AI ... Emergence of AI ... Impact of AI on global economy... People opinion on emergence of AI divided globally , majority of them believes AI will create more unemployment almost 40 to 60% of existing jobs at risk after emergence of AI globally. While , rest of them belives AI will help to boost productivity & create new opportunities in jobs market. Must read this article on emergence of AI & It's impact on global economy...👇👇
Kumar Saurabh 🇮🇳’s Post
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AI: Revolutionising Productivity or Threatening Jobs? 🚀 The AI Index report reveals intriguing insights into AI's economic impact. While some predict AI will drive productivity improvements, the full extent remains uncertain. A major concern is the potential for significant labour displacement—how much will jobs be automated versus augmented by AI? Here's a snapshot of the key findings: - Productivity Boost: AI promises significant productivity enhancements. Labour Displacement: The balance between job automation and augmentation is still unclear. - Investment Trends: Certain regions are seeing more AI investment, especially in natural language processing and data management. Generative AI Boom: Despite a decline in overall AI private investment, funding for generative AI surged, nearly octupling to $25.2 billion. Major players like OpenAI and Hugging Face are leading the charge. - Corporate Adoption: Companies are rapidly adopting AI across industries. The AI Index report, drawing on data from sources like Lightcast, LinkedIn, and McKinsey, also explores AI-related occupations, corporate investment, and AI’s projected economic impact. 🔍 What do you think? Will AI be a boon for productivity or a challenge for the workforce? . #AI #Productivity #Automation #GenerativeAI #EconomicImpact #CorporateInvestment #FutureOfWork #AIIndexReport
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What jobs will be impacted by AI? I know that many have a negative view of the IMF. They produced a fascinating report about the future of jobs and AI. #ai #jobs #future https://lnkd.in/eHsdj52c
Gen-AI: Artificial Intelligence and the Future of Work
imf.org
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ai-Fu Lee, chairman of Sinovation Ventures, made a bold prediction in 2017 that AI would surpass previous technological revolutions combined. He forecast that AI could potentially replace 50% of human jobs within a decade. In 2024, Lee affirmed the accuracy of his prediction, noting the rapid advancement of AI and its significant implications for job markets. He highlighted that white collar professions are particularly affected by AI's impact. Lee emphasized the need to embrace AI as a tool for productivity and innovation. He urged a shift in mindset towards leveraging AI alongside traditional skills in education and career planning. By adopting this approach, individuals can harness the power of AI to enhance their abilities and stay relevant in an increasingly automated workforce. Lee's prediction serves as a wake-up call to prepare for the future of work and harness the potential of AI. . . . #KaiFuLee #AI #Prediction #tribunetrends
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ARTIFICIAL INTELLIGENCE: THE MOST IMPORTANT TECHNOLOGICAL INNOVATION OF OUR TIME. In the dynamic world of technology, artificial intelligence (AI) stands out as the most transformative innovation of our time. AI not only improves processes and products, but also creates new possibilities that were previously unimaginable. Its ability to learn and adapt makes it an extremely versatile and powerful tool. Social value of AI AI is revolutionizing key sectors such as healthcare, education, and sustainability. In healthcare, AI algorithms can diagnose diseases more accurately and quickly, improving the quality of life for millions of people. In education, personalized learning platforms are making education more accessible and effective. And AI is contributing to sustainability by optimizing resource use and reducing environmental impact. The economic value of AI. From an economic perspective, AI is driving efficiency and productivity across industries. Companies are using AI to automate repetitive tasks, improve decision-making, and optimize the supply chain. This not only reduces costs, but also opens up new opportunities for business and economic growth. An unprecedented innovation AI is an unprecedented technological innovation because it not only improves existing processes and products, but also creates new ones. Its ability to learn and adapt makes it an extremely versatile and powerful tool. Impact on the labor market and income inequality. But AI also poses significant challenges. Automation can affect the structure of the labor market and the distribution of income. It is critical that public policy and business work together to mitigate these effects and ensure a just transition to an AI-driven economy. In short, artificial intelligence is a technological innovation that is changing our world in profound and lasting ways. Its ability to create social and economic value makes it an indispensable tool for the future. Are you ready to unlock the potential of AI in your industry? #TechnologicalInnovation #ArtificialIntelligence #SocialValue #EconomicValue #DigitalTransformation #FutureOfWork.
