AI: A Double-Edged Sword For IT
The IT industry stands at a crossroads, and how it navigates this transition will determine its success in the AI era.
The coming impact of artificial intelligence (AI) on the information technology (IT) industry is fascinating. The impending AI revolution is set to reshape the IT landscape dramatically. A new report which I’ve to referred to later in this newsletter shows a staggering 92% of IT roles on the brink of transformation. While this may sound alarming, it's essential to view it as an opportunity rather than a threat. The demand for new skill sets like AI ethics, responsible AI, and LLM architecture indicates a shift towards higher-value, strategic roles. However, the challenge lies in upskilling the existing workforce to bridge the gap between current capabilities and future demands. The IT industry stands at a crossroads, and how it navigates this transition will determine its success in the AI era.
In Today’s Newsletter:
Over 190 Generative AI Models Registered in China, Serving 600 Million Users
UAE Paves Way for AI Leadership with Bold Initiatives and Strategic Investments
TCS CTO Highlights AI’s Role in Enhancing Workforce Productivity
Highest Paying AI Jobs For Freshers
How AI Is Being Used In Filing Job Applications
AI to Transform 92% of IT Jobs, Says Inaugural Report from AI-Enabled ICT Workforce Consortium
Lawmakers Slow to Address AI-Driven Job Losses Amid Rising Workforce Displacement Concerns
Top 7 Essential Skills for Building a Successful Career in Artificial Intelligence
ML Offers Promising Career Opportunities
Local US Reporter Resigns After Being Caught Using AI to Write Stories and Fabricate Quotes
Landmark Lawsuit Against AI Art Generators Advances in US Court
EU Leads Global Efforts with Pioneering Artificial Intelligence Act to Address AI Risks
Is AGI Around The Corner?
Embedding Regulation into AI Design Could Revolutionize Risk Management, Says Expert
Study Reveals New Insights into the Traits of the 'Ideal' Computer Science Student, Challenging Old Stereotypes…
….plus, “Top Picks” and more.
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Over 190 Generative AI Models Registered in China, Serving 600 Million Users
More than 190 generative AI service models have been registered with China's regulator and are now available for public use, according to Zhuang Rongwen, chief of the Cyberspace Administration of China. In an interview with news agency Xinhua, Zhuang noted that these models have attracted over 600 million registered users, reflecting the rapid and orderly growth of related technologies and applications.
Source: englishnews.cn
UAE Paves Way for AI Leadership with Bold Initiatives and Strategic Investments
The UAE is swiftly emerging as a hub for tech innovation, particularly for AI and blockchain companies. Last month, the Dubai Center for Artificial Intelligence was inaugurated to assist government departments in effectively utilizing AI. In an interview with The Media Line, Raghav Reggie Jerath, founder and CEO of the Dubai-based tech firm Hydro Online said the government is highly forward-thinking, making significant investments in technology infrastructure, and implementing favorable regulations and initiatives to attract tech talent and create a thriving environment for startups.
Source: medialine.org
TCS CTO Highlights AI’s Role in Enhancing Workforce Productivity
In an interview with CNBC-TV18, Harrick Vin, Chief Technology Officer at Tata Consultancy Services (TCS), discussed the growing impact of artificial intelligence (AI) on the workforce. Vin stressed that AI should be seen as a tool for augmentation rather than replacement, explaining, "AI will enable people to perform their tasks much better than they do today."
He highlighted that AI is set to boost productivity and allow employees to provide greater value to their customers. In call centers, for example, AI will transform customer interactions by automating tasks like summarizing call transcripts and analyzing sentiment. This will give agents better contextual awareness, enabling them to respond more efficiently and proactively anticipate customer needs, thereby shifting the focus from merely handling complaints to enhancing overall customer success.
Source: cnbctv18.com
Highest Paying AI Jobs For Freshers
Here are some of the highest-paying jobs for freshers in AI.
Source: analyticsinsights.net
How AI Is Being Used In Filing Job Applications
Around 50% of job seekers are using AI, leading to higher volume but lower quality applications and CVs.
Employers are noticing tell-tale signs of AI usage in applications, prompting some to crack down on its use in the recruitment process.
Despite job seekers using AI to enhance their resumes, there is a growing concern that AI may eventually replace human workers.
Source: readwrite.com
AI to Transform 92% of IT Jobs, Says Inaugural Report from AI-Enabled ICT Workforce Consortium
To understand the impact of AI on the technology labor market, the newly formed AI-Enabled ICT Workforce Consortium has released its first report, titled “The Transformational Opportunity of AI on ICT Jobs.” The report reveals that 92% of IT jobs will undergo significant or moderate transformation due to AI advancements.
According to the study, mid-level (40%) and entry-level (37%) technology jobs will experience the most change as certain skills and capabilities shift in relevance. In this new landscape, AI ethics, responsible AI, rapid engineering, AI literacy, and large language model (LLM) architecture are expected to grow in importance. Meanwhile, traditional skills such as data management, content creation, documentation maintenance, basic programming, and research information are likely to become less relevant.
