Humans And AI: Partners in Progress, Not Rivals In The Workforce?
Some experts now say that humans, with their adaptability and creativity, will provide the vision, while AI, with its tireless processing and analysis, will architect the solutions.
Are AI and humans destined to be partners, not rivals as earlier feared? Experts like Deloitte AI and Data Operations Managing Director Rohit Tandon (scroll down for the report) have started talking about how AI will augment the workforce, creating new opportunities as it automates certain tasks. This collaboration will be key to unlocking a future empowered by technology, not displaced by it.
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In Today’s Newsletter:
Jobs That Are AI-Proof
AI to Empower, Not Replace, Workforce: Deloitte MD
Rise of AI Training Jobs Marks Decline of Traditional Freelance Roles
Salesforce and IDC Study: AI-Driven Cloud Solutions to Create 1.8 Million Jobs in India by 2028
AI May Have Limited Impact on Employees in Thailand
India Inc Scrambles for AI Qualified Workers
Citigroup Report Says AI Could Affect 50% Banking Jobs
AI Will Lead to Salary Hike Feel Workers: Survey
Meta Halts AI Training Using European User Data Amid Privacy Concerns
UNESCO Warns AI Could Fuel Misinformation
Addressing Existential Risks of AI: Insights from Chinese Computer Scientist
AI Tools Could Give Cheating Students an Edge, Study Warns
Artists Sue Record Labels
If Someone Has Used Your Voice/Face On YouTube, You Can Now Ask For Its Deletion
New Survey Shows What the C-Suite May Look Like 5 Years From Now
Balancing AI Adoption with Human-Centered Approaches for Success
How Ready Is The World For AI: IMF Index Dashboard Launched
AI For Scientific Discovery' Tops World Economic Forum List
…plus ‘TopPicks” and more.
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AI Self-Replication: A Recipe for Disaster or Evolutionary Leap?
Self-replicating AI is a hot-button topic. Proponents fear an uncontrollable evolutionary race, where AI rapidly surpasses human understanding and control. An AI replicating with each iteration could become vastly more intelligent than its creators, potentially posing an existential threat.
This concern isn't unfounded. Unforeseen consequences and unintended biases can creep into AI algorithms. If such an AI were to self-replicate, these flaws would be amplified, potentially leading to catastrophic results.
However, the ability to self-improve could also be a boon. It could accelerate scientific progress, solve complex problems, and constantly optimize itself for beneficial tasks.
The key lies in careful design. Safeguards and fail-safes can be implemented to prevent uncontrolled replication and ensure AI development aligns with human values. The ultimate goal should be a collaborative future where AI augments, not replaces, human intelligence.
What do you have to say about this? Write in the “Comments” section.
Jobs That Are AI-Proof
Jobs involving complex human emotions, advanced decision-making, and creative thinking are generally safer from complete automation.
The article discusses the impact of artificial intelligence (AI) on the job market and highlights jobs that are least susceptible to automation.
Skills such as physical dexterity, spatial awareness, and on-the-spot decision-making make skilled tradespeople resistant to automation.
According to this article, embracing uniquely human skills like empathy, strategic thinking, and creativity will be crucial for thriving in an AI-enhanced world.
The report identifies skilled tradespeople, healthcare professionals, strategic decision-makers, creative professionals, and emergency responders as some of the most AI-resistant careers. It stresses the importance of developing and enhancing uniquely human skills, such as empathy, strategic thinking, and creativity, to ensure a harmonious coexistence with AI in the future job market.
Overall, the article underlines the significance of human expertise, intuition, and emotional intelligence in an AI-enhanced world.
Source: forbes.com
AI to Empower, Not Replace, Workforce: Deloitte MD
Contrary to the common narrative, AI will replace people with people, emphasized Rohit Tandon, Managing Director and AI and Insights Practice Leader at Deloitte.
