics and trends of 2023

Top AI statistics and trends of 2023

In 2022, the global AI market size was valued at 136.55 billion dollars and is expected to rise exponentially in the coming years, supported by increasing AI investments, digital disruption and competitive advantages in this rapidly growing economy. Image Alt The year 2023 is when the applications of Artificial Intelligence start attaining the mainstream touch. From chatbots to generative AI, it is believed to be the year when talks around technology have increased amongst global authorities. Let’s delve into some of the key AI statistics and trends in 2023. The global AI market size

In 2022, the global […]

AI chatbots will become smart enough to be your coworker

AI chatbots will become smart enough to be your coworker

Comment Large language models will evolve from AI chatbots generating synthetic content on your screen to virtual agents that are capable of performing actions on your computer.

Instead of answering questions or creating animated stickers, AI will soon be able to follow instructions and help you execute tasks. A new wave of AI agent startups are building products that can automate work.

Some, like Lindy, are building next-generation personal assistants that CEO Flo Crivello envisions doing all the tedious administrative chores that suck up people’s time. "People are always worried that robots are stealing people’s jobs. I think it’s people who’ve […]

Beyond the Machine: Understanding the Surprising Dynamics of Automation and Employment

Beyond the Machine: Understanding the Surprising Dynamics of Automation and Employment

Beyond the Machine: Understanding the Surprising Dynamics of Automation and Employment

Neil Anderson

· Follow 3 min read·6 hours agoAs technology continues to progress at an unprecedented pace, we’re faced with a compelling paradox that calls into question our assumptions about automation and its influence on the job market. Despite the widespread belief that machines and technology would replace human labour, the reality has unfolded quite differently, leading to a surprising increase in certain job sectors, such as bank tellers, despite the advent of ATMs. This phenomenon sparks an intriguing discussion about the resilience and adaptability of human […]

How does AI affect employment in different industry?

How does AI affect employment in different industry?

AI has a significant impact on employment in different industries. It has the potential to automate repetitive tasks and improve efficiency and accuracy, leading to job losses in some areas but also creating new employment opportunities in technology and AI-related sectors [1] . The integration of AI technology in manufacturing industries affects the employment structure, with different impacts on segmented manufacturing enterprises [2] . Service sector jobs are particularly at risk from AI, but it also offers opportunities for improving service provision and enhancing consumer engagement [3] . The impact of AI on employment is debatable, with concerns about […]

Solved Question: In an economy facing a substantial increase | Chegg.com

Solved Question: In an economy facing a substantial increase | Chegg.com

You’ll get a detailed solution from a subject matter expert that helps you learn core concepts.

See Answer Question: Question: In an economy facing a substantial increase in automation across various industries, what is the most likely short-term impact on wage growth for middle-skilled workers? A. A significant increase in wage growth due to enhanced productivity from automation. B. A stagnation or decrease in wage growth for middle-skilled workers due to reduced demand

Question: In an economy facing a substantial increase in automation across various industries, what is the most likely short-term impact on wage growth for middle-skilled workers? […]

Digital Payment Giant ‘PAYTM’ lays off over 1000 employees; implements AI automation tech

Digital Payment Giant 'PAYTM' lays off over 1000 employees; implements AI automation tech

BANK NEWS Seeing the AI craze, where companies are finding solutions with Artificial Intelligence in their operations, some people are suffering from job loss.

New Delhi: Paytm, one of India’s leading digital payment platforms, has recently made headlines with its decision to lay off over 1000 employees. The move comes as the company implements AI automation technology to streamline its operations and improve efficiency. While this development showcases Paytm’s commitment to innovation and growth, it also raises questions about the impact of automation on job security. In this article, we will delve into the reasons behind the layoffs […]

Role relevance in the face of AI revolution

Role relevance in the face of AI revolution

Visitors are watching a robot make marshmallows at the 2023 World Intelligent Manufacturing Conference in Nanjing, Jiangsu Province, China, on December 6, 2023. PHOTO | AFP In the early stages of the digital revolution, the most apparent impact was on manufacturing jobs. Automation, spearheaded by robotics and computerisation, began replacing human labour in tasks that required precision and repetitiveness. This shift was driven by the need for increased efficiency, cost reduction and error minimisation.

In the automotive sector, for instance, robots revolutionised assembly lines. An example is General Motors (GM), where robots were employed for welding and painting tasks, significantly […]

Navigating the Future: Rethinking job profiles and work-life balance in 2024

As we step into the new year, 2024, the landscape of the job market is set for transformation, calling for a radical shift in the way we perceive and structure our professional lives. Amidst the myriad changes brought about by technology, a key aspect demanding attention is the redesign of job profiles and titles. Many argue that the archaic nomenclatures and roles of yesteryears simply don’t align with the demands of the modern workplace.

"In my opinion, it should be the redesign of job profiles and titles. The old ones don’t make any sense! We need to look at the […]