Source: cio.com
Lawmakers Slow to Address AI-Driven Job Losses Amid Rising Workforce Displacement Concerns
Despite growing concerns about AI-driven job displacement, lawmakers across the US have taken limited action to mitigate the impact on the workforce. According to this report, this year, Illinois and Tennessee passed laws protecting musicians and performers from unauthorized digital replicas, while a similar bill for fashion models in New York is awaiting approval from Governor Kathy Hochul.
However, broader measures like New York's proposed "robot tax" failed to gain traction, and bills in New Jersey aimed at promoting worker retraining and rehiring are still pending consideration.
While AI-related legislation has been plentiful—targeting issues like deepfake pornography, election misinformation, and discrimination in automated hiring decisions—addressing AI-induced job losses seems to be a lower priority and a more challenging issue to tackle politically.
Source: bloomberglaw.com
Top 7 Essential Skills for Building a Successful Career in Artificial Intelligence
As the field of artificial intelligence rapidly expands, acquiring the right skills is crucial for securing a rewarding career. Whether you're pursuing a role in AI development, data science, or machine learning, here are the top 7 skills you’ll need to excel in this dynamic industry:
Source: moneycontrol.com
ML Offers Promising Career Opportunities
Machine learning (ML) offers promising career opportunities for both freshers and mid-career professionals across various industries.
Proficiency in programming languages, machine learning frameworks, and cloud platforms, along with strong mathematical and non-technical skills, is essential for a successful transition into machine learning roles.
The machine learning industry is experiencing a surge in demand for freelance and contractual workers, with opportunities available on platforms such as Upwork, Freelancer, and ai-jobs.net.
Source: economictimes.com
Local US Reporter Resigns After Being Caught Using AI to Write Stories and Fabricate Quotes
A reporter at a small local US newspaper has resigned after a competitor uncovered that he was using artificial intelligence to write articles and fabricate quotes. The first red flags for Powell Tribune reporter CJ Baker were unusual quotes attributed to Wyoming's governor and a local prosecutor. As he continued reading, certain phrases in the stories appeared almost robotic, raising further suspicions.
Source: msn.com
Landmark Lawsuit Against AI Art Generators Advances in US Court
Artists suing generative AI art creators have overcome a significant challenge in a groundbreaking lawsuit. The case centers on the unauthorized and uncompensated use of billions of online images to train AI systems, and a federal judge has ruled that key claims in the lawsuit can proceed.
A US federal judge allowed key copyright infringement and trademark claims to move forward in a landmark lawsuit against AI art generators, potentially implicating other AI companies.
The court's ruling could have significant implications for the use of copyrighted material in AI technology.
The court's decision to advance the artists' claims against AI companies shows a pivotal win for the artists and raises important legal questions about the use of AI models built on copyrighted works.
Source: hollywoodreporter.com
EU Leads Global Efforts with Pioneering Artificial Intelligence Act to Address AI Risks
The European Union has taken a pioneering role in addressing the risks associated with artificial intelligence. Recently, the EU's Artificial Intelligence Act came into force, marking the first comprehensive law globally designed to manage AI risks. This legislation offers valuable lessons for Australia and other nations as they strive to ensure that AI is both safe and beneficial for all.
As governments worldwide wrestle with how to regulate this rapidly advancing technology, they face a dual challenge. On one hand, AI has the potential to boost national economies and streamline everyday tasks. On the other, it poses significant risks, including AI-enabled crime and fraud, the spread of misinformation, increased public surveillance, and the potential for further discrimination against already disadvantaged groups.
Source: theconversation.com
Is AGI Around The Corner?
Researchers are set to fast-track the development of artificial general intelligence (AGI) through a global network of powerful computers, starting with a new supercomputer coming online in September.
Unlike general AI (gen-AI), AGI is a theoretical system that would surpass human intelligence across various disciplines, capable of self-learning and improving its decision-making as it processes more data.
The supercomputers, designed by SingularityNET, will create a "multi-level cognitive computing network" to host and train the architectures necessary for AGI, according to company representatives.
Source: livescience.com
Embedding Regulation into AI Design Could Revolutionize Risk Management, Says Expert
What if we could embed regulatory objectives directly into the technical design of AI systems?" posed Robert Mahari during his keynote on Regulation by Design at the 2024 MIT IDE Annual Conference. Robert, who earned a JD from Harvard Law School in 2022 and is now a PhD candidate at MIT Media Lab under professor Alex 'Sandy' Pentland, highlighted this innovative approach.
Compliance and regulation by design offer a risk-management paradigm that is uniquely suited for AI, according to Robert.
This intriguing concept has the potential to address several complex challenges in the AI landscape.
Source: medium.com
Study Reveals New Insights into the Traits of the 'Ideal' Computer Science Student, Challenging Old Stereotypes
Researchers from the University of Reading, in collaboration with King's College London, have provided a more nuanced perspective on what defines an 'ideal' computer science student. Their findings challenge long-standing stereotypes of the field's typical image: geeky, highly intelligent, detail-oriented men with limited social skills.
Source: sciencedaily.com
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