He envisions a revolutionary era where technology empowers the workforce rather than replaces it. In an interview with news agency PTI, Tandon clarified that AI will not eliminate jobs but will phase out some simpler tasks and create new roles. According to him, AI will, with people, replace people... It's not just AI replacing people. Humans will still be needed in the loop, he said.
Source: businessstandard.com
Rise of AI Training Jobs Marks Decline of Traditional Freelance Roles
Apparently gen-AI is eating into freelance jobs. A recent Wall Street Journal article, for example, suggests that predictions about AI's impact on the job market are materializing. Christopher Mims of the WSJ spoke with Kelly Monahan, Managing Director of Upwork’s Research Institute, who noted a decline in freelance job postings requiring basic writing and coding skills. Conversely, there is a rise in online data processing and writing jobs aimed at training AI models, which typically offer lower pay.
The demand for these tedious roles supporting AI development is expected to persist as more companies invest in AI software. A 2023 study, updated last week and co-authored by a Harvard Business School fellow along with academics from Germany and England, supports this trend. The study found that online freelance jobs susceptible to automation, particularly those related to writing and coding, declined by 21% in the eight months following the release of ChatGPT. The authors predict that the demand for such jobs will continue to fall.
Source: quartz.com
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Salesforce and IDC Study: AI-Driven Cloud Solutions to Create 1.8 Million Jobs in India by 2028
A new study by Salesforce and IDC predicts that the increasing adoption of AI-powered cloud solutions will have a significant economic impact in India over the next four years.
The IDC Salesforce Economic Impact Study forecasts that Salesforce and its ecosystem of customers and partners in India will create a net gain of 1.8 million new jobs and generate $88.6 billion in new business revenues from 2022 to 2028.
The study defines the footprint of Salesforce and the potential of AI to create jobs and drive business impact.
The research highlights how AI is accelerating growth for the Salesforce economy globally, which is expected to create 11.6 million net new jobs and $2.02 trillion in new business revenues worldwide by 2028.
In India, 79% of companies using AI deploy AI-powered CRM solutions, while 80% use enterprise AI software platforms. Key drivers include improving employee productivity (35%), enhancing customer experience (34%), and increasing quality across products, production, supply chains, and services (29%).
Source: peoplematters.in
AI May Have Limited Impact on Employees in Thailand
Less than 4% of Thai service sector employees are at high risk of being replaced by AI, highlighting the limited impact of AI on Thai employment.
74% of Thai business leaders prioritize AI skills in candidates, with a willingness to pay at least 41% more to hire workers with AI expertise.
The increasing importance of AI skills in the Thai workforce is evident, as 92% of knowledge workers currently use AI at work and 90% of leaders prefer candidates with AI skills over those with more work experience.
Source: thailandbusinessnews.com
India Inc Scrambles for AI Qualified Workers
India Inc. is facing a significant shortage of workers with AI skills, with over 56% of recruiters citing a lack of knowledge or training as a critical barrier to AI adoption.
AI-driven tools are being increasingly integrated into recruitment processes, with major improvements reported in faster candidate screening, enhanced candidate-job matching, and reduced hiring bias.
Companies are optimistic about integrating AI, with 75% indicating a very high likelihood of adoption, and are leveraging AI tools to enhance candidate experience, brand engagement, and overall recruitment efficiency.
A survey revealed that while over half of recruiters are prepared for AI adoption, a significant number also cite a lack of knowledge and training as a major barrier. The use of AI tools in HR tech, especially for candidate sourcing, is widespread, and companies are reporting improvements in efficiency, accuracy, and reduction of hiring bias.
There is strong confidence in the effectiveness of AI in initial candidate evaluations, and a high likelihood of AI adoption. Additionally, companies are leveraging AI tools to enhance the candidate experience and brand engagement. The integration of AI is seen as a significant opportunity to improve hiring outcomes and transform the role of recruiters.