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✨ Why You Should Learn AI Now AI is transforming every industry, and the numbers speak for themselves: 1. Job Growth: By 2025, AI will create 97 million new jobs globally (World Economic Forum). Whether you're in tech, finance, or healthcare, AI skills will keep you in demand. 2. Efficiency Gains: 70% of organizations worldwide are using AI to automate tasks and make data-driven decisions (McKinsey). Learning AI enables you to enhance efficiency and drive smarter business strategies. 3. Market Value: The global AI market is expected to reach $1.59 trillion by 2030 (Grand View Research). Understanding AI opens doors to future-proof industries and career opportunities. Don’t just witness the AI revolution—be part of it. 🚀 #AI #ArtificialIntelligence #FutureOfWork #TechSkills #DigitalTransformation
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Level Up or Get Left Behind: The AI Imperative AI is reshaping industries at an unprecedented pace. While it offers immense potential for innovation and efficiency, it also poses a significant threat to traditional job roles. To stay relevant in this rapidly evolving landscape, individuals must proactively adapt and reinvent themselves. The Choice is Yours: Evolve or Extinguish - Embrace Lifelong Learning: Continuously acquire new skills, especially those related to AI and data science. - Cultivate Human-Centric Skills: Focus on creativity, critical thinking, and emotional intelligence. - Partner with AI: Leverage AI tools to augment your capabilities and productivity. - Seek Out Emerging Roles: Explore new opportunities in AI-driven fields like data analysis, machine learning, and automation. Don't let AI replace you. Reinvent yourself and become an indispensable asset in the digital age. #AI #FutureOfWork #DigitalTransformation #Upskill #Reskill
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Tuesday Change Nugget: Is Your Job AI Resilient? For those Trekkie who remember Star Trek: The Next Generation, "Computer" had the answer to everything. Fast forward to Siri or Alexa and we are now on the Starship Enterprise of the "Next Generation". Artificial Intelligence (AI) has been around for quite some time. It's advancement has helped with rudimentary tasks and, in some countries, closed the gap on hard to fill jobs for a shrinking and aging population. We have become accustomed to humanless interaction and embrace it with zeal when our jobs aren't impacted. However, the mention of AI for change management has generated quite the conversation about our relevance in organizations and will we become obsolete at some point. I agree that some of our more routine functions may be handled by generative AI, I don't foresee that we're going to be replaced tomorrow. Like any other technology, we may have to rethink our tools and methodologies, but we'll still work with people. That's not going to change. (no pun intended) Most advances in AI have impacted manual labor or blue collar jobs. I attended a virtual event discussing how jobs at $100k or more could be most impacted by AI. The presentation (https://lnkd.in/g-HfYFp4) was based upon the Presenter's Harvard Business Review article below. Tell me what you think? Harvard Business Review: https://lnkd.in/gGr6y48b
Is Your Job AI Resilient?
hbr.org
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Importance and Benefits of Artificial Intelligence (AI):- Here, We dive into the world of Artificial Intelligence (AI), exploring its significance and impact across various domains. Whether you're a tech enthusiast, a business owner, or simply curious about emerging technologies, this article will provide you with a comprehensive understanding of what AI is and why it's essential in today's digital landscape. Artificial Intelligence, often abbreviated as AI, refers to the simulation of human intelligence processes by machines, especially computer systems. These processes include learning, reasoning, problem-solving, perception, and language understanding. AI enables machines to mimic cognitive functions typically associated with the human mind, allowing them to perform tasks that traditionally require human intelligence. Artificial Intelligence (AI) offers numerous benefits across various sectors: 1. Automation 2. Decision Making 3. Personalisation 4. Improved Healthcare 5. Enhanced Customer Service 6. Safety and Security 7. Environmental Conservation 8. Research and Innovation For more details, visit to given link https://lnkd.in/dCScq687
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The Future of Work in the Age of AI/ML! As AI and Machine Learning continue to advance, their impact on the workforce and economy will be profound. In this post, we'll delve into how these technologies are reshaping jobs and what you can do to stay ahead. Key Insights: Workforce Transformation: Discover how AI/ML will create new roles and modify existing ones. Economic Impact: Understand the broader economic shifts driven by these technologies. Preparation Tips: Learn actionable strategies for workers and businesses to adapt and thrive. Let's explore how we can navigate these changes and leverage AI/ML for future success. 🌟 🔗 Follow me Shahid Mehmood for more insights on AI, career growth, and tech trends. Share this post to help others prepare for the future of work! #AI #MachineLearning #FutureOfWork #CareerDevelopment #TechTrends #Innovation #WorkplaceTransformation #CommunitySupport
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#BreakingNews . #News #Search . #Direct #Trending #AI #Asks The No. 1 most asked question people asked AI today is: "What are the effects of artificial intelligence on job markets?" - Answer: Artificial intelligence (AI) significantly impacts job markets across various sectors. Here are the key effects: Job Displacement: Automation of routine and repetitive tasks can lead to job losses in sectors such as manufacturing, customer service, and data entry. Machines and algorithms often perform these tasks more efficiently and accurately. Job Creation: New jobs are emerging in AI development, maintenance, and oversight. Fields like data science, AI ethics, and cybersecurity are experiencing growth. Additionally, roles focusing on human-AI collaboration are becoming more common. Job Transformation: Many jobs are evolving rather than disappearing. AI tools augment human capabilities, leading to increased productivity and new skill requirements. For example, in healthcare, AI assists with diagnostics, enabling doctors to focus more on patient care. Skill Shifts: There is a growing demand for skills in AI, machine learning, and data analysis. Workers need to adapt by acquiring new skills and competencies to remain relevant in the job market. Lifelong learning and upskilling are crucial in this AI-driven era. Economic Impact: AI can lead to economic growth by increasing efficiency and innovation. Companies adopting AI often see improved performance and competitiveness, which can lead to new business opportunities and expansion. Overall, while AI poses challenges to traditional job markets, it also offers opportunities for growth and innovation. Adapting to these changes through education and training is key to benefiting from AI advancements.
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