Tag: productivity

Unregulated AI Will Worsen Inequality, Warns Nobel-Winning Economist Joseph Stiglitz

Unregulated AI Will Worsen Inequality, Warns Nobel-Winning Economist Joseph Stiglitz

US economist and recipient of the Nobel Prize in Economic Sciences Joseph E. Stiglitz, photographed in Paris, September 2022. Credit: For the first time since the 1960s, Hollywood writers and actors are on strike concurrently. One of the joint movement’s inspirations is generative artificial intelligence—the term for programs that produce humanlike text, images, audio and video more quickly and cheaply than artists. The strikers fear studios’ use of generative AI tools will replace or devalue human labor. This is a reasonable worry: one report suggests that thousands of jobs have already been lost to AI , while another estimates […]

Study: Generative AI Could Add Trillions to Global Economy

Study: Generative AI Could Add Trillions to Global Economy

A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and published June 14, 2023, analyzes the impact AI tools like Chatgpt could have across sectors. McKinsey & Company Study: ‘Generative AI Is Poised to Unleash the Next Wave of Productivity’

The consulting firm McKinsey & Company estimates generative AI could add $2.6 to $4.4 trillion in global value per year by enhancing productivity across 63 different use cases. This would increase AI’s overall contribution to the […]

A Georgetown Professor Predicts How AI Could Change the Workplace

A Georgetown Professor Predicts How AI Could Change the Workplace

Alberto Rossi. Photograph by Magdalena Papaioannou. We’ve been as curious about artificial intelligence as everyone else, so recently we asked ChatGPT to recommend a DC-based AI expert we could interview. The tool quickly generated a promising list, including the Center for Artificial Intelligence and Society at the University of Maryland and the Future of Humanity Institute at GW. But when we dug a little further, our initial optimism disappeared. Those centers exist, more or less, but they’re at USC and Oxford, not local universities. ChatGPT had given us incorrect information.

So we turned to a more old-fashioned method—Google—and soon arrived […]

Effects of Workforce Changes in the United States by 2030

Effects of Workforce Changes in the United States by 2030

A recent study by the McKinsey Global Institute predicts that around 12 million American workers may need to switch jobs by the year 2030. The rise of artificial intelligence (AI), an aging population, and the impact of e-commerce on employment are the key factors driving this shift.

Unlike the voluntary job changes observed during the “Great Resignation,” the study suggests that approximately 11.8 million workers will be compelled to change careers out of necessity rather than choice. Out of these workers, around nine million individuals may have to transition to entirely different industries.

The study identifies four categories where job levels […]

How you can future-proof your career in the era of AI

How you can future-proof your career in the era of AI

You may find yourself working alongside AI, not necessarily replaced by it. Ever since the industrial revolution, people have feared that technology would take away their jobs. While some jobs and tasks have indeed been replaced by machines, others have emerged . The success of ChatGPT and other generative artificial intelligence (AI) now has many people wondering about the future of work – and whether their jobs are safe.

A recent poll found that more than half of people aged 18-24 are worried about AI and their careers. The fear that jobs might disappear or be replaced through automation is […]

4 careers where workers will have to change jobs by 2030 due to AI and shifts in how we shop, according to a McKinsey study

4 careers where workers will have to change jobs by 2030 due to AI and shifts in how we shop, according to a McKinsey study

Applicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022. Nearly 12 million US workers may need to switch jobs by 2030, a McKinsey study found.

Lower-wage workers are projected to be 14 times more likely to be impacted.

Here are the jobs could face the biggest disruptions. Nearly 12 million Americans in occupations with shrinking demand may need to switch jobs by 2030.That’s according to a new McKinsey Global Institute study that examined how the rise of AI and other factors like an aging population and […]

OpenAI CEO: AI will eliminate jobs despite perks

OpenAI CEO: AI will eliminate jobs despite perks

Despite the potential to boost productivity, AI will make many jobs redundant, says the man who played a key role in the creation of ChatGPT. While generative artificial intelligence (AI) technologies such as ChatGPT could boost productivity for many employees in the years ahead, others could potentially lose their jobs, said Sam Altman, the CEO of OpenAI, the company responsible for ChatGPT.

In an interview with The Atlantic , Altman pushed back on the idea that the AI boom would have only a positive impact on employees. “A lot of people working on AI pretend that it’s only going to […]

AI and Employment: Accepting Automation or Fear of Job Losses?

AI and Employment: Accepting Automation or Fear of Job Losses?

Photo by Jackson Sophat on Unsplash As Artificial Intelligence (AI) continues to advance, the intersection of technology and the job market has become a focal point of debate and concern. While AI offers the promise of increased efficiency and productivity, it also raises questions about the potential displacement of human workers. As we navigate the delicate balance between embracing automation and addressing fears of job losses, it is crucial to explore the multifaceted impact of AI on the job market. This article investigates the implications of AI on employment, incorporating insights from economists, AI developers, and workers from various […]

ChatGPT Creator Warns: Some Jobs Will Disappear Despite AI’s Benefits

ChatGPT Creator Warns: Some Jobs Will Disappear Despite AI’s Benefits

The advent of generative artificial intelligence technology (exemplified by ChatGPT), has been hailed for its potential to boost productivity and improve the quality of life for many workers.

However, Sam Altman, the CEO of OpenAI , the company behind ChatGPT, cautions against the notion that the rise of AI will only have a positive impact on the workforce — In fact, Altman believes that some jobs will undoubtedly be displaced, leading to concerns about the future of work and how displaced workers will fare in this rapidly changing landscape. The Promise of AI for Workers Generative artificial […]

Will architects really lose their jobs to AI?

Will architects really lose their jobs to AI?

Will architects really lose their jobs to AI?

As part of our AItopia series exploring how AI will impact architecture and design, Dezeen examines whether the technology will end up taking architects’ jobs.

In 2019, New York-based designer Sebastian Errazuriz caused a stir with his claim that 90 per cent of architects could lose their jobs to machines .Four years on, following the emergence of several generative-AI models such as Midjourney and ChatGPT , Errazuriz is writing a book about AI’s impact on society and told Dezeen his opinion has not changed."It’s an enormous issue that we need to […]