Source: economictimes.com
Citigroup Report Says AI Could Affect 50% Banking Jobs
The banking industry faces significant job displacement and potential augmentation due to the adoption of AI, with automation impacting back-office functions, customer service, and compliance roles.
A new report by Citigroup predicts that 54% of banking jobs are at risk of AI-led displacement, with an additional 12% potentially being augmented by AI. The report also identifies other high-risk sectors for job displacement, such as insurance, energy, and capital markets.
Citigroup estimates a potential 9% growth in the global banking sector's profit pool, amounting to around $170 billion, resulting from the adoption of AI.
The report says while AI may lead to job losses, it also creates opportunities for new roles focused on developing, implementing, and managing AI systems, emphasizing the importance of reskilling and staying updated on AI trends in the banking industry.
Source: forbes.com
AI Will Lead to Salary Hike Feel Workers: Survey
A PwC study shows workers are optimistic about AI, expecting it to enhance their salaries, job security, and efficiency, despite industry warnings of job obsolescence.
According to the survey, 49% of workers think AI will enhance their salaries, and 50% believe it will improve their job security within the next year. Furthermore, nearly two-thirds expect AI to boost their work efficiency.
Source: fortune.com
Meta Halts AI Training Using European User Data Amid Privacy Concerns
Meta Platforms has decided not to use data from European Instagram and Facebook users to train its artificial intelligence models in the near future. However, the company is already utilizing information from US accounts to enhance its chatbot's capabilities.
Meta initially planned to update its privacy policy on June 26 to allow the training of its AI models using publicly shared data from accounts based in the European Union and the UL. This announcement led to user complaints on social media, with some offering incorrect advice on how to prevent data sharing. The backlash from regulatory agencies prompted Meta to pause these efforts indefinitely in the region.
Source: indiatvnews.com
UNESCO Warns AI Could Fuel Misinformation
A United Nations agency has issued a warning that advancements in artificial intelligence may lead to a new wave of Holocaust denial.
In a report, UNESCO concluded that AI could facilitate the spread of false and misleading claims about the Holocaust online. This could occur due to flaws in AI programs or because hate groups and Holocaust deniers might deliberately use AI to generate content that falsely questions the murder of Jews and other groups by the Nazis.
Source: apnews.com
Addressing Existential Risks of AI: Insights from Chinese Computer Scientist
Zhang Hongjiang, a prominent computer scientist and senior executive, is one of China's leading voices on the safe development of artificial intelligence. After earning his PhD in Denmark, he worked in Singapore and Palo Alto, California, USA. He returned to China in the early 2000s to help establish Microsoft Research Asia and later built Kingsoft into a leading software company.
Jhang has dedicated significant effort to raising awareness within the research community, industry, and government about the broader risks of AI beyond the commonly discussed issues of fake news, bias, and misinformation— examples of AI misuse.
The more substantial potential risk lies in existential threats, according to him. The challenge is designing and controlling future, more powerful AI systems to ensure they remain under human control.
Jhang says an AI system should never have the ability to replicate and improve itself. This restriction is crucial because if a system can reproduce and enhance itself, it could become uncontrollable.
Another red line is deception. AI systems should never possess the capability to deceive humans, according to Jhang.
Source: ft.com
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AI Tools Could Give Cheating Students an Edge, Study Warns
Students might use artificial intelligence tools to cheat in exams and achieve higher scores than their non-cheating peers, scientists have warned following a study on AI's potential impact on the educational sector.
Researchers at the University of Reading in the UK discovered that human examiners could not differentiate between AI-generated answers to real-life university exam questions and those written by actual students. In some cases, the examiners even awarded higher grades to the AI-generated answers.
Source: telegraphindia.com, bbc.com
Artists Sue Record Labels
The world's biggest record labels are suing two AI startups, Suno AI and Uncharted Labs Inc., for allegedly using copyrighted sound recordings to train their AI models.
