AI is still in its infancy. The view taken by this video is very much short-term. AI will improve exponentially until very soon it can outperform and have more capacity than any human employee. Labor is the single biggest expense for most companies. Only companies that leverage AI and eventually phase out all human labor will survive unless the government does create protections for human labor. This will be the eventual end of capitalism as we know it.
I dunno guys, I am increasingly skeptical about AI’s potential, because everyone talking about it has a ton of money to make from it. I DO think it will end some jobs, but having implemented gpt and other LLMs in business contexts, it takes a LOT of work to structure an interaction or task so that it can be handled in a way that reduces overall labor. that said, you are wise not to trust anything coming from WEF. They’re just wrong a lot, like all economists.
@CALM it's disappointing, but compare gpt3 to 4. Also, I used 4 the day it became available. It could much more and much faster than it currently does. They neutered it. Meaning, A.I. is more capable today than the public is allowed to know.
The prospect of investing during a period of higher inflation initially seemed daunting, but after speaking with investment analyst Joseph Sullivan Anderson, who devised a strategy to replace my underperforming fixed-income investments with a diverse portfolio that would generate higher returns, I was able to navigate it.
With the current inflation rate of 4.3%, I must find more profitable uses for my dormant assets. I researched Joseph Sullivan Anderson's credentials and found them to be solid. I'll reach out to him.
I remember I read about this analyst in a business journal... he has a solid reputation and good insight when it comes to profiting from economic volatility.
I wish I had started investing sooner. It's great to see compound interest in action, and it's made me appreciate the potential of investing through Mr Joseph Sullivan Anderson, a financial specialist. I have made around 150k
LOL! Job creation, that's a riot. A.I. gets better far far far faster than a human can reskill...if 1 robot learns a new skill -> the entire fleet instantly learns it too. The solution is a new economic system...out with the old!
11:48 "Fifty Million Rising: The New Generation of Working Women Transforming the Muslim World"...economist Saadia Zahidi illuminates this revolution through the stories of the remarkable women who are at the forefront of this shift -- a McDonald's worker in Pakistan who has climbed the ranks to manager; the founder of an online modest fashion startup in Indonesia; a widow in Cairo who runs a catering business with her daughter, against her son's wishes; and an executive in a Saudi corporation who is altering the culture of her workplace. These women are challenging familial and social conventions, and compelling businesses to cater to women as both workers and consumers. They are gaining the economic power that will upend entrenched cultural norms, re-shape how women are viewed in the Muslim world and elsewhere, and change the mindset of the next generation. Fifty Million Rising is a uniquely insightful portrait of a seismic shift with global significance, as Muslim women worldwide claim a seat at the table.
Perhaps I am misperceiving matters, but the guest strikes me as too orientated towards viewing matters from the business/corporate point of view and not from the human vantage point.
'They'll [workers] have to incorporate more critical thinking..' to adapt. And we all know what great emphasis the American school system places on the teaching--and encouragement--of critical thinking.
Regarding the effect of AI to the Tech & IT Industry; I think the biggest impact will be remote tech interview tasks. Employers would want to give interviewees a special application where they can do their tests/tasks. I still don’t think AI will replace junior developers; It will reduce the time spent on training them. It will also make startups and businesses more productive and there will be a significant increase in applications and softwares deployed on cloud services. The businesses that will survive are the ones that are innovative, solve real problems and care more for their customers. Regarding the educational sector, certifications and work experience will become more relevant because employers may not trust self taught individuals who are new to the industry.
Too much the unquestioning embrace by technocrats of every new technological advance and not enough of the cautionary voice of the humanist worrying over the impact upon people and societies.
it never about job creation, it always about margin. That is capitalism.
Obsolete economic paradigm
AI is still in its infancy. The view taken by this video is very much short-term. AI will improve exponentially until very soon it can outperform and have more capacity than any human employee. Labor is the single biggest expense for most companies. Only companies that leverage AI and eventually phase out all human labor will survive unless the government does create protections for human labor. This will be the eventual end of capitalism as we know it.
Exactly! I just cringe when seeing such old-fashioned reports in this very time
I dunno guys, I am increasingly skeptical about AI’s potential, because everyone talking about it has a ton of money to make from it. I DO think it will end some jobs, but having implemented gpt and other LLMs in business contexts, it takes a LOT of work to structure an interaction or task so that it can be handled in a way that reduces overall labor.
that said, you are wise not to trust anything coming from WEF. They’re just wrong a lot, like all economists.
