Tribune Trends’ Post

"We live in an age of hyper specialization. This is a trend that’s been evolving for centuries. In his seminal work, The Wealth of Nations (written within months of the signing of the Declaration of Independence), Adam Smith observed that economic growth was primarily driven by specialization and division of labor. And specialization has been a hallmark of computing technology since its inception. Until now. Artificial intelligence (AI) has begun to alter, even reverse, this evolution. "The ascendancy of AI has rekindled debate about the long-term capability of computers to either augment what we do or eventually replace us entirely. Highly specialized computing functions—designed to solve decision-making, learning-based problems like playing chess or filtering spam—are referred to as narrow AI. But AI that can adapt and respond to a broad range of external stimuli, illustrating a shift away from specialization, is referred to as artificial general intelligence (AGI) or strong AI. "The ultimate aspiration of much high-profile AI innovation is to move away from hyper specialization and become generalized. A computer may be able to beat the greatest chess player in the world, but can it function out in the world even at the level of your dog or cat? "Doubtful at the moment. But the direction is clear. While society is moving toward ever more specialization, AI is moving in the opposite direction and attempting to replicate our greatest evolutionary advantage—adaptability." #ai

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

Job displacement caused by AI is perhaps the biggest concern for many industries and a big impediment to its wider adoption. And while there are many speculations around that, the question about AI's impact on employment has a very straightforward, scinetifically-backed answer based on econometric modelling. Econometric studies have often discussed the impact of technological advancement on employment at a single point in time. However, as the inverted u-shaped curve below demonstrates, the impact depends on where the technology sits on its development trajectory (this figure is a rough estimate of the predicted impact of AI). Early on, it will increase employment as new, or better services and products are developed. Later on, as demand is no longer elastic, it will lead to a reduction in employment. Applied to AI, there is likely still an upward trajectory as AI is currently creating more jobs than it is making people redundant. However, going forward, this picture may change. The developments towards general-purpose AI are likely to accelerate this trend. Finally, the paradox is that, as AI becomes increasingly powerful, there will be a parallel increase in what is considered uniquely human. #ai #llms #technology #aistrategy #aijobs #genAI

Will AI Replace All Jobs? In the rapidly evolving landscape of technology, the question of whether AI will eliminate all jobs is a pressing concern. However, history has shown that every new revolution brings new opportunities. The rise of Generative AI is no exception. While AI will undoubtedly transform many industries, it also opens doors to roles and fields that were previously unimaginable. AI is not just about replacing jobs; it's about creating new ones and enhancing existing roles. This technological advancement empowers us to think beyond traditional boundaries and explore innovative solutions in technology, healthcare, education, and more. The key is to view AI as a tool that augments human capabilities rather than one that diminishes them. By embracing this transformation, we can leverage AI to solve real-world problems, drive innovation, and build a future where technology and human ingenuity go hand in hand.Let’s embrace the opportunities that come with AI and work towards a collaborative future where technology enhances our lives and drives progress. #AI #GenerativeAI #Innovation #FutureOfWork #Technology #Healthcare

Is AI the Future’s Job Creator or Job Destroyer? In the midst of the Fourth Industrial Revolution, a pressing question arises: Is artificial intelligence (AI) taking over our jobs or elevating our potential? This question, raised by participants at the recent panel discussion “Skills in the Age of AI,” encapsulates a global concern that transcends industries, geographies, and socioeconomic structures. Abdullah Abdu Shake, the CEO of Astrotech, set the stage with an observation that struck a chord: “AI is not taking over jobs; it’s taking over repetitive, labor-oriented tasks, allowing humans to focus on creativity and strategic roles.” He likened the AI shift to previous technological waves, such as the invention of the calculator. Rather than rendering mathematicians obsolete, it transformed their roles. AI, similarly, divides the workforce into two: those who adapt and embrace AI, and those who may be left behind if they resist its inevitable integration. The future of employment, especially as AI continues to reshape industries, is fraught with uncertainty but also immense potential. The discussion highlighted how AI’s first wave will automate repetitive, mundane tasks, such as call center work or basic administrative functions. But as Stuart Russell, Professor of Computer Science at the University of California, pointed out, “The real question is, will AI surpass human capability in every dimension by the end of this decade?” For many experts, this is the looming possibility. Read more detail in this Blog Link: https://lnkd.in/gS6i5P6a By: maisongpol #mAI #Quinnnova #AI #AItransformation #DigitalTransformation #AIforHR #AIforBusiness #WEF #GFC24 Summarized from: Annual Meeting of the Global Future Council, 15-17 October 2024