The lawsuits highlight the record labels' aggressive stance in protecting their intellectual property against AI technology that can easily generate music based on existing songs.
The legal action, filed by the Recording Industry Association of America on behalf of Universal Music Group, Warner Music Group, and Sony Music Entertainment, underscores the growing concern over unauthorized use of copyrighted music in AI-generated content.
The world's largest record labels have filed lawsuits against two artificial intelligence startups, Suno AI and Uncharted Labs Inc., for developing technology that uses copyrighted music to generate new songs. The lawsuits, filed by the Recording Industry Association of America on behalf of Universal Music Group, Warner Music Group, and Sony Music Entertainment, claim that the AI companies are unlawfully using copyrighted sound recordings to train their AI models.
Source: bloomberg.com
If Someone Has Used Your Voice/Face On YouTube, You Can Now Ask For Its Deletion
YouTube is expanding its privacy protection feature to allow users to request the removal of AI-generated or synthetic content that simulates their face or voice.
Users can fill out an online form to report the issue, and YouTube will evaluate the requests based on various parameters. The platform will also introduce disclosure labels to identify altered or synthetic media, as part of significant measures unveiled last year. The company aims to enable this process in the coming months.
Source: YouTube
New Survey Shows What the C-Suite May Look Like 5 Years From Now
A generational shift is upon the C-suite, with a new wave of leaders prioritizing data, artificial intelligence (AI), and a more holistic approach to transformation and diversity.
A new survey of 1,000 working professionals between 25 and 45 years old, conducted by the Chicago, US-based business consultant firm "West Monroe" indicates how the executive landscape is expected to evolve in the next five years.
The survey revealed a surprising outlook on the roles of Chief Transformation Officer (CTO) and Chief Diversity Officer (CDO). Nearly a third (29%) of respondents believed the CTO role would be phased out, with its responsibilities becoming integrated across the C-suite.
Similarly, 13% anticipated a decline in prominence for the CDO role, as Diversity, Equity, and Inclusion (DEI) efforts became more ingrained within organizations.
"We don’t believe these choices mean the next generation of C-suite leaders will stop transforming their organizations — or no longer care about diversity. In fact, the opposite: While these roles may be phased out, their purpose and function will be more ubiquitous throughout organizations", says the report.
AI and Data Take Center Stage
The survey highlights a surge in the importance of data-driven decision making and AI adoption.40% of respondents believed the Chief AI Officer (CAIO) role would see the most significant rise in influence, followed by the Chief Information/Data Officer (CIDO) at 11%.
Says the report: While AI is the big thing right now, it is not the only thing. Organizations are learning that winners and losers in any industry will be determined by who is the best at gathering, analyzing, and leveraging data. Data-driven business operations are on the rise, and at this moment organizations believe this responsibility – that of a Chief Information/Data Officer – will become more essential.
The Fate of the Chief Digital Officer Up in the Air
The survey produced a fascinating wrinkle: the CDO role landed in the top three for both - positions most likely to disappear AND grow in importance. This inconsistency reflects the diverse nature of the CDO role, with responsibilities varying significantly between companies.
"The need for a CDO depends on an organization's digital maturity," according to the report. "For some, the CDO is crucial to drive digital transformation, while others may have integrated digital initiatives throughout their operations."
The Overall Takeaway?
The C-suite is in for a makeover. The will be on harnessing data and AI alongside a more holistic approach to transformation and diversity. While specific roles may evolve or merge, the core functions will remain essential for navigating the modern business landscape.
Source: westmonroe.com
Balancing AI Adoption with Human-Centered Approaches for Success
The promise of AI is alluring—optimized productivity, lightning-fast data analysis, and liberation from mundane tasks. Both companies and workers are captivated (and somewhat astounded) by how these tools enable them to accomplish more and perform better at unprecedented speeds. AI has demonstrated its capability to match or surpass human performance in various tasks, from analyzing legal documents to forecasting sales and screening job candidates. As a result, many companies now view the failure to adopt AI as their biggest risk. Recent data indicates that 35% of global companies are using AI, and the global AI market is projected to reach $1.85 trillion by 2030.
