🤖 AI Won’t Take Our Jobs (Yet)

#NP 025

Good morning and welcome to the latest edition of neonpulse!

Today’s issue is all about the big question: Will AI take our jobs or not?

AI Won’t Take Our Jobs (Yet)

Since the launch of ChatGPT, artificial intelligence has been the talk of the town. What can it do? What can’t it do? It’s clear that the answer is: it can do a lot.

That raises a big question: will AI take our jobs?

OpenAI has shown that its best model, GPT-4, is better than most people at a lot of things. For example: it scored in the 10th percentile of uniform bar exam takers. But at the same, the world’s leading AI company does not think AI will take our jobs just yet. CEO Sam Altman has said that “AI is very good at doing tasks, but terrible at doing whole jobs, for now”.

And now, we have new reason to believe that many companies still value the contribution of human beings in the workforce, further alleviating concerns that AI will completely replace human roles.

A recent study conducted by software company Workday, involving 1,000 global business decision-makers, sought to explore the benefits, challenges, and opportunities presented by artificial intelligence. The results showed that a staggering 93% of business leaders in the UK and Ireland believe that humans should be involved in AI decision-making.

This finding underscores the belief that AI and machine learning have the potential to enhance productivity and efficiency, acting as tools that assist humans rather than displacing them.

However, not all aspects of AI implementation are viewed with equal confidence. Less than one-third (29%) of the respondents expressed confidence in the ethical application of AI and machine learning within their businesses. This highlights the need for considerable progress before the widespread adoption of AI, allowing workplaces to adapt and evolve accordingly.

In essence, the fear of a sudden and drastic change is unlikely to materialize, as it will take time to address ethical concerns. Nonetheless, 52% of the participants believe that these concerns can be resolved within the next five years.

Security is another factor that raises concerns among businesses. Almost half (48%) of the surveyed companies expressed worries about the security implications of AI. While companies like Microsoft and OpenAI are working on developing AI helpers that prioritize data privacy, these solutions may initially be accessible only to larger enterprises.

From a human perspective, the study paints an optimistic outlook for workers. It suggests that the AI revolution presents an opportunity for the development of new skills, potentially leading to an increase in job openings rather than a decline. In other words, the impact of AI remains uncertain, but Workday is not alone in predicting exciting new possibilities.

Will AI take out jobs within 2 years?

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And now your moment of zen

Source: Bob Moss.

That’s all for today folks!

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