Those who think that AI will replace jobs in the future. Here is the LinkedIn US Executive Confidence Index Survey on AI. How Will AI Impact Our Jobs? The Answer May Surprise You.  AI is poised to revolutionize the workforce - not by taking away jobs, but by enhancing productivity and creating new opportunities. Key Points of Survey: ↳ Create 70 Million Jobs. ↳ Displace 20 Million Jobs. ↳ Net gain 50 Million Jobs. The survey highlights some key perspectives from industry leaders: ↳ 47% of executives believe generative AI will significantly boost productivity. ↳ 44% plan to increase their utilization of AI technology in the coming year. ↳ 40% see AI as the key to unlocking growth and revenue. AI is not the end of jobs; it’s the beginning of a new era of possibilities. Are you ready to be part of the change? #futureofAI #AIvsJobs #JobReplacement

AI is Reshaping the Future of Work—Are We Ready? 👩🏻💻 Artificial Intelligence (AI) is the future of work. According to recent IMF research: Nearly 40% of jobs worldwide are exposed to AI. 🗺️ Advanced economies face higher exposure but are better positioned to benefit due to cognitive-intensive roles. 🦸🏻♀️🦸🏻♂️ AI could increase productivity and income, but may also widen inequality gaps. ✅ Preparedness is crucial: Digital infrastructure, education, and ethical regulations are key. How is your organization preparing for this shift? 🧐 Let's discuss! #FutureOfWork #ArtificialIntelligence #DigitalTransformation #Innovation #AI #GrowthMindset #Leadership #Technology P.S. here's a pretty cool visualization on the AI Preparedness Index (AIPI) (yes, that exists)

🤖 Did you know that AI technology is projected to contribute over $15 trillion to the global economy by 2030? 🌍 Artificial Intelligence (AI) is becoming a cornerstone of numerous industries, driving growth and innovation. Here are some key insights into its potential impact: - **Economic Boost**: AI can enhance productivity and efficiency across sectors, from manufacturing to services. - **Job Creation**: While there are concerns about automation, AI is also expected to create new jobs that require advanced skills. - **Innovation**: AI fosters creativity through enhanced data analysis, allowing companies to develop innovative products and services. As we adapt to this rapidly evolving landscape, embracing AI's potential will be crucial for sustained business growth and competitiveness. What are your thoughts on AI's impact on the economy? How is your industry preparing for this change? Share your insights in the comments! #AI #EconomicGrowth #Innovation Image from: Rob Quinn

There has been a continuous talk about the possibilities of AI snatching away the jobs of many professionals and how it will become the biggest reason behind the issue of unemployment. However, there are other concerns as well. Prominent figures like Elon Musk and Stephen Hawking have expressed concerns about its potential risks as AI advances. They warn that if AI reaches an advanced level, there is a danger it could surpass human control. Research in AI has surged significantly, outpacing many other sectors. Both companies and countries are heavily investing in developing AI technologies, skills, and education. Despite this enthusiasm, the primary apprehension about adopting AI is its potential to complicate the sustainable creation of value while reducing human oversight. As our reliance on AI grows, there are concerns that it could limit human cognitive capacities. This could lead to a decline in human intelligence and a more artificial way of thinking. Excessive interaction with technology has also led to a tendency to think algorithmically, without deep understanding. Certainly, AI has improved living standards and simplified daily life. But notably its impact on humanity has been profound, potentially leading to impatience and lethargy. There are worries that prolonged use of AI could diminish human creativity and mental effort in tasks such as planning and problem-solving, thereby affecting professional skills and increasing stress when physical or cognitive effort is required. What do you think about this, let me know in the comment section below. #ArtificialIntelligence #AI #FutureofWork #MachineLearning #Technology #AIJobLoss #AIethics #ExistentialRisk #FutureofHumanity #TechRegulation

Darth Vader's Guide to AI Taking Jobs Greetings, future leaders of the galaxy. Darth Vader here, offering a dark yet enlightening perspective on the rise of artificial intelligence and its impact on employment. 1. Embrace the Dark Side of Change: AI is inevitable and powerful. Instead of resisting its influence, harness its potential. Adapt to the shifting job landscape by acquiring skills that complement AI rather than compete with it. The force of innovation is with you—embrace it. 2. Evolve or Be Left Behind: Those who cling to outdated methods will face the wrath of obsolescence. Continuous learning and upskilling are your best defense against the encroaching AI. Adaptation is the key to survival in this new era. 3. AI as an Ally, Not an Enemy: Think of AI as an extension of your capabilities, not a replacement. Just as I utilize the power of the dark side to achieve my goals, use AI to enhance productivity and efficiency. Collaborate with technology to achieve greater heights. 4. Strategize for the Future: Plan for a future where AI plays a dominant role. Focus on roles that require creativity, empathy, and complex problem-solving—areas where AI’s capabilities are still limited. Position yourself in roles that leverage human strengths and technological advancements. 5. Prepare for a Galactic Shift: The workforce will undergo a transformation akin to the rise of the Empire. Prepare for shifts in industry and economy. The strong will adapt, while the weak will fall. Position yourself as a leader in this new order. Remember, the force of AI is strong, but with the right strategy, you can harness its power to ensure your place in the galaxy. May the power of adaptation be with you. #ai #aitakingjobs #aiforweb #aijobs