However, in their eagerness to stay competitive and achieve efficiency gains through AI deployment, many organizations have overlooked their most crucial asset—the humans whose jobs are being fragmented into increasingly automated tasks. From a human-centered perspective, this trend is concerning, as prioritizing technology over people can lead to reduced job satisfaction, motivation, and mental well-being. To ensure the success and viability of AI adoption projects, it's essential to prioritize humans first and AI second.
Source: hbr.org
How Ready Is The World For AI: IMF Index Dashboard Launched
The International Monetary Fund (IMF) has unveiled a comprehensive "Artificial Intelligence Preparedness Index Dashboard", revealing a stark divergence in AI readiness across 174 economies.
The dashboard, which assesses digital infrastructure, human capital, labor policies, innovation, integration, and regulation, highlights the potential of AI to boost productivity and economic growth while also posing significant risks to jobs and exacerbating global inequality.
The AI Paradox: As per an earlier IMF report, while AI promises to enhance job productivity and create new industries, it also threatens to displace up to 33% of jobs in advanced economies and 18% in low-income countries. The IMF’s research underscores the paradox of AI as both a tool for economic advancement and a catalyst for inequality.
Inequality Among Nations: The disparity in AI preparedness between wealthier and low-income countries is evident, with the former better equipped to harness AI benefits. This gap underscores the urgent need for emerging market and developing economies to invest in digital infrastructure and workforce training to avoid worsening global inequality.
Policy Recommendations: The IMF advises advanced economies to expand social safety nets, prioritize AI training for workers, and strengthen global regulation to mitigate AI risks. For emerging markets, laying a strong digital foundation is paramount.
The AI Preparedness Index Dashboard serves as a critical resource for policymakers to navigate the AI landscape and ensure its benefits reach all segments of society.
Source: imf.org
AI For Scientific Discovery' Tops World Economic Forum List
The World Economic Forum has just released its "Top 10 Emerging Techs Of 2024" and AI for Scientific Discovery is No:1 on it.
According to the WEF, although artificial intelligence (AI) has long been a part of research, recent advancements in deep learning, generative AI, and foundation models are transforming the scientific discovery process.AI empowers researchers to make groundbreaking connections and advancements in understanding diseases, proposing new materials, and deepening knowledge of the human body and mind.
Privacy-Enhancing Technologies
Privacy-enhancing technologies is no: 2 on this new list. They, says the WEF, are poised to protect personal privacy while opening up new opportunities for global data sharing and collaboration."Synthetic data" is at the forefront of this transformation, offering powerful applications in health-related research and revolutionizing how information is managed.
Source: weforum.org
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Tech Giants’ Retreat: Misinformation Metrics Vanish Amid Profit Motives
In the battle against online misinformation, the situation appears dire. A W Ohlheiser, a seasoned technology reporter, delves into the persistent issue of internet falsehoods, from election fabrications to health myths. Despite efforts to combat this digital epidemic, the tools for measuring misinformation's reach are vanishing, with platforms like TikTok and Meta removing key metrics. The upcoming closure of CrowdTangle and private "likes" on social platforms further obscure the data, leaving researchers and journalists in the dark.
The financial incentives of social media companies complicate matters. Platforms profit from engagement, and stringent measures against misinformation could undermine their business models. The reluctance to address the spread of disinformation is evident, with Meta scaling back content moderation teams and rolling back pandemic-era rules.
As Ohlheiser's final newsletter piece suggests, the commitment of tech giants to this cause is questionable. While some initiatives show promise, like prebunking election misinformation, the overall trend indicates a retreat from the misinformation battleground. The consequences are real, claims the author, with those targeted by falsehoods suffering tangible harm.
Source: vox.com