@CALM it's disappointing, but compare gpt3 to 4. Also, I used 4 the day it became available. It could much more and much faster than it currently does. They neutered it. Meaning, A.I. is more capable today than the public is allowed to know.
@@Recuper8 Yup, GPT-4 was called by a researcher sparks of AGI! before the dumbing security layers was added.
Fabulous conversation and so important for organisations and governments. Thank you.
The prospect of investing during a period of higher inflation initially seemed daunting, but after speaking with investment analyst Joseph Sullivan Anderson, who devised a strategy to replace my underperforming fixed-income investments with a diverse portfolio that would generate higher returns, I was able to navigate it.
With the current inflation rate of 4.3%, I must find more profitable uses for my dormant assets. I researched Joseph Sullivan Anderson's credentials and found them to be solid. I'll reach out to him.
I remember I read about this analyst in a business journal... he has a solid reputation and good insight when it comes to profiting from economic volatility.
I wish I had started investing sooner. It's great to see compound interest in action, and it's made me appreciate the potential of investing through Mr Joseph Sullivan Anderson, a financial specialist. I have made around 150k
It's a good thing I'm not alone in this. It's good to know Mr. Joseph has had an impact on others other than myself.
Another great one Hari ..
LOL! Job creation, that's a riot. A.I. gets better far far far faster than a human can reskill...if 1 robot learns a new skill -> the entire fleet instantly learns it too. The solution is a new economic system...out with the old!
bank tellers? between ATMs and Web Banking that job title is all but gone.
And yet, there are banks out there with 50k+ employees.
So the World Economic Forum was unable to provide a Managing Director with a quality home setup for videoconferencing?
WEF will not need people to write reports like this one any longer, AI will write a much better report than than she can
only because it has access to reports like hers
if this will be the case, then tax heavily these private companies which will be richer, and people will live on doles
So who is responsible to make generative AI environmentally sustainable?
One single person. Find that person and give him a good talking-to and everything will be better. Happy now?
11:48 "Fifty Million Rising: The New Generation of Working Women Transforming the Muslim World"...economist Saadia Zahidi illuminates this revolution through the stories of the remarkable women who are at the forefront of this shift -- a McDonald's worker in Pakistan who has climbed the ranks to manager; the founder of an online modest fashion startup in Indonesia; a widow in Cairo who runs a catering business with her daughter, against her son's wishes; and an executive in a Saudi corporation who is altering the culture of her workplace. These women are challenging familial and social conventions, and compelling businesses to cater to women as both workers and consumers. They are gaining the economic power that will upend entrenched cultural norms, re-shape how women are viewed in the Muslim world and elsewhere, and change the mindset of the next generation.
Fifty Million Rising is a uniquely insightful portrait of a seismic shift with global significance, as Muslim women worldwide claim a seat at the table.
futuretimeline says not enough jobs will be created and lowly skilled cannot adapt therefore ubi
Perhaps I am misperceiving matters, but the guest strikes me as too orientated towards viewing matters from the business/corporate point of view and not from the human vantage point.
'They'll [workers] have to incorporate more critical thinking..' to adapt. And we all know what great emphasis the American school system places on the teaching--and encouragement--of critical thinking.
Regarding the effect of AI to the Tech & IT Industry; I think the biggest impact will be remote tech interview tasks. Employers would want to give interviewees a special application where they can do their tests/tasks. I still don’t think AI will replace junior developers; It will reduce the time spent on training them. It will also make startups and businesses more productive and there will be a significant increase in applications and softwares deployed on cloud services. The businesses that will survive are the ones that are innovative, solve real problems and care more for their customers. Regarding the educational sector, certifications and work experience will become more relevant because employers may not trust self taught individuals who are new to the industry.
Nafta didn’t work, this is gonna be worse
Time to Arnie Cyberdyne Systems, before Skynet is activated.
How about the Fed stop messing with the common people?
This is so off topic that I’m assuming you’re an AI.
Too much the unquestioning embrace by technocrats of every new technological advance and not enough of the cautionary voice of the humanist worrying over the impact upon people and societies.
The next hype bubble... humans are hilarious
0:53 the journalist reaction haha was like oh an IA robot will be replacing me reading the news and asking questions hahah
It already can.
AI will make governments more efficient and analyze big data faster
Efficient government 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Nonsense, it’s all about CA.
CA? California?