Tag: Services

AI gives, even as it takes away jobs

AI gives, even as it takes away jobs

Image by Google Gemini Image creator, based on a prompt by Gadget. A year ago, as the hype around generative artificial intelligence (AI) was reaching a crescendo, investment bank Goldman Sachs predicted it would replace 300-million existing jobs. That was well up from the World Economic Forum’s “The Future of Jobs Report 2020,” which had said AI would replace 85-million jobs within five years. However, it tempered this forecast with the expectation of 97-million new jobs.

Clearly, such predictions are a thumb-suck, and have rightfully been derided. So, by the time the WEF produced the 2024 version, it had come […]

Elon Musk Predicts ‘Age of Abundance’ Thanks to AI — What Would That Mean for Your Paycheck?

Elon Musk Predicts ‘Age of Abundance’ Thanks to AI — What Would That Mean for Your Paycheck?

©BEN MACMAHON/EPA/REX/Shutterstock Elon Musk’s latest prediction about the future of work sounds equal parts utopian and somewhat terrifying. Speaking at an AI summit in November 2023, the eccentric billionaire claimed that advanced AI will eventually be able to “do everything” when it comes to jobs and employment .

“There will come a point where no job is needed,” he told U.K. Prime Minister Rishi Sunak. “You can have a job if you want personal satisfaction, but the AI will be able to do it all.”

Unique Jobs: How I Make $5,000 a Month in Passive Income Doing Just 10 Hours […]

Indian students have best brains, they should not worry about losing jobs to AI, says top IT college director

Indian students have best brains, they should not worry about losing jobs to AI, says top IT college director

Image creates by AI In Short

AI tools like Copilot and ChatGPT causing concerns in IT sector.

AI will create new jobs, humans needed for problem-solving. IT professionals need to upskill to adapt to AI advancements. Ever since the arrival of AI tools like Copilot and ChatGPT, the IT industry has been in a bit of a panic. Industries are undergoing significant changes, and particularly the IT sector has seen a notable impact from AI, sparking concerns about its effects on employment and workforce demands. Additionally, there have been warnings from figures like Nvidia CEO Jensen Huang, who raised […]

The Intersection of IoT and Robotics: Transforming Industries and Workforce

The Intersection of IoT and Robotics: Transforming Industries and Workforce

iot in robotics The integration of IoT in robotics is not just about connecting devices; it’s about creating intelligent systems that can adapt and learn from their environment. These interconnected robotic softwares can optimize processes, predict maintenance needs, and enhance decision-making capabilities by harnessing the power of real-time data exchange and advanced AI algorithms.

From smart factories where robots collaborate with humans to optimize production lines, to autonomous vehicles navigating city streets, the possibilities are endless. As IoRT continues to advance, it promises to revolutionize industries, unlocking new levels of efficiency, safety, and innovation in the ever-evolving automation landscape. get […]

India stares at high youth unemployment as hiring in its behemoth IT sector slows

India stares at high youth unemployment as hiring in its behemoth IT sector slows

Employees work at the headquarters of security system developer Staqu Technologies in Gurugram, India. India is struggling to bring down youth unemployment as a fall in white-collar jobs in the IT sector has left many fresh graduates and young people unemployed.

As automation and artificial intelligence adoption picks up pace, many roles in IT are becoming redundant — a phenomenon that’s not restricted to India.

Data from recruitment firm Foundit showed that online hiring activity for both hardware and software IT plummeted by 18% last year from 2022. India is facing a youth unemployment problem as a decline […]

AGI is Just ‘A Guy in India’

AGI is Just ‘A Guy in India’

Listen to this story Amazon recently decided to phase out its checkout-less grocery stores which were equipped with a ‘ Just Walk Out ’ technology. This system basically allowed customers at the store to skip the checkout process by just scanning the QR code when they entered the store.

The automated technology came with a desi-twist and wasn’t fully automated. It turns out that Just Walk Out relied on about 1,000 people in India who watched and labelled the videos. They had been doing this since mid-2022, and their job included manually reviewing transactions and labelling images and videos.

Automated technology […]

The Silent Shift: How AI Stealthily Reshapes Our Work And Future

The Silent Shift: How AI Stealthily Reshapes Our Work And Future

Robotic Automation Replacing Humans as tecchnology and Human Job Loss as employees being replaced by … [+] In the shadows of the digital age, a quiet revolution unfolds, reshaping the landscape of work with every passing moment. Artificial intelligence (AI), once the fodder of science fiction and speculative thought, now infiltrates every facet of our professional lives, often in ways so subtle that its impact goes unnoticed until it’s too late. This silent shift sees AI not just complementing human efforts but outright replacing them, leaving a trail of obsolescence in its wake. Thus, let’s delve into the stark […]

Most work is new work, long-term study of U.S. census data shows

Most work is new work, long-term study of U.S. census data shows

The majority of U.S. jobs are in occupations that have emerged since 1940, MIT research finds — telling us much about the ways jobs are created and lost.

WEBWIRE – Tuesday, April 2, 2024 Caption:Most U.S. workers are in occupations that have only emerged widely since 1940, according to a large-scale study of 80 years of U.S. census data, led by MIT economist David Autor. Credits:Image: Jose-Luis Olivares, MIT; iStock This is part 1 of a two-part MIT News feature examining new job creation in the U.S. since 1940, based on new research from Ford Professor of Economics David […]

How Will Artificial Intelligence Affect Jobs 2024-2030?

How Will Artificial Intelligence Affect Jobs 2024-2030?

Artificial Intelligence (AI) is poised to significantly impact jobs from 2024 to 2030. AI applications like automation and robots are reshaping workplaces, potentially leading to job displacement but also creating new roles that demand expertise in data analysis and machine learning . The evolving landscape may see routine tasks automated, necessitating a shift towards roles requiring technical, creative, and social skills . In the recruitment sector, AI is streamlining processes, enhancing productivity, and altering HR functions, with a projected increase in AI adoption by businesses . Specifically in software engineering, AI is expected to automate many tasks, prompting the […]

Malaysia must study displacement impact of AI on workers

Malaysia must study displacement impact of AI on workers

WILLIAM Blake, in the poem “London”, lamented that in every face he met in the city he saw “weakness” and “marks of woe.” Blake penned these thoughts at a time England was beginning its transition to the industrial revolution. While the industrial revolution paved the way for modernisation which led to the country’s economic advances and lifted many out of poverty through the creation of new jobs, it simultaneously left many out of work. The mechanisation of labour and the rise of the machine would prove to be a challenging time for the country as it rendered many worker […]